IPOs to Watch: Senores Pharma, Ventive Hospitality, Carraro India – which is worth subscribing to?

An Initial Public Offering (IPO) marks a company’s transition from private to public ownership, enabling it to raise capital from investors and expand its operations. For Indian retail investors, IPOs present an exciting opportunity to participate in the growth stories of promising companies and potentially earn significant returns. 

The IPOs of Ventive Hospitality Limited, Senores Pharmaceuticals Limited, and Carraro India Limited are set to open on December 20, 2024, and close on December 24, 2024. With varying price bands and grey market premiums (GMPs) indicating market sentiment, these IPOs cater to diverse sectors, including hospitality, pharmaceuticals, and manufacturing, providing investors with a chance to diversify their portfolios. 

1. Senores Pharmaceuticals Limited

Senores Pharmaceuticals Limited was established in December 2017 and manufactures & develops pharmaceutical products for regulated markets like the US, Canada, and the UK, while also serving 43 emerging markets. 

The company operates with 55 products launched, three R&D facilities, and a manufacturing unit in Ahmedabad and specializes in critical care injectables and APIs. 

Senores Pharmaceuticals IPO Details 

Senores Pharmaceuticals is launching an IPO with a total issue size of Rs. 582.11 crores. The offering includes a fresh issue of 1.28 crore equity shares totaling Rs. 500 crore and an offer for sale comprising 0.21 crore equity shares amounting to Rs. 82.11 crore. 

The IPO subscription period runs from December 20, 2024, to December 24, 2024. Shares are priced within a band of Rs. 372 to Rs. 391 per share, with the minimum lot size set at 38 shares. Retail investors must invest at least Rs. 14,858 to participate. 

Senores Pharmaceuticals GMP 

The share price of Senores Pharmaceuticals Limited in the grey market was trading at a 46.04 percent premium as of December 20th, 2024. The shares in Grey Market traded at Rs. 571. This gives it a premium of Rs. 180 per share over the cap price of Rs. 391. 

Financial Highlights 

Senores Pharmaceuticals Limited’s consolidated revenue from operations has increased by 457 percent YOY from Rs. 39.02 crore in FY23 to Rs. 217.34 crore in FY24. The company’s consolidated net profit has increased by 288.02 percent from Rs. 8.43 crore in FY23 to Rs. 32.71 crore in FY24. 

2. Ventive Hospitality Limited

Ventive Hospitality Limited was established in 2002 and specializes in developing and managing luxury hotels and resorts across business and leisure segments. With 11 hospitality assets in India and the Maldives, featuring 2,036 keys, the company collaborates with global operators like Marriott and Hilton to deliver upscale experiences in prime locations. 

Ventive Hospitality IPO Details 

Ventive Hospitality’s IPO, a total issue worth Rs. 1,600 crores, comprises a fresh issue of 2.49 crore shares. The IPO subscription period runs from December 20, 2024, to December 24, 2024. 

The price band is set between Rs. 610 and Rs. 643 per share, with a minimum application lot size of 23 shares. Retail investors need a minimum investment of Rs. 14,789 to participate in the offering. 

Ventive Hospitality GMP 

The share price of Ventive Hospitality Limited in the grey market was trading at a 10.11 percent premium as of December 20th, 2024. The shares in Grey Market traded at Rs. 708. This gives it a premium of Rs. 65 per share over the cap price of Rs. 643. 

Financials Highlight 

Ventive Hospitality Limited’s consolidated revenue from operations has increased by 8.24 percent YOY from Rs. 1,762.19 crore in FY23 to Rs. 1,907.38 crore in FY24. The company’s consolidated net profit has come to a net loss, from Rs. 15.68 crore in FY23 to Rs. -66.75 crore in FY24. 

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3. Carraro India Limited

Carraro India Limited was established in 1997 and specializes in designing and manufacturing transmission systems and gears for the agricultural, construction, and automotive sectors. 

The company operates two advanced plants in Pune and Maharashtra. The company offers expertise in casting, machining, assembly, and heat treatment technologies for off-highway vehicles and diverse industries. 

Carraro India IPO Details: 

Carraro India is offering an IPO with a total issue size of Rs. 1,250 crore. The entire issue consists of an offer for sale of 1.78 crore equity shares. 

The IPO subscription window opens on December 20, 2024, and closes on December 24, 2024. The price band for the shares is set between Rs. 668 and Rs. 704 per share, with a minimum application lot of 21 shares. Retail investors need to invest at least Rs. 14,784 to participate.

Carraro India GMP 

The share price of Carraro India Limited in the grey market was trading at zero premium as of December 20th, 2024. 

Financial Highlights 

Carraro India Limited’s consolidated revenue from operations has increased by 4.22 percent YOY from Rs. 1,733.3 crore in FY23 to Rs. 1,806.55 crore in FY24. The company’s consolidated net profit has increased by 29.1 percent from Rs. 48.46 crore in FY23 to Rs. 62.56 crore in FY24. 

Written By – Nikhil Naik

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