How to check the allotment status of Senco Gold Ltd IPO
Last Updated: 12th July 2023 - 01:10 pm
The ₹405 crore Senco Gold Ltd IPO, consists of a fresh issue of ₹270 crore and an offer for sale ₹135 crore by the existing shareholders, which includes the promoters and the early investors in the company. The IPO just closed on Thursday, 06th July 2023 and at the close of the third day, the issue was subscribed 73.35 times overall. The basis of allotment will be finalized on 11th July 2023 while the refunds to non-allottees will be initiated on the 12th July 2023.The company expects to complete the demat credits to the allottees as of 13th July 2023, while the company plans to list its IPO on the BSE and the NSE on 14th July 2023.
Allotment status online is an internet facility that is provided by the BSE (formerly Bombay Stock Exchange) and by the registrars on their website. Many of the brokers also provide direct connectivity to the database. However, in the absence of any connectivity, one option you always have to use one of these options. That means; you can either check your allotment status on the BSE website or the IPO registrar, KFIN Technologies Limited (formerly Karvy Computershare). Here are the steps.
Checking the allotment status of Senco Gold Ltd on BSE website
This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. You can still access the allotment status on the website of BSE India as under. Visit the BSE link for the IPO allotment by clicking on the link below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
• Under Issue Type – Select Equity Option
• Under Issue Name – Select Senco Gold Ltd from the drop down box
• Enter the Application Number exactly as in the acknowledge slip
• Enter the PAN (10-digit alphanumeric) number
• Once this is done, you need to click on the Captcha to verity that you are not a robot
• Finally click on the Search Button
In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters. There is one more point to note. Even if the company appears in the dropdown, the allotment status will only be available for you to check after the basis of allotment is finalized.
To complete your checking process, once you click on the SUBMIT button, the allotment status will be displayed on the screen in front of you informing about the number of shares of Senco Gold Ltd allotted into your demat account. You can take a screenshot for records.
Checking the allotment status of Senco Gold Ltd on KFIN Technologies Ltd (Registrar to IPO)
Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:
https://ris.kfintech.com/ipostatus/
Here you are given the choice to select from 5 servers viz. Link 1, Link 2, Link 3, Link 4, and Link 5. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select.
A small thing to remember here. Unlike on the BSE website, where the names of all IPOs are there on the drop-down menu, the registrar will only provide of the IPOs managed by them and where the allotment status is already finalized. Also, for simplicity, you can either choose to see all IPOs or just recent IPOs. Choose the latter, as that reduces the length of the list of IPOs you need to search through. Once you click on Recent IPOs, the dropdown will only show the recent active IPOs, so once the allotment status is finalized, you can select Senco Gold Ltd from the drop-down box.
• There are 3 options. You can either query the allotment status based on PAN, Application Number or Demat Account (DPID-Client ID combination).
• To Query by PAN, check the appropriate box and follow these steps.
◦ Enter the 10-digit PAN number
◦ Enter the 6-digit Captcha Code
◦ Click on Submit button
◦ Allotment status gets displayed on screen
• To Query by Application Number, check the appropriate box and follow these steps.
◦ Enter the Application Number as it is
◦ Enter the 6-digit Captcha Code
◦ Click on Submit button
◦ Allotment Status gets displayed on screen
In the past, the first step was to select Application Type (ASBA or Non-ASBA) before inputting your application number. Now, that step has been done away with.
• To Query by Demat Account, check the appropriate box and follow these steps.
◦ Select the depository (NSDL / CDSL)
◦ Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)
◦ Enter the Client-ID
◦ In the case of NSDL, the Demat account is 2 strings
◦ In the case of CDSL, the Demat account is just 1 string
◦ Enter the 6-digit Captcha Code
◦ Click on Submit button
◦ Allotment Status gets displayed on screen
It is always advisable to retain a saved screenshot of the allotment status output for future reference. The same can be tallied with the demat account credit subsequently.
Here is a quick background of the company. Senco Gold Ltd was incorporated in 1994 as a pan-India jewellery retailer. Other major listed players in the industry are players like Thangamayil Jewellery, PC Jewellers and Kalyan Jewellers. The products are current sold under the brand name “Senco Gold & Diamonds.” Apart from gold and diamond jewellery, Senco also markets jewellery made of silver and platinum, as well as precious and semi-precious stones. It offers costume jewellery, gold, and silver coins. Currently, Senco Gold offers over 108,000 designs for gold jewellery and over 46,000 designs for diamond jewellery. It has put in place a pan-Indian team of craftsmen to cater to varying regional and ethnic tastes of Indian customers. The idea is to get as close to the customer as possible.
Its key offerings include Everlite (lightweight jewellery), Gossip (silver and fashion) and Aham (jewellery for men). Most of its models are designed to appeal and cater to the young and the upwardly mobile at an appropriate price tag, which is lower than most jewellery median price tags. It has a segment catering to the mass demand for jewellery as well as the D’Signia and Vivaha collections for the premium market. The company operates through 136 showrooms across India with total area coverage of 409,882 square feet. Around 70 showrooms are owned and operated by the company while 61 are franchises. The IPO of Senco Gold Ltd will be lead managed by IIFL Securities, Ambit and SBI Capital Markets. KFIN Technologies Ltd is the registrar to the issue.
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