Market News
2 min read | Updated on December 20, 2024, 10:10 IST
SUMMARY
Ventive Hospitality IPO is a fresh issue of ₹1,600 crore, which will be used to clear debt and general corporate purposes. There is no OFS component.
Carraro India's ₹1,250 crore initial share sale, with a price range set at ₹668 to ₹704 apiece, is exclusively an OFS of equity shares.
Senores Pharmaceuticals, Ventive Hospitality, and Carros India's initial public offerings (IPOs) opened for subscription on Friday, December 20.
The allotment statuses of three mainboard IPOs will likely be finalised on December 26, while listings are scheduled for December 30.
An interested investor can bid for at least 38 shares, requiring a total investment of ₹14,858.
Prior to the IPO, the company raised ₹260.63 crore from anchor investors, including ICICI Prudential Mutual Fund (MF), Mahindra Manulife MF, SBI General Insurance Company, Aditya Birla Sun Life Insurance Company, and Troo Capital.
With a price band of ₹610-₹643, investors can bid for a minimum of one lot size or 23 shares worth ₹14,789.
On Thursday, the Blackstone-backed company mobilised ₹719.55 crore in the anchor round from investors such as Government Pension Global Fund, Quant Mutual Fund, Allspring Global Investment LLC, JM Financial MF, SBI Life Insurance Company and SBI General Insurance Company.
Carraro India's ₹1,250 crore initial share sale, with a price range set at ₹668 to ₹704 apiece, is exclusively an OFS of equity shares by Carraro International SE.
Investors can apply for 21 shares worth ₹₹14,784.
The company secured ₹375 crore from anchor investors ahead of the public issue. Aditya Birla Sun Life Mutual Fund (MF), UTI MF, Motilal Oswal MF, HSBC MF, Sundaram MF, Bajaj Allianz Life Insurance Company, Kotak Mahindra Life Insurance Company, SBI General Insurance Company and Tata AIA Life Insurance Company are among anchor investors.
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