What is the issue size of Senco Gold IPO?

The issue size of the Senco Gold IPO is Rs 405.00 Cr

What is 'pre-apply' for Senco Gold IPO?

Pre-apply will alow you to apply for the Senco Gold IPO 2 days before the subscription period starts.

If I pre-apply for Senco Gold IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Senco Gold IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Senco Gold IPO order is placed?

We will notify you when your Senco Gold IPO order is placed with the exchange.

What are the open and close dates of the for Senco Gold IPO?

Senco Gold IPO will be open between 4 July - 6 July, 2023.

What is the lot size and minimum order quantity of the Senco Gold IPO?

The Senco Gold Limited IPO lot size is 47 shares.

What are the allotment dates for the Senco Gold IPO?

Senco Gold IPO allotment date is 11 July, 2023. For Senco Gold IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Senco Gold IPO?

Senco Gold IPO registrar is Kfin Technologies Limited. You can check Senco Gold IPO allotment status on the website of the registrar.

Where is the Senco Gold IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Senco Gold IPO

Senco Gold Limited

₹14,147 /47 sharesMinimum Investment

Senco Gold IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹317.00₹430.00₹113.00 (35.65%)
Senco Gold IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
4 Jul ‘23 - 6 Jul ‘23₹14,14747₹301 - ₹317
Issue SizeIPO Doc
405.00CrRHP PDF
Subscription Status As on 06 Jul '23, 5:50 PMQualified Institutional Buyers
180.94x
Non-Institutional Investor
64.99x
Retail Individual Investor
15.46x
Total
73.35x
About Senco GoldEstablished in 1994, Senco Gold Limited is a jewellery retailer operating nationwide under the brand name "Senco Gold & Diamonds". With a diverse range of offerings, the company specialises in gold and diamond jewellery, as well as silver, platinum, precious and semi-precious stone jewellery, and other metals.
Senco Gold has targeted the younger and upwardly mobile demographics in India through its Everlite collection, featuring lightweight jewellery, the Gossip brand, offering silver and fashion jewellery, and the Aham collection, specifically designed for men.
In contrast, the company's D'Signia showrooms and Vivaha collection cater to customers seeking premium designer jewellery or a more exclusive retail shopping experience.
;
Parent Organisation
Senco Gold Limited
Founded
1994
Managing Director
Mr. Suvankar Sen
Strengths & Risks
Senco Gold operates a vast network of showrooms totalling approximately 409,882 sq. ft. across 136 locations. 
70 company-operated showrooms and 61 franchisee showrooms spread across 99 cities and towns in 13 states throughout India.
The company has maintained a team of 20 designers as of March 31, 2023.
The company presents over 108,000 designs for gold jewellery and more than 46,000 designs for diamond jewellery. The pieces are predominantly handcrafted in collaboration with over 170 skilled local craftsmen from Kolkata and various other regions across India. 
The company also provides costume jewellery, gold and silver coins, and silver utensils.
The company has maintained profitability in the last 3 years. 
The Indian jewellery market poses significant competition, putting the company at risk of losing a substantial portion of its customers and market share. 
The company relies on significant working capital to sustain its growth. The inability to meet these requirements on commercially acceptable terms could negatively impact the business.
In the past, the company underwent a 'search and seizure' operation by the income-tax department, leading to taxation and criminal proceedings initiated against the company and its promoter.
Market price volatility of gold and diamonds directly influences the value of the company's inventory, potentially affecting its income, profitability, and scale of operations.
Gold is obtained on a loan basis primarily from bullion banks, subject to RBI regulations. Adverse changes in the regulations governing gold loans could have negative consequences on the company's financial condition.
Negative cash flows from operating and investing activities have been experienced in previous fiscal years, and there is no guarantee that the company will not encounter negative cash flows in the future.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹301 - 317₹2 Lakh
High Networth Individual₹301 - 317₹2 - 5 Lakh
For Senco Gold IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹317.00	₹430.00	₹113.00 (35.65%)

Bidding Dates	Min. Investment	Lot Size	Price Range
4 Jul ‘23 - 6 Jul ‘23	₹14,147	47	₹301 - ₹317

Issue Size	IPO Doc
405.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹301 - 317	₹2 Lakh
High Networth Individual	₹301 - 317	₹2 - 5 Lakh

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