Senco Gold IPO Update: Senco Gold IPO has acquired large response from traders. Today was the final date to use for Senco Gold’s IPO. Sonco Gold’s IPO has been subscribed a complete of 73.35 instances. After finishing the allotment technique of shares by July 11, the corporate can be listed on the inventory trade on July 14.

The IPO (Initial Public Offering) of Kolkata-based Senco Gold was open for purposes from traders on July 4 and July 6 was the final day to speculate. The firm had fastened the value band of the IPO at Rs 301-317 per share. The firm goes to lift Rs 405 crore via IPO. In which Rs 270 crore has been raised by issuing new shares and Rs 135 crore via supply on the market. With the quantity raised from the IPO, the corporate will spend on finishing different capital funding and on basic company wants.

If you take a look at BSE Data, the corporate had reserved 26,91,028 shares for institutional traders, however purposes have been acquired for a complete of 181 instances 48,69,08,297 shares. 20,18,273 shares had been reserved for non-institutional traders and this quota has been subscribed 65 instances. Means purposes have been acquired for 13,11,62,148 shares. The reserve quota for retail traders has been subscribed 15.46 instances. 47,09,302 shares had been reserved for retail traders and purposes had been acquired for a complete of seven,27,91,955 shares.

Senco Gold is among the largest retail jewellery firm in Eastern India. The firm sells gold, diamond, platinum jewellery in addition to silver jewellery. The firm can be current on on-line platforms. If we take a look at the monetary efficiency of the corporate, on the finish of the monetary yr 2022-23, the corporate’s revenue was Rs 4108 crore and revenue was Rs 158 crore.

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