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.

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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

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