Mumbai, March 19 -- The scrip was listed at Rs 131, a premium of 66% compared with the initial public offer (IPO) price. The stock is currently frozen at an upper limit of 5% over its listing price.

The counter hit a high of Rs 137.55 and a low of Rs 124.45. About 8.72 lakh shares of the company changed hands at the counter.

Signoria Creation's IPO was subscribed 485.81 times. The issue opened for bidding on 12 March 2024 and it closed on 14 March 2024. The price band of the IPO was fixed at Rs 61 to 65 per share.

The IPO comprised fresh issue of 14,28,000 shares. The company intends to utilise the net fresh issue proceeds for funding working capital requirements of the company and general corporate purposes.

Ahead of the IPO, Signori...