Signoria Creation Limited is engaged in manufacturing and marketing women apparel like Kurtis, pants, tops, Co-ord Sets, dupattas and Gowns. They are popularly known and identified in the apparel market by their brand name “Signoria”. Their brand is known for its Kurtis, with traditional designs having a wide range of colours, patterns and sizes. They are mostly engaged in the B2B business.
Their operational capacity for FY 2022-2023 from their factory totals up to over 4,77,000 pieces of quality garments. The company also possesses the ability to increase its operational capacity as and when required on the basis of customer demands. Apart from the manufacturing activity undertaken by the company, the company also gets job work done for products.
The women’s wear market in India is expected to grow from ₹75,704 crores in FY 2021 to ₹1,68,222 crores in FY 2025, i.e. growing at a CAGR of 22.09%. An organised player like Signoria Creation can benefit from such an expansion of its industry as a whole.
Signoria Creation Ltd IPO Details
Signoria Creation Ltd IPO Dates
The bidding for the Signoria Creation IPO will open from March 12, 2024, to March 14, 2024.
Signoria Creation Ltd IPO Price Band
Signoria Creation is a book-built IPO with a price of ₹61 to ₹65 per share.
Signoria Creation Ltd IPO Lot Size
The Signoria Creation Ltd IPO lot size has been decided at 2,000 shares.
Signoria Creation Ltd IPO Objectives
The net proceeds will be utilised towards funding the following:
- Arranging funds for the working capital requirements of the company.
- General corporate purposes.
Peer Details
The company has one listed peer, i.e. Nandani Creations Limited.
How to Check the Allotment Status of the Signoria Creation Ltd IPO?
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- Go to the IPO Section and then to IPO Orders.
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Contact Details of Signoria Creation Ltd
Registered office: 324, Ayekar Nagar II, Near RICCO Industrial Area, Mansarovar, Jaipur, Rajasthan – 302020, India
Phone: +91 9358838830
E-mail: cs@signoria.in
IPO Financials
| Particulars | Period Ended on June 30, 2023 | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 |
|---|---|---|---|
| Total Revenue | 310.23 | 1,915.81 | 1,181.64 |
| Profit (Loss) for the Year | 39.03 | 231.05 | 67.53 |
| Current Ratio | - | 1.90 | 1.77 |
| Inventory Turnover Ratio | - | 4.05 | 2.72 |
Know before investing
Strengths
2The company promotes cost leadership and timely execution of client orders. The timely fulfilment of orders is a prerequisite in their industry, and cost leadership entails cost-efficient manufacturing processes.
They focus on building sustained and long-term client relationships with their clients and constantly try to cater to customer needs with products in demand.
Risks
2They are highly dependent upon a limited number of suppliers. 76.45%, 52.04%, 49.81% and 53.71% of their total purchases were derived from their top 10 suppliers for the quarter ended June 30, 2023, and fiscal years ended on March 31, 2023, 2022 and 2021. This makes their operations dependent on a handful of suppliers.
They derived 80.09%, 66.15%, 51.60% and 47.17% of their revenue from top 10 customers during the quarter that ended June 30, 2023, and the fiscal years 2023, 2022 and 2021. If one or more of such customers choose not to source their requirements from them, their business, may be adversely affected.
