Multibagger IPO: Jewellery Stock Senco Gold Doubles Allottees’ Money In 4 Months

Here we are sharing a piece of big news with you the Senco Gold initial public offering (IPO) was established in July 2023. The public issue has been presented at a price band of 301 per share to ₹317 per equity share. A multi-bagger stock is an equity stock that gives a return of over 100%. Since the news has come on the internet and it has gone viral on the social media platforms. Now many people are super curious to know about the whole information. Here we have more information about the news and we will share it with you in this article.

Plaza Wires IPO allotment

The book makes issues listed on BSE and NSE on 14th July 2023. On NES it is listed at ₹430 apiece level whereas, on BES, Senco Gold’s share price opened at ₹431 per share level. So, the jewelry stock delivered more than 35% return to its allottees on the share listing date. But, the jewelry stock did not end here only. It continues to rise upside and finished at ₹683.95 per share levels on the Muhurat trading session. Scroll down to the next page for more information about the news.

So, if an allottee had remained ingrained in Senco Gold shares despite a strong debut on Dalal Street, the absolute value of one’s investment would have drowned to the tune of 115% in the previous four months. Now this news has been making headlines on the internet as are keen to know about Senco Gold’s share price history. The book made issue unlock for bidding on 4th July 2023. Out of ₹405 crore issue size, 270 crore was sought at issues whereas the rest ₹135 crore was reserved for OFS. You are on the right page for more information about the news, so please read the complete article.

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As far as we know, a bidder was able to apply for the IPO in lots and one lot comprising 47 Senco Gold shares. So, the minimum quantity invested by an allottee in Senco Gold IPO was ₹14,899 per share ( ₹317 x 47). Following strong listing on BSE and NSE on 14th July 2023, Senco Gold’s share price today is around ₹681 per share level. This indicates that if an investor had remained invested in Senco Gold shares despite a strong debut on Dalal Street, its net return on one’s money would have been around 115 %. Here we have shared all the information about the news. Stay tuned to us for more updates.

Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.