Senco Gold, incorporated on August 22, 1994, is a prominent pan-India jewellery retail player with a rich heritage of over five decades. The company is led by a fourth-generation entrepreneur with extensive experience in the jewellery industry as the promoter.
| Bidding Dates |
|---|
| 04 Jul 2023 - 06 Jul 2023 |
| Subscription |
|---|
| 36.51x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,899 | 1 | 13 | 47 | 12.8 M | ₹301 - ₹317 | 83.55 % | ₹3845.6 M - ₹4050.0 M | RHP DOC |
Senco Gold IPO SUBSCRIPTION STATUS
06 Jul '23Senco Gold IPO overall subscription rate was 36.51 times the total available shares
Senco Gold IPO retail subscription rate was 6.53 times in the retail segment
Senco Gold IPO non-institutional investor subscription rate was 34.95 times in the non-institutional investor category
Senco Gold IPO Qualified Institutional Bidder subscription rate was 90.12 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Jul 2023 (Day 3) | 6.53x | 34.95x | 90.12x |
05 Jul 2023 (Day 2) | 3.67x | 3.58x | 0.27x |
04 Jul 2023 (Day 1) | 0.67x | 0.26x | 0x |
Senco Gold FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 1,584.8 | 40,774.0 | -761.0 | -1,072.1 | 8.5% |
| FY22 | 1,291.0 | 35,346.4 | -698.9 | -945.8 | 8.2% |
| FY21 | 614.8 | 26,603.8 | 1,809.2 | 1,668.9 | 7.1% |
Senco Gold IPO SUBSCRIPTION STATUS DETAILS
Senco Gold had 12.8 M shares on offer
Senco Gold IPO offer price was in the range ₹301 - ₹317
Senco Gold IPO minimum Investment was ₹14899
Senco Gold IPO issue size was ₹ 3845.6 M - ₹ 4050.0 M
Senco Gold had a minimum lot size of 47 Shares per application
Senco Gold NUMBER OF SHARES ON OFFER
Senco Gold IPO IMPORTANT DATES
| Issue Open Date | 04 Jul 2023 |
| Issue close Date | 06 Jul 2023 |
| Allotment Date | 11 Jul 2023 |
| Refund Date | 12 Jul 2023 |
| Demat Account Credit Date | 13 Jul 2023 |
| Listing Date | 14 Jul 2023 |
| Listing on Exchange(s) | NSE and BSE |
| Senco Gold Allotment Status | Exchange |
Senco Gold IPO subscription opened on 04 Jul 2023, and closed on 06 Jul 2023
IPO allotment for Senco Gold was finalized on Tuesday, 11 Jul 2023
IPO listing for Senco Gold was on NSE and BSE on Friday, 14 Jul 2023
Senco Gold IPO LISTING GAINS
| Issue Price (adjusted) | 158.5 |
| Listing Open Price | 430.0 |
| Listing Close Price | 405.3 |
| Listing Gain% | 35.6% |
| Current Gain% | 145.3% |
Senco Gold Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Senco Gold Ltd. | 388.8 | 3019.5 | 11.1 | 0 | 0.8 | 22.8 | 8.1 | 8509.9 | 33.3 | 574.3 | 260.5 | 35 | 260.5 |
| Titan Company Ltd. | 4941 | 438655.2 | 76.2 | 1.4 | 4.7 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 64.9 | 55.1 |
| Kalyan Jewellers India Ltd. | 606.3 | 62615.7 | 43.6 | 0.6 | 1.6 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 13.9 | 79.1 |
| Thangamayil Jewellery Ltd. | 5275 | 16404 | 41.9 | 0.2 | 1.7 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 125.7 | 262.5 |
| Bluestone Jewellery and Lifestyle Ltd. | 814.5 | 12441.4 | 220.9 | 1.7 | 4.6 | 0.8 | 0.3 | 2486 | 35.8 | 14.8 | 106.7 | 3.7 | 128.6 |
| Sky Gold and Diamonds Ltd. | 719.4 | 11141.6 | 40.5 | 0.4 | 1.8 | 23 | 12.5 | 6331.3 | 76.8 | 275.3 | 107.5 | 17.8 | 107.5 |
Senco Gold IPO Reports
Senco Gold INFORMATION ON IPO ISSUE
About Senco Gold
Senco Gold, incorporated on August 22, 1994, is a prominent pan-India jewellery retail player with a rich heritage of over five decades. The company is led by a fourth-generation entrepreneur with extensive experience in the jewellery industry as the promoter.
Object of the Issue
- Funding working capital requirements of the company
- General corporate purposes
Senco Gold - PROMOTERS
| Name |
|---|
| Suvankar Sen |
| Jai Hanuman Shri Siddhivinayak Trust |
| Om Gaan Ganpataye Bajrangbali Trust |
Senco Gold Book Running Lead Manager
IIFL Securities Limited
senco.ipo@iiflcap.com
SBI Capital Markets Limited
senco.ipo@sbicaps.com
Senco Gold Book Running Lead Managers
Ambit Private Limited
senco.ipo@ambit.co
Senco Gold Registrar to the Offer
KFinTechnologies Limited
sencogold.ipo@kfintech.com
Senco Gold Strengths
Brand name
The company has a strong brand name with heritage and a legacy of over five decades
Organised player
The company holds the distinction of being the largest organised jewellery retail player in the eastern region of India, as measured by the number of stores it operates
Strong base and asset-light model
The company benefits from a robust network of 'Company Operated Showrooms' and a well-established asset-light 'franchise' model, which enables it to leverage its operations efficiently
Senco Gold Risks
Significant competition
The company operates in a highly competitive Indian jewellery market, facing the risk of losing a significant portion of its customer base and market share. This could have an adverse impact on its business
Dependent on gold
The company's revenues are highly reliant on the sale of gold jewellery, representing 89.69% of total revenue for Fiscals 2023. Additionally, it acquires gold on a loan basis, subject to RBI regulations
Search and seizure operation
The company has previously undergone a 'search and seizure' operation conducted by the income-tax department, leading to the initiation of taxation and criminal proceedings against both the company and its individual promoter
IPO FAQs
Senco Gold Ltd. IPO listing opened at Rs 430.00 while the issue price was Rs 317.00 giving 35.65% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 158.50 giving 145.30% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 135.0 crore, of 4,258,675 shares. It also consists of a fresh issue of Rs 270.0 crore.
The promoters of the company are Suvankar Sen, Jai Hanuman Shri Siddhivinayak Trust and Om Gaan Ganpataye Bajrangbali Trust.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 301.0 - 317.0.
The IPO application opens on Jul 04, 2023 and closes on Jul 06, 2023.
The minimum lot size for the IPO is 47. The maximum lot size for the IPO is 611.
For all category investors, the minimum application amount for this IPO is Rs. 14,899.0, the maximum value for this IPO is Rs 193,687.0.
This IPO will be allotted on Jul 11, 2023.
The refund will be credited to your account on Jul 12, 2023.
The allotted shares will be credited to your demat on Jul 13, 2023.
Senco Gold Ltd.’s shares listed on the stock exchanges on Jul 14, 2023.