Senco Gold IPO
Senco Gold IPO — date, price band, lot size & details 2023
Senco Gold listed on 14 Jul 2023 at ₹430, 35.6% above the ₹317 issue price.
Senco Gold is the largest organised jewellery retailer in eastern India by number of stores, selling under the Senco Gold & Diamonds name. Its total income was Rs 4,108.54 crore in FY2023.
Stock price
Senco Gold is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 04 Jul 2023
- Close 06 Jul 2023
- Allotment 11 Jul 2023
- Refund/credit 12 Jul 2023
- Listing 14 Jul 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 4 to 6 Jul, 2023 |
|---|---|
| Price Band | ₹301 – ₹317 |
| Face Value | ₹10 |
| Lot Size | 47 Shares |
| Issue Size | ₹405 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,899 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 47 shares at the ₹317 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 47 | ₹14,899 |
| Retail (max) | 13 | 611 | ₹1,93,687 |
| S-HNI (min) | 14 | 658 | ₹2,08,586 |
| S-HNI (max) | 67 | 3,149 | ₹9,98,233 |
| B-HNI (min) | 68 | 3,196 | ₹10,13,132 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 2,674.92 crore in FY2021 to Rs 4,108.54 crore in FY2023.
- 02Profit after tax rose from Rs 61.48 crore in FY2021 to Rs 158.48 crore in FY2023.
- 03The pre-issue P/E was 13.83 at the upper band of Rs 317, based on EPS of Rs 22.92.
- 04It had 136 showrooms in 96 cities and towns across 13 states on 31 March 2023.
- 05The promoters did not sell any shares, and Rs 270.00 crore of the issue was fresh capital.
Risks · 5
- 01Jewellery retail margins are thin, and the source puts the PAT margin at 3.89%.
- 02Total borrowing rose from Rs 532.44 crore on 31 March 2021 to Rs 1,177.17 crore on 31 March 2023.
- 03Gold prices drive both sales and stock values, and a sharp fall can hurt margins. Debt to equity was 1.25 as per the source.
- 04The business is concentrated in eastern India, with 75 of its showrooms company operated.
- 05Promoters and the promoter group held 76.92% before the issue and 68.48% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Senco Gold offer document.
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 2,905.32 | 2,100.19 | 1,559.30 |
| Total Income | 4,108.54 | 3,547.41 | 2,674.92 |
| Profit After Tax | 158.48 | 129.10 | 61.48 |
| NET Worth | 945.52 | 725.97 | 602.62 |
| Reserves and Surplus | 876.37 | 659.49 | 536.14 |
| Total Borrowing | 1,177.17 | 862.97 | 532.44 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Senco Gold RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Senco Gold IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹22.92 | ₹20.41 |
| P/E Ratio (x) | 13.83 | 15.53 |
| Market Cap at Offer Price (₹ Cr) | ₹2,191.89 | ₹2,461.45 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹317 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹243.51 Cr of the issue is earmarked to named objects.
Senco Gold IPO Anchor Investors
21 anchor investors across 11 fund houses committed ₹121.49 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It mainly sells gold and diamond jewellery, plus jewellery in silver, platinum, precious and semi-precious stones, through showrooms and online platforms under the Senco Gold & Diamonds name. Its Everlite, Gossip and Aham collections target younger and lighter jewellery buyers.
On 31 March 2023 it had 136 showrooms, including 75 company operated and 61 franchisee showrooms, in 96 cities and towns across 13 states.
The IPO was Rs 405 crore, with Rs 270.00 crore of fresh issue and Rs 135.00 crore of offer for sale by investor SAIF Partners India IV. Rs 196.00 crore of the fresh money was planned for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Senco Gold IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Ambit Capital
17 issues handledBest listing: Chemcon Speciality Chemicals (+115.0%). Weakest: Metro Brands (-12.6%).
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Senco Gold?
The current Grey Market Premium is ₹130, or 41% over the issue price.
What is the Senco Gold IPO price band?
₹301 to ₹317, on a face value of ₹10.
When is the allotment?
The basis of allotment is 11 July 2023, with listing on 14 July 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
