Senco Gold IPO: The initial public offering (IPO) of jewellery retail player Senco Gold will open for subscription on July 4, 2023. The subscription window will close on July 6.

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The company proposes to use Rs 196 crore of the 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 franchisees—in 89 cities and towns across 13 states in India.

IIFL Securities Ltd., Ambit Private Ltd., and SBI Capital Markets Ltd. are the book-running lead managers for the issue.

Senco Gold IPO: price band 

The company has fixed the price band at Rs 301 to Rs 317 per share.

The IPO comprises 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 the selling shareholder, SAIF Partners India IV Ltd. At present, SAIF Partners has a 19.23 per cent stake in the jewellery retail chain.

Senco Gold IPO: allotment date and link 

Shares of the company will be allotted tentatively on July 11, 2023. The official registrar for the IPO is Kfin Technologies Limited.

Senco Gold IPO: listing date 

Shares of Senco Gold are expected to be listed on the BSE and NSE on July 14.

About Senco Gold 

Senco Gold and Diamonds is a brand owned by Senco Gold Limited (‘the Company’) with a legacy of over five decades, as per the company's website.  It operates as a jewellery store and offers gold and diamond jewellery, including earrings, necklaces, bangles, coins, bars, pendants, rings, bracelets, and chains, as well as gold coins. Senco Gold serves customers in India.

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