Signoria Creation Limited IPO

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Signoria Creation Limited specializes in the design, manufacturing, and marketing of women’s apparel, including a variety of items such as Kurtis, pants, tops, Co-ord Sets, dupattas, and gowns. The brand “Signoria” is renowned in the apparel market for its traditional and contemporary designs that offer a wide range of colors, patterns, and sizes, catering to women seeking comfort, style, and distinction in their clothing choices.

Expansion and Growth Strategy

Signoria Creation Limited aims to expand its operations across India, leveraging the growing trend in e-commerce, customer loyalty, and continued government support. The introduction of Co-ord Sets for women in the first quarter ended June 30, 2023, exemplifies the company’s commitment to diversifying its product portfolio to meet evolving market demands.

Manufacturing Capabilities

Signoria Creation Limited operates two manufacturing units located in Jaipur, Rajasthan, with a significant production capacity. The acquisition of additional land for expansion near the existing factory underscores the company’s readiness to increase production levels in response to growing demand. For the fiscal year 2022-2023, the operational capacity reached over 477,000 pieces of quality garments, with flexibility to scale up as customer demand increases.

Product Innovation and Market Presence

The design and production team’s continuous efforts to introduce the latest and most fashionable designs have played a crucial role in attracting more customers and increasing the company’s turnover. This success is a testament to Signoria Creation Limited’s ability to stay ahead in the competitive women’s apparel market.

In summary, Signoria Creation Limited’s commitment to quality, customer-centric design processes, and strategic expansion plans position it as a promising player in the women’s apparel industry, poised for further growth and success

Objects of the Signoria Creation Limited IPO:

The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects: i. Funding working capital requirements of the Company; and ii. General corporate purposes.

Signoria Creation Limited IPO Details:

Open Date: Mar 12 2024
Close Date: Mar 14 2024
Total Shares: 1,428,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 9.28 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 61 - 65 Per Equity Share
Listing At: NSE Emerge
Listing Date: Mar 19 2024

Promoters And Management:

Vasudev Agarwal serves as the Chairman and Managing Director, bringing over 10 years of experience in the marble industry and over 8 years in the garment industry. With a Bachelor in Commerce from the University of Rajasthan (1986), his expertise spans finance and marketing. Since October 2019, he's significantly contributed to the company, being redesignated as Chairman and Non-Executive Director in August 2023. He also directs Signoria Fashions and Herble Prints Private Limited. Babita Agarwal, a Promoter and Whole-time Director, has over 4 years in garment sales and marketing. Holding a Bachelor of Commerce (1991) and an LL.B. (2005) from the University of Rajasthan, she's been an advocate since December 2006. Her skills in procurement and customer relations bolster the company's competitive market positioning. She's directed Signoria Fashions since July 2019 and Herble Prints since January 2020, previously with Decor Glasses Private Limited. Mohit Agarwal, the Non-Executive Director, brings 7+ years in the garment industry, armed with a Bachelor in Business Administration from the University of Rajasthan (2018). His manufacturing knowledge and participation in textile and garment fairs highlight his industry commitment. Joining as a Non-Executive Director in February 2023, Mohit enhances the company with his technical insights and market awareness.

Financials of Signoria Creation Limited IPO:

Particulars ( In Lakhs )
Revenue from Operations 585 1,182 1,915 653
Other Income 4 0.04 0.89 0.07
Total Revenue 589 1,182 1,916 653
Cost of materials consumed 553 1,008 1,242 550
Changes in inventories -162 -165 61 -138
Employees Benefit Expenses 84 144 155 75
Other Expenses 38 48 75 50
EBITDA 76 146 383 117
Depreciation & Amortisation 8 13 14 5
Finance cost 23 40 57 16
EBIT 68 133 369 112
OPM (%) 12.86% 12.37% 20.00% 17.92%
PBT 45 93 312 96
Tax 13 26 81 31
PAT 33 68 231 65
NPM (%) 5.53% 5.71% 12.06% 9.88%
No.of Shares 47.58 47.58 47.58 47.58
EPS 0.68 1.41 4.85 1.35

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Signoria Creation Limited 19 2 4.85 13.4 65 31
Nandani Creations Limited 49 0.11 0.10 N/A 59 68
* All the data is as per FY23.

Lead Manager of Signoria Creation Limited IPO:

  1. Holani Consultants Private Limited

Registrar of Signoria Creation Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Signoria Creation Limited 324, Ayekar Nagar II, Near RICCO Industrial Area, Mansarovar, Jaipur – 302020 Phone: +91 9358838830 Email: Website:

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