The share allotment status for the initial public offering of Carraro India Ltd. is set to be finalised on Thursday, Dec. 26.

The mainboard issue received a lukewarm response from the investors as it sailed through on the last day of bidding on Dec. 24, driven by the Qualified Institutional Buyers (QIBs). The IPO was subscribed 1.12 times.

The investors placed bids for 1,46,18,814 shares in comparison to 1,30,98,803 shares on offer.

The IPO failed to secure a full subscription in the non-institutional investors (NIIs) and retail categories. The NIIs’ segment was booked only 60% whereas the retail portion saw a booking of 71%. The QIBS booked their category 2.21 times.

The mainboard issue is an entirely offer-for-sale of 1.78 crore shares amounting to Rs 1,250 crore. Carraro India IPO price band was set in the range of Rs 668 to Rs 704 per share.

The minimum bidding size for the retail investors was a single lot size of 21 shares, amounting an investment of Rs 14,784.

Investors who bid in the Carraro India IPO can check the allotment status online via the official websites of BSE, NSE and the issue registrar, Link Intime India Pvt.

Steps To Check Carraro India IPO Share Allotment Status On BSE

  • Open the IPO allotment page on the BSE website here.

  • Click on Equity as the issue type.

  • Select ‘Carraro India Limited’ under the company name.

  • Enter your application number or PAN.

  • Clear the ‘Captcha’ verification.

  • Click on the ‘Search’ button to view the IPO allotment status.

How To Check Carraro India IPO Allotment Status On Link Intime

  • Log on to the IPO allotment page on Link Intime India here.

  • From the dropdown list, select ‘Carraro India Limited’.

  • Choose any one from PAN, Application Number, DP/Client ID or Account Number/IFSC.

  • Enter the required details based on your selection.

  • Enter Captcha details.

  • Click on ‘Submit’ to check the share allocation.

You can also check the status on the NSE website using the PAN and application number.

Following the allotment, Carraro India will initiate the refunds for non-allottees along with the credit of shares into the Demat account of successful bidders on Dec. 27. Shares of Carraro India Ltd. are scheduled to be listed on the NSE and BSE on Dec. 30.

Carraro India IPO GMP

The grey market premium of the Carraro India IPO was Rs 0 as of 05:04 a.m. on Dec. 26, according to InvestorGain. This indicates a flat listing for the Carraro India shares.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Use Of Proceeds

Since it is an entirely offer-for-sale issue, proceeds from the IPO will directly go to the shareholders offloading their stake.

About Carraro India

Carraro India is a technology-driven integrated supplier specialising in the development of complex engineering products and solutions for original equipment manufacturers. The company focuses on axles, transmission systems and gears for the agricultural tractor and construction vehicle industries in India.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.

. Read more on IPOs by NDTV Profit.The grey market premium of the Carraro India IPO was Rs 0 on Dec. 26, according to InvestorGain. This indicates a flat listing for the Carraro India shares.  Read MoreIPOs, Markets, Trending 

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