Signoria Creation is scheduled to hit the market on March 12, 2024 and close on March 14, 2024. Signoria Creation plans to raise around ₹9.28 Cr through an IPO with a sale of up to 1,428,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Signoria Creation Limited, established in 2019, specializes in manufacturing and retailing women's clothing such as kurtis, pants, tops, co-ord sets, dupattas, and gowns. With manufacturing units in Mansarovar and Sanganer, Jaipur, Rajasthan, the company recently expanded its operations by acquiring a 501.33 square meter plot at H1-74, RIICO Industrial Area, Mansarovar, Jaipur. The new facility, currently under construction, will complement the existing garment manufacturing factories and increase the total operational capacity to over 4,77,000 pieces of quality garments for the financial year 2022-2023.
As of February 15, 224, Signoria employs a total of 153 individuals. Among them are 45 permanent employees and 108 contract employees working across various departments including accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality control, and top management. This dedicated team ensures the smooth functioning of the company's operations and contributes to the success of Signoria Creation Limited in the competitive women's clothing industry.
Signoria Creation IPO Details
Signoria Creation IPO opens on March 12, 2024, and closes on March 14, 2024. The Listing date for Signoria Creation IPO is on March 19, 2024. The price band for IPO is ₹61 to ₹65 per share and lot size of 2000 Shares.
| IPO Date | Mar 12, 2024 to Mar 14, 2024 |
| Listing Date | Mar 19, 2024 |
| Price | ₹61 to ₹65 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹9.28 Cr |
| Face Value | ₹10 per share |
Signoria Creation IPO Tentative Timetable
Signoria Creation opening date is March 12, 2024 and close date is March 14, 2024. The IPO allotment date is March 15, 2024. The refund initiation of IPO is on March 18, 2024. The credit of shares in demat account is on March 18, 2024. The listing date is on March 19, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 12, 2024 |
| IPO Closing | Mar 14, 2024 |
| IPO Allotment Date | Mar 15, 2024 |
| Refund Initiation | Mar 18, 2024 |
| Shares Credit to Demat | Mar 18, 2024 |
| Lisiting Date | Mar 19, 2024 |
Signoria Creation IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹130,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹130,000 |
| Retail(Maximum) | 1 | 2000 | ₹130,000 |
| HNI (Minimum) | 2 | 4000 | ₹260,000 |
Signoria Creation IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Signoria Creation IPO Review
Signoria Creation Ltd., a renowned brand in women's garments, is set to launch its maiden book building route IPO, aiming to mobilize Rs. 9.28 crore at the upper cap. The issue will open for subscription on March 12, 2024, and close on March 14, 2024, with a price band of Rs. 61 – Rs. 65 per share. This IPO presents an opportunity for investors to be part of a company that has shown growth in its financial performance from FY21 to FY23, with a focus on quality products under the “Signoria” brand. The company's emphasis on traditional designs and high-quality materials has garnered trust and confidence from customers.
Investors should note that Signoria Creation Ltd.'s historical data indicates that a significant portion of its revenues and profits are generated in the second half of the year, attributed to seasonal demand during the winter season with many festivals. Although the pricing of the IPO may seem aggressive based on the H1-FY24 performance, the company's track record of delivering consistent growth in both top and bottom lines makes it an attractive prospect for medium to long-term investments. With a strong management team and a commitment to creating the best designs, Signoria Creation Ltd. is positioned well for future success in the women's apparel market.
This review provides valuable insights into Signoria Creation Ltd.'s upcoming IPO, highlighting its strengths in product quality, brand recognition, and growth potential. Investors looking to capitalize on the growing demand for women's traditional garments may find this IPO appealing, considering the company's track record and market positioning. Signoria Creation Ltd.'s focus on customer engagement and seasonal trends sets it apart in the market, making it a promising investment opportunity for those seeking long-term rewards in the apparel industry.
Signoria Creation IPO Subscription Status (Bidding Details)
Table not foundSignoria Creation IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Signoria Creation IPO FAQs
What is Signoria Creation IPO?
Signoria Creation is issuing 1,428,000 equity shares with a face value of ₹10 each, totaling up to ₹9.28 Cr. The shares are being offered at a price of ₹61 to ₹65 each, with a minimum order quantity of 2000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Signoria Creation IPO will open?
Signoria Creation will open on March 12, 2024 for QIB, NII, and Retail Investors.
When Signoria Creation IPO will end?
Signoria Creation will end on March 14, 2024.
What is Signoria Creation IPO Size?
Signoria Creation IPO size is ₹9.28 Cr.
What is Signoria Creation IPO Price Band?
Signoria Creation price band is ₹61 to ₹65 per share.
What is the Signoria Creation IPO Allotment Date?
Signoria Creation allotment date is March 15, 2024.
What is the Signoria Creation IPO Listing Date?
Signoria Creation listing date is March 19, 2024. The IPO is to be listed on BSE and NSE.
How to Signoria Creation IPO through Zerodha?
To apply for the IPO “Signoria Creation” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Signoria Creation IPO through Upstox?
To apply for the IPO “Signoria Creation” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Signoria Creation IPO Allotment Status?
For Signoria Creation IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Signoria Creation IPO GMP?
You can check out here: Signoria Creation IPO GMP