This Italian company is bringing IPO, target to raise…?

Carraro india, a company that makes tractors for agriculture and transmission systems for construction vehicles, is going to launch its IPO in the market soon. For this, the company has filed draft papers with the market regulator Securities and Exchange Board of india (SEBI). According to the report of Moneycontrol, the company wants to raise a full Rs 1811.65 crore from the market. For this, the company has submitted documents to SEBI.

Italy's Carraro S.p.A is the parent company of Carraro India. According to the papers filed, this IPO is coming entirely through Offer for Sale and not a single share will be issued fresh in it. In such a situation, the entire amount raised by the market will go to the shareholders of the company. The entire money of the IPO is going to go to Carraro international SE and Carraro S.p.A.

How is the financial condition of the company?

Carraro india had earned a total profit of Rs 47 crore in FY 2023. At the same time, in the financial year 2024, this profit increased by 29.4 percent to Rs 60.60 crore. In this financial year, the company has earned a total of Rs 1,770.50 crore. The company's revenue has registered a growth of 4.40 percent in FY 2024. In the financial year 2024, the company's EBITDA has registered a growth of 27.2 percent and has reached Rs 128.20 crore. At the same time, EBITA margin has increased by 130 basis points to 7.20 percent.

What does Carraro india make?

Carraro india was formed in the year 1997. This company manufactures a wide range of parts for agricultural tractors and construction vehicles such as backhoe loaders, soil compactors, cranes, small motor backhoe loaders and self-loading concrete mixers. Apart from this, the company also manufactures and supplies gears, shafts, ring gears etc. for many automotive vehicles. It has two manufacturing units in Pune, Maharashtra.