Mumbai41 minutes ago
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The IPO of auto parts manufacturing company Carraro India Limited will open from December 20. Carraro India wants to raise Rs 1,250 crore through IPO. This issue will be a complete offer for sale. The company will sell 1.78 crore shares for this.
What is the minimum and maximum amount that can be invested? Carraro India Limited has fixed the IPO price band at ₹668-₹704. Retail investors can bid for a minimum of one lot i.e. 21 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 704, then you will have to invest ₹ 14,784.
Whereas, retail investors can apply for maximum 14 lots i.e. 294 shares. For this, investors will have to invest ₹ 2,06,976 as per the upper price band.
35% of the issue Part reserved for retail investors The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
The company was started in 1997 Established in 1997, Carraro India, a subsidiary of Carraro S.p.A. It started its manufacturing journey with transmission systems in 1999 and axles in 2000. The company operates two manufacturing plants in Pune.
What is IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
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