The basis of allotment for Carraro India Limited’s ₹1,250-crore initial public offering (IPO) is expected to be finalized today, December 26, 2024. The IPO, which concluded on December 24, achieved an overall subscription of 1.12 times, with Qualified Institutional Buyers (QIBs) showing the strongest interest at 2.21 times subscription.

The company received bids for 1.46 crore shares against the 1.31 crore shares on offer. While QIBs led the demand, retail and non-institutional investors showed moderate interest, with subscription rates of 0.71 and 0.60 times respectively. The IPO was priced in the band of ₹668-704 per share, with a minimum lot size of 21 shares.

Carraro India, a tier-1 supplier of axles, transmission systems, and gears for agricultural and construction vehicles, is scheduled to list on both BSE and NSE on December 30, 2024. The company operates as a technology-driven integrated supplier developing complex engineering products for OEM customers.

Investors can check their allotment status through the BSE website by selecting “Equity” under Issue Type, choosing Carraro India Limited, and entering their application number and PAN card details. The shares are currently showing activity in the grey market around the upper price band of ₹704, though grey market premiums may not accurately indicate listing performance.

Published on December 26, 2024