Senco Gold IPO listing date has been fixed on 14th July 2023 and stock market experts see Senco Gold share price opening at around 40% premium against the offer price of ₹301 to ₹317
Senco Gold IPO listed at a premium of 35.6% on the NSE and BSE. The issue received strong response, with retail portion subscribed 16.28 times and total issue subscribed 77.25 times.
Kolkata-based jeweller Senco Gold s shares listed at a 36% premium on Friday following its INR4.05bn ($54.6m) initial public offering. The equity issue included a fresh issue of INR2.7bn and an offer for sale of INR1.35bn.
The Kolkata-based jewellery retailer listed at a 35.96 percent premium on July 14 at Rs 431 apiece. As of 12 noon, it traded at Rs 410, down about 5 percent from the listing price.
Senco Gold is likely to debut on the stock market at a premium of around 37%, with grey market premiums sitting at approximately INR115-120 ($1.54-$1.60) ahead of listing, according to industry sources. The INR405 crore ($54.2m) IPO was well subscribed, with the QIB-pool generating 180 times coverage.