Senco Gold IPO: All you need to know!
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 Date | July 4 to July 6, 2023 |
| Listing Date | 14 July 2023 |
| Face Value | Rs 10 per share |
| Lot Size | 47 |
| Price Range | Rs 301 to Rs 317 |
| Total IPO Size | Rs 405 crore |
Senco Gold IPO: Investor Lot Sizes
1 Lot = 47 shares
| Investor Type | Lot | Shares | Amount |
| Retail Investor (Min) | 1 | 47 | Rs 14,899 |
| Retail Investor (Max) | 13 | 611 | Rs 193,687 |
| HNI (Min) | 14 | 658 | Rs 2,08,586 |
| HNI (Max) | 67 | 3149 | Rs 9,98,233 |
Senco Gold IP0: Company Financials
| Particulars | FY23 | FY22 | FY21 |
| Total Revenue | Rs 4077 crore | Rs 3534 crore | Rs 2675 crore |
| Total Expenses | Rs 3892 crore | Rs 3370 crore | Rs 2591 crore |
| Net Profit | Rs 158.4 crore | Rs 129.1 crore | Rs 61.4 crore |
Senco Gold IPO: Peer Comparisons (FY23)
| Senco Gold | Kalyan Jewelers | Titan Company | |
| Total Revenue | Rs 4077 crore | Rs 14,071 crore | Rs 40,575 crore |
| Net Profit | Rs 158.4 crore | Rs 433.1 crore | Rs 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.