Senco Gold IPO

Senco Gold IPO will open for subscription from 04 July 2023. the company aims for an issue size of ₹405 Cr through this IPO.

Company Overview

Full nameSenco Gold Limited
SectorDiamond & Jewellery
IndustryDiamond & Jewellery
Company Website

About Company

The company is a pan-India jewellery retail player and the largest organised player in the eastern region of India based on the number of stores. Senco Gold primarily sells gold and diamond jewellery and also sells jewellery made of silver, platinum and precious and semi-precious stones, and other metals. Its other offerings also include costume jewellery, gold and silver coins, and utensils made of silver.

Its products are sold under the “Senco Gold & Diamonds” tradename, through multiple channels, including 75 Company Operated Showrooms and 61 Franchisee Showrooms, and various online platforms. With a catalogue offering more than 120,000 designs for gold jewellery and more than 69,000 designs for diamond jewellery, Senco Gold offers a large variety of designs of handcrafted jewellery, most of which are designed and manufactured in-house by its designers in close collaboration with skilled local craftsmen in Kolkata and across the country. As on 31 March 2023, the company had a dedicated design team of 20 designers focused on developing new products and designs that meet customers’ expectations.

The Objective of the Issue

  • Funding working capital requirements of the company,
  • General corporate purposes.

IPO Timetable

IPO Opening date04 July 2023
IPO Closing06 July 2023
Basis of Allotment11 July 2023
Initiation Refund12 July 2023
Credit to Demat Account13 July 2023
Listing Date14 July 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹405 Cr
Fresh Issue₹270 Cr
Offer for sale₹135 Cr
Face value₹10 per share
Price Band₹301 to ₹317 per share
Lot size47 Shares
Retail Allocation50%
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)147₹14,899
Retail (Max)13611₹193,687
S-HNI (Min)14658₹208,586
S-HNI (Max)673,149₹998,233
B-HNI (Min)683,196₹1,013,132

Reservation Details

QIB Shares Offered2,555,203 (28.57%)
NII (HNI) Shares Offered1,916,404 (21.43%)
Retail Shares Offered4,471,609 (50.00%)

Financial Performance

 FY 2021FY 2022FY 2023
Net income60.8129.9158.0
Margin (%)2.293.683.88
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio13.16 – 13.86
RONW (%)10.6519.4318.96
ROCE (%)13.2215.5814.22

Company Promoters

  • Mr. Suvankar Sen
  • Jai Hanuman Shri Siddhivinayak Trust,
  • Om Gaan Ganpataye Bajrangbali Trust

Promoter Holding

Pre Issue Share Holding76.92%
Post Issue Share Holding68.48%

Lead Manager(s)

  • Iifl Securities Ltd
  • Ambit Private Limited
  • Sbi Capital Markets Limited

IPO Registrar

Selenium, Tower B, Plot No. 31 and 32 Financial
District Nanakramguda, Serilingampally Hyderabad,
Rangareddi 500 032 Telangana, India
Phone: +91 40 6716 2222 / 18003094001

Contact Details

Diamond Prestige, 41A, A.J.C. Bose Road,
10th floor, Unit no. 1001,
Kolkata – 700 017, West Bengal
Phone: +91 33 4021 5000

Allotment Status

Senco Gold IPO allotment will be available on KFin Tech website. Click on this link to get allotment status.

Final thoughts

Senco Gold IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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