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Senco Gold IPO sails through on Day 2 of bidding process
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Senco Gold, a prominent jewellery player, got fully subscribed on day two of the bidiing process on Wednesday. The issue was subscribed 69% at close on Day 1.
The issue has attracted bids for 1,11,32,702 shares or 1.18 times so far on Day 2 as against the issue size of 94,18,603 shares. Both retail and NII portions oversubscribed.
The retail portion of the issue was subscribed at 1.87 times, and non-institutional category's subscription rate stood at 1.16 times. There were no bids from qualified institutional buyers so far.
Read more on economictimes.indiatimes.comAbout this in other media
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Will Senco Gold deliver listing gains for investors on Friday? Here's what GMP suggests economictimes.indiatimes.com /1 year ago
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