Page 3 - Senco Gold

Ahead of IPO, Senco Gold collects over Rs 121 cr from anchor investors

Jewellery retail player Senco Gold Ltd on Monday said it has mobilised Rs 121.5 crore from anchor investors ahead of its initial share sale. The company has allocated 38.33 lakh shares to 21 funds at an average price of Rs 317 apiece, according to a circular uploaded on the BSE website. BNP Paribas Arbitrage, Societe Generale, Elara India Opportunities Fund, 3P India Equity Fund 1, Nippon India Mutual Fund (MF), WhiteOak Capital MF, Sundaram MF, Bandhan MF, Jupiter India Fund and Max Life Insurance Company are among the anchor investors. Senco Gold's Rs 405-crore Initial Public Offer (IPO) comprises a fresh issue of equity shares aggregating up to Rs 270 crore and an offer-for-sale (OFS) of equity shares worth Rs 135 crore by shareholder SAIF Partners India IV Ltd. At present, SAIF Partners has a 19.23 per cent stake in the jewellery retail chain. The issue, with a price band of Rs 301 to Rs 317 apiece, will open for public subscription on July 4 and conclude on July 6. Of the R

Jewellery retail major Senco IPO price band at Rs 301-317 per share

Jewellery retail major Senco Gold Ltd has fixed a price band of Rs 301 to Rs 317 for its Rs 405 crore initial public offering (IPO), which will open for public subscription on July 4, the company said on Monday. The initial share sale will conclude on July 6 and the bidding for anchor investors will open on July 3, according to the Red Herring Prospectus. The bids have to be made for a minimum of 47 shares of Rs 10 each and multiples thereof. The Senco IPO comprises a fresh issue of equity shares aggregating up to Rs 270 crore and an offer-for-sale of equity shares to the tune of Rs 135 crore by selling shareholder SAIF Partners India IV Ltd, the RHP said. At present, SAIF Partners has 19.23 per cent stake in the jewellery retail chain. It will be offloading its stake by 8-9 per cent in this issue, Senco managing director and CEO Suvankar Sen said. Another PE fund sponsored by the Oman Investment Authority and State Bank of India which has invested Rs 75 crore in the Kolkata-base

Senco Gold's Rs 405 cr-IPO to open for public subscription on July 4

The Rs 405 crore-initial share sale of jewellery retail player Senco Gold Ltd will open for public subscription on July 4. The initial share sale will conclude on July 6 and the bidding for anchor investors will open on July 3, according to the Red Herring Prospectus (RHP). Senco Gold's Initial Public Offer (IPO) comprises of a fresh issue of equity shares aggregating up to Rs 270 crore and an offer-for-sale (OFS) of equity shares to the tune of Rs 135 crore by selling shareholder - SAIF Partners India IV Ltd. At present, SAIF Partners has 19.23 per cent stake in the jewellery retail chain. The company proposes to use Rs 196 crore of net proceeds from the fresh issue towards funding working capital requirements and the remaining for general corporate purposes. The Kolkata-based firm has 127 showrooms -- 70 company operated and 57 franchisee -- in 89 cities and towns across 13 states in India. Some of its franchisee showrooms are located in areas other than metros and Tier-I, provi

Senco Gold, DCX Systems, HMA Agro Industries get Sebi's nod to float IPOs

Jewellery retail player Senco Gold Ltd, electronic sub-systems and cable harnesses maker DCX Systems and frozen meat exporter HMA Agro Industries have received Sebi's nod to raise funds through IPOs. The companies, which filed their preliminary IPO (Initial Public Offering) papers with Securities and Exchange Board of India (Sebi) between March and April, obtained their observation letters during July 5-7, an update with the regulator showed on Monday. In Sebi's parlance, issuance of observation letter implies its nod to float IPO. Together, the three firms are expected to mop-up Rs 1,605 crore through the initial share sales. The equity shares of the companies are proposed to be listed on both the bourses -- BSE and NSE. Going by the draft papers, Senco Gold's Rs 525 crore-IPO will comprise fresh issue of equity shares aggregating up to Rs 325 crore and an Offer For Sale (OFS) of equity shares to the tune of Rs 200 crore by selling shareholder - SAIF Partners India IV Limited. Th

Jewellery retailer Senco Gold files Rs 525-cr IPO papers with Sebi

Jewellery retailer Senco Gold Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 525 crore through an initial public offering (IPO).

Jewellery retail chain Senco plans Rs 525-cr IPO, files DRHP with SEBI

Its revenue from operations grew at a CAGR of 9.92% from Rs 2420 crore as of March 31, 2020 to Rs 2660 crore as of March 31 2021, the document said

Senco Gold looks to buck slowdown, to launch 100 new stores in 3-5 years

Currently, the Kolkata-based company has a network of 105 outlets

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