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 name | Senco Gold Limited |
| Sector | Diamond & Jewellery |
| Industry | Diamond & Jewellery |
| Company Website | https://sencogoldanddiamonds.com/ |
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 date | 04 July 2023 |
| IPO Closing | 06 July 2023 |
| Basis of Allotment | 11 July 2023 |
| Initiation Refund | 12 July 2023 |
| Credit to Demat Account | 13 July 2023 |
| Listing Date | 14 July 2023 |
IPO details
| Issue type | Book 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 size | 47 Shares |
| Retail Allocation | 50% |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 47 | ₹14,899 |
| Retail (Max) | 13 | 611 | ₹193,687 |
| S-HNI (Min) | 14 | 658 | ₹208,586 |
| S-HNI (Max) | 67 | 3,149 | ₹998,233 |
| B-HNI (Min) | 68 | 3,196 | ₹1,013,132 |
Reservation Details
| QIB Shares Offered | 2,555,203 (28.57%) |
| NII (HNI) Shares Offered | 1,916,404 (21.43%) |
| Retail Shares Offered | 4,471,609 (50.00%) |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 2,660.4 | 3,534.6 | 4,077.4 |
| Expenses | 2,591.3 | 3,370.5 | 3,892.4 |
| Net income | 60.8 | 129.9 | 158.0 |
| Margin (%) | 2.29 | 3.68 | 3.88 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 9.25 | 19.37 | 22.87 |
| PE ratio | – | – | 13.16 – 13.86 |
| RONW (%) | 10.65 | 19.43 | 18.96 |
| NAV | – | – | 136.83 |
| ROCE (%) | 13.22 | 15.58 | 14.22 |
| EBITDA (%) | 7.10 | 8.17 | 8.46 |
| Debt/Equity | 0.89 | 1.19 | 1.25 |
Company Promoters
- Mr. Suvankar Sen
- Jai Hanuman Shri Siddhivinayak Trust,
- Om Gaan Ganpataye Bajrangbali Trust
Promoter Holding
| Pre Issue Share Holding | 76.92% |
| Post Issue Share Holding | 68.48% |
Lead Manager(s)
- Iifl Securities Ltd
- Ambit Private Limited
- Sbi Capital Markets Limited
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium, Tower B, Plot No. 31 and 32 Financial
District Nanakramguda, Serilingampally Hyderabad,
Rangareddi 500 032 Telangana, India
Phone: +91 40 6716 2222 / 18003094001
Email: cyientdlm.ipo@kfintech.com
Website: www.kfintech.com
Contact Details
SENCO GOLD LIMITED
Diamond Prestige, 41A, A.J.C. Bose Road,
10th floor, Unit no. 1001,
Kolkata – 700 017, West Bengal
Phone: +91 33 4021 5000
Email: corporate@sencogold.co.in
Website: www.sencogoldanddiamonds.com
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
