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Senco Gold shares list at a 35.6% premium

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Senco Gold Ltd shares listed at a premium of 35.6% on NSE and BSE, reaching ₹430 and ₹431 per share respectively.

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The IPO received a positive response, subscribed 77.25 times overall; retail investors' part was subscribed 16.28 times, QIBs 190.56 times, and NIIs 68.44 times.

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The IPO consists of fresh issuances worth ₹270 crore and an offer-for-sale of shares by SAIF Partners India IV worth ₹135 crore.

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Senco Gold intends to use the IPO proceeds for business needs and working capital requirements; it raised ₹121.50 crore from 21 anchor investors before IPO.