Introduction:
Senco Gold Limited, a pan-India jewelry retailer operating under the brand name "Senco Gold & Diamonds," is set to launch its initial public offering (IPO). With a diverse range of jewelry offerings and a strong presence in the market, Senco Gold presents an attractive investment opportunity. In this blog, we will explore the details of the Senco Gold IPO and provide an overview of the company's prospects.
About Senco Gold Limited:
Established in 1994, Senco Gold Limited is a renowned jewelry retailer in India. The company primarily deals in gold and diamond jewelry, along with jewelry made from silver, platinum, precious and semi-precious stones, and other metals. Senco Gold offers a wide variety of handcrafted jewelry designs, with over 108,000 designs for gold jewelry and more than 46,000 designs for diamond jewelry. These designs are created in-house by a team of 20 designers and manufactured in collaboration with skilled craftsmen in Kolkata and across the country.
Senco Gold caters to different customer segments through various brands and collections. Their Everlite brand focuses on lightweight jewelry, Gossip offers silver and fashion jewelry, and Aham collection provides jewelry for men. The company also has D'Signia Showrooms and Vivaha collection, targeting customers seeking premium designer jewelry and a more premium retail experience.
As of March 31, 2023, Senco Gold operates over 136 showrooms spread across 99 cities and towns in 13 states of India. The company's showrooms cover a total area of approximately 409,882 square feet.
Senco Gold IPO Details:
- IPO Date: Jul 4, 2023, to Jul 6, 2023
- Listing Date: To be announced
- Face Value: ₹10 per share
- Price Range: ₹301 to ₹317 per share
- Lot Size: 47 shares
- Total Issue Size: To be announced (aggregating up to ₹405.00 Cr)
- Fresh Issue: To be announced (aggregating up to ₹270.00 Cr)
- Offer for Sale: To be announced (aggregating up to ₹135.00 Cr)
- Issue Type: Book Built Issue IPO
- Listing Platforms: BSE, NSE
Senco Gold IPO Reservation:
- QIB Shares Offered: Not more than 50.00% of the Net offer
- NII (HNI) Shares Offered: Not less than 15.00% of the Offer
- Retail Shares Offered: Not less than 35.00% of the Offer
Senco Gold IPO Timetable (Tentative):
- Opening Date: Tuesday, 4 July 2023
- Closing Date: Thursday, 6 July 2023
- Basis of Allotment: Tuesday, 11 July 2023
- Initiation of Refunds: Wednesday, 12 July 2023
- Credit of Shares to Demat: Thursday, 13 July 2023
- Listing Date: Friday, 14 July 2023
- Cut-off time for UPI mandate confirmation: 5 PM on Jul 6, 2023
Senco Gold IPO Lot Size:
The lot size for the Senco Gold IPO is 47 shares.
- Retail (Min): 1 lot (47 shares) - ₹14,899
- Retail (Max): 13 lots (611 shares) - ₹193,687
- S-HNI (Min): 14 lots (658 shares) - ₹208,586
- S-HNI (Max): 67 lots (3,149 shares) - ₹998,233
- B-HNI (Min): 68 lots (3,196 shares) - ₹1,013,132
Senco Gold IPO Promoter Holding:
The promoters of Senco Gold Limited are Mr. Suvankar Sen, Jai Hanuman Shri Siddhivinayak Trust, and Om Gaan Ganpataye Bajrangbali Trust.
- Pre-Issue Share Holding: 76.92%
- Post-Issue Share Holding: 68.48%
Financial Performance and Key Performance Indicators:
Senco Gold has shown consistent growth in its financial performance over the years, reflecting its strong market position and customer demand. Here are some key financial indicators:
- Total Assets (Mar 2023): ₹2,905.32 Crore
- Total Revenue (Mar 2023): ₹4,108.54 Crore
- Profit After Tax (Mar 2023): ₹158.48 Crore
- Net Worth (Mar 2023): ₹944.97 Crore
- P/E (x): 15.53
- Market Cap (₹ Cr.): 2462
- ROE: 18.9%
- ROCE: 14.2%
- EPS (Rs): 22.93
Objects of the Issue:
The net proceeds from the IPO will be utilized for the following purposes:
- Funding working capital requirements of the company
- General corporate purposes
Senco Gold IPO Review and Subscription Status:
Investors may consider investing in the Senco Gold IPO with a medium to long-term perspective. The company's extensive product portfolio and strong financial performance make it an attractive proposition.
Conclusion:
Senco Gold Limited, a leading jewelry retailer in India, is all set to launch its IPO. With a wide range of jewelry offerings, a strong market presence, and consistent financial growth, Senco Gold presents an appealing investment opportunity. Investors looking to participate in the jewelry retail sector may consider evaluating the prospects of Senco Gold and make informed investment decisions. As always, it is advisable to consult with financial advisors or professionals before making any investment.
*Disclaimer: This blog is for informational purposes only and should not be considered as financial advice. Investors are encouraged to conduct their own research and consult with professionals before making investment decisions.*
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