SENCO GOLD IPO

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 DateJul 4, 2023 to Jul 6, 2023
Listing DateFriday, 14 July 2023
Face Value₹10 per share
Price₹301 to ₹317 per share
Lot Size47 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 TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue69,145,806

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 EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-211,559.302,674.9261.48602.51536.53532.44
31-Mar-222,100.193,547.41129.10725.77659.46862.97
31-Mar-232,905.324,108.54158.48944.97876.271,177.17
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

KPIValues
P/E (x)15.53
Market Cap (₹ Cr.)2462
ROE18.9%
ROCE14.2%
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.

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