Senco Gold IPO Subscribed 2.68 Times On Day 2

Senco Gold ltd. launched its initial public offering on Tuesday. The jewellery retailer is looking to raise a total of Rs 405 crore, out of which Rs 270 crore will be raised through fresh issue. The IPO was subscribed 69% on day one. The initial public offering became fully subscribed Wednesday.

The pan-India jewellery retailer has raised Rs 121.50 crore from 21 anchor investors at Rs 317 per share, including five domestic mutual funds through a total of 11 schemes, according to a BSE circular.

• Issue opens: July 4.

• Issue closes: July 6.

• Total issue size: Rs 405 crore.

• Face value: Rs 10.

• Offer for sale: Rs 135 crore.

• Shares for OFS: 42,58,675.

• Price band: Rs 301–317 per share.

• Lot size: 47 shares.

• Listing: BSE and NSE.

The funds will be used for the following purposes:

• Funding working capital requirements of the company: Rs 196 crore

The IPO has been subscribed 2.68 times as of 5:00 p.m. on July 5.

• Institutional investors: 0.27 times, or 27%.

• Non-institutional investors: 3.58 times.

• Retail investors: 3.67 times.