Senco Gold IPO: Subscription update, listing date, other key details to know

Jewellery retailer Senco Gold's IPO, worth an estimated Rs 405 crore, was fully subscribed so far on Thursday, the third and final day of the bidding process. Senco Gold shares are likely to be listed on bourses BSE and NSE on July 14.

The Senco Gold IPO hit Dalal Street on July 4, and will close on July 6. | Image: Sencogoldanddiamonds.com

Jewellery retailer Senco Gold's initial public offer (IPO), to raise up to Rs 405 crore, was subscribed 2.7 times so far on Thursday, the third and final day of the bidding process. The Senco Gold IPO comprises fresh issuance of shares up to Rs 270 crore and an offer for sale (OFS) worth Rs 135 crore. The IPO will be open for two more trading days, till July 6.

By the end of the day, the Senco Gold IPO received bids for 2,5 crore shares against the 94.2 lakh shares on offer, according to provisional exchange data. Here's how different types of investors responded to the issue:

Category	Reservation	Subscription
Qualified institutional buyers (QIB)	50%	27%
Non-institutional investors (NII)	15%	3.6 times
Retail investors	35%	3.7 times
Overall	100%	2.7 times

EDITOR'S TAKE | What Anil Singhvi recommends on the Senco Gold IPO

Zee Business Managing Editor Anil Singhvi suggests applying for the Senco Gold IPO for listing gains as well as for the long term.

Senco Gold IPO: Issue price, lot size, listing date, other important details to know

Under the IPO, potential investors will be able to bid for shares at Rs 301-317 apiece in multiples of 47 shares, translating to Rs 14,147-14,899 per lot.

The basis of the allotment of shares is likely to be finalised on July 11 and the credit of shares on July 13.

Meanwhile, Sebi has halved the time for listing of shares to T+3 (three days) days, a change to be implemented in two phases. The new rule will be applicable to all public issues commencing on or after September 1, 2023.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

Senco Gold IPO: Subscription update, listing date, other key details to know

Jewellery retailer Senco Gold's IPO, worth an estimated Rs 405 crore, was fully subscribed so far on Thursday, the third and final day of the bidding process. Senco Gold shares are likely to be listed on bourses BSE and NSE on July 14.

EDITOR'S TAKE | What Anil Singhvi recommends on the Senco Gold IPO

Senco Gold IPO: Issue price, lot size, listing date, other important details to know

RECOMMENDED STORIES

Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits

Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?

EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know

Delhi AQI Today: Air quality index level drops; city records season's lowest temperature

Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme

Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404

Adani group stocks nosedive: Buy or Sell? Here's what Anil Singhvi says

SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations

Tamil Nadu Weather News: Heavy rain likely in TN, orange alert issued for Nov 26

Stocks to buy: Hindustan Aeronautics, Zomato, Tata Tech, GMR Airports among analysts' top picks