Senco Gold IPO: Jewelery retailer firm Senco Gold is getting ready to deliver IPO. The firm has filed a draft paper with the inventory market regulator SEBI for approval of the IPO. Senco Gold can elevate Rs 525 crore from the market by way of IPO.

Fresh subject of Rs 325 crore might be issued within the IPO. At the identical time, the stake might be offered by way of a suggestion on the market of Rs 200 crore. Investor SAIF Partners India IV Limited will promote its stake within the firm.

The firm will spend Rs 240 crore on working capital necessities and the remaining quantity might be spent on common company wants. The firm will elevate Rs 65 crore by way of pre-IPO placement. If the cash is raised from the pre-IPO placement, then this quantity might be deducted from the dimensions of the IPO.

Kolkata-based Senco Gold runs a retail showroom below the model identify Senco Gold and Diamond. Most of the corporate’s showrooms are current within the japanese states. The Lead Managers of the corporate are IIFL Securities, Ambit Capital and SBI Capital Markets. The firm’s shares might be listed on BSE and NSE.

Looking on the monetary outcomes of the corporate, the income of the corporate has elevated by 9.92 % to Rs 2660 crore as on 31 March 2021. At the identical time, until 30 November 2021, within the 8 months of 2021-22, the corporate’s income has been Rs 2467 crore and the corporate has made a revenue of Rs 100 crore. There is a complete of 127 showrooms in Senco Gold.

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