Signoria Creation IPO Subscribed 666.32 times

About Signoria Creation IPO

Signoria Creation IPO, aiming to raise ₹ 9.28 cr through issuance of 14.28 lakh fresh shares. Investors have opportunity to subscribe to IPO from March 12 to March 14, 2024. Allotment of shares is anticipated to be finalized on March 15, 2024, with company planning to list on NSE SME on March 19, 2024.

Signoria Creation IPO price band is set between ₹61 to ₹ 65 per share, with minimum lot size of 2000 shares. For retail investors, minimum investment required is ₹130,000, while High Net Worth Individuals (HNIs) are required to invest minimum of ₹260,000.

Read more about Signoria Creation IPO

Signoria Creation, established in 2019, specializes in manufacturing & sale of women's clothing such as kurtis, pants, tops, co-ord sets, dupattas, & gowns. Company operates two manufacturing units located in Mansarovar & Sanganer, Jaipur, Rajasthan. Additionally, it recently acquired 501.33 square meter plot in Mansarovar for expansion, indicating its growth aspirations.

Holani Consultants Private Limited serves as book running lead manager for IPO, overseeing its execution. Bigshare Services Pvt Ltd has been appointed as registrar to manage IPO process efficiently. Investors are keenly watching Signoria Creation's IPO as it signifies significant step forward for company's growth trajectory.

Final Subscription Status of Signoria Creation IPO.

Here is final subscription status of Signoria Creation IPO as at close on by 14-Mar-24 5:30:00 PM.

Total Application: 172,218

1. Anchor Investors & Market Maker: Both Anchor Investors & Market Makers subscribed to IPO at 1 time shares offered, indicating moderate interest from these categories. Anchor Investors bid for all shares offered to them, reflecting confidence in company's prospects.

2. Qualified Institutions: Qualified Institutions showed exceptionally high interest in IPO, subscribing at 107.56 times shares offered. This overwhelming demand from institutional investors signals strong confidence in Signoria Creation Limited's business model & growth potential.

3. Non-Institutional Buyers (NIBs): Non-Institutional Buyers subscribed at extraordinary rate of 1,290.56 times shares offered. This indicates overwhelming demand from high net worth individuals & other non-institutional investors, showcasing significant confidence in IPO.

4. Retail Investors: Retail investors also demonstrated substantial interest in IPO, subscribing at 649.88 times shares offered. This indicates robust participation from individual investors, reflecting confidence in company's prospects & attractiveness of IPO.

Overall, Signoria Creation Limited IPO received immense demand across all investor categories, with subscription rates significantly exceeding shares offered. This suggests strong investor confidence in company's growth prospects & indicates positive market reception for IPO.

Signoria Creation Limited Allocation Quota for Various Categories

Data Source: NSE

How Subscription Built up for Signoria Creation IPO?

As of 14 mar 24, 17:21

Here are key takeaways from subscription numbers on day-wise basis for Signoria Creation Limited. as of close of IPO on 14th March 2024.

1. Day 1 saw modest interest from Qualified Institutions (QIBs) but strong demand from Non-Institutional Buyers (NII) & Retail investors, resulting in total subscription of 50.12 times.
2. On Day 2, interest increased across board, with QIBs, NII, & Retail investors showing significant subscription rates, totaling at 145.01 times.
3. Final day witnessed overwhelming demand from all categories, with QIBs, NII, & Retail investors subscribing at extraordinary rates.

Overall, IPO received massive subscription of 666.32 times, indicating exceptional market reception & investor confidence.