Carraro India share listing: Stock list at Rs 660 vs IPO price of Rs 704
India TodayCarraro India made a muted debut on the stock exchanges as its shares listed at a discount on the Dalal Street. After the initial listing, Carraro India's share price showed some recovery, climbing to an intraday high of Rs 682 on both exchanges. Carraro India offered its shares at a price band of Rs 668-704 per share. According to the red herring prospectus, Carraro India competes with several listed peers, including Escorts Kubota, which has a price-to-earnings ratio of 43.21, Schaeffler India at 74.22, Sona BLW Precision Forgings at 76.93, Ramakrishna Forgings at 42.82, Happy Forgings at 47.08, and Action Construction Equipment at 50.56. The book-running lead managers for Carraro India's IPO were Axis Bank Limited, BNP Paribas, and Nuvama Wealth Management Limited.