Senco Gold Limited IPO Review & Recommendations
Get Real-Time Updates on stock market trends and news
Get updates on stock market, Stock related news, Algo Trading, learn profitable strategies.
Join WhatsApp ChannelSenco Gold Limited IPO
July 04, 2023 - July 06, 2023
Closed
Pre-Apply with Upstox
Senco Gold Limited IPO Review
Senco Gold Limited was engaged in the pan- India retailing. They are the biggest jewelry retailer in eastern India in terms of the number of stores. Among jewelry retailers based in eastern India, they have the largest presence in states outside of the eastern region. For over fifty years, Senco has been dedicated to serving customers. Their goal is to become the go-to lifestyle partner for individuals in India and around the globe. Whether it's for everyday needs or special occasions, They strive to maintain their customers' trust and be their preferred choice.
Their main focus is on selling gold and diamond jewelry, but they also offer a variety of other options such as silver, platinum, precious and semi-precious stones, and jewelry made from other metals. Additionally, they have a range of costume jewelry, as well as gold and silver coins and silver utensils available. Their strategy of operating through multiple channels enables them to allocate capital as required, as we continue to expand their geographic presence and work towards an omni-channel network. Their catalog showcases an impressive collection of over 120,000 designs for gold jewelry and over 69,000 designs for diamond jewelry, providing customers with a wide variety of choices.
Senco Gold Limited Products and Services
Their Products and services sell gold and diamond jewelry and also sell jewelry and also sell jewelry made of silver, platinum, and precious and semi-precious stones. They have partnered with popular online marketplaces to expand their marketing reach. In response to the COVID-19 pandemic, we have introduced video calling and tele calling services, allowing customers to conveniently buy jewelry from any location, including the convenience of their own homes.
They have introduced a digital gold purchasing platform called mydigigold.com. It enables customers to buy and accumulate gold in a secure vault operated by a third party. They can then choose to sell the gold online or exchange it for jewelry at any of their showrooms. They are confident in their ability to seize market opportunities and capitalize on the anticipated growth in the Indian jewelry market. They have identified the competitive strengths that will enable them to succeed in this endeavor.
Financial Overview
The company operates in a business environment that is characterized by intense competition, numerous small players, and strict regulations. Despite the challenging business landscape, the company maintains a leading position due to its extensive range of products. This is evident in its strong financial performance over the past three fiscal years. Investors May Apply for this IPO after doing the research.
Frequently Asked Question
Market lot size of the Senco Gold Limited IPO is 47 shares.
Senco Gold Limited IPO is going to open on July 04, 2023.
Price of 1 share of Senco Gold Limited IPO is ₹301 - ₹317.
You will receive the allotted shares in your Demat account on July 13, 2023.
Senco Gold Limited IPO shares will get listed at NSE and BSE.
Senco Gold Limited IPO will be closed on July 06, 2023.
The meaning of "Senco Gold Limited IPO" is the Grey Market Premium (GMP) for the initial public offering (IPO) of Senco Gold Limited IPO on the current day.
Face value of equity shares of Senco Gold Limited IPO is ₹10.
Kfin Technologies Limited is the registrar of Senco Gold Limited IPO.
If you do not get the allotment of Senco Gold Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Pre-issue shareholdings of Senco Gold Limited IPO promoters are 76.92%
Post-issue shareholdings of Senco Gold Limited IPO promoters are 68.48%.
If you do not get the allotment of Senco Gold Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
You can apply for an IPO from any place by using the internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in Senco Gold Limited IPO by using any one of these methods at your convenience.
Senco Gold Limited IPO will get listed on July 14, 2022.
Comments for Senco Gold Limited IPO Review & Recommendations
0 comments