Calcutta-based jewellery retailer Senco Gold on Friday made a strong debut on the bourses with its shares finishing at a premium of nearly 28 per cent over the issue price of Rs 317.

While the stock opened at Rs 431, a rise of 35.96 per cent from the issue price on the BSE, it shot up 40 per cent during intra-day trades to touch Rs 443.80.

Subsequently, the counter ended at Rs 404.95 thus showing a rise of 27.74 per cent.

On the NSE, Senco Gold made its beginning at Rs 430, a rally of 35.64 per cent over the issue price. It later ended at Rs 402.70, thereby showing a gain of 27 per cent.

The positive performance on the opening day resulted in its market capitalisation standing at Rs 3,144.97 crore. In volume terms, 11.08 lakh shares of the company were traded on the BSE and over 1.51 crore shares on the NSE.

“The first day we saw price getting listed at 30-35 per cent higher premium than listing price, and we are happy at Senco to create wealth for our shareholders. It is indeed a proud moment for a company from Bengal and east India to be listed on the National Stock Exchange.

“With the successful IPO, we will be able to grow our business, number of stores, create more employment for our karigars and create innovative designs for customers,” said Suvankar Sen, MD & CEO, Senco Gold Ltd.

With inputs from Calcutta Bureau