Senco Gold IPO: All you need to know!

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Senco Gold IPO

Kolkata based Jewellery maker Senco Gold commenced its initial public offering (IPO) on July 4, 2023 and biddings are open until July 6, 2023. The IPO was subscribed 69% in the first day of bidding, with it receiving bids for 65.28 lakh equity shares against an IPO size of 94.18 lakh shares.

The IPO will run until July 6, 2023. Investors are required to buy the shares in a lot size of 47 shares. 

Senco Gold IPO: About the company

Senco Gold Ltd operates a retail chain of jewellery stores in India. The Company offers products made from gold, platinum, diamond, silver, and astrological stones. The Company is primarily engaged in selling gold and diamond jewelry and also jewelry made of silver, platinum, and precious and semi-precious stones and metals.

The Company has over 93 showrooms in India covering 255,284 square feet in more than 72 cities and towns. The Company provides its products under the brand name Senco Gold and Diamonds and through its franchised showrooms.

Senco Gold IPO: Details

IPO DateJuly 4 to July 6, 2023
Listing Date14 July 2023
Face ValueRs 10 per share
Lot Size47
Price RangeRs 301 to Rs 317
Total IPO SizeRs 405 crore

Senco Gold IPO: Investor Lot Sizes

1 Lot = 47 shares

Investor TypeLot SharesAmount
Retail Investor (Min)147Rs 14,899
Retail Investor (Max)13611Rs 193,687
HNI (Min)14658Rs 2,08,586
HNI (Max)673149Rs 9,98,233

Senco Gold IP0: Company Financials

Total RevenueRs 4077 croreRs 3534 croreRs 2675 crore
Total ExpensesRs 3892 croreRs 3370 croreRs 2591 crore
Net ProfitRs 158.4 croreRs 129.1 croreRs 61.4 crore

Senco Gold IPO: Peer Comparisons (FY23)

 Senco GoldKalyan JewelersTitan Company
Total RevenueRs 4077 croreRs 14,071 croreRs 40,575 crore
Net Profit Rs 158.4 croreRs 433.1 croreRs 3250 crore
Return on Capital Employed (RoCE)14.22%12.24%24.54%
Return on Equity (RoE)18.96%12.79%30.73%

This is not investment advice. Investments in the securities market are subject to market risk, read all the related documents carefully before investing. Past performance is not indicative of future returns.