Senco Gold mobilizes Rs 121.49 crore; issue to open today for subscription

4 Jul 2023 , 09:32 AM

Jewellery retailer from Kolkata, Senco Gold will be opening for subscription on Tuesday, July 4 and the company has already mobilizes Rs 121.49 crore from the anchor investors on Monday ahead IPO.

The jewellery retailer has allotted 38,32,807 equity shares to 21 anchor investors at the upper end of the price band Rs 317 per equity shares. Some of the key marquee investors that participated in the IPO included Nippon Mutual Fund, White Oak, Jupiter Asset Management, Bandhan Mutual Fund, 3P India Equity Fund (Prashant Jain’s fund, making it their first IPO investment), Max Life Insurance, Sundaram Mutual Fund, and Franklin Templeton Mutual Fund.

Additionally, BNP Paribas Arbitrage, Societe Generale, Elara India Opportunities Fund, 3P India Equity Fund 1, Nippon India Mutual Fund, WhiteOak Capital Mutual Fund, Sundaram Mutual Fund, Bandhan Mutual Fund, Jupiter India Fund, and Max Life Insurance Company were also among the anchor investors who showed interest in the IPO.

In the initial public offering (IPO), the company plans to issue fresh shares worth Rs 270 crore, while its investor SAIF Partners India intends to offer shares worth Rs 135 crore for sale. The proceeds from the fresh issue will primarily be utilized to meet the company’s working capital requirements, along with general corporate purposes. This includes funding ongoing operations and supporting the company’s overall growth strategy.

Senco Gold IPO important details:

Open date	4 July 2023
Close date	6 July 2023
Lot size	47 Shares
IPO size (Rs crore)	Rs 405 crore
IPO price range (Rs)	Rs 301 to Rs 317
Minimum investment	Rs 14,899
Basis of allotment date	11 July 2023
Refunds date	12 July 2023
Credit to demat account date	13 July 2023
Listing date	14 July 2023