Senco Gold Limited, a leading jewellery retailer in India, has opened its initial public offering (IPO) for subscription. The IPO consists of a fresh issue of shares worth Rs 270 crore and an offer for sale (OFS) of shares worth Rs 135 crore by existing shareholders.
The price band for the IPO has been set at Rs 301-306 per share. The IPO will close for subscription on July 6, 2023.
Senco Gold IPO Details
| IPO Date | Jul 4, 2023 to Jul 6, 2023 |
| Listing Date | Friday, 14 July 2023 |
| Face Value | ₹10 per share |
| Price | ₹301 to ₹317 per share |
| Lot Size | 47 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹405.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹270.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹135.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 69,145,806 |
Senco Gold is the largest jewellery retailer in eastern India with a network of over 200 stores across 10 states. The company’s products are sold under the brand name “Senco Gold and Diamonds”.
The IPO proceeds will be used to fund the company’s expansion plans, repay debt, and for general corporate purposes.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 1,559.30 | 2,674.92 | 61.48 | 602.51 | 536.53 | 532.44 |
| 31-Mar-22 | 2,100.19 | 3,547.41 | 129.10 | 725.77 | 659.46 | 862.97 |
| 31-Mar-23 | 2,905.32 | 4,108.54 | 158.48 | 944.97 | 876.27 | 1,177.17 |
| Amount in ₹ Crore | ||||||
The listing of Senco Gold’s shares on the stock exchanges is expected to take place on Friday, 14 July 2023.
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 15.53 |
| Market Cap (₹ Cr.) | 2462 |
| ROE | 18.9% |
| ROCE | 14.2% |
| EPS (Rs) | 22.93 |
Here are some of the key takeaways from the IPO:
- Senco Gold is the largest jewellery retailer in eastern India with a network of over 200 stores across 10 states.
- The IPO consists of a fresh issue of shares worth Rs 270 crore and an offer for sale (OFS) of shares worth Rs 135 crore by existing shareholders.
- The price band for the IPO has been set at Rs 301-317 per share.
- The listing of Senco Gold’s shares on the stock exchanges is expected to take place on Friday, 14 July 2023.