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IPO Status: Listed [4th Jul 2023 to 6th Jul 2023]
Senco Gold Limited is offering an IPO whose issue size is worth of Rs 405.00 Cr including both Fresh issue worth of Rs 270.00 Cr and OFS worth of Rs 135.00 Cr. The subscription period for this IPO is from 04 July 2023 to 06 July 2023. The face value of the shares is Rs 10 per share and the issue price bandk is ranging from Rs 301 to Rs 317 per share along with the lot size of 47 shares or its multiples.
This IPO will be listed on India’s premier exchange NSE as well as BSE.Stay tuned for more information on Senco Gold Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 4th Jul 2023 |
| IPO Issue Closing Date: | 6th Jul 2023 |
| IPO Issue Price: | ₹301.00-317.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹405.00 Cr |
| Offer for Sale: | ₹135.00 Cr |
| Fresh Issue: | ₹270.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 76.92% |
| Promoter Holding Post IPO: | 68.48% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543936 |
| NSE Code: | SENCO |
Get important updates regarding Senco Gold IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 11th Jul 2023 |
| Refunds Initiation* | 12th Jul 2023 |
| Credit of Shares to Demat* | 13th Jul 2023 |
| IPO Listing Date* | 14th Jul 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹301.00-317.00 |
| Market Lot: | 47 Shares |
| 1 Lot Amount: | ₹14899 |
| Min Small HNI Lots(2-10 Lakh): | 658 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 3196 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 14-07-2023 | 317.00 | 103 | -- | ₹420 (32.49%) | 14-Jul-2023 10:31 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in 1994 in Kolkata, West Bengal, Senco Gold Limited is an India-wide jewellery trading company that has been in existence for more than five decades and is in its fourth generation. The company is the largest organised jeweller in the eastern region of India by number of stores and has the largest geographic presence in the non-eastern states among jewellery retailers in eastern India.
SENCO also manufactures jewellery to individual specifications in terms of design, size, cut and weight. The jewellery is mainly manufactured by over 170 skilled karigars in Kolkata, West Bengal and other parts of India under karigar arrangements. The Company also manufactures machine-made jewellery and sources jewellery from third-party suppliers.
The company offers a diversified jewellery collection that includes gold jewellery, diamond jewellery, platinum jewellery, and studded jewellery in various forms that range in price from approximately ₹ 2,000 to approximately ₹ 500,000 to maximise its customer base. They offer their customers a wide variety of jewellery to suit regional tastes. In addition, we believe that their strategy and experience in selling light jewellery (with gold content between 1 g and 10 g for gold jewellery and with diamonds of less than 50 cents for diamond jewellery) has allowed us to reach a wide customer base in all age groups.
| Incorporation | Sector | IPO Issue Size | Website |
| 1994 | Jewellery Industry | ₹405.00 Cr | https://sencogoldanddiamonds.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,555,203 (28.57%) | 1,916,404 (21.43%) | 4,471,609 (50%) | 8,943,216 | |
| 1 | 4th Jul 2023 19:04 | 0.00x | 0.66x | 1.21x | 0.75x |
| 2 | 5th Jul 2023 19:04 | 0.28x | 3.79x | 3.92x | 2.85x |
| 3 | 6th Jul 2023 19:04 | 190.56x | 68.44x | 16.28x | 77.25x |
| 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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Senco Gold Limited | 22.93 | 22.87 | 136.83 | 18.96 | Consolidated | |
| Kalyan Jewellers India Limited | 4.2 | 4.2 | 35.29 | 29.29 | 12.79 | Consolidated |
| Titan Company Limited | 36.61 | 36.61 | 133.49 | 81.13 | 30.73 | Consolidated |
Last Updated on 18-Jul-2023 07:00:22
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Senco Gold IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Senco Gold IPO with Zerodha.
Alternate approch to apply in Senco Gold IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Senco Gold IPO Review and Important Updates
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To subscribe or apply in Senco Gold IPO, you can use the following methods:
| Senco Gold IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Senco Gold IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Senco Gold IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Senco Gold IPO. Most of the Syndicate Banks provide access to apply in Senco Gold IPO via ASBA process. You must have your net banking access, DP ID information to apply in Senco Gold IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Senco Gold IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Senco Gold IPO Review and Important Updates
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Applying in Senco Gold IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Senco Gold IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Senco Gold IPO, please refer article >> Link
Senco Gold IPO Review and Important Updates
Steps to download the online application form for Senco Gold IPO
Or
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Senco Gold IPO is going to be list on 14-07-2023. NSE Code for Senco Gold is SENCO. BSE Code for Senco Gold is 543936.
Other relevant questions:
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Senco Gold IPO Allotment Date is 11-07-2023.
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Senco Gold IPO share allotment date?Senco Gold IPO allotment date?
