SENCO GOLD LIMITED
₹ 301 - ₹ 317
04-Jul-2023 - 06-Jul-2023
₹ 14899.00

/ 47 Shares

SENCO GOLD LIMITED

04-Jul-2023 - 06-Jul-2023

₹ 301 - ₹ 317

Price Band

₹ 14899.00

Minimum Investment

47

Bid Lot

12,776,225

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 95,140 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue of Equity shares aggregating upto Rs.270 Cr and Offer for sale of Equity shares aggregating upto Rs.135 Cr

Category % Shares/Amount
QIB 50% 6,388,012 Shares Rs. 202.50 Cr
HNI 1 5% 638,802 Shares Rs. 20.25 Cr @ 971 Forms 1x
HNI 2 10% 1,277,602 Shares Rs. 40.50 Cr @ 1942 Forms 1x
Retail 35% 4,471,609 Shares Rs. 141.75 Cr @ 95141 Forms 1x

BRLMs: IIFL Securities, Ambit Pvt Ltd, SBI Capital Market

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
95141 971 1942

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 47 ₹ 14,899
Retail (Upto 2 Lakh) 13 611 ₹ 193,687
S-HNI (2 Lakh to 10 Lakh) 14 658 ₹ 208,586
S-HNI (2 Lakh to 10 Lakh) 67 3149 ₹ 998,233
B-HNI (Above 10 Lakh) 68 3196 ₹ 1,013,132

IPO Timeline

  • Open Date

    04-Jul-2023

  • Close Date

    06-Jul-2023

  • Basis of Allotment Date

    11-Jul-2023

  • Initiation of Refunds

    12-Jul-2023

  • Credit Shares to Demat A/c

    13-Jul-2023

  • IPO Listing Date

    14-Jul-2023

Subscription as on
07-Jul-2023 07:27

Category Book Size Subscription No. of Times
QIB 2,555,205 ₹ 81.00 Cr. 244,386,229 ₹ 7747.04 Cr. 95.64x
HNI (<10 LAKH) 638,802 ₹ 20.25 Cr. 19,662,356 ₹ 623.30 Cr. 30.78x
HNI2 (>10 LAKH) 1,277,602 ₹ 40.50 Cr. 40,947,011 ₹ 1298.02 Cr. 32.05x
RETAIL 4,471,609 ₹ 141.75 Cr. 41,989,894 ₹ 1331.08 Cr. 9.39x
Total 8,943,218 346,985,490 38.80x
Category Book Size Subscription No. of Times
QIB 2,555,205 ₹ 81.00 Cr. 244,386,229 ₹ 7747.04 Cr. 95.64x
HNI (<10 LAKH) 638,802 ₹ 20.25 Cr. 19,662,356 ₹ 623.30 Cr. 30.78x
HNI2 (>10 LAKH) 1,277,602 ₹ 40.50 Cr. 40,947,011 ₹ 1298.02 Cr. 32.05x
RETAIL 4,471,609 ₹ 141.75 Cr. 41,989,894 ₹ 1331.08 Cr. 9.39x
Total 8,943,218 346,985,490 38.80x

*Excluding Anchor

Total No. of Application Approx : ~693449 (7.29 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Senco Gold Limited (“Senco”) was incorporated on August 22, 1994. Senco is a pan-India jewellery retail player with a history of more than 5 decades. Senco is the largest organized jewellery retail player in the eastern region of India based on number of stores and among eastern India based jewellery retailers, they have the widest geographical footprint in non-eastern states. Their products are sold under the “Senco Gold & Diamonds” tradename, through multiple channels, including their 70 Company Operated Showrooms and 57 Franchisee Showrooms (including 4 franchisees owned and company operated Showrooms) currently, and various online platforms.
  • ? With a catalogue offering more than 108,000 designs for gold jewellery and more than 46,000 designs for diamond jewellery, they offer a large variety of designs of handcrafted jewellery, most of which are designed and manufactured in-house by their designers in close collaboration with skilled local craftsmen (Karigars) in Kolkata and across the country.
  • Senco has a dedicated design team, comprising 20 designers as on March 31, 2023 focused on developing new products and designs that meet customers’ expectations. The manufacturing of their jewellery is carried out mainly by over 170 experienced Karigars.
  • As on March 31, 2023, they have 136 showrooms, which have a total area of approximately 409,882 sq. ft., in 96 cities and towns over 13 states across India.
  • Currently, Senco has a manufacturing facility located at the Gems and Jewellery Park, Ankurhati in Howrah, West Bengal. They undertake wholesale exports of their jewellery primarily to Dubai, Malaysia and Singapore. As at March 31, 2023, they had 2,138 employees.
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Strengths

  • The strong brand name with heritage and a legacy of over 5 decades
  • Largest organised jewellery retail player in the eastern region of India based on number of stores
  • Strong ‘Company Operated Showroom’ base complemented by an established asset-light ‘franchise’ model leading to operating leverage
  • Calibrated focus on light, affordable jewellery to cater to the upwardly mobile and younger generation
  • Established Systems and Procedures to mitigate risk and improve efficiencies

Company Promoters

Ranjana Sen is the Chairperson and Whole Time Director of the company. Suvankar Sen is the Promoter and Whole Time Director. Vivek Kumar Mathur is the Non-Executive Nominee Director. Bhaskar Sen is an Independent Director of the company Kumar Shankar Datta is an Independent Director of the company. Suman Varma is an Independent Director of the company. Joita Sen is a Whole Time Director of the company. Shankar Prasad Halder is an Independent Director of the company.

Company Financials

 

Senco Gold Limited Financial Information (Restated Consolidated)
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

Objects of the Issue

  1. Funding working capital requirements of the company, and
  2. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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