Jewellery retailer Senco Gold has filed a draft red herring prospectus (DRHP) with market regulator SEBI to bring an initial public offer (IPO). According to the draft draft Red Herring Prospectus filed to SEBI, this public issue will be Rs. 600 crores. Senco Gold is in the business of selling gold and diamond jewellery. Simultaneously, Senco Gold Silver also sells jewelery made of platinum and Precious and Semi Precious Stone and Metal.
The company has filed the draft red herring prospectus (DRHP) with the market regulator on August 20. The company wants to raise Rs 600 crore from the IPO.
The company says that it will use the proceeds from the IPO for several works including expansion. These include opening new showrooms, operating their operations, supply of working capital and other corporate needs.
The company has appointed IDFC Bank, ICICI Securities, IIFL Holdings, Emkay Global Financial Services and YES Securities as the Chief Manager. while Karvy Computershare Private Limited has been selected for the Registrar.
The company will list its shares on both BSE and NSE, on the stock exchanges. According to the figures for June 30, 2018, the number of employees of the company is 1,290.
At present, the company has 93 showrooms in 72 cities. Most of the showrooms of the company are from ‘Senco Gold and Diamonds’ trademark. Apart from this, the company is also active in franchisees based business. Senco Gold has 48 company operated showrooms, while 45 showroom franchises are based.
Of the 93 showrooms, 60 are in West Bengal. Six in Uttar Pradesh, five in Odisha, four in Jharkhand, three showrooms in Karnataka, Maharashtra and Assam. Apart from this, two-two in Delhi and Bihar, while in Telangana, Chhattisgarh, Haryana, Madhya Pradesh and Tripura the company has one showroom.
Use of the money raised from the IPO
Sanko Gold’s IPO plans to raise Rs 600 crore The company will use the money collected from the IPO for the opening of new showrooms, working capital needs and other corporate purposes. From this offer the company will get the benefit of listing equity shares on the stock exchanges.
Senco Gold IPO Reviews & Recommendations:
- To Be Updated Soon…
Senco Gold IPO & Issue Details
|Issue Price Band||INR|
|Minimum bid (lot size)||Shares|
|Minimum Lot Amount||INR|
|Face Value||INR 10 per share|
|IPO Size||INR 600 Cr|
|Issue Type||Fixed Price Issue IPO|
|Listing At||NSE and BSE|
Senco Gold IPO Financial Performance (in INR lakhs)
Senco Gold IPO Tentative Dates: Allotment & Listing Details:
- Basis of Allotment: On or about – 2018
- Refunds Status: On or about – 2018
- Credit of Equity Shares to demat accounts: On or about – 2018
- Listing Date: On or about – 2018
Allotment Status – Senco Gold IPO : Check Here
Senco Gold IPO Prospectus:
- DRHP Draft Prospectus
- Red Herring Prospectus
Senco Gold IPO Lead Manager(s):
- IDFC Bank
- ICICI Securities
- IIFL Holdings
- Emkay Global Financial Services
- YES Securities
Senco Gold IPO Promoters:
- Sankar Sen
- Suvankar Sen
- Jai Hanuman Shri Siddhivinayak
- Om Gaan Ganpataye Bajrangbali Trust
Company Contact Information:
SENCO GOLD LIMITED
41A, A.J.C. Bose Road,
10th floor, Unit no. 1001,
Kolkata – 700 017,
West Bengal, India;
Tel: +91 33 4021 5000;
Fax: +91 33 4021 5025
Email: [email protected];
Senco Gold IPO Registrar: