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Kolkata-based jewellery retail giant Senco Gold Limited has successfully raised Rs 459 crore through a Qualified Institutions Placement (QIP), allocating 40.8 lakh equity shares at Rs 1,125 each.
This strategic move, approved by the company’s board, significantly enhances Senco Gold’s paid-up equity share capital and positions it to accelerate its growth and expansion plans, including adding 18–20 new stores annually.
Prominent institutional investors such as Tata AIA Life Insurance and ICICI Prudential Life Insurance led the QIP subscription, demonstrating strong market confidence in the company’s future trajectory.
Senco Gold raised Rs 459 crore by issuing 40.8 lakh equity shares through QIP. The shares, with a face value of Rs 10, were issued at a premium of Rs 1,115, bringing the total price to Rs 1,125 per share. The QIP committee of the board approved the allotment as per the regulatory filing on Friday.
The paid-up equity share capital increased significantly post-QIP. It rose from Rs 77.72 crore (7.77 crore shares) to Rs 81.80 crore (8.18 crore shares), reflecting the company’s strengthened equity position.
