{"id":21769,"date":"2023-07-03T13:29:47","date_gmt":"2023-07-03T07:59:47","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=21769"},"modified":"2023-07-03T13:29:47","modified_gmt":"2023-07-03T07:59:47","slug":"senco-gold-aims-to-raise-%e2%82%b9405-crore-in-ipo","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/senco-gold-aims-to-raise-%e2%82%b9405-crore-in-ipo\/","title":{"rendered":"Senco Gold Aims To Raise \u20b9405 Crore In IPO"},"content":{"rendered":"<p>Senco Gold Limited, a renowned jewellery retailer, is set to open its initial public offering (IPO) on 4th July, aiming to raise up to \u20b9405 crore (approx. $50 million). The IPO consists of a fresh issue of equity shares worth up to \u20b9270 crore ($40 million) and an offer for sale by SAIF Partners India IV Limited of equity shares totalling up to \u20b9135 crore ($16.5 million). The anchor investor bidding period commenced on 3rd July, and the IPO will close on 6th July.<\/p>\n<p>The price band for the IPO has been fixed at \u20b9301 ($3.68) to \u20b9317 ($3.87) per equity share. Investors can bid for a minimum of 47 equity shares and in multiples of 47 thereafter.<\/p>\n<p>Senco Gold Limited plans to utilise the net proceeds from the fresh issue to meet its working capital requirements, estimated at \u20b9196 crore ($24 million). The remaining funds will be allocated towards general corporate purposes.<\/p>\n<p>The equity shares will be listed on BSE Limited and the National Stock Exchange of India Limited.<\/p>\n<p>Qualified Institutional Buyers (QIBs) will be allocated a maximum of 50% of the IPO on a proportionate basis. The QIB portion may allocate up to 60% to anchor investors at the discretion of the company and SAIF Partners India IV Limited. Non-Institutional Bidders will have access to at least 15% of the IPO, with a reservation for different application sizes. Retail Individual Bidders (RIBs) will be offered at least 35% of the IPO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senco Gold Limited, a renowned jewellery retailer, is set to open its initial public offering (IPO) on 4th July, aiming to raise up to \u20b9405 crore (approx. $50 million). The IPO consists of a fresh issue of equity shares worth up to \u20b9270 crore ($40 million) and an offer for sale by SAIF Partners India&hellip;<\/p>\n","protected":false},"author":1,"featured_media":21770,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-21769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Senco Gold Aims To Raise \u20b9405 Crore In IPO - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/senco-gold-aims-to-raise-\u20b9405-crore-in-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senco Gold Aims To Raise \u20b9405 Crore In IPO - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Senco Gold Limited, a renowned jewellery retailer, is set to open its initial public offering (IPO) on 4th July, aiming to raise up to \u20b9405 crore (approx. $50 million). 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