Ventive Hospitality and Carraro India Announce IPOs From Dec 20

Update: 2024-12-18 05:02 GMT
Ventive Hospitality and Carraro India Announce IPOs From Dec 20
Ventive Hospitality and Carraro India have announced their initial public offerings (IPOs), both set to open on December 20 (Representational image)
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Mumbai: Pune-based Ventive Hospitality and Carraro India have announced their initial public offerings (IPOs), both set to open on December 20 and close on December 24, 2024, aiming to raise a combined total of over ₹2,800 crore.

Ventive Hospitality, an owner of hotel and office space assets in India and the Maldives backed by US-based private equity firm Blackstone, plans to raise ₹1,600 crore through a fresh issue of equity shares. The price band for the IPO is set at ₹610 to ₹643 per share with a face value of ₹1. The company intends to utilize ₹1,400 crore of the proceeds to repay debt and accrued interest for itself and its subsidiaries.

Carraro India, promoted by Italy-based Carraro International and specializing in manufacturing axles and transmission gears for tractors and construction equipment, aims to raise ₹1,250 crore. The IPO is an offer for sale by Carraro International, priced between ₹668 and ₹704 per share with a face value of ₹1. Established in 1997, Carraro India operates two manufacturing facilities and a research and development center near Pune.

Both IPOs are expected to attract significant investor interest, marking a busy period in the capital markets.

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