Senores Pharma Limited made an impressive entry into the stock market. The company had set its IPO issue price at ₹391 per share, but the stock opened at ₹600, marking a significant 53.45% rise.
On the Bombay Stock Exchange (BSE), the stock was listed at ₹593.70, showing a 52% increase.
Similarly, on the National Stock Exchange (NSE), it opened at ₹600, reflecting a jump of 53.45%.
High Demand and Funds Raised
Senores Pharma’s IPO was highly successful, receiving 98 times more subscriptions than the shares available. Here’s how the subscriptions were divided:
Institutional investors: 97.84 times
Non-institutional investors: 100.35 times
Retail investors: 93.16 times
In total, the IPO attracted ₹31,171.77 crore in applications. The company raised ₹582.11 crore, which included ₹500 crore from 1.28 crore new shares
and ₹82.11 crore from 0.21 crore shares sold through the offer for sale. The price band was set at ₹372-391 per share.
Ventive Hospitality’s Positive Performance
Ventive Hospitality also had a good IPO listing. The stock opened at ₹716, a 12% increase over its issue price of ₹643. Currently, it is trading at ₹711, reflecting a 10.71% rise.
The company raised ₹1600 crore with a price band of ₹610-643 per share. The IPO was subscribed 10.33 times.
Carraro India IPO Fails to Impress
Unlike the others, Carraro India’s IPO disappointed investors. Its stock listed below the issue price of ₹704, dropping by 7.52%.
The company raised ₹1250 crore through the IPO, which was only subscribed 1.18 times.
