Carraro India Ltd Share Price

(CARRARO)

Carraro India Limited was incorporated as Carraro India Private Limited on April 11 1997 as a Private Limited Company issued by the Registrar of Companies Delhi. Pursuant to allotment of Equity Shares by the Company the Board passed a resolution on September 30 1997 wherein Company became a deemed public company and the name was changed to Carraro India Limited with effect from September 3 1997 pursuant to a Certificate of Incorporation endorsed by the RoC Delhi to that effect. Subsequently the Company was reconverted into a Private Limited Company and the name was changed to Carraro India Private Limited dated March 16 2009 issued by the RoC. Subsequently on the conversion of Company to a Public Limited Company the Company name was changed to Carraro India Limited and a fresh Certificate of Incorporation dated August 12 2024 was issued by the RoC.The Company is a technology driven integrated supplier that develops complex engineering products and solutions for OEM customers. It provide a diverse products including axles and transmission systems of different HP ranges for offhighway vehicles in the agricultural tractor and construction vehicle sectors as well as gears shafts and ring gears for industrial and automotive vehicles.The Company is engaged in manufacture of mechanical transmissions clutches hydraulic lifts and planetary drives axles for agricultural tractors and construction equipment including components parts and spares thereof. The Company has its manufacturing facilities located in Ranjangaon at Pune.Pursuant to Scheme of Amalgamation approved by the High Court at Judicature at Bombay vide its order dated August 28 2014 Turbo Gears India Private Limited TGIPL the fellow subsidiary got merged with the Company w.e.f. April 1 2013. In terms of the said Scheme of of Amalgamation erstwhile shareholders of Turbo Gears namely Carraro Drive Tech S.p.A. and Siap S.p.A. were allotted 0.06 Equity Shares bearing face value of Rs 10 each of the Company for every 1 fully paidup equity share bearing face value of Rs 10 each held by such shareholder in Turbo Gears. Accordingly 5759994 Equity Shares and 6 Equity Shares were allotted to Carraro Drive Tech S.p.A. and Siap S.p.A. respectively as consideration for the amalgamation.In 2016 the Company launched steering axle applicable for 4WD vehicle launched steering portal axle in 2022 and T135 transmission system launched in 2023. The Company acquired 99 shareholding in Carraro Technologies India Private Limited and it has become a subsidiary of the Company with effect from June 28 2024.The Company is planning an IPO to raise capital from public aggregating upto Rs 1811.65 Crore Equity Shares through Offer for Sale..

Share Price: ₹530.50 per share as on 22 Jan, 2025 04:01 PM
Market Capitalisation: ₹3,157.82Cr as of today
Listing date: 30 Dec, 2024