Mon Dec 23 13:52:45 UTC 2024: ## Three Indian IPOs See Mixed Day 2 Subscription Rates

**MUMBAI, INDIA** – Three initial public offerings (IPOs) – Ventive Hospitality, Carraro India, and Senores Pharmaceuticals – are vying for a combined Rs 3,432.11 crore (approximately $415 million USD) in investment before their closing date on December 24th. While Day 2 subscription rates showed a mixed bag, one IPO significantly oversubscribed.

Ventive Hospitality, a Pune-based company, saw its IPO 1.06 times subscribed by Monday afternoon. The retail investor portion was oversubscribed by 1.43 times, while QIBs subscribed 1.05 times. A grey market premium (GMP) of Rs 25-30 suggests a potential listing gain of 4-5%.

Carraro India, also based in Pune, fared less well, reaching only 18% subscription by Monday afternoon. Retail and NII portions were at 31% and 14% respectively, with QIBs showing no subscriptions. The company saw no grey market premium.

In contrast, Senores Pharmaceuticals, based in Ahmedabad, significantly outperformed expectations, with a 10.43 times oversubscription by Monday afternoon. Retail investors oversubscribed by 28.62 times, and NIIs by 18.44 times. A substantial GMP of Rs 220 indicates a potential listing pop exceeding 55%.

All three IPOs are scheduled to close on December 24th. The differing subscription rates reflect the diverse investor appetite across these companies.

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