JSA advised Senco Gold Limited in relation to its initial public offering of equity shares aggregating to ₹ 4,050.00 million (“IPO”). The IPO also comprised an offer for sale by SAIF Partners India IV Limited. As per news reports, the IPO was oversubscribed by 77.25 times with the QIB portion being oversubscribed by 190.56 times, which was one of the highest in the recent years.
Senco Gold Limited is a pan-India jewellery retail player. With a history of more than five decades, Senco Gold Limited is the largest organised jewellery retail player in the eastern region of India based on number of stores and among eastern India based jewellery retailers, it has the widest geographical footprint in non-eastern states (Source: CRISIL Report).
Deal Value: INR 4,050.00 million
Our Transaction Team comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Principal Associate –Anshu Bansal, Senior Associate – Sourav Modi, and Associate – Reshmi Prabhakar.
Anshu practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space etc.).