Too many IPOs at a time: Should you invest in Carraro India IPO? Too many IPOs at a time: Should you invest in Carraro India IPO? Between FY22 and FY24, the company recorded a Compound Annual Growth Rate (CAGR) of around 10 per cent in revenue and 67 per cent in net profit. Mandar Wagh / Friday, December 20, 2024 / Article rating: 3.8 Between FY22 and FY24, the company recorded a Compound Annual Growth Rate (CAGR) of around 10 per cent in revenue and 67 per cent in net profit.