Carraro India, an auto parts manufacturer, filed draft papers for a Rs 1,812 crore IPO.

Carraro India, an auto parts manufacturer for tractors and construction vehicles, filed draft papers with SEBI for a Rs 1,812 crore IPO. Parent company Carraro Group, led by Carraro SpA, will see proceeds from the IPO go to the selling shareholder, Carraro International SE. Carraro India, which competes with companies like Escorts Kubota and Schaeffler India, generated 64.82% of its revenue from domestic sales in the last financial year, reporting a 29.4% profit increase.

August 24, 2024
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