The Signoria Creation IPO date has been confirmed from March 12, 2024 and closes on March 14, 2024. Read the post to learn about Signoria Creation Limited IPO GMP.
The Signoria Creation IPO offers shares at a fixed issue price totaling, Rs 9.28 crores. The price per share for Signoria Creation IPO ranges from ₹61 to ₹65. A minimum of 2000 shares is needed for the application. Retail investors need to invest at least ₹130,000. For High Net Worth Individuals (HNI), the smallest permissible investment size is 2 lots, equating to 4,000 shares, at a cost of ₹260,000.
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Bidding Dates
March 12-14
Price Range
₹61 to ₹65 per share
Face Value
₹10 per share
GMP
₹60
Signoria Creation IPO GMP
The Signoria Creation IPO GMP Today is ₹60.
IPO Overview
With a value of Rs 9.28 crores, Signoria Creation’s IPO is conducted through a book-building approach. A total of 14.28 lakh shares are fresh offer. March 12, 2024, marks the commencement of the Signoria IPO (Initial Public Offering), which will wrap up on March 14, 2024. The Signoria Creation IPO allotment process is expected to wrap up by Friday, March 15, 2024. NSE SME is gearing up for the listing of Signoria Creation’s IPO, anticipated to occur on Tuesday, March 19, 2024.
₹61 to ₹65 per share is the designated price range for Signoria Creation’s IPO. Signoria Creation IPO GMP Today is ₹25. A minimum of 2000 shares is required for an application’s lot size. To participate, retail investors need to invest a minimum of ₹130,000. For HNIs, the minimum investment stands at ₹260,000, encompassing 4,000 shares or 2 lots.
Signoria Creation IPO Details
| IPO Date | March 12, 2024 to March 14, 2024 |
| Listing Date | 19-Mar, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,428,000 shares (aggregating up to ₹9.28 Cr) |
| Fresh Issue | 1,428,000 shares (aggregating up to ₹9.28 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,330,000 |
| Share holding post issue | 4,758,000 |
| Market Maker portion | 72,000 shares |
Signoria Creation Limited Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,462.13 | 2,334.92 | 950.76 | 597.88 |
| Revenue | 310.23 | 1,915.81 | 1,181.64 | 588.98 |
| Profit After Tax | 39.03 | 231.05 | 67.53 | 32.60 |
| Net Worth | 622.26 | 583.23 | 150.88 | 83.35 |
| Reserves and Surplus | 511.26 | 472.23 | 100.88 | 33.35 |
| Total Borrowing | 1,034.35 | 1,050.26 | 376.84 | 223.15 |
| Amount in ₹ Lakhs | ||||
Signoria Creation IPO Timeline
| IPO Open Date | Tuesday, March 12, 2024 |
| IPO Close Date | Thursday, March 14, 2024 |
| Basis of Allotment | Friday, March 15, 2024 |
| Initiation of Refunds | Monday, March 18, 2024 |
| Credit of Shares to Demat | Monday, March 18, 2024 |
| Listing Date | Tuesday, March 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 14, 2024 |
Company Profile
Established in 2019, Signoria Creation Limited specializes in crafting and marketing women’s clothing, including kurtis, trousers, tops, co-ord sets, dupattas, and gowns. Two manufacturing plants, namely Unit I and Unit II, are in operation in Mansarovar and Sanganer, Jaipur, Rajasthan, under the company’s management. On September 8, 2022, the Company purchased a 501.33 square metre plot at H1-74, RIICO Industrial Area, Mansarovar, Jaipur, Rajasthan – 302020, near an existing garment manufacturing facility that is currently under development. The factory’s entire operational capacity for fiscal
year 2022-2023 is more than 4,77,000 pieces of quality clothing. Signoria had 147 employees as of August 31, 2023, with 22 permanent employees, 63 contract employees, and 62 temporary employees working in accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality, top management, and permanent positions.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Signoria Creation Limited |
| Phone number | +91 9358838830 |
| Email ID | cs@signoria.in |
| Website | signoria.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
