Senco Gold Limited has come up with an initial public offer (IPO). It will open on July 04-06, 2023 at Rs.301-317 a share. The IPO issue size is around Rs.405.00 crores. The minimum bid will be for 47 shares and in its multiples thereafter.
Senco Gold Limited was incorporated in the year 1994. It is a pan-India jewellery retail player with a history of more than five decades. It is the largest organised jewellery retail player in the eastern region of India based on a number of stores. The company primarily sells gold and diamond jewellery and also sells jewellery made of silver, platinum and precious and semi-precious stones and other metals. Moreover, it offers costume jewellery, gold and silver coins and utensils made of silver.
Senco Gold has 75 Company Operated Showrooms and 61 Franchisee Showrooms. It has a catalogue offering more than 120,000 designs for gold jewellery and more than 69,000 designs for diamond jewellery. As on March 31, 2023, the company has 136 showrooms in 96 cities and towns over 13 states across India.