The Senco Gold initial public offering (IPO) has recorded the highest subscription after Ideaforge Technology this year so far. The Kolkata-based jewellery retailer is likely to announce the share allotment in the next couple of days, while the basis of the allotment of shares will be finalised 11 July.
The public issue was subscribed 73.35 times during 4-6 July, with interest from all kinds of investors. Qualified Institutional Investors (QIBs) played a major role in these massive subscription numbers, buying shares 181 times the allotted portion. High-net-worth individuals (HNIs) have bid 65 times the portion booked for them, and the quota reserved for retail investors was subscribed 15.5 times.
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The grey market also looks strong for the jewellery retailer. The shares were available at a 35 per cent premium over the expected issue price of Rs 317, in the grey market, reported Moneycontrol. The grey market premium (GMP) today is Rs 114, which is Rs 6 lower from its Monday’s GMP of Rs 120.
The stock will be listed on both NSE and BSE on 14 July.
Investors who participated in the public issue can check their allotment status either on the official website of Bombay Stock Exchange (BSE) or the portal of the IPO registrar.
Here’s How To Check Senco Gold's IPO allotment status on the BSE website:
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1. Bidders can log in at direct BSE link - bseindia.com/investors/appli_check.aspx
2. In issue type, select ‘Equity’
3. Enter application number or PAN Card number
4. Click at ‘I’m not a robot
5. Finally, click the Search button
On the IPO’s registrar portal:
Kfin Technologies Limited is the registrar to the issue.
1. Login at direct KFintech link - kprism.kfintech.com/ipostatus
2. Select ‘Senco Gold IPO’ from the the dropbox
3. Select Application number or DEMAT Account number or PAN Card number
4. Enter Application number
5. Enter Captcha and click on ‘Submit’ button
Your Senco Gold IPO allotment status will become available on your computer or mobile phone screen.
Senco Gold’s Rs 405 crore public issue consisted of a fresh issue of Rs 270 crore and an offer-for-sale (OFS) of Rs 135 crore by investor SAIF Partners India IV who has been an investor in the company since 2014. The price band for the offer was Rs 301-317 per share.
Equity shares will be transferred to the demat accounts of eligible investors by 13 July. The shares will be allotted proportionately due to the high demand for the issue. Eligible investors will receive at least one lot of Senco Gold, comprising 47 shares. Unsuccessful participants will get their refunds by 12 July in their bank accounts.
