Suvankar Sen (MD & CEO, Senco Gold) and Ashish Kumar Chauhan (MD & CEO, NSE) (Centre) during the bell ringing ceremony of Senco Gold Ltd. at NSE
Ranjana Sen (Chairperson, Senco Gold Ltd.) lights the lamp to mark an auspicious beginning in the presence of Ashish Kumar Chauhan (MD & CEO, NSE), Suvankar Sen (MD & CEO, Senco Gold) with sons Soham and Shlok and Joita Sen (Director, Senco Gold Ltd.) as well as Directors of the Company during the bell ringing ceremony of Senco Gold Ltd. at NSE
(L to R) – Ranjana Sen (Chairperson, Senco Gold Ltd.),Joita Sen (Director, Senco Gold Ltd.), Suvankar Sen (MD & CEO, Senco Gold) with sons Soham and Shlok during the bell ringing ceremony of Senco Gold Ltd. at NSE
Ashish Kumar Chauhan (MD & CEO, NSE) presents NSE memento to Suvankar Sen (MD & CEO, Senco Gold Ltd.), Joita Sen (Director, Senco Gold Ltd.) and Sanjay Banka (CFO, Senco Gold Ltd.) during the bell ringing ceremony of Senco Gold Ltd. at NSE
(L to R) – Ranjana Sen (Chairperson, Senco Gold Ltd.),Joita Sen (Director, Senco Gold Ltd.), Suvankar Sen (MD & CEO, Senco Gold) and Sanjay Banka (CFO, Senco Gold Ltd.) during the bell ringing ceremony of Senco Gold Ltd. at NSE
Suvankar Sen (MD & CEO, Senco Gold) addresses the gathering during the bell ringing ceremony of Senco Gold Ltd. at NSE
MUMBAI, 14 JULY, 2023 (GPN): Jewellery, Gold and Diamonds Specialist Company Senco Gold Limited listed at a healthy premium of 36% over the IPO price on the exchanges on Friday. The stock made its debut at Rs 431 on BSE, as against an issue price of Rs 317. While on NSE, it debuted at Rs 430 per equity share.
The Rs 405 crore IPO was a combination of fresh issues and the OFS portion. The fresh equity issue was of Rs 270 crore, and the OFS segment aggregated up to Rs 135 crore.
Of the fresh issue net proceeds, Rs 196 crore will be utilised for funding working capital and the residual for other general corporate purposes.
The issue was subscribed 73.34 times at the close, driven by heavy bidding from qualified institutional buyers on the last day. The part reserved for QIBs was subscribed by 180 times.
The retail portion of the issue was subscribed 15.45 times, while the non-institutional category was subscribed 64.98 times.
Senco Gold has an extensive retail network of 136 showrooms (75 company-owned and 61 franchised), with store networks in 13 states/UTs across 96 cities. However, around 63% of the company’s showrooms are located in West Bengal.
The company has a strong financial track record with consistent dividends and robust return ratios, according to analysts. It has crossed sales of over Rs 4000 crore in FY23 with a return ratio ROE of 18.9% and ROCE of 14.2% at the end of last fiscal.The company’s topline and bottom line grew at a three-year CAGR of 19% and 20%, respectively.
IIFL Securities, Ambit, and SBI Capital Markets acted as book-running lead managers to the issue, while KFin Technologies was the registrar.Ends
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