IPO) of Carraro India will open for subscription today. The Rs 1250 crore issue, which is entirely an offer for sale of 1.77 shares, will be available for bidding till December 24.
Since the IPO is completely an OFS, the proceeds from the offer will go to the selling shareholders.
The company has fixed a price band of Rs 668-704 per share, where investors can bid for 21 shares in one lot and in multiples thereafter.
Ahead of the issue opening, Carraro India had no GMP in the unlisted market.
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