Senco Gold IPO to open on July 4: Here are 10 things to know about the offer
Senco Gold will open for subscription on July 4. The issue closes on July 6. The company's shares are expected to get listed on both the exchanges.
Here are 10 things to know about the issue.
What is the business overview of Senco Gold? Senco is the largest jewellery retail player in the eastern region based on the number of stores. The company has a retail network of 136 showrooms, including 61 franchises and 75 company-owned showrooms. It also has over 4.50 lakh sq ft of retail space with a store network in 13 Indian states/UTs across 96 cities.The company has 63% of its showroom in West Bengal. It follows a mix of its own store as well as asset-light franchise route for expansion.What is the industry overview of Senco Gold? The domestic gems and jewellery market was roughly Rs 4,70,000 crore in fiscal 2023 with gold jewellery dominating the overall market with a 66% share. Domestic jewellery demand has historically been dominated by consumption.
Consumption of jewellery studded with diamond, pearls and other precious and semi-precious stones, has also been rising over the past five years but remains significantly lower than that of gold jewellery.What is the size of the Senco Gold IPO? The offer comprises a fresh equity issue of up to Rs 270 crore and an offer for sale (OFS) aggregating up to Rs 135 crore. Under the OFS segment, SAIF Partners India IV will offload shares.What is the price band for the Senco Gold IPO? The company has fixed the price band at Rs 301-317 per equity share for its public offer. Investors can bid for a minimum of 47 shares and in multiples thereafter.What is the structure of the Senco Gold IPO? About 50% of the net offer is reserved for the QIBs, 15% for the NII category and 35% for retail.
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