Senco Gold IPO

Senco Gold IPO 2023

Introduction:-

Senco Gold is a renowned jewelry brand that has become a household name in India. With a rich heritage spanning several decades, the company has established itself as a trusted provider of high-quality gold and diamond jewelry. Senco Gold has successfully combined traditional craftsmanship with contemporary designs, catering to the diverse tastes and preferences of its customers.

Founded in Kolkata, India, Senco Gold has grown steadily over the years, expanding its presence across multiple cities and states in the country.

Senco Gold’s commitment to superior craftsmanship, attention to detail, and customer satisfaction has been instrumental in its success. The brand prides itself on creating jewelry that not only enhances one’s beauty but also holds emotional value for its wearers.

In 2023, Senco Gold made a significant move by announcing its Initial Public Offering (IPO), allowing investors and the general public to own a part of the company. This step marks a new chapter in the company’s journey, presenting exciting opportunities for growth and expansion.

The Decision to Go Public – Senco Gold

  •  Reasons behind Senco Gold’s IPO in 2023

Senco Gold’s decision to go public in 2023 was driven by several strategic and financial factors. The company’s management and stakeholders carefully evaluated the potential benefits of listing on the stock exchanges, and these reasons include:

  • Expansion and Growth Opportunities: Going public provides Senco Gold with access to a significant influx of capital. The funds raised through the IPO can be utilized to fuel the brand’s expansion plans, open new retail outlets, and penetrate untapped markets both within India and potentially in international markets. This increased capital infusion can accelerate the company’s growth trajectory.
  • Brand Visibility and Recognition: Being a public company elevates Senco Gold’s visibility and credibility in the market. A successful IPO creates broader awareness of the brand among potential customers, investors, and partners, enhancing its overall market position.

Senco Gold IPO Timetable

EventTentative Date
Opening DateTuesday, 4 July 2023
Closing DateThursday, 6 July 2023
Basis of AllotmentTuesday, 11 July 2023
Initiation of RefundsWednesday, 12 July 2023
The credit of Shares to DematThursday, 13 July 2023
Listing DateFriday, 14 July 2023
Cut-off time for UPI mandate confirmation5 PM on Jul 6, 2023

Senco Gold IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)147₹14,899
Retail (Max)13611₹193,687
S-HNI (Min)14658₹208,586
S-HNI (Max)673,149₹998,233
B-HNI (Min)683,196₹1,013,132

Senco Gold IPO Details

IPO DateJul 4, 2023 to Jul 6, 2023
Listing Date[.]
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
Shareholding pre-issue69,145,806
OPEN DEMAT ACCOUNT