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.
Always in restraint of Mrs. Crow.