The price range for buying shares of Signoria Creation IPO is between ₹61 to ₹65. Each share originally costs ₹10.
The IPO will be available for people to buy from Tuesday, March 12, to Thursday, March 14.
You need to buy at least 2,000 shares, and you can buy more in multiples of 2,000 shares. In the gray market, the Signoria Creation IPO is valued at a premium of Rs 50.
Experts estimate that when Signoria Creation shares are listed, they might start at ₹115 per share, which would be a 76.92% increase from the IPO price.
What do we know about the company?
According to the RHP (Red Herring Prospectus), a similar company called Nandani Creations Ltd has a high P/E ratio of 585.90.
Signoria Creation Limited’s revenue increased by 62.13% in the financial years ending March 31, 2022, and March 31, 2023, and its profits after tax (PAT) increased by 242.14%.
The Signoria Creation IPO is valued at ₹9.28 crore, and it’s a new offering, meaning it’s not selling existing shares.
What does the company do?
The company makes and sells clothes for women, like dresses, dupattas, kurtis, trousers, tops, and co-ord sets, as mentioned in the RHP.
Their kurtis are especially popular and come in various colors, patterns, and sizes. The brand focuses on making trendy and comfortable clothes.
They’ve recently added co-ord sets for women to their collection, as of the first quarter ended June 30, 2023.
