Senco Gold IPO Date, Price, Review
Senco Gold IPO: Know everything about Senco Gold IPO. Senco Gold Limited IPO Date, Senco Gold IPO Review and analysis. We will discus about Senco Gold IPO Benefits & Risks. Also, all information related to Senco Gold IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Senco Gold IPO
Senco Gold Ltd is an Indian jewelry retailer. The company's products are sold under its brand name "Senco Gold & Diamonds". Senco Gold Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 405 crore through IPO (Initial public offering).
Senco Gold IPO will open on 04 July 2023 and close on 06 July 2023. The price band of the Senco Gold IPO is ₹301 to ₹317. Senco Gold IPO size is 405 Crores. The offer includes 270 Crores under fresh issue and 135 Crores under offer for sale. Senco Gold IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. The Senco Gold IPO listing date is 14 July 2023. You can know about Senco Gold IPO GMP (Grey Market Premium) below.
The Senco Gold has given good financial performance. The company made a profit of ₹158.48 crores in the financial year 2023 (March 2023). The IPO of Senco Gold will be listed on NSE and BSE. Senco Gold IPO face value is ₹10 per equity share.
We will talk about Senco Gold's financials, benefits, and risks of investing in the company.
About Senco Gold Ltd
Senco Gold Limited is an Indian company engaged in the business of manufacturing, retailing, and exporting gold and diamond jewelry. It was founded in Kolkata, West Bengal, in 1938 and has since grown to become one of the leading jewelry brands in India.
Senco Gold Limited offers a wide range of gold and diamond jewelry, including earrings, necklaces, bangles, bracelets, rings, and pendants. The company caters to various customer segments, from traditional and ethnic designs to contemporary and modern styles.
The company operates state-of-the-art manufacturing facilities equipped with advanced technology and skilled artisans. These facilities ensure the production of high-quality jewelry that meets customer expectations.
Senco Gold Limited has an extensive retail network, with stores located across India. The company operates through both company-owned stores and franchise outlets, enabling it to reach customers in various cities and towns.
Over the years, Senco Gold Limited has established a strong brand reputation for its craftsmanship, innovative designs, and customer-centric approach. The company's commitment to quality and customer satisfaction has contributed to its success and customer loyalty.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
Senco Gold IPO Date and Price Band Details
| IPO Open: | 04 July 2023 |
| IPO Close: | 06 July 2023 |
| Listing Date: | 14 July 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹405 crores |
| Fresh Issue: | Approx ₹270 crores |
| Offer For Sale: | Approx ₹135 crores |
| Price Band: | ₹301 to ₹317 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Senco Gold IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 47 Shares |
| Minimum Amount: | ₹14,899 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 611 Shares |
| Maximum Amount: | ₹193,687 |
Senco Gold IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 04 July 2023 |
| IPO Closing Date: | 06 July 2023 |
| Basis of Allotment: | 11 July 2023 |
| Refund Date: | 12 July 2023 |
| Credit to Demat Account: | 13 July 2023 |
| Listing Date: | 14 July 2023 |
Senco Gold IPO Review
| Happiest Post | Apply |
| Anand Rathi | Not Rated yet |
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| Axis Capital | Not Rated yet |
| Dilip Davda | Apply |
| ICICI Direct | Not Rated yet |
| SBICAP Securities | Apply |
| Motilal Oswal | Not Rated yet |
| Sharekhan | Not Rated yet |
You can also check the latest IPO subscription status and IPO allotment status of Senco Gold IPO on our website.
Senco Gold Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Senco Gold Limited has built a strong brand and reputation in the Indian jewelry industry. It's long history and customer trust can provide a competitive advantage and potentially contribute to future growth.
- Offering a wide range of gold and diamond jewelry, Senco Gold Limited can cater to various customer preferences and market segments. Diversification in product offerings can be beneficial in capturing different customer demographics and adapting to changing trends.
- The company's extensive retail network, including company-owned stores and franchise outlets, provides wide market access. A robust retail presence can help in reaching a large customer base and driving sales.
- Senco Gold Limited's manufacturing capabilities, backed by skilled artisans and advanced technology, can contribute to the production of high-quality jewelry pieces. Strong manufacturing expertise can be advantageous in maintaining product standards and meeting customer expectations.
- The company has a diversified product portfolio.
Risks
- The jewelry industry can be influenced by factors such as fluctuating gold and diamond prices, changing consumer preferences, and economic conditions. These industry-specific risks can impact the company's financial performance.
- The jewelry sector is highly competitive, with numerous established players and new entrants vying for market share. Senco Gold Limited faces competition from both domestic and international brands. Intense competition can affect market position, pricing power, and profitability.
- The jewelry industry is subject to various regulations, including those related to quality standards, hallmarking, and export-import policies. Adhering to regulatory requirements and maintaining compliance can be essential for the company's operations and reputation.
- Jewelry manufacturing involves complex processes, supply chain management, and inventory control. Senco Gold Limited may face operational challenges related to production scalability, inventory management, and logistics, which can impact profitability.
Senco Gold Ltd Financials
Senco Gold Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2020 | ₹1522.37 | ₹2429.03 | ₹37.77 |
| 2021 | ₹1559.30 | ₹2674.92 | ₹61.48 |
| 2022 | ₹2100.19 | ₹3547.41 | ₹129.10 |
| 2023 | ₹2905.32 | ₹4108.54 | ₹158.48 |
Promoters
- Suvankar Sen
- Jai Hanuman Shri Siddhivinayak Trust
- Om Gaan Ganpataye Bajrangbali Trust
Contact Details of Senco Gold
Diamond Prestige, 41A, A.J.C. Bose Road,
10th floor, Unit no. 1001,
E-mail: corporate@sencogold.co.in
Website:www.sencogoldanddiamonds.com
Senco Gold Lead Managers
- SBI Capital Markets Limited
- Ambit Private Limited
- IIFL Securities Limited
Senco Gold IPO Registrars
Selenium, Tower B, Plot No. 31 and 32
Financial District, Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032, Telangana, India
Telephone: +91 40 6716 2222
Email: sencogold.ipo@kfintech.com
Website:www.kfintech.com
Conclusion
Looking at the financial position of the company, the track record has been good. In the financial year 2023, the company had a profit of Rs 158.48 crore. The company operates in many different sectors. We suggest you apply for short listing gain and long duration in Senco Gold Limited IPO. Senco Gold Limited IPO financial details and other information are given above.
Senco Gold IPO FAQs
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