Senco Gold IPO GMP, Price, Date, Allotment
Introduction
Senco Gold is a prominent player in the jewelry retail industry in India, particularly in the eastern region. The company specializes in selling gold and diamond jewelry, along with other precious and semi-precious stones, silver, platinum, and other metals. With a wide range of designs and a strong presence both offline and online, Senco Gold has captured a significant market share. In this article, we will delve into the details of the Senco Gold IPO, including its GMP (Grey Market Premium), price, date, and allotment.
Senco Gold IPO Overview
Senco Gold is known for its extensive collection of handcrafted jewelry designs. The company operates through various channels, including company-operated showrooms, franchisee showrooms, and online platforms. With more than 120,000 designs for gold jewelry and over 69,000 designs for diamond jewelry, Senco Gold offers a diverse range of choices to its customers. The majority of their designs are created in-house by their designers, who collaborate with skilled local craftsmen.
Senco Gold IPO GMP Today : – Rs- 122/-
Senco Gold IPO Details
The Senco Gold IPO is scheduled to take place from 4th to 6th July 2023. The price range for the IPO shares is set at INR 301 to 317 per share. The IPO consists of a fresh issue of INR 270 crore and an offer for sale worth INR 135 crore. The total size of the IPO is INR 405 crore. The minimum bid (lot size) is 47 shares, with a value of INR 14,899. The face value of each share is INR 10. The retail allocation for the IPO is 35%, while the listing will be on both BSE and NSE.
Senco Gold IPO Dates | 4 – 6 July 2023 |
Senco Gold IPO Price | INR 301 – 317 per share |
Fresh issue | INR 270 crore |
Offer For Sale | INR 135 crore |
Total IPO size | INR 405 crore |
Minimum bid (lot size) | 47 shares (INR 14899) |
Face Value | INR 10 per share |
Retail Allocation | 35% |
Listing On | BSE, NSE |
Senco Gold Financial Performance
Let’s take a look at Senco Gold’s financial performance over the years:
FY 2021 | FY 2022 | FY 2023 | |
Revenue | 2,660.4 | 3,534.6 | 4,077.4 |
Expenses | 2,591.3 | 3,370.5 | 3,892.4 |
Net income | 60.8 | 129.9 | 158.0 |
Margin (%) | 2.29 | 3.68 | 3.88 |
Figures in INR crore unless specified otherwise
- FY 2021:
- Revenue: INR 2,660.4 crore
- Expenses: INR 2,591.3 crore
- Net Income: INR 60.8 crore
- Margin: 2.29%
- FY 2022:
- Revenue: INR 3,534.6 crore
- Expenses: INR 3,370.5 crore
- Net Income: INR 129.9 crore
- Margin: 3.68%
- FY 2023:
- Revenue: INR 4,077.4 crore
- Expenses: INR 3,892.4 crore
- Net Income: INR 158.0 crore
- Margin: 3.88%
Senco Gold Valuations & Margins
Here are the valuations and margins of Senco Gold:
FY 2020 | FY 2021 | FY 2022 | |
EPS | 9.25 | 19.37 | 22.87 |
PE ratio | – | – | 13.16 – 13.86 |
RONW (%) | 10.65 | 19.43 | 18.96 |
NAV | – | – | 136.83 |
ROCE (%) | 13.22 | 15.58 | 14.22 |
EBITDA (%) | 7.10 | 8.17 | 8.46 |
Debt/Equity | 0.89 | 1.19 | 1.25 |
*Compiled by IPO Central from Prospectus
- FY 2020:
- EPS: INR 9.25
- PE Ratio: N/A
- RONW: 10.65%
- NAV: N/A
- ROCE: 13.22%
- EBITDA: 7.10%
- Debt/Equity: 0.89
- FY 2021:
- EPS: INR 19.37
- PE Ratio: N/A
- RONW: 19.43%
- NAV: N/A
- ROCE: 15.58%
- EBITDA: 8.17%
- Debt/Equity: 1.19
- FY 2022:
- EPS: INR 22.87
- PE Ratio: 13.16 – 13.86
- RONW: 18.96%
- NAV: 136.83
- ROCE: 14.22%
- EBITDA: 8.46%
- Debt/Equity: 1.25
Senco Gold IPO Dates & Listing Performance
The Senco Gold IPO follows the following schedule:
Senco Gold IPO Opening Date | 4 July 2023 |
Senco Gold IPO Closing Date | 6 July 2023 |
Finalization of Basis of Allotment | 11 July 2023 |
Initiation of refunds | 12 July 2023 |
Transfer of shares to demat accounts | 13 July 2023 |
Senco Gold IPO Listing Date | 14 July 2023 |
Opening Price on NSE | Coming soon |
Closing Price on NSE | Coming soon |
Conclusion
Senco Gold’s IPO presents an opportunity for investors to be a part of the leading jewelry retail player in the eastern region of India. With a strong focus on craftsmanship and a wide range of designs, the company has established a solid market presence. The financial performance and valuations of Senco Gold indicate a positive growth trajectory, making it an attractive investment option.
FAQs
How often does the IPO Grey Market Premium change?
The Grey Market Premium is dynamic and can change frequently, influenced by market conditions and investor sentiment. It is advisable to stay updated with the latest figures through reliable sources.
Can investors participate in the Grey Market trading?
Grey Market trading is conducted through a network of dealers, and participation is limited to select individuals or entities. It is an unofficial market and not regulated like the stock exchange.
Should investors rely solely on the IPO Grey Market Premium for investment decisions?
No, investors should consider the Grey Market Premium as one of several factors when making investment decisions. Thorough research, analysis of company fundamentals, and expert advice are equally important.
What is the significance of Kostak rates in IPO investments?
Kostak rates represent the price at which investors can sell their IPO application before listing. It provides an opportunity for early exits. Investors should evaluate both GMP and Kostak rates to make informed decisions.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions.