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.
