Carraro India IPO allotment: Steps to check status on NSE, BSE and Link Intime India

Carraro India IPO allotment status is scheduled to be finalised on Thursday, December 26. The mainboard issue was open for subscription from December 20 to December 24.

The investors, waiting for the share allotment to be finalised by the company, can check the details on the NSE and the BSE websites. The IPO shares allotment status can also be checked on the official portal of the issue registrar, Link Intime India Pvt. Ltd.

The company aims to raise ₹1,250 crore from the primary market through its IPO. The mainboard issue witnessed lacklustre demand from investors on the last day of bidding on Tuesday.

The initial share sale was subscribed 1.12 times. The qualified institutional buyers (QIBs) portion got subscribed 2.21 times, while the retail investors part fetched 71% subscription. Non-institutional investors mopped up 60% subscription.

Carraro India had raised ₹375 crore from anchor investors ahead of the launch of the IPO. The company allotted 53.26 lakh equity shares to a total of 33 anchor investors at ₹704 apiece.

Steps to check Carraro India IPO allotment status on the NSE website:

• Visit the NSE IPO allotment status page HERE.
• Log in with your User ID and Password. The new investors should register on the NSE before checking the IPO allotment status.
• Select Carraro India Limited from the list of IPO names.
• Enter your application number and PAN details.
• Click ‘Submit’ to view the share allotment status.

Steps to check Carraro IPO allotment status on Link Intime India:

• Open the IPO allotment status page on the official website of issue registrar, Link Intime India: https://linkintime.co.in/initial_offer/public-issues.html.
• Select Carraro India Limited from the drop down menu for company names.
• Click on any of these options- PAN, Application Number, DP ID or Account Number.
• Enter the details as per the selected verification option.
• Click on the ‘Submit’ button.

It’s important to note that the IPO allotment status will only appear after the company finalises the share allocation. The IPO allotment status can also be checked on the BSE website using the PAN and application number details.

Carraro India IPO key details

• Carraro India IPO was only an offer-for- sale (OFS) of 1.77 crore shares. The issue did not include any fresh issue of shares.
• The IPO price band was fixed at ₹668 to ₹704 per share.
• The minimum lot size for the retail investors was 21 shares, aggregating to an investment of ₹14,784.
• Axis Bank Limited, BNP Paribas and Nuvama Wealth Management Limited has been appointed as the book-running lead managers of the IPO.
• After the IPO allotment, refunds and transfer of shares to the Demat accounts will be done on December 27.
• The IPO listing date has been tentatively fixed as December 30. Shares of the company will be listed on the BSE and NSE.

About Carraro India and use of IPO funds

Carraro India, incorporated in 1997, is engaged in the manufacture and sale of transmission systems (axles, transmissions and drives) mainly for agricultural and construction equipment for offhighway vehicles.

It has two specialized production plants active, in the Ranjangaon area, in the production of axles and transmissions for agricultural and earth-moving machines, and in the production of gears and components. In Pune, the company has an R&D Center, Carraro Technologies India, dedicated to research and design activities for new products.

Since the IPO of Carraro India is purely structured as an Offer for Sale (OFS), the company will not receive any of the proceeds raised from the maiden issue.