Senores Pharma makes stellar debut; Anya Polytech IPO subscribed 440 times on day 3

Today, the stock market saw the listing of Senores Pharmaceuticals Ltd, Carraro India Ltd, and Ventive Hospitality Ltd on the BSE and NSE. Additionally, the Anya Polytech and Fertilizers IPO was oversubscribed 439.87 times on its final day of bidding. Here are the major highlights from Monday's primary market activities.

Senores Pharma and Other IPO Listings

Senores Pharmaceuticals Ltd, Carraro India Ltd, and Ventive Hospitality Ltd debuted on the BSE and NSE today.

Senores Pharmaceuticals Ltd made an impressive market debut, listing at a 53% premium at ₹600 per share on the NSE compared to its IPO price of ₹391. Despite an intraday high of ₹609.65, the stock closed at ₹562, marking a 6.33% decline due to profit booking. The IPO, open from December 24 to 27, was oversubscribed 93.4 times.

Carraro India Ltd had a less favorable start, listing at a 7.5% discount at ₹651 per share against its IPO price of ₹704. This ₹1,250-crore IPO was subscribed 1.12 times during the subscription period from December 24 to 27.

Ventive Hospitality Ltd saw a moderate listing, with its shares starting at ₹716 per piece, an 11.35% premium over the issue price of ₹643. The ₹1,600-crore IPO was oversubscribed 9.82 times from December 24 to 27.

Citichem India IPO Sees Strong Demand

The Citichem India SME IPO was highly sought after on its second bidding day, with overall subscriptions nearing 177 times. The retail segment was particularly active, being oversubscribed 266 times, while the NII segment was subscribed 86 times. This fixed-price issue, valued at ₹12.6 crore, offers 18 lakh shares at ₹70 each, with bidding closing on December 31. Citichem India shares are expected to list on the BSE SME platform on January 3, 2025.

Anya Polytech IPO Closes Strong

The Anya Polytech and Fertilizers Ltd SME IPO, worth ₹44.8 crore, was a huge success, being oversubscribed 439.87 times by the end of its third bidding day. Retail investors oversubscribed their portion 321.53 times, while NIIs subscribed over 1,100 times, and QIBs 150.79 times. This IPO is a fresh issue of 3.2 crore shares priced between ₹13 and ₹14 each, expected to list on the NSE Emerge platform on January 2, 2025.

Upcoming Indo Farm Equipment IPO

Indo Farm Equipment Ltd’s mainboard IPO is set to open for subscription tomorrow, December 31. This book-built issue aims to raise ₹260.15 crore through the fresh issuance of 86 lakh shares (₹184.90 crore) and an offer-for-sale of 35 lakh shares (₹75.25 crore). The price band is set at ₹204 to ₹215 per share, with a lot size of 69 shares. The bidding will close on January 2, 2025, with expected listing on both BSE and NSE on January 7, 2025.