How To Check Signoria IPO Allotment Status

The Signoria Creation IPO closed on March 14. Signoria IPO received significant interest from investors as the SME IPO was oversubscribed by 666 times. The Signoria IPO allotment status is set to be finalised today, March 15.

If you applied for the IPO, here is how you can check the Signoria IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Signoria IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Signoria Creation" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Enter the captcha and click Submit to retrieve the Signoria IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the Signoria IPO allotment status will be visible.

Signoria IPO Subscription Status

As the subscription window for Signoria IPO draws to a close, the offering has seen substantial interest from investors across the board. Qualified Institutional Buyers (QIBs) have bid for 2.32 crore shares, oversubscribing the issue by 107.56 times.

Non-Institutional Investors (NIIs) have made a significant mark with bids for 32.36 crore shares subscribing 1,290.56 times. Retail Individual Investors' portion also received overwhelming interest as it was oversubscribed by 649.88 times.

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Signoria IPO GMP

The Signoria IPO GMP stands at ₹60, as per the latest updates. The Signoria IPO GMP has shot up significantly from the ₹25 on Thursday. If we add the revised GMP to the upper price band of ₹65, the expected listing price could be around ₹125 per share, an around 92% premium.

However, it's crucial for investors to understand that GMP is merely an indicator and should not be the sole factor considered when evaluating the company’s potential performance upon its stock market debut.

Signoria IPO Details

The Signoria IPO has set its price band at ₹61 to ₹65 per share, with a minimum lot size of 2000 shares, translating to a minimum investment of ₹130,000 for retail investors. The tentative listing date on the NSE SME platform is scheduled for March 19, 2024. With a total fresh issue size of ₹9.28 crores, the company is offering 14.28 lakh shares to the public.

Signoria Creation aims to utilize the net proceeds from its IPO to prepay or repay certain borrowings, finance its working capital requirements, and for general corporate purposes. The company has successfully garnered ₹180 crores from anchor investors prior to the public offering.

About Signoria Creation

Established in 2019, Signoria Creation Limited specializes in the manufacturing and sale of women's apparel, offering a wide range of products such as kurtis, pants, tops, co-ord sets, dupattas, and gowns. Operating from two manufacturing units situated in Jaipur, Rajasthan, the company recently expanded its infrastructure through the acquisition of a new plot.

The company’s total production capacity exceeded 4.77 lakh garment pieces for the fiscal year 2022-2023. As of mid-February 2024, the company boasts a dedicated workforce comprising 153 employees, encompassing both permanent and contract staff, across various departments.

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