Senco Gold IPO
Senco Gold Limited (SENCO) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 14 July 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +49.1% (likely range +27% to +78%), day's high +65.1%, chance of a gain 92%. Actual: +35.6% at the open, +40.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 26,91,028 | 48,69,08,297 | 181x | |
| NII (HNI) total | 20,18,273 | 13,11,62,148 | 65.0x | |
| Big NII (above ₹10 lakh) | 13,45,515 | 9,20,45,223 | 68.4x | |
| Small NII (₹2-10 lakh) | 6,72,758 | 3,91,16,925 | 58.1x | |
| Retail | 47,09,302 | 7,27,91,955 | 15.5x | |
| Total | 94,18,603 | 69,08,62,400 | 73.4x |
Bids on NSE and BSE together, as published by NSE, as of 06 Jul 2023, 07:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Senco Gold's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
| FSN Ecommerce VenturesNov 2021 | 91.2x | 112x | 12.2x | 81.8x | — | +79.4% | +99.8% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
| Ami OrganicsSep 2021 | 86.6x | 155x | 13.4x | 64.5x | ₹569 Cr | +49.2% | +58.5% |
| Prataap SnacksSep 2017 | 76.9x | 101x | 8.48x | 47.4x | ₹485 Cr | +35.4% | +40.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| IIFL Securities | 94 | +19.3% | 71% |
| Ambit | 13 | +24.3% | 69% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Senco Gold IPO price band and lot size? ₹301–317 per share, with a lot of 47 shares, so the smallest retail bid is ₹14,899.
How many times has it been subscribed? 73.4x overall: QIB 181x, NII 65.0x, retail 15.5x.
How did it list? It opened at ₹430, +35.6% against the issue price of ₹317, and closed its first day +27.9%.
