Senco Gold IPO listing date has been fixed on 14th July 2023 and stock market experts see Senco Gold share price opening at around 40% premium against the offer price of ₹301 to ₹317
Kolkata-based jeweller Senco Gold s shares listed at a 36% premium on Friday following its INR4.05bn ($54.6m) initial public offering. The equity issue included a fresh issue of INR2.7bn and an offer for sale of INR1.35bn.
Shares of Senco saw some buying interest as the stock rose about another 3 per cent to Rs 443.80 taking the overall gains exactly to 40 per cent over the given issue price.
Jewellery retailer Senco Gold made a strong debut on the BSE, as shares opened at Rs 431, a 36% premium on IPO price. The IPO combined fresh issues and an OFS portion. The funds from fresh proceeds will be used for funding working capital and general corporate purposes.