STOCK TIGERS ON Senco Gold IPO Price Band (Rs in per share) 3 | STOCK TIGERS

STOCK TIGERS ON Senco Gold IPO

Price Band (Rs in per share) 301-317
Issue size (Rs in Crore) 405.00
Fresh Issue size (Rs in Crore) 270.00
OFS Issue size (Rs in Crore) 135.00
Issue open date 04-07-2023
Issue close date 06-07-2023
Minimum order quantity 47
Face value (in Rs) 10
Exchanges to be listed on BSE, NSE



- Senco Gold ltd is a pan India jewellery retail player with a history of more than five decades.

- They are the largest organized jewellery and retail player in the eastern region of India based on number of stores and among eastern India based jewellery retailers.

- strong financial and consistent profit growth

- Strong brand name with heritage and a legacy of over five decades

- Senco Gold Limited is among very few retail players selling gold and diamond jewellery in organized space, which will be key beneficiary to take advantage of consumer behavior shift from unorganized space to organized space.

- Company is available at P/EPS of 13.82x, which is lower as compared to peer competitors,

high debt is main concern



WE STOCK TIGERS WILL SUBSCRIBE THIS ISSUE FOR SHORT TO LONG TERM perspective

WE STOCK TIGERS WILL SUBSCRIBE CONSIDERING ITS FINANCIAL PERFORMANCE, BUSINESS MODEL, HIGH PENETRATION BUSINESS

MEMBERS WHO HAVE FREE CASH CAN APPLY FOR LISTING GAIN OF AROUND 15% TO 20%.

WE WILL APPLY BRAHMASHTRA STRATEGY IF NOT ALLOTED OR IF WE WANT TO ENTER AFTER LISTING

Source :- chittorgarh, company wesite, DRHP, kr choksy research,capital market research, GEPL capital research, Canara research, axis capital research, Dilip Davda research, CHOICE BROKING
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Disclaimer :- Investors can consult financial advisor before subscribing or taking any decision

All information given here are available in open source of public platform and RHP

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