Carraro India Limited, a subsidiary of the Italy-based Carraro Group, is a leading manufacturer of transmission systems and driveline solutions for agricultural and construction machinery. The company specializes in axles, transmissions, and components for tractors, construction equipment, and material handling vehicles.
Nuvama Wealth Management Ltd has successfully closed a transaction of INR 12,500 mn (EUR 142 mn) as the BRLM to Carraro India Limited on IPO issue. Nuvama supported Carraro through the entire IPO process, ensuring smooth execution and successful post-issue activities and garnered participation from a diverse investor set including Marquee FIIs, Mutual Funds, and Insurance Companies. Nuvama played a major role in ensuring the IPO was fully subscribed, despite a crowded market environment at the time of launch.
Advised in the sale of
Carraro India Limited (a subsidiary of Carraro Group)
to