Post Last Updates by Dheeraj Yadav: Wednesday, January 31, 2024 @ 8:47 PM
Senco Gold IPO GMP Today, Price, Review, Lot Size, Allotment News
Stay updated on all the essential details regarding the Senco Gold IPO, including its Grey Market Premium (GMP) today, price, review, lot size, allotment news, and status. Senco Gold Limited Company is set to launch its IPO subscription for $400 million or more on July 4th, 2023. Check More On sarkari Result If you are interested in investing in this IPO, make sure to be prepared for the application process when it commences.
Senco Gold IPO GMP
Keep in mind that applications will be accepted from July 4th, with the deadline for the Senco Gold IPO being July 6th, 2023. Before making a decision, take a look at the Senco Gold IPO GMP, which is expected to be around 90-95 cents per share, indicating a potentially lucrative investment opportunity. Continue reading to stay informed about the Senco Gold IPO GMP today.
Senco Gold IPO Gray Market Price
Senco Gold Limited, a well-known jewelry manufacturer, is among the noteworthy upcoming IPOs from companies preparing to list on stock exchanges. The subscription period for the Senco Gold IPO will begin on July 4th, 2023, and the deadline for submitting subscription forms is July 6th, 2023.
The promoters plan to distribute 405 crore shares, including the retail issue and the offer for sale. As per our information, the GMP for the Senco Gold IPO is expected to be in the range of 90 to 95 cents per share, indicating a potentially successful investment opportunity.
Senco Gold IPO GMP Today
The exact share price for the Senco Gold IPO, expected to be in the range of ₹301 to ₹317 per share, will be determined after the listing on the stock exchange. To participate in the IPO and secure shares, investors need to register and follow the procedures to check the Senco Gold IPO Allotment Status. Due to its profit potential, all interested investors are encouraged to apply for this IPO.
Retail investors in the Senco Gold IPO can subscribe to 47 shares in one lot for a minimum investment of ₹14,899. Retail investors can apply for one lot, equivalent to the specified minimum investment. However, they have the option to apply for up to 1 lot, which amounts to a maximum investment of ₹193,687.
Senco Gold IPO GMP Price
The Senco Gold IPO will consist of a new issue and an OFS (Offer For Sale). The book-built case will have a price band ranging from ₹301 to ₹317 per share, with each share having a face value of ₹10. The new issue component involves the issuance of 85,17,350 shares, while the OFS component comprises the issuance of 42,58,675 shares. The overall Senco Gold IPO includes the issuance of 1,27,76,025 shares, with a total issue size reaching ₹405 crore at the upper end of the price band (₹317).
Senco Gold Initial Public Offering Lot Size
Suvankar Sen, along with the Jai Hanuman Shri Siddhivinayak Trust and the Om Gaan Ganapataye Bajrangbali Trust, founded Senco Gold Limited. Following the IPO, their shareholding in the firm will reduce from 76.92% to 68.48%, allowing for increased public engagement and ownership.
The funds raised through the new IPO component will cater to the company’s working capital requirements and general corporate needs. This will provide Senco Gold with the necessary funds for day-to-day operations and the freedom to pursue strategic initiatives, explore growth opportunities, and enhance overall business activities by obtaining additional financing.
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