Senco Gold IPO Update: Senco Gold IPO has received tremendous response from investors. Today was the last date to apply for Senco Gold’s IPO. Sonco Gold’s IPO has been subscribed a total of 73.35 times. After completing the allotment process of shares by July 11, the company will be listed on the stock exchange on July 14.
The IPO (Initial Public Offering) of Kolkata-based Senco Gold was open for applications from investors on July 4 and July 6 was the last day to invest. The company had fixed the price band of the IPO at Rs 301-317 per share. The company is going to raise Rs 405 crore through IPO. In which Rs 270 crore has been raised by issuing new shares and Rs 135 crore through offer for sale. With the amount raised from the IPO, the company will spend on completing other capital funding and on general corporate needs.
If you look at BSE Data, the company had reserved 26,91,028 shares for institutional investors, but applications have been received for a total of 181 times 48,69,08,297 shares. 20,18,273 shares were reserved for non-institutional investors and this quota has been subscribed 65 times. Means applications have been received for 13,11,62,148 shares. The reserve quota for retail investors has been subscribed 15.46 times. 47,09,302 shares were reserved for retail investors and applications were received for a total of 7,27,91,955 shares.
Senco Gold is one of the largest retail jewelry company in Eastern India. The company sells gold, diamond, platinum jewelry as well as silver jewelry. The company is also present on online platforms. If we look at the financial performance of the company, at the end of the financial year 2022-23, the company’s income was Rs 4108 crore and profit was Rs 158 crore.
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