Senco Gold IPO: Date, Review, Price, and Allotment Details

Welcome to our comprehensive guide of Senco Gold IPO! In it we present all essential details related to their Initial Public Offering (IPO), such as its date, reviewer review price allotment allotment analysis. With their forthcoming Initial Public Offering (IPO), investors and jewelry enthusiasts are eager to know more. In this article we present all aspects of Senco Gold’s offering so as to enable informed investment decisions and facilitate planning ahead.

Senco Gold’s initial public offering (IPO) schedule has been finalized, and will launch on July 4th and conclude July 6th. With an overall target to raise approximately Rs405 crores through this offering consisting of fresh issue worth Rs270 crores plus offer for sale of up to Rs135 crores; retail investors will account for 35%, qualified institutional buyers (QIBs) 50% while high net worth individuals (HNIs) receive 15% of shares available.

Senco Gold IPO: Date, Review, Price, and Allotment Details

About Senco Gold IPO

Senco Gold and Diamonds Limited is a prominent jewelry retailer in India, boasting a rich heritage of over five decades. Our esteemed Promoter is a fourth-generation entrepreneur deeply rooted in the jewelry industry. As the leading organized jewelry retail player in the eastern region of India, we have established an extensive presence with numerous stores.

Notably, Senco Gold holds the widest geographical footprint among jewelry retailers based in eastern India when it comes to non-eastern states, as highlighted in the CRISIL Report. Our diverse range of offerings includes exquisite gold and diamond jewelry, as well as jewelry crafted from silver, platinum, precious and semi-precious stones, and various other metals. Additionally, we take pride in presenting costume jewelry, gold and silver coins, and silver utensils.

The trademarked products of Senco Gold are sold under the brand name “Senco Gold & Diamonds” through multiple distribution channels. These channels encompass 75 Company Operated Showrooms, 61 Franchisee Showrooms, and various online platforms, such as our official website, www.sencogoldanddiamonds.com.

This multi-channel approach allows us to efficiently allocate resources and capital, enabling us to expand our presence across different regions and build an omni-channel network. Our extensive catalog encompasses over 120,000 designs for gold jewelry and more than 69,000 designs for diamond jewelry. These exquisite pieces of handcrafted jewelry are predominantly designed and manufactured in-house by our talented designers, collaborating closely with skilled local craftsmen (known as Karigars) based in Kolkata and throughout the country.

Additionally, we produce machine-made lightweight jewelry in gold and diamonds, both according to our in-house designs and sourced from trusted third-party manufacturing vendors.

As of March 2023, Senco Gold operates 136 showrooms spanning an impressive total area of approximately 409,882 square feet. These showrooms are located in 96 cities and towns across 13 states in India. Notably, several of our Franchisee Showrooms are strategically situated in non-metro and tier-II locations, significantly enhancing our accessibility and reach in these areas.

Sure, here are the details of the Senco Gold IPO:

  • IPO Date: July 4-6, 2023
  • Price Band: ₹301-₹317 per share
  • Total Size: ₹405 crore
  • Fresh Issue: ₹270 crore
  • Offer for Sale: ₹135 crore
  • Retail Subscription: 16.28 times
  • QIB Subscription: 190.56 times
  • NII Subscription: 68.44 times
  • Basis of Allotment: July 11, 2023
  • Listing Date: July 14, 2023

Objects of the Issue

  • Funding working capital requirements of the Company
  • General Corporate Purposes

Senco Gold IPO Date & Price Band Details

IPO Open:July 4, 2023
IPO Close:July 6 2023
IPO Size:Approx ₹405 Crores
Fresh Issue:Approx ₹270 Crores
Offer for Sale:Approx 1,27,76,025 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹301 to ₹317 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Senco Gold IPO Market Lot

At Senco Gold IPO, retail investors may apply for up to 13 lots, which would total 611 shares and cost Rs193,687 each. The minimum market lot required of an application involves 47 shares with an application cost of Rs14,899.

