Senco Gold Ltd IPO

Senco Gold Ltd IPO

Diamond, Gems and Jewellery

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Bidding period

04 Jul 2023 - 06 Jul 2023

Bid price

₹317.00 - ₹317.00

Listing on

BSE, NSE

Listing date

14 Jul 2023

Lot size

47 shares

Issue size

₹405.00 crore


Minimum investment

₹14,899.00 / 1 lot

Maximum investment

₹1,93,687.00 / 13 lot

Bidding closed on 06 Jul 2023

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Senco Gold Ltd IPO dates

IPO opening date

04 Jul 2023

IPO end date

06 Jul 2023

Allotment date

11 Jul 2023

Initiation of refunds

12 Jul 2023

Credit of shares to demat

13 Jul 2023

IPO listing date

14 Jul 2023

Senco Gold Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹3,722.66
Total liabilities ₹3,722.66
Total expenditure ₹5,034.15
Total revenue ₹5,283.68
Profit after tax ₹181.00
EBITDA ₹417.75
Adjusted EBITDA ₹0.00

Senco Gold Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 74.71 0.0
Public group 25.29 0.0

Senco Gold Ltd strengths and risks

Information currently unavailable

  • The Company has a strong brand name with heritage / legacy of over five decades;

  • Largest organised jewellery retail player in the eastern region of India based on number of stores.

  • Strong `Company Operated Showroom' base;

  • Established asset-light `franchise' model leading to operating leverage;

  • Calibrated focus on light, affordable jewellery with the intention to cater to the upwardly mobile and younger generation;

  • Established Systems and Procedures to mitigate risk and improve efficiencies;

  • Experienced management team and institutional investor support.

  • The company face significant competition in the Indian jewellery market, its risk losing substantial portion of the company customers and its market share which will adversely affect its business, financial condition, results of operations and prospects.

  • The Company requires significant amounts of working capital for continued growth. Its inability to meet the company working capital requirements, on commercially acceptable terms, may have an adverse impact on its business, financial condition and results of operations.

  • The company obtain gold on loan basis, which remains subject to RBI regulations. Any adverse change in the regulations governing gold on loan basis may adversely affect its financial condition and results of operations.

  • A significant portion of the company manufacturing work is done by Karigars who do not work exclusively for it which exposes it to any risks/adverse developments affecting the Karigars.

  • The company has been subject to a 'Search and Seizure' operation by the income-tax department in the past, which has resulted in taxation and criminal proceedings being initiated against the Company and its Individual Promoter. The company has also been subject to an on spot search from the Directorate General of Central Excise Intelligence, Kolkata along with show cause notice. Further, a search has been conducted by the customs department at its Registered and Corporate Office in relation to an investigation against one of its Job Worker and vendor and a spot summons was issued to the Company. Any adverse outcome of such proceedings might have an adverse effect on its business, financial condition and results of operations.

  • The company relies in part on its franchisees, and if its franchisees cannot develop or finance new showrooms or build them on suitable sites, open them on schedule or manage them successfully, or if the company is are unable to renew its existing franchisees or secure new franchisees on commercially acceptable terms, its growth and success may be affected.

  • The company may not be successful in implementing its brand building, marketing and advertising initiatives for the company brands. Any fall in its brand's reputation and market perception "Senco Gold and Diamonds", may adversely affect the company business, results of operations and prospects.

  • The company income and sales are subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on its results of operations.

  • Differing regulatory views on various jewellery purchase schemes initiated by the company may have adverse implications on the Company and/or its Directors under applicable laws; and in particular, the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014, as amended.

  • The non-availability or high cost of quality gold and diamonds may have an adverse effect on its business, results of operations, financial condition and prospects.

How to check the allotment status of the Senco Gold Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Senco Gold Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Senco Gold Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Senco Gold Ltd IPO registrar

KFin Techologies Ltd

Phone number +91 40 6716 2222
E-mail ID sencogold.ipo@kfintech.com
Website www.kfintech.com

Senco Gold Ltd IPO reservation

QIB shares offered

67,27,575 (50.0%)

NII (HNI) shares offered

20,18,273 (15.0%)

Retail shares offered

47,09,302 (35.0%)

Anchor investor shares offered

0 (0.0%)

Total shares offered

1,34,55,150

Total shares with anchor investor

1,34,55,150

Senco Gold Ltd IPO lead manager

  • IIFL Securities Ltd
  • Ambit Pvt Ltd
  • SBI Capital Markets Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Senco Gold Ltd IPO?

The listing date for the Senco Gold Ltd IPO is 14 Jul 2023.

What is the issue size of Senco Gold Ltd IPO?

The issue size of the Senco Gold Ltd IPO is ₹405.00 cr.

What is the minimum lot size needed for Senco Gold Ltd IPO?

The minimum lot size for Senco Gold Ltd IPO is 47

When does the Senco Gold Ltd open and close?

Senco Gold Ltd IPO is open from 04 Jul 2023 to 06 Jul 2023.

How can I apply for the Senco Gold Ltd IPO?

To apply for the Senco Gold Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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