JSA is advising Senco Gold Limited (“Senco”) on its IPO. Senco has filed a DRHP with SEBI in respect of its proposed IPO of equity shares. The IPO will consist of a fresh issue of shares and an offer for sale by SAIF Partners India IV Limited. Senco Gold Limited is a pan-India jewellery retail player with a history of more than five decades and is the largest organized jewellery retail player in the eastern region of India based on number of stores. Among eastern India based jewellery retailers, Senco Gold Limited has the widest geographical footprint in non-eastern states (Source: CRISIL Report).
IIFL Securities Limited, Ambit Private Limited and SBI Capital Markets Limited are acting as the book running lead managers to the IPO.
JSA team comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Principal Associate – Anshu Bansal, Associate – Sourav Modi and Associate – Reshmi Prabhakar and Ankesh Kumar.
Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.