Signoria Creation Additional IPO Update: Following an impressive response from investors during the offer period from March 12 to March 14, the focus now shifts to the allotment process for Signoria shares.
The allocation for the Signoria Creation IPO is expected to be completed today. Investors can track their allotment status through the registrar, Bigshare Services Private Limited.
Considering the oversubscription in the retail category, shares will be allotted to retail individual investors (RIIs) on a pro rata basis. For those who do not receive a grant, Signoria will begin the refund process for the application money on March 18, 2024.
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At the same time, investors who are allotted shares will have them credited to their demat accounts on the same day after the refund. Signoria Creation is an SME IPO, with shares listed to be listed on NSE SME platform, tentatively scheduled for March 19, 2024.
Steps to Check Signoria IPO Allotment Status
Step 1: Visit Bigshare: Signoria Creation Stock IPO allotment link.
Step 2: Select “Signoria Creation IPO” in the company name section.
Step 3: Select ‘Application No./CAF No., Beneficiary ID, or PAN Number.
Step 4: Click ‘Search’.
Your Signoria Creation IPO status will be displayed on your computer screen or mobile.
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About Signoria Creation
Signoria Creation specializes in manufacturing and selling women’s clothing, including a range of items such as dresses, dupattas, kurtas, pants and tops. Famous for its classic kurtis, the brand offers modern, fashionable and comfortable clothes. In the first quarter ending June 30, 2023, the company launched Co-ord Set for women as a new addition to its product range.
Signoria Creation IPO Details
The Signoria Creation IPO, valued at ₹9.28 crore, consists of a fresh issue of 14,28,000 equity shares with a face value of ₹10 each. The whole thing is a fresh offer without an offer-sell component. The net proceeds of the offering will be used for general corporate purposes and working capital needs.
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Signoria Creation IPO Subscription Status
Signoria Creation IPO subscription status stood at 666.32 times on Day 3, with strong demand from retail investors (649.88 times) and non-institutional buyers (1,290.56 times). Qualified institutional buyers subscribed to the issue 107.56 times. The company received offers for 69,03,08,000 shares, against the 10,36,000 shares offered.
Also Read: Popular Vehicles IPO fully subscribed on Day 3 led by QIBs, retail investors
Signoria Creation IPO Gray Market Premium
According to market observers, the Signoria GMP today, or gray market premium today, is ₹60 per share. With the upper end of the IPO price band set at ₹65 and the current premium in the gray market, the estimated list price of Signoria Creation’s stock is ₹125 per, indicating a 92.3% increase over the issue price. The “grey market premium” reflects the willingness of investors to pay more than the issue price.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
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Published: 15 Mar 2024, 13:21 IST