Carraro India shares fall as shareholder lock-in ends; 2.8 crore available for trading

The shares made a lacklustre stock market debut on December 30 by listing 7.5 percent below the IPO price.

Shares of Carraro India Ltd, an auto component maker, fell by over a percent to Rs 434 on Thursday, June 26, as the lock-in period for pre-IPO shareholders ends, making nearly half of the company’s equity eligible for trading.

Around 2.8 crore shares—equivalent to 49 percent of Carraro India's total outstanding stock—can now be sold in the open market. At Wednesday’s closing price of Rs 441, this translates to a potential float of roughly Rs 1,234 crore. However, the end of the lock-in period only means the shares are eligible for sale; it does not necessarily indicate immediate offloading by shareholders.

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The development comes as the stock attempts to recover lost ground. Carraro India closed nearly 3 percent higher on Wednesday. Even so, the stock remains under pressure, down about 40 percent from its issue price of Rs 704.

Last month, in an interview with CNBC-TV18, the company’s management reiterated its confidence in delivering 8–10 percent revenue growth in FY26. Carraro India has set a long-term revenue target of Rs 3,100 crore by 2030, with plans to improve margins by 100 basis points annually over the next three years. Margins for FY26 are expected to hold steady compared to the previous year.

Also read: Indian quick commerce market to hit $30 billion by FY30 amid mobile-first consumption boom: Bessemer report

The shares made a lacklustre stock market debut on December 30 by listing 7.5 percent below the IPO price. The IPO sailed through on the third and final day of the share sale on December 24, led by qualified institutional buyers (QIBs).

Carraro India's IPO was completely an offer for sale (OFS) of shares worth Rs 1,250 crore by Carraro International SE, with no fresh issue component.

Carraro India shares have had a tough run in 2025, down over 30 percent since the beginning.

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