Signoria Creation’s initial public offering (IPO) entails a book-built issue valued at Rs 9.28 crores, comprising an issue of 14.28 lakh shares. The subscription window for the Signoria Creation IPO starts on March 12, 2024, and concludes on March 14, 2024.
Signoria Creation IPO GMP
Signoria Creation Limited, a women’s apparel company known for its brand “Signoria,” is set to launch its initial public offering (IPO) on March 12, 2024. The GMP for Signoria Creation’s IPO is ₹50.
| Description | Details |
| IPO Date | March 12, 2024 to March 14, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,428,000 shares (aggregating up to ₹9.28 Cr) |
| Fresh Issue | 1,428,000 shares (aggregating up to ₹9.28 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 3,330,000 |
| Shareholding post issue | 4,758,000 |
| Market Maker portion | 72,000 shares Holani Consultants |
The Signoria Creation IPO allocation is anticipated to conclude on Friday, March 15, 2024, and the IPO is scheduled to be listed on NSE SME with a tentative listing date set for Tuesday, March 19, 2024.
Signoria Creation IPO Reservation
Share reservation for Signoria Creation’s IPO:
- QIB (Qualified Institutional Buyers): Not more than 50.00% of the net offer will be reserved for institutional investors like mutual funds, insurance companies, and foreign institutional investors.
- Retail Investors: Not less than 35.00% of the offer will be allocated to individual retail investors. This ensures wider participation and distribution of shares among the general public.
- NII (Non-Institutional Investors) (Including HNI): Not less than 15.00% of the offer will be reserved for non-institutional investors, which includes wealthy individuals (HNIs) and other non-institutional entities. This category is further subdivided:
- Small NII: Investors bidding for shares worth between ₹2 lakhs and ₹10 lakhs are categorised as Small NII. They are allocated 1/3 of the NII reservation (i.e., 5% of the total offer).
- Big NII: Investors bidding for shares exceeding ₹10 lakhs are categorised as Big NII. They are allocated the remaining 2/3 of the NII reservation (i.e., 10% of the total offer).
Signoria Creation IPO Timeline
Key dates for Signoria Creation’s IPO:
- IPO Open Date: Tuesday, March 12, 2024
- IPO Close Date: Thursday, March 14, 2024
- Basis of Allotment: This refers to the process of finalising share allocation to investors based on their bids. It is expected to be completed on Friday, March 15, 2024.
- Initiation of Refunds: Unsuccessful applicants will receive a refund initiation on Monday, March 18, 2024. The actual credit to their accounts may take a few additional business days depending on their bank.
- Credit of Shares to Demat: Successfully allotted shares will be credited to the investors’ demat accounts on Monday, March 18, 2024.
- Listing Date: The tentative listing date for Signoria Creation’s shares on the NSE SME exchange is Tuesday, March 19, 2024.
- Cut-off time for UPI mandate confirmation: Investors applying through UPI (Unified Payments Interface) must confirm their UPI mandate by 5 PM on March 14, 2024, to ensure successful bid processing.
Signoria Creation IPO Lot Size and Investment Details
Lot Size: The minimum bid quantity for Signoria Creation’s IPO is 2,000 shares. This means investors can only apply for shares in multiples of 2,000 (e.g., 2,000, 4,000, 6,000, etc.).
Investment Details:
The table below summarises the minimum and maximum investment amounts for retail investors and HNI (High Net-worth Individuals):
| Investor Category | Minimum Lots | Minimum Shares | Minimum Investment Amount (₹) | Maximum Lots | Maximum Shares | Maximum Investment Amount (₹) |
| Retail | 1 | 2,000 | 130,000 (65 x 2,000) | 1 | 2,000 | 130,000 (65 x 2,000) |
| HNI | 2 | 4,000 | 260,000 (65 x 4,000) | – | – | – |
Note:
- Retail investors are limited to bidding for a maximum of 1 lot (2,000 shares), regardless of the price band.
- HNI investors do not have a maximum bidding limit but are required to bid for a minimum of 2 lots (4,000 shares).
How to apply for Signoria Creation IPO?
Steps to apply for Signoria Creation IPO are as follows:
- Ensure your Demat account is active and linked with your trading account.
- Log in to your broker’s online platform or mobile app.
- Locate the “IPO” section and search for “Signoria Creation”.
- Enter the desired quantity of shares (in multiples of the lot size) and the price you’re willing to pay.
- Carefully review and confirm your application details.
- If using UPI, provide your UPI ID and approve the mandate request within the stipulated time frame (usually 5 PM on March 14, 2024).
- Your broker will handle the application submission and keep you updated on the allotment status.