Senco Gold raises ₹459 crore via QIP at ₹1,125 per share – CNBC TV18
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This price reflects a 1.27% discount to the floor price of ₹1,139.49. The QIP Committee approved the closure of the issue on December 13, 2024, following the receipt of application forms and funds in the escrow account from eligible institutional buyers.
Post the QIP, the company’s paid-up equity share capital has increased to ₹81.80 crore, comprising 8.18 crore shares, from ₹77.72 crore (7.77 crore shares), the company added.
Also Read: Senco Gold expects gold prices to rise closer to $2,750 by the end of this year
Among the major allottees, four funds under Tata AIA Life Insurance Co. grabbed 14.49% of the issue size. On a standalone basis, Tata Multicap Fund received the largest portion with 8.77% of the issue size, followed by Tata AIA Life Insurance Co. Ltd’s Emerging Opportunities Fund (6.40%) and ICICI Prudential Life Insurance Co. Ltd (6.54%).
Other significant investors included BOFA Securities Europe SA (5.23%), Bank of India Flexi Cap Fund (5.07%), Carnelian Bharat Amritkaal Fund (5.01%), and Bandhan Small Cap Fund (5.01%). The funds raised will help the jewellery chain to fuel its growth and expansion, with plans to add 18-20 stores a year, the statement added.
On Friday (December 13), shares of Senco Gold Ltd ended at ₹1,152.95, down by ₹14.70, or 1.26% on the BSE.
Also Read: Senco Gold CEO expects up to 18% growth in Q2 on back of gold duty cuts
