Senco Gold is planning to file its IPO papers with the Securities and Exchange Board of India (SEBI) for a ₹400 crore issue. The IPO will consist of a fresh issue of ₹325 crore and an offer for sale (OFS) of ₹75 crore by selling shareholder SAIF Partners India IV Ltd.
The company plans to use the proceeds from the IPO to fund working capital requirements and for general corporate purposes.
Senco Gold is a leading jewellery retailer in India with a network of over 125 showrooms across the country. The company is looking to expand its presence in North India and also invest in new technologies.
The IPO is expected to be launched in the second half of 2023.
Here are some additional details about the Senco Gold IPO:
- The issue size is ₹400 crore.
- The fresh issue size is ₹325 crore.
- The OFS size is ₹75 crore.
- The company plans to use the proceeds from the IPO to fund working capital requirements and for general corporate purposes.
- The IPO is expected to be launched in the second half of 2023.
