Equity shares in Senco Gold Limited will be issued via book-built issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Senco Gold Limited is set for the week of July 4 – July 06, 2023.The issue is priced at ₹301 to ₹317 per share. The minimum order quantity is 47 Shares. With a face value of Rs. 10, each of the shares up for sale in the IPO may bring in as much as 405 Cr. for the company. Let’s learn more about their initial public offering scheduled for July of 2023.
About Senco Gold Limited
Senco Gold Limited, founded in 1994, is a pan-India jewelry retailer. Senco Gold & Diamonds is the brand name under which the products are offered. Senco Gold specializes in selling gold and diamond jewelry, as well as silver, platinum, precious and semi-precious stones, and other metals. The company also sells costume jewelry, gold and silver coins, and silver cutlery.
The company offers a variety of handcrafted jewelry designs, most of which are designed and manufactured in-house in collaboration with over 170 skilled local craftsmen in Kolkata and across the country, with a catalog of more than 108,000 designs for gold jewelry and more than 46,000 designs for diamond jewelry. As of March 31, 2023, the company employed 20 designers. The company also makes machine-made lightweight gold and diamond jewelry and sources jewelry from third-party vendors.
For Fiscal 2023, their basic showrooms have an average ticket size of 48,000.00, D’Signia Showrooms have an average ticket size of 51,000.00, and Everlite Showrooms have an average ticket size of 29,000.00. The company operates 136 showrooms totaling roughly 409,882 square feet. It consists of 70 company-operated showrooms and 61 franchisee showrooms located throughout 99 cities and towns in 13 Indian states.
Senco Gold IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 04th July 2023 |
| Issue Closes | 06th July 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 301 to Rs. 317 Per Share |
| Issue Size | 0,000 Shares (Rs 405 crores) |
| Minimum Order Quantity | 47 Shares |
| Listing | NSE, BSE |
Purpose of the Issue
The company aims to use the net revenues of the offering to fund the following projects:
- To address working capital needs.
- General Corporate Goals.
Senco Gold Limited — Company Contact Details
- Registered & Corporate Office: Diamond Prestige, 41A, A.J.C. Bose Road, 10th floor, Unit no. 1001, Kolkata – 700 017
- Telephone: +91 33 4021 5000
- Website: https://sencogoldanddiamonds.com/
Senco Gold IPO – Lead Managers of the Issue
Iifl Securities Ltd
- Office Address: Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013
- Telephone: 022-40071000
- Email: cs@iifl.com
Ambit Private Limited
- Office Address: Ambit House, 449, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013
- Telephone: 022 3982 1819
- Email: gnaipo@ambitpte.com
Sbi Capital Markets Limited
- Office Address: 202, Maker Towers ‘E’, Cuffe Parade, Mumbai 400 005
- Telephone: +91 (22) 2217 8300
- Email: corporate.office@sbicaps.com
Senco Gold IPO – Registrar of the Issue
Kfin Technologies Limited
- Telephone: 04067162222, 04079611000
- Email: sencagold.ipo@kfintech.com
- Website: https://karisma.kfintech.com/
Senco Gold Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
