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Senco Gold IPO is a book built issue of Rs 405.00 crores. The issue is a combination of fresh issue of 0.85 crore shares aggregating to Rs 270.00 crores and offer for sale of 0.43 crore shares aggregating to Rs 135.00 crores.
Senco Gold IPO bidding started from July 4, 2023 and ended on July 6, 2023. The allotment for Senco Gold IPO was finalized on Tuesday, July 11, 2023. The shares got listed on BSE, NSE on July 14, 2023.
Senco Gold IPO price band is set at ₹301 to ₹317 per share. The minimum lot size for an application is 47 Shares. The minimum amount of investment required by retail investors is ₹14,899. The minimum lot size investment for sNII is 14 lots (658 shares), amounting to ₹208,586, and for bNII, it is 68 lots (3,196 shares), amounting to ₹1,013,132.
Iifl Securities Ltd, Ambit Private Limited and SBI Capital Markets Limited are the book running lead managers of the Senco Gold IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Senco Gold IPO RHP for detailed information.
| IPO Date | July 4, 2023 to July 6, 2023 |
| Listing Date | July 14, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹301 to ₹317 per share |
| Lot Size | 47 Shares |
| Total Issue Size | 12,776,025 shares (aggregating up to ₹405.00 Cr) |
| Fresh Issue | 8,517,350 shares (aggregating up to ₹270.00 Cr) |
| Offer for Sale | 4,258,675 shares of ₹10 (aggregating up to ₹135.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding post issue | 77,663,156 |
Senco Gold IPO offers 12,776,023 shares. 2,555,203 (20.00%) to QIB, 1,916,404 (15.00%) to NII, 4,471,609 (35.00%) to RII 3,832,807 (30.00%) to Anchor investors. 95,140 RIIs will receive minimum 47 shares and 970 (sNII) and 1,941 (bNII) will receive minimum 658 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,832,807 (30.00%) | NA |
| QIB Shares Offered | 2,555,203 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,916,404 (15.00%) | |
| bNII > ₹10L | 1,277,602 (10.00%) | 1,941 |
| sNII < ₹10L | 638,802 (5.00%) | 970 |
| Retail Shares Offered | 4,471,609 (35.00%) | 95,140 |
| Total Shares Offered | 12,776,023 (100%) |
Senco Gold IPO raises Rs 121.50 crore from anchor investors. Senco Gold IPO Anchor bid date is July 3, 2023. Senco Gold IPO Anchor Investors list
| Bid Date | July 3, 2023 |
| Shares Offered | 3,832,807 |
| Anchor Portion Size (In Cr.) | 121.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 10, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 9, 2023 |
Senco Gold IPO opens on July 4, 2023, and closes on July 6, 2023.
| IPO Open Date | Tuesday, July 4, 2023 |
| IPO Close Date | Thursday, July 6, 2023 |
| Basis of Allotment | Tuesday, July 11, 2023 |
| Initiation of Refunds | Wednesday, July 12, 2023 |
| Credit of Shares to Demat | Thursday, July 13, 2023 |
| Listing Date | Friday, July 14, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 6, 2023 |
Investors can bid for a minimum of 47 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 47 | ₹14,899 |
| Retail (Max) | 13 | 611 | ₹193,687 |
| S-HNI (Min) | 14 | 658 | ₹208,586 |
| S-HNI (Max) | 67 | 3,149 | ₹998,233 |
| B-HNI (Min) | 68 | 3,196 | ₹1,013,132 |
| Lot Size Calculator | |||
Mr. Suvankar Sen, Jai Hanuman Shri Siddhivinayak Trust, and Om Gaan Ganpataye Bajrangbali Trust are the company promoters.
| Share Holding Pre Issue | 76.92% |
| Share Holding Post Issue | 68.48% |
Incorporated in 1994, Senco Gold Limited is a pan-India jewelry retailer. The products are sold under its brand name "Senco Gold & Diamonds".
