Senco Gold IPO Day 2; check subscription details here

5 Jul 2023 , 03:39 PM

The initial public offer of prominent gold jewellery retailer from North East India, Senco Gold has been subscribed fully on day 2. By the end of trading session at 3.30 PM, the issue has been subscribed 1.94 times.

On the second day, the retail portion of the issue witnessed a subscription rate of 2.89 times, while the non-institutional category had a subscription rate of 2.16 times. However, bids from qualified institutional buyers were only 0.12 times of the total issue size. As of now, there have been bids for 1,91,58,469 shares, exceeding the issue size of 94,18,603 shares.

The IPO allocation for the offer is divided as follows: qualified institutional investors have a reserved portion of 50%, high net worth individuals (HNIs) will receive 15% of the shares, and retail investors will be allocated 35% of the shares.

Investors interested in participating in the IPO can place bids within the price range of Rs 301-317 per share. The minimum bid requirement is set at 47 shares per lot.

The IPO will conclude tomorrow, on July 6, and no further bids will be accepted after the closing date.