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Carraro India

Carraro India is a leading technology-driven, integrated supplier that specializes in crafting innovative engineering solutions for original equipment manufacturers (OEMs). Operating as an independent Tier II solutions provider, the company focuses on manufacturing axles, transmission systems, gears, and associated components for India’s agricultural tractor and construction equipment industries.

With robust in-house design and manufacturing capabilities, Carraro India delivers customized, high-performance solutions tailored to industry requirements. Their diverse product portfolio includes axles and transmission systems catering to multiple horsepower (HP) ranges for off-highway vehicles in agriculture and construction. Additionally, the company produces gears, shafts, and ring gears for various industrial and automotive applications.

As of 31st March 2024, Carraro India serves 38 leading manufacturers across India. Its extensive supply chain includes 189 suppliers spanning 8 Indian states and 68 international partners, with the top 10 suppliers maintaining partnerships for over 15 years on average.

Carraro India IPO Details

Signature Global IPO Details
Carraro India IPO Dates
20 – 24 December 2024
Carraro India Issue Price
INR 668 – 704 per share
Fresh issue
NIL
Offer For Sale
INR 1,250 crore
Total IPO Size
INR 1,250 crore
Minimum bid (size)
21 shares (INR 14,784)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Carraro India Financial Performance

Signature Global Financial Performance

FY 2022

FY 2023

FY 2024

H1 FY 2025

Revenue

1,497.54

1,713.15

1,788.97

914.62

Expenses

1,489.32

1,667.71

1,722.18

855.82

Net income

22.43

48.46

62.56

49.73

Margin (%)

1.50

2.83

3.50

5.44

Figures in INR Crore unless specified otherwise

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