Jewellery stocks shine as FM cuts customs duty on gold; Senco Gold, Titan, PC Jeweller jump up to 12%
In her Budget speech, the FM announced a reduction on Basic Custom Duty (BCD) on gold and silver from 10% to 6%.
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IPOs: Some Made A Killing, Others Got Butchered
While some listings fetched mouth-watering gains for investors, others lost their pants.
2024 Ahoy! 57 firms garner ₹49K cr via IPO in 2023; ₹63K cr fundraise lined up for New Year
IREDA, Cyient DLM, Tata Technologies, Netweb Technologies, and Senco Gold are top performers in terms of returns over IPO price.
Senco Gold launches India's first virtual jewellery showroom on metaverse
The virtual showroom ‘Sencoverse’ on the metaverse offers an immersive, interactive, and gamified shopping experience.
Senco Gold shares list at 36% premium; zoom up to 40% post debut
The share price of Senco Gold opened at ₹431 apiece on the BSE and ₹430 on the NSE, a premium of 36% against the IPO price of ₹317.
Senco Gold IPO subscribed 73 times on final day; QIB portion booked 181 times
The jewellery retailer received bids for over 69 crore shares as compared to 94.18 lakh shares on the offer.
Senco Gold CEO on IPO, competition in jewellery market
"Calcutta Karigari is what we want to take forward," says Suvankar Sen.
Senco Gold’s ₹405 cr IPO to open on July 4; sets price band at ₹301-₹317
The jewellery retailer’s IPO comprises fresh issue of equity shares worth ₹270 crore and an offer for sale of shares worth ₹135 crore by an existing shareholder.
