Signoria Creation IPO is a book built issue of Rs 9.28 crores. The issue is entirely a fresh issue of 14.28 lakh shares.
Signoria Creation IPO opens for subscription on March 12, 2024 and closes on March 14, 2024. The allotment for the Signoria Creation IPO is expected to be finalized on Friday, March 15, 2024. Signoria Creation IPO will list on NSE SME with tentative listing date fixed as Tuesday, March 19, 2024.
Signoria Creation IPO price band is set at ₹61 to ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹260,000.
Holani Consultants Private Limited is the book running lead manager of the Signoria Creation IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Signoria Creation IPO is Holani Consultants.
Refer to Signoria Creation IPO RHP for detailed information.
Signoria Creation IPO Details
| IPO Date | March 12, 2024 to March 14, 2024 |
| Listing Date | [.] |
| 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 Holani Consultants |
Signoria Creation IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Signoria Creation IPO Timeline (Tentative Schedule)
Signoria Creation IPO opens on March 12, 2024, and closes on March 14, 2024.
| 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 |
Signoria Creation IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
| Lot Size Calculator | |||
Signoria Creation IPO Promoter Holding
Mr. Vasudev Agarwal, Ms. Babita Agarwal, Mr. Mohit Agarwal and Ms. Kritika Chachan are the company’s promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Signoria Creation Limited
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 Financial Information (Restated Standalone)
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 |
| Revenue | 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 | ||||
Key Performance Indicator
The market capitalization of Signoria Creation IPO is Rs 30.93 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 10.48% |
| ROCE | 7.38% |
| RoNW | 9.96% |
| P/BV | 1.11 |
| PAT Margin (%) | 9.88 |
Check Signoria Creation IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.94 | 3.28 |
| P/E (x) | 9.37 | 19.81 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2023 that is available in RHP.
Objects of the Issue (Signoria Creation IPO Objectives)
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the Company; and
- General corporate purposes.
Signoria Creation Limited Contact Details
Signoria Creation Limited
324, Ayekar Nagar II,
Near RICCO Industrial Area, Mansarovar,
Jaipur – 302020
Phone: +91 9358838830
Email: cs@signoria.in
Website: https://signoria.in/
Signoria Creation IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html