Senco Gold, the renowned pan-India jewellery retail player, witnessed an overwhelming response to its highly anticipated initial public offering (IPO) worth Rs 405 crore. The IPO was subscribed a staggering 73.35 times, reflecting the immense interest from investors. The company has now announced the date for the allotment of shares, which is scheduled for July 11, 2023.
The subscription status of the Senco Gold IPO showcased a remarkable participation across different investor categories. Retail Individual Investors subscribed 15.46 times, while non-institutional investors displayed overwhelming interest with a subscription of 64.99 times. Qualified Institutional Buyers demonstrated exceptional enthusiasm, subscribing at an impressive 180.94 times.
Senco Gold’s IPO comprises a fresh issue of up to Rs 270 crore and an offer for sale of up to Rs 135 crore. The price range for the IPO stands at Rs 301-317 per share. It is worth mentioning that the company had already raised Rs 121.5 crore from anchor investors earlier in the week. The net proceeds from the fresh issue, amounting to Rs 196 crore, will be utilized for various purposes.
Senco Gold boasts a rich legacy of over five decades as a leading jewellery retailer. It holds the distinction of being the largest organized jewellery retail player in eastern India and has expanded its presence in non-eastern states as well. The company offers a diverse range of jewellery, including gold, diamond, silver, platinum, precious and semi-precious stones, costume jewellery, gold and silver coins, and silver utensils. With 75 company-operated showrooms, 61 franchisee showrooms, and a strong online presence, Senco Gold caters to customers across 13 states, including Tier II locations.
Senco Gold IPO Listing Date
The listing of Senco Gold’s equity shares is expected to take place on July 14, 2023, with the shares set to be listed on the BSE and NSE. How To Check Senco Gold IPO Allotment Status Online On BSE Website Investors who have applied for the Senco Gold IPO can check their allotment status online using their PAN card number directly on the BSE website.
