IPO Details

Bidding Dates

11 Mar '24 - 13 Mar '24

Minimum Investment

₹130,000 / 1 Lot ( 2000 Shares )

Price Range

₹61 - ₹65

Maximum Investment

₹130,000 / 1 Lot ( 2000 Shares )

Retail Discount

Not Applicable

Issue Size

₹9.28 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 11, 2024

Closing Date

Mar 13, 2024

Basis of Allotment Date

Mar 14, 2024

Initiation of Refunds

Mar 17, 2024

Credit of Shares to Demat

Mar 17, 2024

Listing Date

Mar 18, 2024

Cut-off time for UPI mandate confirmation

Mar 13, 2024

Signoria Creation IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Mar 11, 2024

 0.32x 37.90x 79.96x 50.12x

Day 2Mar 12, 2024

 0.40x 101.49x 235.43x 145.01x

Signoria IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 8.26
Non-Institutional Buyers 270.85
Retail Investors 385.71
Total 264.40

About Signoria Creation Ltd

Signoria Creation Limited is engaged in manufacturing and marketing women apparel like Kurtis, pants, tops, Co-ord Sets, dupattas and Gowns. They are popularly known and identified in the apparel market by their brand name “Signoria”. Their brand is known for its Kurtis, with traditional designs having a wide range of colours, patterns and sizes. They are mostly engaged in the B2B business.

Their operational capacity for FY 2022-2023 from their factory totals up to over 4,77,000 pieces of quality garments. The company also possesses the ability to increase its operational capacity as and when required on the basis of customer demands. Apart from the manufacturing activity undertaken by the company, the company also gets job work done for products.

The women’s wear market in India is expected to grow from ₹75,704 crores in FY 2021 to ₹1,68,222 crores in FY 2025, i.e. growing at a CAGR of 22.09%. An organised player like Signoria Creation can benefit from such an expansion of its industry as a whole.

Signoria Creation Ltd IPO Details

Signoria Creation Ltd IPO Dates

The bidding for the Signoria Creation IPO will open from March 12, 2024, to March 14, 2024.

Signoria Creation Ltd IPO Price Band

Signoria Creation is a book-built IPO with a price of ₹61 to ₹65 per share.

Signoria Creation Ltd IPO Lot Size

The Signoria Creation Ltd IPO lot size has been decided at 2,000 shares.

Signoria Creation Ltd IPO Objectives

The net proceeds will be utilised towards funding the following:

  1. Arranging funds for the working capital requirements of the company.
  2. General corporate purposes.

Peer Details

The company has one listed peer, i.e. Nandani Creations Limited.

How to Check the Allotment Status of the Signoria Creation Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Signoria Creation Ltd

Registered office: 324, Ayekar Nagar II, Near RICCO Industrial Area, Mansarovar, Jaipur, Rajasthan – 302020, India

Phone: +91 9358838830

E-mail: cs@signoria.in

IPO Financials

Particulars Period Ended on June 30, 2023 Year Ending on March 31, 2023 Year Ending on March 31, 2022 Year Ending on March 31, 2021
Total Revenue 310.23 1,915.81 1,181.64 588.98
Profit (Loss) for the Year 39.03 231.05 67.53 32.60
Current Ratio - 1.90 1.77 1.79
Inventory Turnover Ratio - 4.05 2.72 3.34

Know before investing

Strengths

2

  1. The company promotes cost leadership and timely execution of client orders. The timely fulfilment of orders is a prerequisite in their industry, and cost leadership entails cost-efficient manufacturing processes.

  2. They focus on building sustained and long-term client relationships with their clients and constantly try to cater to customer needs with products in demand.

Risks

2

  1. They are highly dependent upon a limited number of suppliers. 76.45%, 52.04%, 49.81% and 53.71% of their total purchases were derived from their top 10 suppliers for the quarter ended June 30, 2023, and fiscal years ended on March 31, 2023, 2022 and 2021. This makes their operations dependent on a handful of suppliers.

  2. They derived 80.09%, 66.15%, 51.60% and 47.17% of their revenue from top 10 customers during the quarter that ended June 30, 2023, and the fiscal years 2023, 2022 and 2021. If one or more of such customers choose not to source their requirements from them, their business, may be adversely affected.

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Signoria Creation Ltd IPO FAQs

What is Signoria Creation Ltd's IPO?

Signoria Creation  IPO is a book-built IPO. The IPO will be open from March 12, 2024, to March 14, 2024.

When will Signoria Creation Ltd's IPO be allotted?

The basis of allotment will be done on March 15, 2024. The credit of shares to the demat account will be on March 18, 2024.

When will Signoria Creation Ltd's IPO open for subscription?

The IPO will open for subscription from March 12, 2024, to March 14, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for the IPO is 2,000 shares.

When will Signoria Creation Ltd list on exchanges?

Signoria Creation Ltd IPO will be listed on the NSE SME exchange on March 19, 2024.

How do I check the allotment status of the Signoria Creation Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Signoria Creation Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The listing date will be March 19, 2024.

I have finished the application process for the Signoria Creation Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will be debited once the stocks are allotted to you.

How do I approve the UPI mandate request for Signoria Creation Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Signoria Creation Ltd using one PAN?

You can submit only one application using your PAN card.