Shares of Senco Gold Ltd listed at a premium on the bourses, with a 35.6% increase over the issue price.

The stock debuted at ₹430 per share on the NSE and ₹431 per share on the BSE.

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Qualified institutional buyers (QIBs) subscribed to their portion 190.56 times, and non-institutional investors (NIIs) subscribed 68.44 times.

Senco Gold is a well-known jeweler in Eastern India with a vast retail network of 136 showrooms and stores in 13 States/UTs and 96 cities.

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The company's revenue has grown at a two-year CAGR of 24%, reaching ₹4,077.40 crore in the latest fiscal year.

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Anubhuti Mishra, Equity Research Analyst at Swastika Investmart Ltd, suggests existing investors hold the shares for the long term with a stop loss at ₹387.

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Senco Gold raised ₹121.50 crore from 21 anchor investors before the IPO subscription.

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The public issue received a positive response, with the retail investors' portion being subscribed 16.28 times.

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The profit after tax has shown a CAGR of 61%, totaling ₹158.48 crore in FY23.

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