19 Jun 2019
DiamondWorld Directory
Home |
News
Home
Senco Gold to Raise Rs. 600 Crore through IPO Route
Funds raised through the issue will be used for financing the establishment of new company-operated showrooms, to fund working capital requirements and for other general corporate purposes.
By: Diamond World News Service
|
Aug 23 2018 4:25PM
|
Reference: 16606  

DecreaseIncrease

Jewellery retailer Senco Gold has reportedly filed draft papers with markets regulator SEBI to raise an estimated Rs. 600 crore through an initial public offering (IPO). The company is primarily engaged in selling gold, diamond, silver and platinum jewellery and, also sell precious and semi-precious stones and metals.

The IPO comprises equity shares of Senco Gold aggregating up to Rs. 600 crore, according to the draft red herring prospectus (DRHP) filed with SEBI. Funds raised through the issue will be used for financing the establishment of new company-operated showrooms, to fund working capital requirements and for other general corporate purposes.

In addition, the company said it expects to achieve the benefit of listing its equity shares on the stock exchange. IDFC Bank, ICICI Securities, IIFL Holdings, Emkay Global Financial Services and YES Securities will manage the company’s initial share-sale. The equity shares will be listed on BSE and NSE. Presently, the company has 93 showrooms in 72 cities and towns and employee strength of 1,290.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 13983
GJEPC Chairman Interview
Views: 12862
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 19737
Promo for IJ Awards 2012 at NDTV Profit
Views: 32335
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 35475
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 10414
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 33782
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 31862
Member of:
Supporter of: