Carraro India Ltd. has announced public offering of 17755682 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 694.00 per share. The gross proceeds of the issue are expected to be Rs 1,25,000.00 lakhs.

The company's initial public offer (IPO) will open on 20 December 2024 and is expected to close on 24 December 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 668.00-704.00 per share.

The IPO includes a fresh Issue of 17755682 Equity Shares of the Company at an price of Rs 704.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 21 shares with bids in multiples of 21.

Carraro India Ltd. anticipates using the proceeds of the issue for .

Axis Capital Ltd.,Nuvama Wealth Management Ltd.,BNP Paribas as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.