1 year, 6 months ago
Senco Gold IPO subscribed 2.68 times on day 2
Live MintThe ₹405-crore Senco Gold IPO has been fully subscribed on Wednesday, the second day of the bidding process as the issue received strong response from retail and non-institutional investors. The initial public offering of jewellery brand Senco Gold was subscribed 2.68 times in total as the issue received bids for over 2 crore shares as compared to 94.18 lakh shares on the offer. Senco Gold IPO opened on Tuesday, July 4, and will remain open for public subscription till July 6. The company fixed the price band at ₹301 to ₹317 per equity share for the IPO that comprises a fresh issuance of shares worth ₹270 crore and an offer-for-sale of equity shares worth ₹135 crore by investor SAIF Partners India IV.
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