Senco Gold IPO subscribed 7.75 times so far on final day

6 Jul 2023 , 12:30 PM

The initial public offer (IPO) of Senco Gold is getting strong response from all investor classes. The issue has received bids for 8,01,55,539 shares against the 94,18,603 shares on offer, according to provisional exchange data by 12.15 PM. Click here to subscribe the IPO.

The retail portion was fully booked on the first day as Senco Gold IPO received 7.72 times subscription in the retail category, while the portion for Non-Institutional Investors (NII) was booked 15.90. The Qualified Institutional Investors’ (QIB) receive 4.35 times subscription by the time.

Senco Gold, a prominent jewelry retailer in India, successfully raised Rs 121.50 crore from 21 anchor investors ahead of its upcoming IPO, according to a BSE circular. The company allocated 38,32,807 equity shares at a price of Rs 317 per share to the anchor investors. Notable anchor investors include Ashoka Whiteoak Emerging Markets Trusts, Jupiter India Fund, Sundaram Mutual Funds, Bandhan Emerging Business Fund, Templeton India, and 3P India Equity Fund, among others.

Established in 1994, Senco Gold operates as a pan-India jewellery retailer, renowned for its brand name ‘Senco Gold & Diamonds.’ With a widespread presence of 136 showrooms across 96 cities and towns in 13 states, it holds the distinction of being the largest organized jewellery retailer in eastern India in terms of store count.

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