Senco Gold – a Jewellery retail player has submitted the draft red herring prospectus (DRHP) with the capital market regulator the Securities and Exchange Board of India for its IPO on 20th August 2018.

This IPO comprises the sale of fresh shares of Senco Gold aggregating up to INR 600 Crore. The company will utilize the proceeds for the implantation of new showroom; fulfill the working capital requirements & general corporate purposes.

IDFC Bank, IIFL Holdings, ICICI Securities, YES Securities (India) Emkay Global Financial Services are the lead manager. The shares will be listed on NSE and BSE.

About Senco Gold:

Senco Gold is mainly engaged in selling diamond and gold jewellery & also sell silver jewellery. Along with these, it also sells jewellery made from precious & semi-precious metals, metals and silver as well. Currently, it has 93 showrooms in around 72 Indian cities & towns.