Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="1672821" type="General" weightage="20" keywordseo="senco-gold" source="Orion">Senco Gold</keyword> listed at a ₹114 premium to its IPO price on Friday.</li><li>The grey market has been expecting it to list at a 40% premium.</li><li>The IPO had received spectacular response from the investors, as it was subscribed 73x.</li></ul> Jewellery retailer Senco Gold made its debut on the bourses on Friday at ₹431 a share – that’s a 36% premium over its IPO price. However, within a few hours of the stellar listing, the stock started slipping and by the end of the day, was down by 6%. However, it’s still trading at a 27.7% premium over its IPO price. The market cap of the Kolkata-based company stood at ₹3,144 crore, as per Bombay Stock Exchange. The grey market has been expecting it to list at a 40% premium as per media reports. The IPO had received spectacular response from the investors, as it was subscribed 73 times over the shares on offer. The price band of the offer has been fixed at ₹301-₹317 per equity share. It intends to raise as much as ₹405 crore through the IPO, through sale of equity shares with a face value of ₹10 each. The company intends to use net proceeds from the fresh issue to fund working capital requirements and towards general corporate purposes. <keyword id="6812955" type="General" weightage="20" keywordseo="senco-gold-ipo" source="Orion">Senco Gold IPO</keyword> subscription details <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">180.94 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">64.98 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.45 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">73.35 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: BSE Attractively priced, say analysts Senco Gold is a pan-India jewellery retailer, selling jewellery made of gold, diamond, silver, platinum and more. It has 136 showrooms in 96 cities and towns across 13 states in India. Some of its franchisee showrooms are located in Tier-I towns that provide it greater reach in Tier-II locations, the company says in its red herring prospectus. An IPO note by SMIFS claims that the IPO is attractively priced, commanding a price to earnings multiple of 13.9x at its upper price band – lower than its peer average. “Senco is well placed to benefit from the expected growth rate in the industry, and the structural shift from unorganised to organised sector. Company has demonstrated one of the best financial performances among peers,” said SMIFS, giving it a ‘Subscribe’ rating for listing gains. The company said in its RHP that it’s a very competitive business, and it risks losing a substantial market share. Volatility in the market price of gold and diamonds can affect its income, profitability and scale of operations, it added. The company has undertaken six criminal proceedings, while it has one such proceeding against itself. There are also 44 tax proceedings against the company. Its promoters have one criminal proceeding against them and four tax proceedings. “We have been subject to a ‘search and seizure’ operation by the income tax department in the past, which has resulted in taxation and criminal proceedings being initiated against our company and our individual promoter,” the company said in its RHP. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/it-demand-is-normalising-after-pandemic-highs-says-wipro-ceo/articleshow/101731921.cms">IT demand is ‘normalising’ after pandemic highs, says Wipro CEO</a> <a href="https://www.businessinsider.in/finance/news/incessant-rains-to-add-to-inflation-woes-warn-economists/articleshow/101723012.cms">Inflation to inch higher still? Incessant rains will add to woes, warn economists</a>

Senco Gold stock slips 6% on debut day after listing at a premium

<ul><li>Senco Gold is expected to announce its share allotment status on July 11.</li><li>The shares of Senco Gold were subscribed by 77.25 times overall.</li><li>The shares are expected to be listed on the stock exchanges on July 14.</li></ul> Kolkata-based Senco Gold, a jewellery retailer, is expected to announce the allotment status of its initial public offering (IPO) today, that is July 11. The <keyword id="6812955" type="General" weightage="100" keywordseo="senco-gold-ipo" source="Orion">Senco Gold IPO</keyword> opened on July 4 and closed on July 6. The price band for the IPO was ₹301 to ₹317 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On its last day, the Senco Gold IPO was subscribed 77.25 times, receiving bids for 69.1 crore equity shares against 94.18 lakh shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 190.56 times, the non-institutional investors portion was subscribed 68.04 times. The retail portion also witnessed good participation and was subscribed 16.28 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of Senco Gold are currently commanding a grey market premium (GMP) of ₹120 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status?" comment="subhead" text="Here’s how to check the IPO’s allotment status?">Here’s how to check the IPO’s allotment status?</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="17964449" type="General" weightage="20" keywordseo="senco-gold-ipo-allotment" source="Orion">Senco Gold IPO allotment</keyword> status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>.</li><li>Click on ‘Company Selection’ and then select ‘Senco Gold’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Click on ‘Search’.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Senco Gold IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Senco Gold’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="Senco Gold listing date" comment="subhead" text="Senco Gold listing date">Senco Gold listing date</cmsannotation> The shares of Senco Gold will be listed on the stock exchanges on July 14. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-5-z-flip-5-galaxy-watch-series-6-and-more-set-to-launch-july-end/articleshow/101538049.cms">Samsung Galaxy Z Fold 5, Z Flip 5, Galaxy Watch Series 6 and more set to launch July-end</a> <a href="https://www.businessinsider.in/tech/mobile/news/motorola-razr-40-and-razr-40-ultra-flip-phones-sales-start-july-15/articleshow/101477662.cms">Motorola Razr 40 and Razr 40 Ultra flip phones: Sales start July 15 – all you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/indias-electric-two-wheeler-sales-decline-after-increase-in-prices/articleshow/101448399.cms">No FAME, no gain? India’s electric two-wheeler sales decline after increase in prices</a>

You Searched For "senco gold gmp" and got 2 results

Senco Gold stock slips 6% on debut day after listing at a premium

Katya Naidu

Senco Gold IPO allotment – How to check status, listing date, GMP and more

Sourabh Jain

Popular Keywords

Buying Guides