Multibagger IPO: Jewellery stock Senco Gold doubles allottees' money in four months

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Multibagger IPO: The initial public offering (IPO) of Senco Gold was launched in July 2023. The public issue was offered at a price band of 301 per share to ₹317 per equity share. The book build issue listed on BSE and NSE on 14th July 2023.

On NSE it listed at ₹430 apiece levels whereas on BSE, Senco Gold share price opened at ₹431 per share levels. Protean IPO listing date today. GMP, experts signal 'positive' debut of shares So, the jewellery stock delivered over 35 per cent return to its allottees on share listing date.

However, the jewellery stock didn't end here only. It continue to scale upside and ended at ₹683.95 per share levels on Muhurat trading session. So, if an allottee had remained invested in Senco Gold shares despite strong debut on Dalal Street, the absolure value of one's investment would have surged to the tune of 115 per cent in last four months.

Day trading guide for stock market today: Five stocks to buy or sell on Monday The book build issue opened for bidding on 4th July 2023 and the public issue worth ₹405 crore ended on 6th July 2023. Out of ₹405 crore issue size, 270 crore waas aimed from fresh issues whereas rest ₹135 crore was reserved for OFS. Sensex Today | Share Market Live Updates: Sensex, Nifty set to gain at start A bidder was able to apply for the IPO in lots and one lot wacomprising 47 Senco Gold shares.

So, minimum amount invested by a allottee in Senco Gold IPO was ₹14,899 per share ( ₹317 x 47). Stocks to Watch: Protean eGov Tech, CIL, LIC, Eicher Motors, ONGC, Biocon After strong listing on BSE and NSE on 14th July 2023, Senco Gold share price ended on NSE on listing date at ₹405.30 apiece levels. Senco Gold price today is around ₹681 per share levels.