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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 ₹65.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,22,000 (2000 shares). The minimum lot size investment for 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 Date | March 12, 2024 to March 14, 2024 |
| Listing Date | March 19, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹61 to ₹65 per share |
| Issue Price Final | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,28,000 shares (aggregating up to ₹9.28 Cr) |
| Reserved for Market Maker | 72,000 shares Holani Consultants Pvt.Ltd. (aggregating up to ₹0.4680 Cr) |
| Net Offered to Public | 13,56,000 shares (aggregating up to ₹8.81 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 33,30,000 shares |
| Share Holding Post Issue | 47,58,000 shares |
Signoria Creation IPO offers total 14,28,000 shares. Out of which 5,36,000 (37.54%) allocated to QIB, 2,16,000 (15.13%) allocated to QIB, 2,50,000 (17.51%) allocated to NII, 5,30,000 (37.11%) allocated to RII and 3,20,000 (22.41%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 72,000 (5.04%) |
| QIB Shares Offered | 5,36,000 (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 (17.51%) |
| Retail Shares Offered | 5,30,000 (37.11%) |
| Employee Shares Offered | 40,000 (2.80%) |
| Total Shares Offered | 14,28,000 (100.00%) |
| 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 |
Signoria Creation IPO raises ₹2.08 crore from anchor investors. Signoria Creation IPO Anchor bid date is March 11, 2024. Signoria Creation IPO Anchor Investors list
| Bid Date | March 11, 2024 |
| Shares Offered | 3,20,000 |
| Anchor Portion Size (In Cr.) | 2.08 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 13, 2024 |
Signoria Creation IPO opens on March 12, 2024, and closes on March 14, 2024.
| IPO Open Date | Tue, Mar 12, 2024 |
| IPO Close Date | Thu, Mar 14, 2024 |
| Tentative Allotment | Fri, Mar 15, 2024 |
| Initiation of Refunds | Mon, Mar 18, 2024 |
| Credit of Shares to Demat | Mon, Mar 18, 2024 |
| Tentative Listing Date | Tue, Mar 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 14, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Signoria Creation Limited's revenue increased by 62.13% and profit after tax (PAT) rose by 242.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,614.56 | 2,334.92 | 950.76 | 597.88 |
| Total Income | 652.92 | 1,915.81 | 1,181.64 | 588.98 |
| Profit After Tax | 64.52 | 231.05 | 67.53 | 32.60 |
| Net Worth | 647.75 | 583.23 | 150.88 | 83.35 |
| Reserves and Surplus | 536.75 | 472.23 | 100.88 | 33.35 |
| Total Borrowing | 1,263.93 | 1,050.26 | 376.84 | 223.15 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Signoria Creation IPO is ₹30.93 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 10.48% |
| ROCE | 7.38% |
| RoNW | 9.96% |
| PAT Margin | 9.88% |
| Price to Book Value | 1.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.94 | 3.28 |
| P/E (x) | 9.37 | 19.81 |
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is an emerging brand in women wears with traditional designs and outfits. It has posted growth in its top and bottom lines for FY21 to FY23. Though on the basis of H1-FY24 performance, the issue appears aggressively priced, historically, as claimed by the management, it derives nearly two third of revenues with commensurate profits in the second half due to seasonality aspect. Hence, well-informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | March 19, 2024 |
| BSE Script Code | |
| NSE Symbol | SIGNORIA |
| ISIN | INE0RDE01010 |
| Final Issue Price | ₹65 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹131.00 |
| Low | ₹124.45 |
| High | ₹137.55 |
| Last Trade | ₹137.55 |
Signoria Creation Ltd.
324, Ayekar Nagar II,
Near RICCO Industrial Area,
Mansarovar,
Jaipur, Rajasthan, 302020
Phone: +91 9358838830
Email: cs@signoria.in
Website: https://signoria.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Signoria Creation IPO is a SME IPO of 14,28,000 equity shares of the face value of ₹10 aggregating up to ₹9.28 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on March 12, 2024, and closes on March 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 March 12, 2024 and closes on March 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 Monday, March 18, 2024. Check the Signoria Creation IPO allotment status.
The Signoria Creation IPO listing date is on Tuesday, March 19, 2024.
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