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SBICAPS Leads INR 4,050 MN IPO of Senco Gold to a Strong Success

Setting the record for highest QIB subscription in last 10 years in IPO

2023

Issuer Details

  • A legacy of more than 5 decades with a fourth-generation promoter/entrepreneur
  • Largest organised jewellery retailer in Eastern India
  • Embraces the phygital model for an unparalleled reach with 136 stores (company owned & franchisee) and robust online platforms
  • Presence of two marquee PE firms – OIJIF & SAIF Partners on its capital structure

Key Transaction Highlights

  • SBICAPS positioned Senco Gold as a compelling high-growth story amidst a challenging sector
  • SBICAPS positioned Senco Gold as a compelling high-growth story amidst a challenging sector
  • SBICAPS was instrumental in setting up meetings with some crucial investors and guiding management throughout the IPO Process

Issue Details

Issue Size INR 4,050 Mn
Fresh Issue INR 2,700 Mn
Offer for Sale INR 1,350 Mn
Issue Price INR 317 per share
Issue Period July 04 - 06, 2023
Listing Date July 14, 2023
Listing Price(Gain) INR 431 (36%)

Blockbuster response across all categories:

QIB 73.35x
NII 180.94x
Retail 15.46x

SBICAPS Value Add - #1 in Anchor Book Procurement

  • SBICAPS-Investec secured a dominant position in Anchor Book, with remarkable ~36% procurement in a 3 BRLM Deal

  • SBICAPS-Investec generated early commitment from Long-Only Investors, driving transaction momentum

  • IPO witnessed largest ever QIB subscription in last 10 years of 180.94x for an IPO, setting a new milestone

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