Signoria Creation IPO listing tomorrow: What GMP indicates ahead of debut

Signoria Creation IPO: The listing date for Signoria Creation IPO has been scheduled for tomorrow (March 19). The IPO allotment has already been finalised and the crediting of shares to demat accounts for individuals who have been allotted shares has also been completed while refund procedure for individuals who have not yet received their shares has been completed as well.
The IPO opened for subscription on March 12, and closed on March 14. The price band was set in the range of ₹61 to ₹65 apiece of face value of ₹10 each. The lot size consisted of 2,000 shares and investors could bid for a minimum of 2,000 shares and in multiples thereof.
The IPO reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The IPO was entirely a fresh equity issue of 14.28 lakh shares through which the company aims to raise ₹9.3 crore.
The company shares have a GMP of ₹60 in the unlisted market while it priced the offer at ₹65 ahead of the listing.
The IPO received overwhelming response from investors with an overall subscription of over 600 times at close.
On day three of the bidding, the status was at 666.32 times: retail investors at 649.88 times, non-institutional buyers at 1,290.56 times and. Qualified Institutions Buyers at 107.56 times.
The lead manager of the issue is Holani Consultants is acting while Bigshare Services is the registrar of Signoria Creation IPO.