| Hyundai Motors’ plan for a massive IPO in India seems to be creating a wave in the auto sector. |
Carraro Group, another major player, is potentially leveraging this positive momentum.
Focus on Indian Unit: The IPO will likely focus on Carraro India, their local subsidiary. This suggests they see growth potential in the Indian market.
Unlocking Value: By going public, Carraro Group aims to raise capital and potentially increase the value of their Indian operations.
Investment Banks on Board: Three advisors have been appointed: Axis Capital, BNP Paribas, and Nuvama Wealth Management. This indicates a serious effort towards the IPO.
Possible Structure: The IPO might involve a combination of fresh share issuance (raising new capital) and an Offer for Sale (existing shareholders selling shares).