Admin
04 March 2024

Detailed Guide to Signoria Creation IPO: An Emerging Player in Women's Apparel

Introduction:

Signoria Creation Limited is gearing up to open its Initial Public Offering (IPO) for subscription from March 12, 2024, to March 14, 2024. Specializing in the manufacture and sale of women's clothing, the company is seeking to raise ₹9.28 crores through the sale of 14.28 lakh shares, with each share priced between ₹61 to ₹65.

Key IPO Information:

IPO Dates	Listing Date	Price	Lot Size	Total Issue Size
March 12, 2024, to March 14, 2024	March 19, 2024, on NSE SME	₹61 to ₹65 per share	2000 Shares	1,428,000 shares (₹9.28 Cr)

IPO Allocation:

QIB Shares Offered	Retail Shares Offered	NII (HNI) Shares Offered
Up to 50% of the net offer	At least 35% of the offer	At least 15% of the offer

Management Team:

Lead Manager	Registrar	Market Maker
Holani Consultants Private Limited	Bigshare Services Pvt Ltd	Holani Consultants

About Signoria Creation Limited:

Established in 2019, Signoria Creation has swiftly grown into a notable name in the fashion industry, specializing in kurtis, pants, tops, co-ord sets, dupattas, and gowns. With two manufacturing units in Jaipur, Rajasthan, the company has shown a remarkable capacity for producing over 4,77,000 pieces of garments in the fiscal year 2022-2023. As of February 15, 2024, Signoria Creation employs 153 staff members across various departments.

Financial Performance:

Revenue for FY 2023	Profit After Tax for FY 2023	Growth
₹1,915.81 Lakhs	₹231.05 Lakhs	Revenue increased by 62.13%, and PAT rose by 242.14% from FY 2022 to FY 2023

IPO Objectives:

The funds from the IPO will be used for:

1. Funding working capital requirements of the Company.
2. General corporate purposes.

Frequently asked Questions (FAQs )

What is Signoria Creation IPO?

Signoria Creation IPO is a public offering by Signoria Creation Limited, aiming to raise funds for working capital needs and other corporate purposes by listing on theNSE SME platform.
How can I apply for Signoria Creation IPO?

Investors can apply for the Signoria Creation IPO through their brokerage account using platforms like Zerodha, or through any bank that offers IPO application services.
What is the lot size of Signoria Creation IPO?

The lot size for the Signoria Creation IPO is 2000 shares, requiring a minimum investment of ₹130,000.
When will the Signoria Creation IPO allotment be finalized?

The allotment for the Signoria Creation IPO is expected to be finalized on March 15, 2024.
When will the Signoria Creation IPO list?

The Signoria Creation IPO is expected to list on the NSE SME platform on March 19,2024.

Investment Perspective:

Signoria Creation Limited presents an appealing investment opportunity within the SME segment, particularly for those interested in the growing women's apparel industry. With its robust financial growth and strategic focus on quality garment

manufacturing, the company is well-positioned to leverage market opportunities. While the issue price may appear aggressive based on H1-FY24 performance, the seasonal nature of the business suggests potential for significant revenue in the second half of the fiscal year.

Read More IPO related blogs - Royal Sense IPO