Carraro India IPO GMP

Carraro India, a leading manufacturer of transmissions and driveline components, is coming up with its initial public offering (IPO) on December 20th, 2023.

The IPO comprises of a fresh issue of up to 25,000,000 equity shares and an offer for sale of up to 10,000,000 equity shares. The price band for the IPO has been set at ₹668-704 per share.

The company plans to use the proceeds from the IPO to repay debt, fund capital expenditure, and for general corporate purposes.

The IPO has received a positive response from the market, with the grey market premium (GMP) currently at ₹15. This indicates that the IPO is likely to be subscribed multiple times.

Here are some key things to know about the Carraro India IPO:

• Issue size: Up to 25,000,000 equity shares
• Offer for sale: Up to 10,000,000 equity shares
• Price band: ₹668-704 per share
• Issue period: December 20th, 2023 - December 22nd, 2023
• Listing date: December 29th, 2023

If you are interested in investing in the Carraro India IPO, you can apply through your broker. The minimum investment amount is ₹14,368.

Disclaimer: This article is for informational purposes only and should not be considered as investment advice.