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Carraro India Limited, a part of the globally established Carraro Group, is focused on manufacturing transmission systems for agricultural and construction machinery. Its core operations involve producing driveline systems and components for OEMs across India and international markets. Carraro India holds a prominent position in the off-highway and automotive equipment sectors.
With the upcoming Carraro India IPO, the company is set to raise funds to fuel its expansion plans, improve financial health, and further solidify its market position. Investors looking to diversify into the automotive components sector may find this IPO worth considering.
Carraro India IPO Details and Objectives
Carraro India Limited aims to raise a substantial amount through its initial public offering. The IPO proceeds are earmarked for capacity expansion, meeting working capital requirements, and reducing existing debt.
The primary objective is to fund capital expenditures for capacity expansion and bolster working capital, which will enable the company to streamline operations and reduce financial obligations.
Expected Funds to be Raised
Carraro India is expected to raise ₹1,811.65 crore through the public issue.
Key Dates to Remember
Pricing and Lot Size of Carraro India IPO
Investors can easily apply for the Carraro India IPO through online platforms.
Carraro India's financial health continues to show positive growth:
Key Financial Metrics:
For FY24, Carraro India reported a net profit of Rs. 60.6 crore, up by 29.4% compared to Rs. 47 crore in FY23. The company’s revenue grew by 4.4% to Rs. 1,770.5 crore in FY24. Additionally, EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) saw a 27.2% increase on-year, reaching Rs. 128.2 crore.
With consistent revenue and profit growth, Carraro India has demonstrated resilience and growth potential. The company's increasing EBITDA reflects its improved operational efficiency, providing a positive outlook for future expansion and profitability.
The Carraro India IPO is for those investors looking to invest in a well-established company in the automotive and industrial sectors. The funds raised through the IPO are expected to support expansion, strengthen the company's financials, and potentially yield long-term gains. However, investors should weigh the risks before making any investment decisions.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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