Carraro India's IPO sees 22% subscription on second day of bidding

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Carraro India's IPO sees 22% subscription on second day of bidding - Business Standard

Quick Summary:

Carraro India's IPO is completely an offer for sale (OFS) of shares worth Rs 1,250 crore by Carraro International SE, with no fresh issue component, according to the red herring prospectus.

The initial public offering (IPO) of Carraro India Ltd was subscribed 22 per cent on the second day of share sale on Monday.

The initial share sale received bids for 28,77,105 shares against 1,30,98,803 shares on offer, according to data available with the NSE.