Carraro India's stock debuted below its issue price despite a moderately oversubscribed IPO.

Carraro India, a transmission systems manufacturer, had a lackluster stock debut on December 30, 2024, with shares trading below the issue price on both the National Stock Exchange and Bombay Stock Exchange. The IPO, which raised Rs 1,250 crore, was slightly oversubscribed, with retail and non-institutional investors showing moderate interest. Despite initial volatility, the company’s shares closed below the opening price. Carraro, founded in 1997, specializes in components for industrial and agricultural machinery and has seen recent growth in revenue and profits.

3 months ago
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