Senco Gold IPO opens for subscription; Check live subscription status on day 1

4 Jul 2023 , 01:02 PM

The initial public offer (IPO) of Senco Gold has opened for subscription on July 4^th, 2023. The IPO was subscribed 28% by 12.48 PM. Click here to subscribe the IPO.

On day one of bidding, its retail portion has been subscribed 0.48 times. The issue has been subscribed 0.18 times in NII category.

The company has reserved 50% of the equity shares for qualified institutional bidders (QIBs), while non-institutional investors (NIIs) will get 15 per cent of the allocation. Remaining 35 per cent of the equity shares will be allocated to the retail investors.

The gold and diamond jewellery seller company, Senco Gold, has set the price range for its initial public offering (IPO) at Rs 301 to Rs 317 per equity share. The public offer intends to list the company’s shares on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Prior to the initial public offering (IPO), the company has successfully raised Rs 121 crore in the anchor round. This round witnessed the participation of esteemed investors such as Nippon Mutual Fund, White Oak, Jupiter Asset Management, Bandhan Mutual Fund, 3P India Equity Fund, and others.

Senco Gold IPO important details:

Open date	4 July 2023
Close date	6 July 2023
Lot size	47 Shares
IPO size (Rs crore)	Rs 405 crore
IPO price range (Rs)	Rs 301 to Rs 317
Minimum investment	Rs 14,899
Basis of allotment date	11 July 2023
Refunds date	12 July 2023
Credit to demat account date	13 July 2023
Listing date	14 July 2023