Senco Gold primarily sells gold and diamond jewelry along with jewelry made of silver, platinum, precious and semi-precious stones, and other metals. The company also offers costume jewelry, gold, and silver coins, and utensils made of silver.
With a catalog of more than 108,000 designs for gold jewelry and more than 46,000 designs for diamond jewelry, the company offers a variety of designs of handcrafted jewelry, most of which are designed and manufactured in-house in collaboration with over 170 skilled local craftsmen in Kolkata and across the country. As on March 31, 2023, the company has a team of 20 designers. The company also manufactures machine-made lightweight jewelry in gold and diamonds and source jewelry from third-party vendors.
Through its Everlite (lightweight jewelry), Gossip (silver and fashion jewelry) brands, and Aham collection (jewelry for men) jewelry collections the company aims to cater to the younger generation and the 'upwardly mobile' of India by building brands focused on jewelry of smaller average ticket size. The company's D'Signia Showrooms and Vivaha collection aim to cater to customers seeking heavier or premium designer jewelry or a more premium jewelry retail shopping experience.
Their standard 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, each for the Fiscal 2023.
The company has over 136 showrooms which have a total area of approximately 409,882 sq. ft. It includes 70 company-operated showrooms and 61 franchisee showrooms spread across 99 cities and towns over 13 states across India.
| 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 market capitalization of Senco Gold IPO is Rs 2462 Cr.
| KPI | Values |
|---|---|
| ROE | 18.9% |
| ROCE | 14.2% |
| Debt/Equity | 1.25 |
| RoNW | 18.96% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 22.93 | |
| P/E (x) | 15.53 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive, fragmented and regulated business. However, its most comprehensive range of product portfolio keeps them in a leading position and that is expressed in its last three fiscal’s performances. Investors may consider an investment with a medium to long-term perspective in this reasonably priced issue. Read detail review...
The Senco Gold IPO is subscribed 77.25 times on July 6, 2023 7:02:00 PM. The public issue subscribed 16.28 times in the retail category, 190.56 times in the QIB category, and 68.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 190.56 |
| NII | 68.44 |
| bNII (bids above ₹10L) | 72.05 |
| sNII (bids below ₹10L) | 61.23 |
| Retail | 16.28 |
| Total | 77.25 |
Total Application : 1,426,741 (15.00 times)
| Listing Date | July 14, 2023 |
| BSE Script Code | 543936 |
| NSE Symbol | SENCO |
| ISIN | INE602W01019 |
| Final Issue Price | ₹317 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹317.00 |
| ₹431.00 |
| ₹401.40 |
| ₹443.80 |
| ₹404.95 |
| NSE |
|---|
| ₹317.00 |
| ₹430.00 |
| ₹401.20 |
| ₹444.00 |
| ₹405.30 |
Senco Gold Limited
Diamond Prestige, 41A,
A.J.C. Bose Road, 10th floor,
Unit no. 1001, Kolkata – 700 017
Phone: +91 33 4021 5000
Email: corporate@sencogold.co.in
Website: https://sencogoldanddiamonds.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sencagold.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Senco Gold IPO is a main-board IPO of 12,776,025 equity shares of the face value of ₹10 aggregating up to ₹405.00 Crores. The issue is priced at ₹301 to ₹317 per share. The minimum order quantity is 47 Shares.
The IPO opens on July 4, 2023, and closes on July 6, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Senco Gold IPO using UPI as a payment gateway. Zerodha customers can apply in Senco Gold IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Senco Gold IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Senco Gold IPO opens on July 4, 2023 and closes on July 6, 2023.
Senco Gold IPO lot size is 47 Shares, and the minimum amount required is ₹14,899.
You can apply in Senco Gold IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Senco Gold IPO will be done on Tuesday, July 11, 2023, and the allotted shares will be credited to your demat account by Thursday, July 13, 2023. Check the Senco Gold IPO allotment status.
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It’s valuation seem to be less than it’s peers.
Good time for entry?