Senco Gold IPO: What GMP signals ahead of share allotment date

livemint.com:

Senco Gold IPO: After closure of subscription, all eyes are now set on Senco Gold IPO allotment date, which is most likely on 11th July 2023 i.e. on Tuesday. As share allocation process is going to begin shortly, bidders are advised to check Senco Gold IPO allotment status online by logging in at BSE website or at the website of its official registrar — KFin Technologies Ltd.

Ahead of share allotment date, shares of Senco Gold Ltd are trading at a premium of ₹120 in grey market today, say market observers. According to market observers, Senco Gold IPO grey market premium (GMP) today is ₹120, which means grey market is expecting that Senco Gold IPO listing price would be around ₹437 ( ₹317 + ₹120). This means, grey market is expecting over 35 per cent listing gain from the public issue.

The public issue was offered at a price band of ₹301 to ₹317 per share. As mentioned above, bidders can check Senco Gold IPO allotment status online by logging in at BSE website or at the KFin Tech website. However, for more convenience, they can login at direct BSE website — bseindia.com/investors/appli_check.aspx or at direct KFin Tech website — kprism.kfintech.com/ipostatus.

1] Login at direct BSE link — bseindia.com/investors/appli_check.aspx; 2] Select 'Equity' in issue type; 3] Write Application Number or PAN Number whichever you have; 4] Click at 'I'm not a robot'; and 5] Click at 'Search' button. Your Senco Gold IPO allotment status will become available on your computer monitor on the display of your cell phone. 1] Login at direct KFintech website — kprism.kfintech.com/ipostatus; 2] Select 'Senco Gold IPO'; 3] Select 'Application Number', 'Demat Account' or PAN (For convenience, here we are taking Application Number); 4] Enter