GulfHindi English Desk: Senco Gold, a leading jewelry retailer, had a strong debut in the stock market on Friday. The company’s shares saw a nearly 28% increase compared to the initial public offering (IPO) price.
On the Bombay Stock Exchange (BSE), the company’s shares started trading at Rs 431, which is 35.96% higher than the IPO price of Rs 317. The shares later reached Rs 443.80, a 40% increase from the IPO price.
In the National Stock Exchange (NSE), Senco Gold’s shares were listed at Rs 430, which is 35.64% higher than the IPO price. The shares closed at Rs 402.70 with a 27% increase.
The IPO of Senco Gold had received a tremendous response, with the subscription being 73.35 times oversubscribed. The IPO aimed to raise Rs 405 crore and had a price range of Rs 301-317.
In summary, Senco Gold had a grand performance in the stock market with its shares witnessing significant gains. Investors showed great interest in the company’s IPO, leading to a strong oversubscription. This positive response reflects the confidence and potential investors see in Senco Gold’s future prospects.
en.gulfhindi.com News Summary
👉The company Senco Gold, a retailer of jewelry, had a strong performance in the stock market.
👉The company’s shares saw an increase of about 28% on the first day compared to the initial public offering (IPO) price.
👉The shares of the company traded at 431 INR on the Bombay Stock Exchange (BSE), which is 35.96% higher than the IPO price of 317 INR.
👉The shares later reached a price of 443.80 INR, which is 40% higher than the IPO price.
👉In the National Stock Exchange (NSE), Senco Gold’s shares were listed at 430 INR, which is 35.64% higher than the IPO price. The shares closed at 402.70 INR with a 27% increase.
👉The IPO of Senco Gold received a strong response, with the subscription being 73.35 times the offer size. It raised 405 crore INR and had a price range of 301-317 INR.
👉Important information about the stock prices and IPO:
👉IPO price: 317 INR
👉Highest share price on BSE: 443.80 INR
👉Last share price on BSE: 404.95 INR
👉Highest share price on NSE: 430 INR
👉Last share price on NSE: 402.70 INR
👉IPO oversubscription rate: 73.35 times
👉IPO price range: 301-317 INR
👉Amount raised through IPO: 405 crore INR
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