Signoria Creation, a promising SME IPO, is set to make its debut on the NSE SME platform on March 19, 2024. With its focus on women’s clothing, this IPO has garnered significant attention from investors during its subscription period.
IPO Allotment Update
Following an overwhelming response from investors from March 12 to March 14, the allotment process for Signoria shares is now in progress. Investors eagerly await the finalisation of the allotment, expected to be completed today.
How to Check IPO Allotment Status
Investors can easily track their allotment status by visiting the official website of the registrar, Bigshare Services Private Limited. Here are the steps to check your Signoria IPO allotment status:
- Visit Bigshare’s IPO allotment link: Signoria Creation IPO Allotment
- Select “Signoria Creation IPO” from the company name section.
- Choose your preferred search method: Application No/CAF No, Beneficiary ID, or PAN Number.
- Click on ‘Search’ to view your allotment status.
About Signoria Creation
Signoria Creation specializes in manufacturing and selling a diverse range of women’s clothing, including dresses, dupattas, kurtas, trousers, and tops. Renowned for its classic kurtis, the brand offers modern, fashionable, and comfortable clothing options for women. Notably, in the first quarter ending June 30, 2023, Signoria introduced Co-ord Set for women, expanding its product lineup.
IPO Details
The Signoria Creation IPO, valued at ₹9.28 crore, comprises a fresh issue of 14,28,000 equity shares with a face value of ₹10 each. The entire issue is a fresh offering with no offer-for-sale component. The net proceeds from the IPO will be utilized for general corporate purposes and working capital needs.
Subscription Status
The Signoria Creation IPO witnessed overwhelming subscription, standing at 666.32 times on Day 3 of the bidding process. Retail investors showed strong interest, subscribing 649.88 times, followed by non-institutional buyers at 1,290.56 times. Qualified institutional buyers also participated actively, subscribing 107.56 times. The company received bids for 69,03,08,000 shares against the 10,36,000 shares on offer.
Grey Market Premium
Market observers indicate a significant grey market premium for Signoria Creation IPO, currently estimated at ₹60 per share. With the upper end of the IPO price band set at ₹65, this premium suggests an estimated listing price of ₹125 per share, reflecting a remarkable 92.3% increase over the issue price. The grey market premium underscores investors’ willingness to pay above the issue price for Signoria Creation shares.
