Senco Gold share allotment: Senco Gold is expected to finalise the basis of allotment of its shares today, July 11, 2023. Senco Gold shares were commanding a grey market premium of around Rs 118 - 120 on Tuesday, a 35-37% premium over the expected issue price of Rs 317 per share.
Senco Gold is expected to announce its share allotment status on July 11.The shares of Senco Gold were subscribed by 77.25 times overall.The shares are expected
The Rs 405 crore-IPO was subscribed 73.34 times at the close, driven by heavy bidding from qualified institutional buyers on the last day. The part reserved for QIBs was subscribed by 180 times.
The Rs 405-crore IPO of Senco Gold was overall subscribed 77.25 times. The issue was open for subscription between July 4-6 in the price range of Rs 301-317 per share.
Senco Gold is a pan-India jewellery retail player with a history of more than five decades. It is the largest organised jewellery retail player in the eastern region of India with 136 showrooms in 96 cities and towns across 13 states