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Senco Gold IPO

Gold Jewellery Retail - Listed on 14 July 2023

+35.6% listing gain
Issue Price (Upper)
Rs 317
Listing Price
Rs 430
Closing Price (NSE)
Rs 404.95
Total Subscription
73.35x

Senco Gold IPO listing summary

Senco Gold (Gold Jewellery Retail) closed its IPO window in 2023 and listed on NSE and BSE on 14 July 2023 at an upper band issue price of Rs 317, opening at Rs 430 for a listing gain of +35.6% and closing day one at Rs 404.95 (+27.7% on closing basis). The IPO was subscribed 73.35x overall - QIB 180.94x, HNI/NII 64.99x, Retail 15.46x. The total issue size was Rs 405 Cr (Fresh Issue Rs 270 Cr, OFS Rs 135 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+35.65%
Listing Gain (Close)
+27.74%
Day Change After Listing
-7.90%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB180.94x
HNI / NII64.99x
Retail15.46x
Overall73.35x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.69x
Day 22.68x
Day 3 (Final)73.35x

Senco Gold IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 60+18.93%
Day 2Rs 65+20.50%
Day 3Rs 110+34.70%
Day 4Rs 120+37.85%
Day 5Rs 115+36.28%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
18.9%-37.9%
IPOGyani AI Prediction
-
Actual Listing Gain
+35.6%

Issue & financials

Issue SizeRs 405 Cr
Fresh IssueRs 270 Cr
OFSRs 135 Cr
IPO PE13.86
Peer / Sector PE42.50
PE vs Sector Ratio0.33
Latest EBITDA (Cr)8.46
Debt / Equity1.25

Market context at listing

How the broader market moved around the Senco Gold IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return+0.64%
Nifty 1W Return+1.20%
Nifty 1M Return+4.31%
Nifty during IPO window+0.91%

Senco Gold IPO - FAQs

What was the listing gain of Senco Gold IPO?

Senco Gold IPO listed at +35.6% versus the upper issue price of Rs 317 on 14 July 2023.

How many times was Senco Gold IPO subscribed?

Senco Gold IPO was subscribed 73.35x overall. QIB portion was subscribed 180.94x, HNI / NII 64.99x and Retail 15.46x.

What was the IPO GMP for Senco Gold?

IPO GMP started at Rs 60 on Day 1 and moved to Rs 115 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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