ApplicationLot SizeSharesAmount
Retail Minimum147₹14,899
Retail Maximum13611₹193,687
S-HNI Minimum14658₹208,586
B-HNI Minimum683,196₹1,013,132

Read Also: IPO GMP: Stay Updated on Latest IPO Grey Market Premium and Kostak Rates

Senco Gold IPO Allotment & Listing Dates

Senco Gold will hold their initial public offering (IPO) date on July 4, and close date of July 6 with allotment being completed on July 11 and listing to occur on July 14.

Price Band Announcement:June 29, 2023
Anchor Investors Allotment:July 3, 2023
IPO Open Date:July 4, 2023
IPO Close Date:July 6, 2023
Basis of Allotment:July 11, 2023
Refunds:July 12, 2023
Credit to Demat Account:July 13, 2023
IPO Listing Date:July 14, 2023

Senco Gold IPO Form

How Can I Register For Senco Gold IPO?

To apply for Senco Gold IPO you have several options. ASBA (available within your bank account) provides one way; just login online bank login and select Senco Gold IPO as part of Invest section; another method would be downloading forms via NSE/BSE to apply via those platforms directly.

Senco Gold Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹2674.9₹2591.3₹61.4
2022₹3547.4₹3370.5₹129.1
2023 9M₹4108.5₹3892.4₹158.5

Senco Gold IPO Valuation – FY2022

Please provide me with the specific details of Senco Gold’s IPO valuations, such as Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).

Earning Per Share (EPS):₹22.93 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):18.96%
Net Asset Value (NAV):₹136.83 per Equity Share
Peer GroupSenco Gold Limited
Kalyan Jewellers India Limited
Titan Company Limited
Company PromotersSuvankar Sen
Jai Hanuman Shri Siddhivinayak Trust
Om Gaan Ganpataye Bajrangbali Trust
Senco Gold IPO RegistrarKFin Technologies Limited
Phone: +91 40 6716 2222 / 18003094001
Email: [email protected]
Website: www.kfintech.com
Senco Gold IPO Allotment Status CheckCheck Senco Gold IPO allotment status on KFin Technologies website allotment URL. Click Here
Senco Gold IPO Lead ManagersIIFL Securities Limited
Ambit Private Limited
SBI Capital Markets Limited

Company Address

  • 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: [email protected]
  • Website: www.sencogoldanddiamonds.com

Senco Gold IPO FAQs

What is Senco Gold IPO?

Senco Gold’s initial public offering (IPO) is classified as a main-board IPO. The company aims to raise ₹405 Crores through this IPO. The issue is priced within the range of ₹[.] to ₹[.] per equity share. The IPO is scheduled to be listed on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

When Senco Gold IPO will open?

The Initial Public Offering (IPO) is scheduled to commence on July 4, 2023, welcoming Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors to participate in the offering.

What is Senco Gold IPO Investors Portion?

The allocation for investors in the Qualified Institutional Buyers (QIB) category is 50%, while the Non-Institutional Investors (NII) category receives a portion of 15%. The remaining 35% is reserved for retail investors.

How to Apply the Senco Gold IPO?

To participate in the Senco Gold IPO, there are multiple convenient application processes. One way is through ASBA using your bank account; UPI via your stock brokers may also provide another approach or you could fill out and submit an offline application form directly with them.

How to Apply the Senco Gold IPO through upstox?

Log into Upstox Website or Application Console and navigate to Portfolio, then IPO (you will see “Senco Gold”) Click Bid Button; provide UPI ID, Quantity and Price and click Submit Button before Submitting Application Form IPO Applicaitons Form Now Head Back Over To UPI App on Net Banking Or BHIM App to Approve Mandate Then open Demat Account With Upstox.

What is Senco Gold IPO Size?

Senco Gold IPO size is ₹405 crores.

What is Senco Gold IPO Price Band?

Senco Gold IPO Price Band is ₹301 to ₹317.

What is Senco Gold IPO Minimum and Maximum Lot Size?

The minimum bid is 47 Shares with ₹14,899 amount while the maximum bid is 611 shares with ₹193,687.

What is the Senco Gold IPO Allotment Date?

Senco Gold IPO allotment date is July 11, 2023.

What is the Senco Gold IPO Listing Date?

Senco Gold IPO listing date is July 14, 2023. The IPO is to list on BSE and NSE.

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