Signoria Creation lists with 102% premium over issue price

The IPO, which was entirely a fresh equity issue of 14.28 lakh shares, received overwhelming response from investors with an overall subscription of over 600 times at close.

The net proceeds from the public offer will be used for general corporate purposes.

Signoria Creation is engaged in the manufacturing and marketing of women's apparel like Kurtis, pants, tops, Co-ord Sets, dupattas and Gowns. It is popularly known and identified in the apparel market by its brand name “Signoria”.

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The brand is known for its Kurtis with traditional designs having a wide range of colour, patterns and sizes. The company caters to those who are looking for clothing that is comfortable, stylish, and trendy.

The company's primary goal is to manufacture women's branded clothes under the Signoria brand. It has placed a strong emphasis on using high-quality materials and adhering to strict quality control guidelines, which guarantees that the clothing is produced to the highest standards of consistency and quality, winning our clients' faith and confidence.

Signoria said it is committed to creating only the best designs going forward. "We place a strong emphasis on involving our clients in the manufacturing process, and we go above and beyond to create samples and patterns to guarantee that our clients' ideas are accurately reflected in the final goods," it said.

The women apparel market is expected to be the fastest growing segment in the apparel industry, with a forecasted growth rate of 9.2% between FY20 and FY25. This market is projected to grow owing to factors like sustained growth of Indian daily wear and casualization of fashion.

For the period ended September 2023, the company clocked revenues of Rs 6.52 crore and net profit of Rs 64 lakh.

Holani Consultants acted as the lead manager to the issue and Bigshare Services was the registrar.

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