Senco Gold IPO: The initial public offering (IPO) of jewellery retail chain Senco Gold will open for subscription on July 4 and close on July 6. The allocation to anchor investors will be done on July 3.
Senco Gold IPO: Allotment & Listing Date
The allotment of shares has been scheduled for July 11, while credit of shares will be on July 13. The shares will be listed on exchanges on July 14. On the upper price band, the firm is valued at Rs 2,460 crore.
Senco Gold IPO: OFS
The issue consists of a fresh issue of Rs 270-crore and an offer-for-sale of up to Rs 135 crore by its promoter SAIF Partners India IV Ltd. SAIF Partners has 19.23 percent stake in the firm.
Senco Gold IPO: Price Band
The company has fixed the price band for the issue at Rs 301-317 per share. About 50 per cent of the offer is reserved for qualified institutional buyers, 15 per cent for non-institutional, and 35 per cent for retail investors.
Senco Gold IPO: Objective
The company proposes to utilise the proceeds from the fresh issue for funding working capital requirements and general corporate purposes.
Senco Gold IPO: About Company
Senco Gold is the largest, organised jewellery retail player in eastern India. The company primarily sells gold, diamond, platinum jewellery, and also that of silver, other precious and semi-precious stones and metals. It runs 136 showrooms across 96 cities and towns in 13 states throughout India.
The book running lead managers to the Senco Gold IPO are IIFL Securities, Ambit Pvt Ltd and SBI Capital Markets Ltd, while Kfin Technologies is the IPO registrar.
For FY23, Senco reported a revenue of Rs 4,077.40 crore as against Rs 3,534.64 crore a year ago, while its net profit for the year stood at Rs 158.48 crore versus Rs 129.10 crore last year.
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