04-Mar-2024
2 mins read
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Signoria Creation IPO is open for subscription from Tuesday, March 12, 2024, and will close on Thursday, March 14, 2024. The price is decided at Rs 61 to Rs 65 per share. The minimum lot size of this application for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum amount of investment required for retail category investors is Rs 1,30,000 (65 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,60,000 (65 x 4000 shares).
Signoria Creation IPO is a book-built issue of Rs 9.28 crores. This upcoming IPO issue is completely a fresh issue of 48 lakh equity shares. The allotment for this IPO is expected to be finalised on Friday, March 15, 2024. Signoria Creation will be listed on NSE SME, and the listing date is fixed on Tuesday, March 19, 2024. The book-running lead manager of Signoria Creation IPO is Holani Consultants Private Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for this IPO is Holani Consultants.
About Signoria Creation Limited
Signoria Creation Limited was founded in 2019, engaged in the business of manufacturing women’s clothing like Kurtis, pants, tops, co-ord sets, dupattas and gowns. Signoria Creation has two manufacturing units. Unit 1 and Unit 2, located in Mansarovar and Sanganer, Jaipur – Rajasthan. In September 2022, the company acquired a 500 sq metre plot, near to existing garment manufacturing which is under construction. As per records, the total operational capacity of the factory for FY 2022 – 2023 is over 4,77,000 pieces of the quality garments. Signoria Creation has 147 employees, including 22 permanent employees, 63 contract employees and 62 temporary employees in various departments – Accounting and finance, compliance, maintenance, marketing and logistics, products and operations.
Objectives of Signoria Creation IPO
The main objectives of this Initial public offer is to raise funds for funding the working capital requirements of the company. Other than this company will get the benefits of listing in the stock exchange. The issue expenses will be covered and the general corporate purpose will also be fulfilled.
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Financials of Signoria Creation Limited (Amt in Rs Lakhs)
The company reported a revenue of Rs 310.23 lakhs and profit after tax of Rs 39.03 lakhs for the period ending on 30 Jun 2023. Company’s revenue increased by 62.13% and profit after tax increased by 242.14% between the FY ending 31 March 2023 and 31 March 2022.
| Period Ended | 30-Jun-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 32.6 |
| 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 |
Other Important Details of Signoria Creation IPO
| IPO Date | March 12, 2024 to March 14, 2024 |
| Listing Date | 19-Mar-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 61 to Rs 65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,428,000 shares amounting to Rs 9.28 crore |
| Fresh Issue | 1,428,000 shares amounting to Rs 9.28 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 3,330,000 |
| Shareholding post issue | 4,758,000 |
| Market Maker portion | 72,000 shares |
Time-Table of Signoria Creation IPO
| 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 |
Lot Size of Signoria Creation IPO
| Application | Lots | Shares | Amount |
| Retail – minimum | 1 | 2000 | Rs 130,000 |
| Retail – maximum | 1 | 2000 | Rs 130,000 |
| HNI – minimum | 2 | 4,000 | Rs 260,000 |
IPO Reservation of Signoria Creation Limited
| Category Of Investors | Equity Shares Offered |
| Equity shares offered to Qualified Institutional Investors | Not more than 50 percent of the Net Issue |
| Equity shares offered to the Retail Investors | Not less than 35 percent of the Offer |
| Equity shares offered to Non-Institutional Investors | Not less than 15 percent of the Offer |
Promoters of Signoria Creation Limited and Their Holdings
The promoters of Signoria Creation company are Vasudev Agarwal and Babita Agarwal.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue |
Key Performance Indicator of Signoria Creation Limited IPO
| KPI | Values |
| ROE | 10.48% |
| ROCE | 7.38% |
| RoNW | 9.96% |
| P/BV | 0 |
| PAT Margin | 12.58% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.94 | 3.28 |
| P/E (x) | 9.37 | 19.81 |
Lead Manager(s) of Signoria Creation IPO
The lead manager for Signoria Creation IPO is Holani Consultants Private Limited.
How do you apply for the Signoria Creation IPO?
Wait for the public issue to open for subscription, then visit Bigul website to apply for the Signoria Creation Limited IPO with Bigul.
How do you check the allotment status of Signoria Creation IPO?
The registrar for Signoria Creation IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
- What is Signoria Creation IPO ?
Signoria Creation IPO is a book-built issue of Rs 9.28 crores. This upcoming IPO issue is completely a fresh issue of 48 lakh equity shares. The allotment for this IPO is expected to be finalised on Friday, March 15, 2024. The price is decided at Rs 61 to Rs 65 per share. The minimum lot size of this application for the retail category is 2000 shares.
- Who are the lead managers for the Signoria Creation Limited IPO?
Holani Consultants Private Limited is appointed as the lead manager for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Signoria Creation Limited, handling the IPO’s administrative aspects.
- How can I apply for the Signoria Creation IPO?
The public subscription of this IPO will open on March 12, 2024. Visit the Bigul website for the application process.
- How will the net proceeds from the IPO be utilised?
The main objectives of this Initial public offer is to raise funds for funding the working capital requirements of the company. Other than this company will get the benefits of listing in the stock exchange. The issue expenses will be covered and the general corporate purpose will also be fulfilled.
- How can I check the allotment status of the IPO?
Investors can check the allotment status of the Signoria Creation Limited IPO 2024 by visiting here.
- What is the financial performance of Signoria Creation Limited?
The company reported a revenue of Rs 310.23 lakhs and profit after tax of Rs 39.03 lakhs for the period ending on 30 Jun 2023. Company’s revenue increased by 62.13% and profit after tax increased by 242.14% between the FY ending 31 March 2023 and 31 March 2022.
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