Senco Gold IPO | Gets over 35% Premium in Grey Market

1. Concern raised by few brokerages: debt on its books. 2. Borrowings as of March FY23: Rs 1,177.2 crore

3. Borrowings in FY22: Rs 863 crore. 4. Borrowings in FY21: Rs 532 crore.

5. Premium in the grey market: More than 35 percent over the upper end of the price band. 6. Analysts' statement: Shared on anonymity

7. Third IPO company with substantial premium in the grey market in 2023. 8. Ideaforge Technology: 75 percent premium

9. Cyient DLM: 45 percent premium. 10. Public issue: Rs 405 crore

11. Closing date: July 6. 12. Investor response on the second day of bidding: Decent

13. Investors' subscription: 2.07 times. 14. Retail investors' subscription: 3.05 times the allotted quota

15. High-net-worth individuals' subscription: 2.34 times the allotted quota. 16. Qualified institutional investors' subscription: 14 percent of the portion set aside for them

17. Definition: Unofficial market for trading in IPO shares till the listing. 18. Purpose: Investors look at the grey market for listing price expectations.

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