Signoria Creation IPO share allotment likely on March 15: Steps to check status online

Signoria Creation IPO share allotment status is likely to be finalised by on Friday, March 15. The Women apparel maker Signoria Creation is expected to decide the share allotment after the initial public offer saw a strong demand during the subscription period.

Signoria Creation IPO was subscribed 666 times on the final day of bidding on March 14.

After finalising the share allotment, the Jaipur-based apparel manufacturer is expected to initiate refund for unsuccessful bidders and Demat transfers for allottees on March 18. Signoria Creation is expected to make its market debut with the listing of shares on the NSE Emerge platform on March 19.

How to check Signoria Creation IPO share allotment status

As the issue has been subscribed multiple times, the share allotment will be through the lottery system. Successful bidders will be informed by the company about share allotment through emails and SMS. Investors can also check the allotment status on the official websites of NSE and IPO registrar, Bigshare Services Pvt Ltd.

Steps to check share allotment on NSE website

Investors can easily check the share allotment by following a few simple steps.

• Go to NSE website (https://www.nseindia.com)
• Login with username and password (Investors need to create a username and password on the NSE website before checking the status.)
• Select Signoria Creation IPO
• Verify PAN No
• Enter IPO application No
• Click on Submit

Steps to check IPO share allotment status on registrar’s website

Investors can also check the status on the official website of registrar, Bigshare Services Pvt Ltd.

• Go to the official website of Bigshare Services Pvt Ltd (https://www.bigshareonline.com)
• Click on IPO Allotment Status
• Select any server
• Select the Signoria Creation IPO from the dropdown list
• Enter your application number, PAN or Demat account number
• Submit to check share allotment status.

Signoria Creation IPO subscription and other key details

The ₹9.28-crore public offer comprised a fresh issue of 14,28,000 equity shares. The IPO opened for subscription on March 12. The IPO price band was fixed at ₹61-65 per share. The lot size was 2,000 equity shares. The minimum investment at the lower end of the price band was ₹1,22,000 for retail investors.

At close of the subscription, applications for 69.03 crore (69,03,08,000) equity shares were received against 10.36 lakh (10,36,000) equity shares on offer. The issue was subscribed 666.32 times.

Among the investors’ category, qualified institutions placed bids for 2,32,32,000 equity shares against 2,16,000 shares reserved for them, resulting in an overall subscription of 107.56 times.

The non-institutional investors’ category was subscribed a whopping 1,290 times as applications for 32,27,12,000 equity shares were received against 250,000 equity shares on offer.

Retail Individual Investors’ category was subscribed 649.88 times with total bids for 34,44,36,000 equity shares against 530,000 on offer.

About Signoria Creation

Signoria Creation Ltd is a Jaipur-based women's apparel manufacturer. The company produces and markets apparel under the Signoria brands. It makes apparel such as tops, kurtis, pants, gowns, co-ord sets and dupattas.

The company has a manufacturing unit in Jaipur, Rajasthan. It sells its products across India through wholesalers. It has one or two wholesalers in each state such as Rajasthan, Gujrat, Delhi,Madhya Pradesh, Maharashtra and Uttar Pradesh.