Kolkata-based jewelery retail chain Senco Gold Limited said it has raised Rs 459 crore through Qualified Institutions Placement (QIP) by allotting 40.8 lakh shares.
The QIP committee of the company’s board has approved the issue and allotment of Rs 10 par shares issued at a price of Rs 1,125 per share, including a premium of Rs 1,115, Senco Gold said in a regulatory filing on Friday evening.
Post QIP, the company’s paid-up equity capital rose to Rs 81.80 crore, comprising 8.18 crore shares, from Rs 77.72 crore (7.77 crore shares), the company added.
Among the major holdings, four funds under Tata AIA Life Insurance Co. Get 14.49 percent of the issue size. On a standalone basis, Tata Multicap Fund got the largest share at 8.77 per cent of the issue size, followed by Tata AIA Life Insurance Co. Ltd’s Emerging Opportunities Fund (6.40 per cent) and ICICI Prudential Life Insurance Co. ).
Other key investors include 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 jewelry chain continue its growth and expansion, with plans to add 18-20 stores a year, the statement said.
