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Senco Gold files draft papers with Sebi to raise Rs 6-billion through IPO

The company said it expects to achieve the benefit of listing its equity shares on the stock exchange

Press Trust of India  |  New Delhi 

Senco Gold ipo
Representative Image (Photo: Shutterstock)

 

has filed draft papers with regulator to raise an estimated Rs 6 billion through an

The company is primarily engaged in selling gold and diamond jewellery and also sell jewellery made of silver, platinum and precious and semi-precious stones and metals.

The (IPO) comprises equity shares of aggregating up to Rs 6 billion, according to the draft red herring prospectus (DRHP) filed with

Funds raised through the issue will be a company-operating the establishment of new company-operated showrooms, to fund working capital requirements and for other general corporate purposes.

In addition, the company said it expects to achieve the benefit of listing its equity shares on the

IDFC Bank, ICICI Securities, IIFL Holdings, Emkay Global Financial Services and YES Securities will manage the company's initial share-sale.

The equity shares will be listed on and

Presently, the company has 93 showrooms in 72 cities and towns and an employee strength of 1,290.

First Published: Tue, August 21 2018. 16:57 IST
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