Signoria Creation (NSE SME)
Mar 12, 2024 - Mar 14, 2024
| Price | ₹61 - ₹65 |
| Premium | ₹60 |
|---|---|
| Lot size | 2000 |
| Allotment | Mar 15, 2024 |
| Listing | Mar 19, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 130000 | 265 |
| HNI | 2 | 4000 | 260000 | 125 |
Last updated on 14-Mar-2024 17:00:06
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 216000 | 23232000 | 107.56 |
| NIB | 250000 | 322712000 | 1290.85 |
| RETAIL | 530000 | 344436000 | 649.88 |
| Total | 996000 | 690380000 | 693.15 |
| Retail Apps | 172218 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹112.64 | @8% ₹128.73 | @9% ₹144.82 | @10% ₹160.91 | @11% ₹177.01 | @12% ₹193.1 |
Signoria Creation anchor details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| Meru investment fund pcc cell 1 | 160000 | 50.00% | 1.04 |
| Ag dynamic funds limited | 160000 | 50.00% | 1.04 |
| Total | 320000 | 100.00% | 2.08 |
Signoria Creation IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Anchor | 22.4% | 320000 |
| QIB | 15.1% | 216000 |
| Retail | 37.1% | 530000 |
| NII (HNI) | 17.5% | 250000 |
| Market Maker | 5% | 72000 |
| Employee | 2.9% | 40000 |
| Total | 100% | 1428000 |
Signoria Creation Limited, established in 2019, has swiftly positioned itself as a prominent player in the women's clothing industry, specializing in a diverse range of garments including kurtis, pants, tops, co-ord sets, dupattas, and gowns. With manufacturing units strategically located in Mansarovar and Sanganer, Jaipur, Rajasthan, the company has further expanded its infrastructure by acquiring a plot in the RIICO Industrial Area, Mansarovar, Jaipur. This expansion underscores Signoria's commitment to enhancing its operational capabilities, with the new facility currently under construction expected to bolster its production capacity significantly. As of August 31, 2023, the company boasted a dedicated workforce of 147 employees, encompassing various departments crucial to its operations, including accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality assurance, and top management. This diverse team composition, comprising permanent, contract, and temporary staff, underscores Signoria's commitment to maintaining operational excellence and meeting the dynamic demands of the fashion market.
Signoria Creation IPO Details
| 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 |
| Share holding pre issue | 3,330,000 |
| Share holding post issue | 4,758,000 |
| Market Maker portion | 72,000 shares Holani Consultants |
Key Performance Indicator
| KPI | Sept-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 10.48% | 62.95% | 57.66% |
| ROCE | 7.38% | 24.52% | 29.64% |
| RONW | 9.96% | 39.62% | 44.76% |
| D/E | - | 1.80 | 2.50 |
| EPS (basic & diluted) | 5.81 | 27.7 | 13.51 |
| P/E (Pre IPO) | 9.37 | - | - |
| P/BV | 1.11 |
Company Financials
Signoria Creation Limited Financial Information (Restated)
Signoria Creation Limited's revenue increased by 62.13% and profit after tax (PAT) rose by 242.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 2614.56 | 2,334.92 | 950.76 | 597.88 |
| Revenue | 652.92 | 1,915.81 | 1,181.64 | 588.98 |
| Profit | 64.52 | 231.05 | 67.53 | 32.60 |
| Net Worth | 647.75 | 583.23 | 150.88 | 83.35 |
| Reserves | 536.75 | 472.23 | 100.88 | 33.35 |
| Borrowing | 1263.93 | 1,050.26 | 376.84 | 223.15 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Experienced Management and Workforce: Signoria Creation Limited benefits from an experienced management team with a deep understanding of the fashion industry and effective leadership skills. Additionally, the workforce is skilled and proficient, contributing to the company's operational efficiency and overall success.
Established Manufacturing Facility: With two manufacturing units in strategic locations in Jaipur, Signoria possesses a well-established infrastructure equipped to handle production demands efficiently. The acquisition of additional land for expansion further solidifies its manufacturing capabilities, positioning the company for future growth.
Focus on Quality and Safety: Signoria prioritizes the quality of its products and maintains stringent safety standards across its manufacturing processes. This commitment to quality assurance not only enhances customer satisfaction but also ensures compliance with industry regulations, fostering trust and loyalty among clients.
Cost Leadership and Time-bound Execution: The Company demonstrates a strong focus on cost management, enabling it to offer competitive pricing while maintaining profitability. Moreover, Signoria emphasizes time-bound execution, efficiently meeting deadlines and fulfilling client orders promptly, enhancing its reputation for reliability and efficiency in the market.
Risk Factors
Competitive and Fragmented Industry: Signoria operates in a highly competitive and fragmented industry, where competitors may offer similar products at competitive prices. This could lead to pricing pressures, reduced market share, and challenges in maintaining profitability.
Dependency on Leased Properties: The Company’s reliance on leased properties for its registered office and manufacturing facilities exposes it to the risk of termination or disputes regarding lease agreements. Any adverse developments in these agreements could disrupt business operations and negatively impact financial performance.
Legal Litigations and Regulatory Risks: Signoria faces the risk of adverse outcomes in pending litigations against the company and its directors. Legal disputes could result in financial liabilities, penalties, and reputational damage, impacting business operations and financial stability.
Working Capital Requirements: The Company’s continued growth necessitates significant amounts of working capital. Inability to meet these requirements may hinder operational efficiency, limit growth opportunities, and negatively impact financial performance.
Inventory Management Challenges: Effective inventory management is crucial for maintaining sales, profitability, cash flow, and liquidity. Failure to manage inventory levels efficiently could result in excess inventory, leading to increased storage costs, obsolete stock, and potential markdowns, thereby affecting overall financial health.
Signoria Creation IPO Lead Manager(s)
- Holani Consultants Private Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html