Signoria Creation Limited IPO : Key Updates

Signoria Creation Limited IPO is set to launch on 12 March, 2024. The company initiated its business operations in the year 2019. It manufactures and sells various kinds of women’s clothing such as tops, kurtis, co-ords, pants, gowns and dupattas. It has 2 manufacturing units in Rajasthan. Signoria Creation Limited has an annual capacity of more than 477000 units of garments. The company has an active employee base of 153 people with 108 contract workers and 45 permanent employees. 

Signoria Creation Limited IPO DETAILS

Signoria Creation Limited IPO is set to launch on 12 March, 2024. The subscription timeline extends till 14 March, 2024. The size for the IPO is 9.28 Crore Rs. Shares issued through fresh issue mode are worth Rs 9.28 Crore. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 61 Rs to 65 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Signoria Creation Limited IPO

Signoria Creation Limited IPO: IMPORTANT DATES

Signoria Creation Limited IPO begins for subscription from 12 March, 2024. The IPO subscription would continue till 14 March, 2024. The allotment status for the shareholders who applied would come on 15 March, 2024. The refunds for the ones who did not get allotment would be initiated on 18 March, 2024. The DEMAT accounts of shareholders would be credited on 18 March, 2024. The listing of the company would be completed on 19 March, 2024.

Signoria Creation Limited IPO: Lead Managers

The lead managers are :

• Holani Consultants Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 130000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 260000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Signoria Creation Limited had an asset base of 597 Lakh Rs in 2021 which increased to 950 Lakh Rs in 2022. The asset base of the company increased to 2334 Lakh Rs in 2023. The revenue of the company was 588 Lakh Rs in 2021 which boosted to 1181 Lakh Rs in 2022. The company’s revenue was at 1915 Lakh Rs in the year 2023. 

Signoria Creation Limited had a profit of 32 Lakh Rs in 2021. This doubled to 67 Lakh Rs in the year 2022. The profit for the company increased by more than 3.5 times to 231 Lakh Rs in the year 2023. Overall the financials of the company indicate a positive growth in the company every year. In less than 5 years the company has been earning in Crores with a PAT ratio of 10% in the last financial year.

PROS

• Its product portfolio includes a variety of garments such as tops, kurtis, co-ords, pants, gowns and dupattas. It has 2 manufacturing units in Rajasthan. 
• Signoria Creation Limited has an annual capacity of more than 477000 units of garments. 
• The company has an active employee base of 153 people with 108 contract workers and 45 permanent employees. 

Signoria Creation Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Signoria Creation Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.