• Rs. 10 per equity share with a face value of Rs. 301 to Rs. 317 has been determined;
• Bids can be made for a minimum of 47 equity shares and thereafter in multiples of 47 equity shares.
AHMEDABAD, Senko Gold Limited (the “Company”) on Tuesday, July 04, 2023 at Rs. 4,050 million (the “Offer”) up to a value of Rs. Proposes to open an IPO subscription of Equity Shares of face value of Rs.10 (the “Equity Shares”). In IPO Rs. Fresh Issue of Equity Shares of up to 2,700 million (“Fresh Issue”)
and by SAIF Partners India IV Limited (“Selling Shareholder”) for Rs. 1,350 million (the “Offer for Sale”) consists of an offer for sale of equity shares. The anchor investor bidding period is Monday, July 03, 2023. Offer closes on Thursday, July 06, 2023.
The price band of the offer is Rs. 301 to Rs. 317 per equity share has been fixed. Bids can be made for a minimum of 47 equity shares and thereafter in multiples of 47 equity shares.
The company proposes to use the net proceeds of the fresh issue to fund the working capital requirement of the company which is Rs. 1,960 million and the balance is for general corporate purposes. (“Objects of the Issue”)
The Equity Shares are being offered through a Red Herring Prospectus (“RHP”) of the Company dated June 27, 2023, filed with the Registrar of Companies, West Bengal at Kolkata (“ROC”) and listed on BSE Limited (“BSE”) and A listing is planned on the National Stock Exchange of India Limited (“NSE”). NSE is the designated stock exchange for the purposes of the offer.
The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 as amended (“SCRR”), read with SEBI Regulation 31 of 2018 (Regarding Issue of Capital and Disclosure Requirements) as amended ( “SEBI ICDR Regulation”). The offer is being made through book building process as per Regulation 6(1) of SEBI ICDR Regulation
wherein not more than 50% of the Shares in the Offer will be allotted to Qualified Institutional Buyers (“QIBs”) on a proportionate basis (“QIB Portion”), provided that our Company and SAIF Partners India IV Limited (Selling Shareholder) BRLMs (defined below) SEBI may allocate up to 60% of the QIB portion to anchor investors on a discretionary basis in consultation with the ICDR Regulation (“Anchor Investor Portion”),
One-third of which will be reserved for domestic mutual funds only, subject to receipt of valid bids from domestic mutual funds at or above the anchor investor’s offer price as per SEBI ICDR Regulation. The anchor investor portion is undersubscribed
Or in case of non-allocation, the balance equity share will be added to the net QIB portion. Further, 5% of the net QIB portion will be available for allocation on a pro rata basis only to mutual funds and the remaining net QIB portion will be available for allocation on a pro rata basis to all QIB bidders including mutual funds,
Provided that valid bids are received at or above the offer price. However, if the total demand of the mutual fund is less than 5% of the net QIB portion, the remaining equity shares available for allocation to the mutual fund portion shall be added to the remaining net QIB portion for proportionate allocation to the QIB.
Further, a maximum of 15% of the offer shall be available for allotment to non-institutional bidders out of which (a) one-third of such portion shall be Rs. more than two lakhs and Rs. will be reserved for applicants with an application size of up to ten lakhs; and (b) two-thirds of such portion at Rs. will be reserved for applicants with an application size of more than ten lakhs,
Provided that the unsubscribed portion from any of such sub-categories may be allotted to applicants in other sub-categories of non-institutional bidders and a maximum of 35% of the offer shall be available for allotment to Retail Individual Bidders (“RIBs”) in accordance with SEBI ICDR Regulations, if reasonable bids The offer may have been received at or above cost.
All prospective bidders (other than Anchor Investors) are required to compulsorily use the Blocked Amount (“ASBA”) process supported application providing details of their respective ASBA accounts (including UPI ID in case of UPI Bidders), if applicable.
In which the corresponding bid amount to participate in the offer will be blocked by SCSB or under the applicable UPI mechanism. Anchor investors are not permitted to participate in the offering through the ASBA process. For further details, see “Offer Procedure” on page number 403 of RHP.
IIFL Securities Limited, Ambit Private Limited and SBI Capital Markets Limited are the Book Running Lead Managers (“BRLMs”) for the Offer.