Senco Gold is coming at a good valuation (PE of 15x) and that's perhaps the only good and relevant point for this IPO. As many other members have mentioned here, gold or jewellery-based companies rarely reward shareholders (with the slightly irrelevant exception of Titan).
However, this is a carefully orchestrated IPO and there WILL be some listing gain. If not a 30% pop, it may rise by at least 10%. I see no major red flags here. I will apply to gain 1 retail lot. QIB may cross 30x. Thanks.
Dear Experts, Final call for Apply or Avoid Senco gold ipo? GMP is not sustaining, continuously fall down side. Listing gain is possible or not? Any Chance of nagative listing?
Thank you Manav Walunj for updating GMP's of all IPO's everyday here only🙌🙌🙌. I think @Chittorgarh should add one for feature of GMP in their IPO section.. What is your thought on this?