Sanco Gold Listing: Senco Gold’s shares have been listed with a bang today and the share takers in the IPO have got huge listing gains. Shares of Senco Gold are listed on BSE and NSE today. Shares of Senco Gold Diamonds are listed on BSE at Rs 431 per share, which shows listing with 36 per cent premium. According to this, investors have gained Rs 114 per share on the shares received in Senco Gold’s IPO.
How the shares got listed on NSE
Shares of Senco Gold Diamonds are listed at Rs 430 on NSE and the price band of its shares in IPO was kept at Rs 317 per share. In this way, investors have got a profit of Rs 113 on each share due to the listing of shares of Senco Gold Diamonds.
Gray market price (GMP) got an idea of great listing
Seeing the gray market price of Senco Gold, it was believed that the IPO could be listed at a premium of 35 to 40 per cent and it happened. Senco Gold’s IPO got a great response from the investors. Senco Gold’s IPO has been subscribed a total of 73.35 times. At the same time, the company has raised Rs 405 crore from the market through IPO.
Know the important details of Senco Gold IPO
The IPO of Kolkata based company Senco Gold was open for investors on 4th July and 6th July was the last day to invest.
The company had fixed the price band of the IPO at Rs 301-317 per share.
Senco Gold Diamonds had set a target of raising Rs 405 crore through its IPO. In this, Rs 270 crore has been raised by issuing new shares and Rs 135 crore through offer for sale.
The company will use the amount raised from the IPO to meet capital funding and spend on other general corporate needs.
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