stock market today 3 IPOs were listed in. Senors Pharmaceuticals had the best performance among these three IPOs. It gave an excellent return of 53 percent to its investors. At the same time, Vantiv Hospitality’s IPO gave a listing gain of 12 percent to the investors, while Carraro India caused loss to its investors. Carraro India’s IPO got listed in the stock market with a decline of 7.52 percent. Let’s take a look at the IPOs listed today.
Strong entry of Senors Pharmaceuticals
Drug producer Senors Pharmaceuticals Limited made a strong entry in the stock market today. The company’s shares were listed on the market on Monday with a rise of more than 53 percent from its issue price of Rs 391. The stock was listed at Rs 593.70, up 51.84 per cent, on BSE. Later it reached Rs 609 with a gain of 55.75 percent. On NSE it opened at Rs 600 with a gain of 53.45 per cent. The market valuation of the company stood at Rs 2,657.29 crore. The Rs 582 crore initial public offering (IPO) of Senors Pharmaceuticals Ltd was subscribed 93.69 times on the last day of bidding on Tuesday.
Carraro India gave a shock
Shares of Carraro India Ltd were listed on the market on Monday with a decline of 7.52 per cent from its issue price of Rs 704. The share was listed at Rs 660 on BSE, marking a decline of 6.25 per cent from the issue price. Later it slipped 10 percent to Rs 633.30. The stock was listed at Rs 651, down 7.52 per cent, on the NSE. The market valuation of the company stood at Rs 3,679.15 crore. Carraro India Ltd’s Rs 1,250 crore initial public offering (IPO) was subscribed 1.12 times on the last day of bidding. The price range for the IPO was fixed at Rs 668-704 per share. Carraro India Limited manufactures transmission systems for off-highway vehicles and agricultural and manufacturing equipment.
Marginal listing gain in Vantive Hospitality
Shares of Vantiv Hospitality Limited were listed on the market on Monday with a rise of about 12 percent from its issue price of Rs 643. The stock was listed at Rs 718.15 on BSE, up 11.68 per cent. Later it rose 16.45 percent to Rs 748.80. It opened at Rs 716 with a gain of 11.35 per cent on NSE. The market valuation of the company stood at Rs 16,931.77 crore. The Rs 1,600 crore initial public offering (IPO) of Ventiv Hospitality Ltd was subscribed 9.82 times on the last day of bidding on Tuesday. The price range for the IPO was fixed at Rs 610-643 per share.
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