Unveiling Signoria Creation Limited's IPO: A Comprehensive Guide
Introduction:
Signoria Creation Limited is set to launch its IPO on March 12, 2024, presenting an enticing investment opportunity. As we delve into the details, discover key insights into this SME segment stock.
Signoria Creation is gearing up for its initial public offering (IPO), with the price band set at ₹61 to ₹65 per share of face value ₹10 each. The IPO subscription window is scheduled to open on Tuesday, March 12, and will close on Thursday, March 14. Investors looking to participate should note that the lot size for Signoria Creation IPO comprises 2,000 shares, and bids can be placed in increments of 2,000 shares.
In terms of valuation, the floor price is established at 6.10 times the face value of equity shares, while the cap price is set at 6.50 times the face value of equity shares. This presents a unique investment opportunity, allowing investors to engage with Signoria Creation's IPO within the specified price range. Stay tuned for further updates as the IPO journey unfolds.
1. IPO Overview:
Opening Date: March 12, 2024
Closing Date: March 14, 2024
Allotment Date: March 15, 2024
Refund Initiation: March 18, 2024
Demat Transfer: March 18, 2024
Listing Date: March 19, 2024
Mandate Ends: March 29, 2024
2. Stock Details:
Lot Size: 2000 shares
Price Range: $61.0 - $65.0
Investor Type: Individual investor
Issue Size: 14,28,000 shares
Discount: N/A
3. SME Segment Considerations:
SME stocks often exhibit lower liquidity and increased risk.
Lot size of 2000 shares post-listing on NSE.
4. Subscription Information:
Offer Period: March 12 - March 14, 2024
Red Herring Prospectus Available
5. Post-IPO Processes:
Refund Initiation: March 18, 2024
Demat Transfer: March 18, 2024
Listing Date: March 19, 2024
Mandate Ends: March 29, 2024
Conclusion:
As an individual investor, understanding the systematic timeline of Signoria Creation Limited's IPO is crucial. Stay informed and make well-informed decisions in this dynamic market.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
