The Signoria Creation IPO, which opened for subscription on March 12, 2024, has garnered substantial interest from investors, recording a subscription of 14.14 times by 12:26 PM on Day 1. The IPO has witnessed robust demand, particularly from retail investors, contributing to an impressive overall subscription figure.
**Category-wise Subscription Details:**
– **QIB (Qualified Institutional Buyers):** 0.04 times (8,000 shares bid for out of 2,16,000 shares offered)
– **NII (Non-Institutional Investors):** 6.62 times (16,56,000 shares bid for out of 2,50,000 shares offered)
– **Retail:** 24.51 times (1,29,90,000 shares bid for out of 5,30,000 shares offered)
**Total Subscription:** 14.14 times (1,46,54,000 shares bid for out of 10,36,000 shares offered)
The retail category has demonstrated significant enthusiasm, oversubscribing by an impressive 24.51 times, showcasing the strong retail investor interest in Signoria Creation. Non-Institutional Investors have also shown substantial interest, subscribing 6.62 times, while the Qualified Institutional Buyers category witnessed a subscription of 0.04 times.
**Total Applications Received:** 6,495
The robust response from investors highlights the confidence in Signoria Creation’s IPO, and investors are eagerly awaiting the final subscription figures and allotment details. The successful IPO is expected to pave the way for the listing of Signoria Creation on the stock exchanges, providing investors with an opportunity to participate in the company’s future growth.
