Senco Gold ltd. launched its initial public offering on Tuesday. The jewellery retailer is looking to raise a total of Rs 405 crore, out of which Rs 270 crore will be raised through fresh issue. The IPO was subscribed 69% on day one. The initial public offering became fully subscribed Wednesday.
The pan-India jewellery retailer has raised Rs 121.50 crore from 21 anchor investors at Rs 317 per share, including five domestic mutual funds through a total of 11 schemes, according to a BSE circular.
Issue Details
Issue opens: July 4.
Issue closes: July 6.
Total issue size: Rs 405 crore.
Face value: Rs 10.
Offer for sale: Rs 135 crore.
Shares for OFS: 42,58,675.
Price band: Rs 301–317 per share.
Lot size: 47 shares.
Listing: BSE and NSE.
Use Of Proceeds
The funds will be used for the following purposes:
Funding working capital requirements of the company: Rs 196 crore
Subscription Status: Day 2
The IPO has been subscribed 2.68 times as of 5:00 p.m. on July 5.
Institutional investors: 0.27 times, or 27%.
Non-institutional investors: 3.58 times.
Retail investors: 3.67 times.
All You Need To Know About Senco Gold's IPO
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