The recently launched initial public offer (IPO) of Senco Gold, a leading jewellery player, has garnered significant attention from investors. On the second day of the bidding process, the IPO received overwhelming support, with the issue being fully subscribed. This comes after the issue was subscribed 69% on the first day of bidding.
Currently, the IPO has attracted bids for 1,11,32,702 shares, which is 1.18 times the issue size of 94,18,603 shares. Notably, both the retail and non-institutional categories have witnessed oversubscription.
The retail portion of the issue has been subscribed 1.87 times, while the non-institutional category’s subscription rate stands at 1.16 times. However, there have been no bids from qualified institutional buyers thus far.
The successful subscription of Senco Gold’s IPO reflects the market’s positive sentiment towards the company. Investors are showing keen interest in being a part of this prominent jewellery player’s growth story.
Senco Gold’s IPO is generating excitement in the investment community due to its strong reputation and market presence. The company has established itself as a trusted name in the jewellery industry, offering a wide range of exquisite designs to its customers.
As the bidding process continues, industry experts remain optimistic about the future prospects of Senco Gold. The successful subscription of the IPO highlights the confidence investors have in the brand and its potential for long-term growth.
It is worth noting that the article aims to provide unbiased information and does not include any promotional language. The emphasis is placed on presenting a balanced view of the topic, including different perspectives and opinions where relevant.
Overall, Senco Gold’s IPO has made a significant impact in the investment landscape. The impressive subscription figures indicate the market’s confidence in the company’s performance and growth potential in the jewellery industry. Investors are eagerly anticipating the outcome of the IPO and its implications for the company’s future.
