IPO: Ventive Hospitality, Senores Pharmaceuticals Make Strong Debut, Carraro India Shares List At Discount

As many as 96.98 lakh shares of the company changed hands on the NSE after the stock began to trade. The total market capitalisation of Senores Pharmaceuticals Senores Pharmaceuticals stood at Rs 2,616.30 crore.The year 2024 has been a stellar one for the primary market. Indian primary markets buzzed with activity in 2024 as more than 317 companies collectively raised Rs 1.8 trillion in 2024 through initial public offers (IPOs).

As the year 2024 nears its end, the momentum seen in the primary markets was sustained as shares of three companies made their D-street debut on the NSE and BSE on December 30. Here’s a look at how shares of Carraro India Limited, Ventive Hospitality Limited and Senores Pharmaceuticals Limited performed on the BSE and NSE:

Senores Pharmaceuticals Shares Make Strong Debut

Senores Pharmaceuticals Limited shares made a strong debut on the exchanges on Monday, December 30. The stock listed on the NSE at Rs 600 apiece, up by 53.45 per cent compared to the issue price of Rs 391 apiece. The stock declined 4.5 per cent to hit an intraday low of Rs 573 apiece. On the BSE the stock listed with a premium of 51.84  per cent at Rs 593.7 apiece.

Retail investors who were allotted at least one lot or 38 shares would have made a profit of 

Rs 7,942 (Rs 600 - Rs 391 x 38 ) after the stock started trading on the exchange.

As many as 96.98 lakh shares of the company changed hands on the NSE after the stock began to trade. The total market capitalisation of Senores Pharmaceuticals Senores Pharmaceuticals stood at Rs 2,616.30 crore.

Senores Pharmaceuticals IPO: Details

Senores Pharmaceuticals IPO was worth Rs 582.11 crore and consisted of a fresh issuance of 1.28 crore shares amounting to Rs 500.00 crore along with an offer-for-sale of 21 lakh shares aggregating to Rs 82.11 crore.

The price band for the mainboard issue was Rs 372 to Rs 391 per share. The minimum lot size for applying for Mamata Machinery IPO for retail investors was 1 lot consisting of 38 shares, which aggregated to an investment of Rs 14,858. 

Senores Pharmaceuticals IPO was open for subscription from December 20 to December 24. The basis of allotment of the public issue was finalised on December 26.

The company plans to use the money raised via the public issue for setting up a manufacturing facility for production of sterile injections in the Atlanta Facility of its subsidiary Havix Group Inc. The funds will be used for the repayment and prepayment of borrowings availed by the company and its subsidiary. The proceeds will also be used for funding the working capital needs of the company.

A portion of the proceeds will also be invested in the company’s subsidiaries Senores Pharmaceuticals Inc (SPI) and Ratnatris Pharmaceutical Private Limited. The proceeds will also be used for funding inorganic growth.

Senores Pharmaceuticals Limited was incorporated in December 2017. The company develops and manufactures a range of pharmaceutical products for the markets of US, Canada, UK and emerging markets.

Ventive Hospitality Limited Shares Make Strong Debut

Ventive Hospitality Limited shares made a strong debut on Monday, December 30. The stock listed on the NSE at Rs 716 apiece, up by 11.35 per cent compared to the issue price of Rs 643 apiece. The stock gained 4.6 per cent to hit an intraday high of Rs 749 apiece on the NSE. The stock listed with a premium of 11.68 per cent on the BSE at Rs 718.15 apiece.

Retail investors who were allotted at least one lot or 23 shares would have made a profit of Rs 1,679 (Rs 716.00 - Rs 643 x 23) after the stock started trading on the exchange.

As many as 78.35 lakh shares of the company changed hands on the NSE after the stock began to trade. The total market capitalisation of Ventive Hospitality Limited stood at Rs 17,075.39 crore.

Ventive Hospitality IPO: Details

Ventive Hospitality IPO was worth Rs 1,600 crore and consisted of a fresh issuance of 2.49 crore shares.

Ventive Hospitality IPO’s price band was Rs 610 - Rs 643. The minimum lot size for applying for the Ventive Hospitality IPO for retail investors was 1 lot consisting of 23 shares, which aggregated to an investment of Rs 14,789.

Ventive Hospitality IPO’s subscription window was open from December 20 to December 24. The share allotment status of the mainboard issue was finalised on December 26.

The company plans to use the money raised via the public issue for repayment/prepayment of borrowings availed by the company and its subsidiaries and the payment of interest accrued on borrowings. The proceeds will also be used for general corporate purposes.

Ventive Hospitality Limited develops and manages high-end luxury hotels and resorts. The company has 11 operational hospitality assets in India and the Maldives as of As of September 30, 2024.The company's hotels are located in prime areas like Pune and Bengaluru, popular tourist spots such as the Maldives, and significant spiritual and cultural centres like Varanasi.

Carraro India Limited Shares Make Weak Debut

Carraro India Limited shares made a weak debut on the BSE and NSE on Monday, December 30. The stock listed on the NSE at Rs 651 apiece, down by 7.52 per cent compared to the issue price of Rs 704 apiece. The stock fell 2.74 per cent to trade at an intraday low of Rs 633.15 apiece on the NSE. The stock listed with a discount of 6.25 per cent on the BSE at Rs 660 apiece.

As many as 14.06 lakh shares of the company changed hands on the NSE after the stock began to trade. The total market capitalisation of Carraro India Limited  stood at Rs 3,676.02 crore.

Carraro India IPO: Details

Carraro India IPO was worth Rs 1,250 crore and consisted of an offer-for-sale of 1.78 crore shares.

Carraro India IPO price band was Rs 668 - Rs 704. The minimum lot size for applying for the Carraro India IPO for retail investors was 1 lot consisting of 21 shares, which aggregated to an investment of Rs 14,784.

Carraro India IPO subscription window was open from December 20 to December 24. The basis of allotment of Carraro India IPO was finalised on December 26.

The Company will not receive any proceeds from the offer and the proceeds will be received by the promoter selling shareholder.

Carraro India Ltd was incorporated in 1997. The company manufactures and sells transmission systems (axles, transmissions, and drives) for agricultural and construction equipment for off-highway vehicles.