Senco Gold IPO GMP fared at Rs 115/- on 5th July and is predicted to fare around Rs 100/- on 6th July- third day of the issue. The Initial Public Offering (IPO) for Senco Gold Limited opened on 4th July and will close on 6th July. The issue has been subscribed 2.68 times by the end of its second day with QIB subscriptions at 27% , HNI at 3.57 times and retail at 3.68 times. The Grey Market Premium (GMP) for Senco Gold IPO indicates a better interest than few recent ones such as PKH Ventures among the investors and more on the positive lines after ideaForge and Cyient DLM.
The gold & diamond jewelry retailer company seeks to raise Rs 405 crore through its IPO. Senco Gold has fixed its price band in the range Rs 301 to Rs 317 at a face value of Rs 10 per share and has kept the lot size at 47 shares.
Senco Gold IPO GMP price daily updates
| Date | Grey Market Premium (GMP) |
| 6th July, 2023 | to be updated |
| 5th July, 2023 | Rs 115/- |
| 4th July, 2023 | Rs 125/- |
| 3rd July, 2023 | Rs 55/- |
Market observers comment that Senco Gold IPO GMP is expected to be around Rs 100/- range over the third day. The company had offered 94.2 lakh shares and had gained demand for nearly 2.5 crore shares by the end of second day of issue. The issue is trending fairly well among non-institutional and retail investors, however, not as well as recent IPOs such as ideaForge Technology and Cyient DLM.
The finalization of basis of allotment for the IPO will be done on 11th July. The initiation of refunds will take place on 12th July and the shares will be credited to the demat accounts of the investors on 13th July.
Senco Gold IPO is poised to be listed BSE and NSE on 14th July.
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