Bookbuilding IPO | ₹9 Cr | Listed at NSE SME | Tue, Mar 12, 2024 - Thu, Mar 14, 2024
Signoria Creation IPO is a book build issue of ₹9.28 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹9.28 crore.
Signoria Creation IPO bidding started from Mar 12, 2024 and ended on Mar 14, 2024. The allotment for Signoria Creation IPO was finalized on Mar 15, 2024. The shares got listed on NSE SME on Mar 19, 2024.
Signoria Creation IPO price band is set at ₹65 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,30,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,60,000.
The issue includes a reservation of up to 40,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Holani Consultants Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Holani Consultants Pvt.Ltd..
Refer to Signoria Creation IPO RHP for detailed Information.
IPO Open
Tue, Mar 12, 2024
IPO Close
Thu, Mar 14, 2024
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹30.93 Cr
| IPO Date | 12 to 14 Mar, 2024 |
| Listed on | Tue, Mar 19, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹65 |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,28,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 72,000 shares Holani Consultants Pvt.Ltd. (agg. up to ₹0.4680 Cr) |
| Fresh Issue (Ex Market Maker) | 13,56,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 13,56,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 33,30,000 shares |
| Share Holding Post Issue | 47,58,000 shares |
| NSE Symbol | SIGNORIA |
| ISIN | INE0RDE01010 |
Signoria Creation IPO comprises a total issue size of 14,28,000 shares. The net offer to the public is 13,16,000 shares, after excluding 72,000 shares allotted on a firm basis and 40,000 shares under a preferential allotment. Of the Net offer 5,36,000 (40.73%) are allocated to QIB, 2,50,000 (19.00%) allocated to NII 5,30,000 (40.27%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 5,36,000 | 40.73% | 37.54% |
| − Anchor Investor Shares Offered | 3,20,000 | 22.41% | |
| − QIB (Ex. Anchor) Shares Offered | 2,16,000 | 15.13% | |
| NII (HNI) Shares Offered | 2,50,000 | 19.00% | 17.51% |
| Retail Shares Offered | 5,30,000 | 40.27% | 37.11% |
| Preferential Reservations | |||
| Employee Shares Offered | 40,000 | 2.80% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.04% | |
| Total Shares Offered | 14,28,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
Signoria Creation IPO raises ₹2.08 crore from anchor investors. Signoria Creation IPO Anchor bid date is March 11, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Mar 11, 2024 |
| Shares Offered | 3,20,000 |
| Anchor Portion (₹ Cr.) | 2.08 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Apr 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jun 13, 2024 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Founded in 2019, Signoria Creation Limited manufactures and sells women's clothing such as kurtis, pants, tops, co-ord sets, dupattas and gowns.
The company has two manufacturing units, Unit I and Unit II, located in Mansarovar and Sanganer, Jaipur, Rajasthan. On September 08, 2022, the Company acquired a 501.33 square meter plot at H1-74, RIICO Industrial Area, Mansarovar, Jaipur, Rajasthan - 302020 near the existing garment manufacturing factory which is currently under construction. The total operational capacity of the factory for the financial year 2022-2023 is over 4,77,000 pieces of quality garments.
As of February 15, 224, Signoria had 153 employees, including 45 permanent employees, and 108 contract employees in the departments of accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality, top management and permanent employees.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 26.15 | 23.35 | 9.51 | 5.98 |
| Total Income | 6.53 | 19.16 | 11.82 | 5.89 |
| Profit After Tax | 0.65 | 2.31 | 0.68 | 0.33 |
| NET Worth | 6.48 | 5.83 | 1.51 | 0.83 |
| Reserves and Surplus | 5.37 | 4.72 | 1.01 | 0.33 |
| Total Borrowing | 12.64 | 10.50 | 3.77 | 2.23 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 6.28 |
| 2 | General corporate purposes | 1.74 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 10.48% |
| ROCE | 7.38% |
| RoNW | 9.96% |
| PAT Margin | 9.88% |
| Price to Book Value | 1.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.94 | 3.28 |
| P/E (x) | 9.37 | 19.81 |
| Promoter Holding | 100.00% | |
| Market Cap | ₹30.93 Cr. |
The Signoria Creation IPO is subscribed 666.32 times on March 14, 2024 6:22:00 PM (Day 3). The public issue subscribed 649.88 times in the retail category, 107.56 times in the QIB category, and 1,290.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 107.56 | 2,16,000 | 2,32,32,000 |
| NII* | 1,290.56 | 2,50,000 | 32,26,40,000 |
| Retail | 649.88 | 5,30,000 | 34,44,36,000 |
| Total | 666.32 | 10,36,000 | 69,03,08,000 |
Total Application : 1,72,218
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers (including Underwriting commission) | 0.96 |
| 2 | Brokerage, selling commission and upload fees | 0.03 |
| 3 | Advertising and marketing expenses | 0.07 |
| 4 | Fees payable to the Legal Advisors | 0.02 |
| 5 | Fees payable to the Registrar to the Issue | 0.01 |
| 6 | Fees payable to the to the regulators including Stock Exchanges | 0.11 |
| 7 | Printing and distribution of Issue stationary | 0.01 |
| 8 | Others (Bankers to the Issue, auditor’s fees etc.) | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹131.00 |
| Low | ₹124.45 |
| High | ₹137.55 |
| Last Trade | ₹137.55 |
Lead Manager Reports
Signoria Creation IPO is a SME IPO of 14,28,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Mar 12, 2024, and closes on Thu, Mar 14, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Signoria Creation IPO using UPI as a payment gateway. Zerodha customers can apply in Signoria Creation IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Signoria Creation IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Signoria Creation IPO opens on Tue, Mar 12, 2024 and closes on Thu, Mar 14, 2024.
Signoria Creation IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in Signoria Creation IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Signoria Creation IPO will be done on Friday, March 15, 2024, and the allotted shares will be credited to your demat account by Mon, Mar 18, 2024. Check the Signoria Creation IPO allotment status.
The Signoria Creation IPO listing date is on Tue, Mar 19, 2024.
