Signoria Creation lists with 102% premium over issue price
Signoria Creation debuted on the NSE SME platform with a premium of 101.54% on Tuesday. The stock listed at Rs 131 on NSE as against an issue price of Rs 65.
Ahead of the listing, the company's shares traded with a premium of Rs 60 in the unlisted market.
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
