Signoria Creation IPO

Signoria Creation Limited

₹1,22,000 /2000 sharesMinimum Investment

Signoria Creation IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹65.00₹131.00₹66.00 (101.54%)

Signoria Creation IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
12 Mar ‘24 - 14 Mar ‘24₹1,22,0002,000₹61 - ₹65
Issue SizeIPO Doc
9.28Cr
RHP PDF

About Signoria Creation

Signoria Creation Limited is a manufacturer and marketer of women's apparel, including Kurtis, pants, tops, Co-ord Sets, dupattas, and gowns. The company markets its products under the brand name "Signoria,". The company offers traditional Kurtis featuring a diverse range of colors, patterns, and sizes. It focuses on making comfortable, stylish, and trendy clothing. The company’s 2 manufacturing units are located in Jaipur, Rajasthan. The company’s operational capacity for the F.Y. 2022-2023 from its factory totals up to over 4,77,000 pieces of garments. ;
Parent Organisation
Signoria Creation Limited
Founded
2019
Managing Director
Mr. Vasudev Agarwal

Strengths & Risks

  • As per the company, its manufacturing units are equipped to carry out end-to-end manufacturing activities starting from the designing of products to production and testing of finished goods and packaging thereafter.
  • The company reported revenue from operations of Rs. 5.85 cr, Rs. 11.82 cr, and Rs. 19.15 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after Tax of Rs. 0.33 cr, 0.68 cr, and Rs. 2.31 cr.
  • The Company has received ISO 9001:2015 certification from Quality Research Organisation for Quality Management System.
  • The company relies significantly on a limited number of suppliers, with 76.45%, 52.04%, 49.81%, and 53.71% of Total Purchases originating from the top 10 suppliers for the quarter ended June 30, 2023, and Fiscal Years ended on March 31, 2023, 2022, and 2021, respectively.
  • The company depends significantly on a limited number of customers, with 80.09%, 66.15%, 51.60%, and 47.17% of its revenue derived from the top 10 customers during the quarter ended June 30, 2023, and fiscal years ended on March 31, 2023, 2022, and 2021, respectively. Any decision by one or more of these customers to seek alternatives may adversely affect the company's business, financial condition, and results of operations.
  • The company faces ongoing legal proceedings involving certain directors, and an unfavourable outcome in these cases may expose them to liabilities and penalties, potentially impacting the business, results of operations, and financial conditions.
  • The company has had negative cash flow from operating activities. Its Cash from operating activities for FY 21, 22, and 23 was Rs. (0.20) cr, Rs. (0.83) cr and Rs. (1.14) cr respectively.
  • As of September 30, 2023, the company holds unsecured loans totalling Rs. 2.96 cr. Any demand for repayment of these may adversely impact the company's cash flows.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular61 - 65₹2 Lakh
High Networth Individual61 - 65₹2 - 5 Lakh
For Signoria Creation IPO, eligible investors can apply as Regular.
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