[ad_1]
NEW DELHI: The Initial Public Offer (IPO) of Senco Gold Ltd, a leading jewellery retail player, has received a strong response from investors.
The Rs 405 crore-IPO was subscribed 2.68 times on the second day, as per an update on the NSE. The offer received bids for 2,52,28,190 shares against 94,18,603 shares on offer.
The company has 140 showrooms across 13 states, with a majority in West Bengal. It also sells its products online and exports them to Dubai, Malaysia and Singapore.
Here is all you need to know about Senco Gold IPO:
Q: What are the different categories of investors in the Senco Gold IPO?
There are three categories of investors in the Senco Gold IPO:
Retail Individual Investors (RIIs)
Non-institutional Investors (NIIs)
Qualified Institutional Buyers (QIBs)
Q: What is the price range for the Senco Gold IPO?
The price range for the Senco Gold IPO is Rs 301-317 per share.
Q: What is the purpose of the Senco Gold IPO?
The Senco Gold IPO is being used to raise Rs 405 crore. The company plans to use the proceeds from the IPO to fund working capital requirements and for general corporate purposes.
Q: How will the company use the net proceeds from the fresh issue?
The company will use Rs 196 crore of net proceeds from the fresh issue towards funding working capital requirements and the remaining for general corporate purposes.
Q: Which are the managers to the offer and where will the shares be listed?
IIFL Securities Ltd, Ambit Private Ltd and SBI Capital Markets Ltd are the managers to the offer. The shares will be listed on the BSE and NSE.
Q: Where can I find more information about the Senco Gold IPO?
You can find more information about the Senco Gold IPO on the company’s website or on the websites of the IPO’s managers, IIFL Securities Ltd, Ambit Private Ltd and SBI Capital Markets Ltd.
Q: What are recommendations by some brokerages on Senco Gold IPO:
Ambit Capital: Ambit Capital has given a subscribe rating to the Senco Gold IPO. The brokerage has said that the company has a strong brand name and a dominant market share in eastern India. It has also said that the company’s financials are strong and it is well-positioned to grow in the future.
IIFL Securities: IIFL Securities has also given a subscribe rating to the Senco Gold IPO. The brokerage has said that the company has a strong track record of growth and it is well-positioned to benefit from the growth of the jewellery retail sector in India.
Choice Broking: Choice Broking has given a subscribe rating to the Senco Gold IPO. The brokerage has said that the company is well-managed and has a strong financial track record. It has also said that the company is well-positioned to benefit from the growth of the jewellery retail sector in India.
However, some brokerages have also given a neutral or wait and watch rating to the Senco Gold IPO. These brokerages have said that the company’s valuation is slightly on the higher side and that investors should wait for the market to cool down before investing in the IPO
(With inputs from agencies)
The Rs 405 crore-IPO was subscribed 2.68 times on the second day, as per an update on the NSE. The offer received bids for 2,52,28,190 shares against 94,18,603 shares on offer.
The company has 140 showrooms across 13 states, with a majority in West Bengal. It also sells its products online and exports them to Dubai, Malaysia and Singapore.
Here is all you need to know about Senco Gold IPO:
Q: What are the different categories of investors in the Senco Gold IPO?
There are three categories of investors in the Senco Gold IPO:
Retail Individual Investors (RIIs)
Non-institutional Investors (NIIs)
Qualified Institutional Buyers (QIBs)
Q: What is the price range for the Senco Gold IPO?
The price range for the Senco Gold IPO is Rs 301-317 per share.
Q: What is the purpose of the Senco Gold IPO?
The Senco Gold IPO is being used to raise Rs 405 crore. The company plans to use the proceeds from the IPO to fund working capital requirements and for general corporate purposes.
Q: How will the company use the net proceeds from the fresh issue?
The company will use Rs 196 crore of net proceeds from the fresh issue towards funding working capital requirements and the remaining for general corporate purposes.
Q: Which are the managers to the offer and where will the shares be listed?
IIFL Securities Ltd, Ambit Private Ltd and SBI Capital Markets Ltd are the managers to the offer. The shares will be listed on the BSE and NSE.
Q: Where can I find more information about the Senco Gold IPO?
You can find more information about the Senco Gold IPO on the company’s website or on the websites of the IPO’s managers, IIFL Securities Ltd, Ambit Private Ltd and SBI Capital Markets Ltd.
Q: What are recommendations by some brokerages on Senco Gold IPO:
Ambit Capital: Ambit Capital has given a subscribe rating to the Senco Gold IPO. The brokerage has said that the company has a strong brand name and a dominant market share in eastern India. It has also said that the company’s financials are strong and it is well-positioned to grow in the future.
IIFL Securities: IIFL Securities has also given a subscribe rating to the Senco Gold IPO. The brokerage has said that the company has a strong track record of growth and it is well-positioned to benefit from the growth of the jewellery retail sector in India.
Choice Broking: Choice Broking has given a subscribe rating to the Senco Gold IPO. The brokerage has said that the company is well-managed and has a strong financial track record. It has also said that the company is well-positioned to benefit from the growth of the jewellery retail sector in India.
However, some brokerages have also given a neutral or wait and watch rating to the Senco Gold IPO. These brokerages have said that the company’s valuation is slightly on the higher side and that investors should wait for the market to cool down before investing in the IPO
(With inputs from agencies)
#Senco #Gold #IPO
