Carraro India collects Rs 375 cr from anchor investors ahead of IPO

Carraro India, a transmission systems manufacturer, raised Rs 375 crore from anchor investors. The IPO opens December 20-24, with shares priced at Rs 668-704. The offer comprises a Rs 1,250 crore offer for sale by Carraro International SE. The company manufactures axles and transmissions for agricultural and construction vehicles. Carraro India supplies products to major Indian and international OEMs.