Signoria Creation IPO Marks Strong Debut, Lists at 101% Premium on IPO Price

Signoria Creation Makes Stellar Debut and Hit Upper Circuit

Women's apparel maker Signoria Creation IPO made a strong debut on the stock exchanges on Tuesday, 19 March, as its shares were listed at an impressive 100% premium. Signoria Capital shares debuted at ₹131 per share on the NSE Emerge which was more than double its issue price of ₹65 per share. After the listing the stock jumped 5% reaching a high of ₹137.55 on the exchange. Investors witnessed gains as the company's market capitalization soared to ₹65.45 crore compared to the initial ₹31 crore valuation at the issue price of ₹65 per share. This increase reflects the anticipation of a strong listing which was evident from the robust subscription. As of the latest update, Signoria's share price has reached the upper circuit limit currently locked at ₹137.50. Around 74,000 buy orders are pending indicating strong demand while there are no sellers at present.

Signoria Creation IPO Subscription and IPO Details

The highly anticipated listing success follows the overwhelming response to Signoria Creation IPO which gained a massive subscription rate of 666 times. By day three of the subscription period the IPO had been subscribed 666.32 times indicating intense investor interest. Retail investors displayed enthusiasm by subscribing to their portion by 649.88 times. Non institutional investors also showed strong interest by subscribing to their share set by 1,290.56 times. Qualified institutional buyers while comparatively lower still subscribed 107.56 times.

Read Signoria Creation IPO Subscribed 666.32 times

Signoria Creation IPO opened for subscription on12 March and closed on 14 March and offered shares in the price range of ₹61 to ₹65 with each share having a face value of ₹10. Retail investors were required to make a minimum investment of ₹1,22,000. Exchange data revealed an overwhelming response with applications for 69.03 crore equity shares received against the 10.36 lakh equity shares on offer. Signoria Creation IPO valued at ₹9.28 crore includes a total of 14,28,000 newly issued equity shares each of these shares has a face value of ₹10. There was no offer for sale component all shares are part of a fresh issue. Total net proceeds from the new offering are earmarked for funding the company's working capital requirements and general corporate objectives.

About Signoria Creation Ltd

Signoria Creation Limited founded in 2019 and headquartered in Jaipur, Rajasthan is a prominent women's apparel manufacturer renowned for its traditional Kurtis, tops, pants, gowns, Co-ord Sets and dupattas under the Signoria brand. The company operates two manufacturing units, Unit I and Unit II located in Mansarovar and Sanganer, Jaipur respectively.

In a move to expand its production capacity Signoria acquired a 501.33 square meter plot near its existing factory in Mansarovar, Jaipur which is currently under construction. Once operational this new facility will augment the company's manufacturing capabilities. Signoria Creation's distribution network spans across India primarily leveraging wholesalers for product distribution. The company maintains a strong presence in key markets such as Rajasthan, Gujarat, Delhi, Madhya Pradesh, Maharashtra, Uttar Pradesh and other states.

Read What you must know about Signoria Creations IPO?

Through its distinctive blend of traditional designs and contemporary styles Signoria Creation has established itself as a trusted brand in the women's apparel segment, offering customers a diverse range of high quality garments.

To Summarize

Investors now face the decision of whether to sell their shares and lock in their gains or hold onto them for potential future growth. Those who aimed for quick profits have already made a gain of 101.54% on the first day of listing. Meanwhile, investors willing to take on more risk might consider holding onto their shares for the medium to long term hoping for further appreciation in value.