Today, March 19, Signoria Creation’s IPO got listed on the stock market.
It’s a good start for the company as its shares began trading at ₹131 each, which is 101% higher than the price at which they were initially offered, which was ₹65.
Here are some details about Signoria Creation’s IPO
1) The IPO was open for investors to subscribe from March 12 to March 14.
2) The price range for the IPO was between ₹61 to ₹65 per share, with a face value of ₹10 each.
3) Investors had to buy in lots of 2,000 shares, and they could bid for at least 2,000 shares or more.
4) Over half of the shares offered in the IPO were reserved for qualified institutional buyers (QIBs), while 15% were set aside for non-institutional investors (NIIs), and 35% for retail investors.
5) The IPO aimed to raise ₹9.3 crore by issuing 14.28 lakh new shares.
The IPO received an overwhelming response from investors, with it being subscribed over 600 times.
This means that the demand for shares was much higher than what was available.
Retail investors subscribed to it 649.88 times, non-institutional buyers subscribed 1,290.56 times, and qualified institutional buyers subscribed 107.56 times.
Holani Consultants managed the IPO, and BigShare Services Signoria Creation is the registrar.
Remember, this information is not a recommendation to invest. Investing in stocks carries risks, so make sure to consider carefully before making any decisions.
