Carraro India Ltd. has introduced a worth band of Rs 668 to Rs 704 per share for its preliminary public providing (IPO), scheduled to open on December 20 and shut on December 24. The IPO, a pure supply on the market, has been downsized to Rs 1,250 crore from Rs 1,811.652 crore initially introduced in August. Proceeds from the IPO will completely profit the promoter, Carraro Worldwide SE, after deducting supply bills and taxes, because the founder sells its stake at a face worth of Rs 10 per share.
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