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.
Follow our LIVE blog for all the latest market updates
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.
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.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
