Public Market

IPO

Jewellery retailer Senco Gold attracts Rs.121-Cr from 21 anchor investors

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Jewellery retail player Senco Gold Ltd has mobilised INR 121.5 crore from 21 anchor investors ahead of its initial share sale. The company has allocated 38.33 lakh shares at an average price of INR 317 apiece. BNP Paribas Arbitrage, Societe Generale, Elara India Opportunities Fund, 3P India Equity Fund 1, Nippon India Mutual Fund (MF), WhiteOak Capital MF, Sundaram MF, Bandhan MF, Jupiter India Fund and Max Life Insurance are among the anchor investors. Senco Gold's INR 405-crore Initial Public Offer (IPO) comprises a fresh issue of equity shares aggregating INR 270 crore and an offer-for-sale (OFS) of equity shares worth INR 135 crore by shareholder SAIF Partners India IV Ltd. SAIF Partners has a 19.23 per cent stake in the firm. The issue, with a price band of INR 301 to INR 317 apiece, will open for public subscription on July 4 and conclude on July 6. The Kolkata-based firm has 140 showrooms across 13 states. IIFL Securities Ltd, Ambit Private Ltd and SBI Capital Markets Ltd are the book-running lead managers to the issue.

From the Venture Intelligence PE-VC Deal Database: Between Oct-14 and Apr-22, Senco had raised USD 23 M from Oman India Joint Investment Fund and Elevation Capital (formerly SAF Partners). (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)