Tue Dec 24 12:23:23 UTC 2024: ## Three Indian IPOs Conclude Today with Mixed Results
**Mumbai, December 24, 2024** – Three Initial Public Offerings (IPOs) – Senores Pharmaceuticals, Ventive Hospitality, and Carraro India – are closing today, December 24th, showing vastly different levels of investor interest.
Senores Pharmaceuticals, an Ahmedabad-based company, has experienced an overwhelmingly positive response, with its IPO oversubscribed by a staggering 92.32 times by late afternoon. The company successfully raised ₹261 crore from anchor investors prior to the IPO opening. Strong demand was seen across all investor categories, with retail investors showing particularly high interest. The ₹582 crore IPO consists of both a fresh issue and an offer-for-sale.
In contrast, Ventive Hospitality’s ₹1,600 crore IPO received a more modest response, reaching full subscription by midday but showing significantly lower overall demand than Senores. While the retail investor portion was oversubscribed, the overall subscription level was only 1.84 times. The entire issue is a fresh issue.
Carraro India’s IPO has significantly underperformed, reaching only 0.26 times subscription by late afternoon. The ₹1,250 crore IPO, which is entirely an offer-for-sale, saw weak demand across all investor categories, despite raising ₹375 crore from anchor investors before the IPO’s opening.
Investors are advised to check their subscription status and other details related to these IPOs on the respective stock exchange websites. The listing dates for these companies are yet to be announced.
First Piper 