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

flag 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. flag The IPO, which raised Rs 1,250 crore, was slightly oversubscribed, with retail and non-institutional investors showing moderate interest. flag Despite initial volatility, the company’s shares closed below the opening price. flag Carraro, founded in 1997, specializes in components for industrial and agricultural machinery and has seen recent growth in revenue and profits.

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