Carraro India IPO Expected to Deliver 10x Returns Despite Initial Discount
Though mixed on the IPO price of Carraro India, priced at ₹280-₹300 per share, there is great long-term growth in it. It is part of the global Carraro Group that deals in drivetrain systems for agricultural and industrial machinery. In short, it has maintained revenue and profit CAGR of 25% respectively for the last five years and is positioned for significant gains with innovation, increased production capacity, and sustainability initiatives. The IPO focuses on debt reduction, capacity addition, and R&D investments. Though there are risks in terms of competition and economic cycles, experts feel that substantial long-term returns will be reaped, making the investment a sure shot.
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