Signoria Creation IPO lists at a 101% premium

Signoria Creation, which was an SME IPO opened with a whopping 101% premium on Tuesday at Rs. 131. 

The share price reached a high of Rs. 137.55. The IPO price band was Rs. 61 to Rs. 65 with a lot size of 2000 shares. 

The IPO was a fresh issue of 14,28,000 equity shares worth Rs. 9.28 cr. It was subscribed 666.32 times. 

Signoria Creation IPO was offered between 12th March to 14th March. Its leading book manager and registrar were Holani Consultants Private Limited and Bigshare Services Pvt Ltd, respectively.

The company would use the proceeds from the IPO to fund working capital requirements and general corporate prose. 

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