Kolkata-based Senco Gold has announced the price range for its upcoming IPO at Rs 301-317. Investors can subscribe to at least one lot of 47 equity shares between July 4 and 6. The offer consists of fresh shares worth up to Rs 270 crore and an offer for sale (OFS) worth up to Rs 135 crore. About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. The proceeds will be used for working capital and general corporate purposes.
Kolkata-based jewelry retailer Senco Gold is preparing for its initial public offering (IPO), which will open on July 4 and close on July 6. The IPO consists of a fresh issue of up to Rs 270 crore and an offer for sale (OFS) of up to Rs 135 crore. The price band is yet to be determined. Senco Gold, the largest organized jewelry retail player in eastern India, primarily sells gold, diamond, platinum, silver, and other precious stones. Proceeds from the IPO will be used for working capital and general corporate purposes.