Upcoming Carraro India IPO: Auto Parts Giant Targets ₹1,811 Crore with Strong Financial Performance

Carraro India, a company that makes axles and transmission systems for tractors and construction vehicles, is set to raise ₹1,811.65 crore through its initial public offering (IPO). The company filed its preliminary prospectus with the Securities and Exchange Board of India (SEBI) on August 23.

This IPO will be an offer-for-sale, meaning the money raised will go to Carraro International S E, the company’s promoter, rather than Carraro India itself.

Carraro India is part of the Italian Carraro S.p.A. group, known for its transmission systems used in off-highway vehicles. Founded in 1997, the company’s products include equipment for agriculture and construction, like backhoe loaders, cranes, and concrete mixers. It also supplies gears and shafts for industrial and automotive use.

Financial Performance:

• Revenue: Carraro India’s revenue for the fiscal year 2024 was ₹1,770.5 crore, a 4.4% increase from the previous year.
• Profit: The company’s profit rose by 29.4% to ₹60.6 crore.
• EBITDA: The company’s EBITDA increased by 27.2% to ₹128.2 crore, improving its margin to 7.2%.

With two manufacturing plants in Pune, Carraro India serves 38 manufacturers across India, with a strong focus on domestic sales.