Senco Gold IPO subscribed 54% on day 1 so far

4 Jul 2023 , 04:01 PM

The initial public offer of Senco Gold commenced on July 4 and will be open for subscription until July 6. As of day 1, the IPO has been subscribed 54%, with bids received for 50.55 lakh shares out of the total 94.18 lakh shares on offer.

By 4:00 PM on day 1, the overall subscription of the public issue reached 0.54 times, while the retail portion of the issue has been subscribed 0.92 times. In the non-institutional investor (NII) category, the subscription stands at 0.38 times.

As of March 31, 2023, Senco Gold operates 136 showrooms spanning approximately 409,882 sq. ft. across 96 cities and towns in 13 states across India. These showrooms include franchisee locations in non-metro and Tier-I areas, providing the company with a broader reach in Tier-II locations. The company employs 2,138 individuals as of March 31, 2023.