Signatureglobal India IPO will open for subscription from 20 September 2023. The company aims for an issue size of ₹730 Cr through this IPO.
Company Overview
| Full name | Signatureglobal India Limited |
| Sector | Realty |
| Industry | Construction – Real Estate |
| Company Website | https://www.signatureglobal.in/ |
About Company
The company is the largest real estate developer in the National Capital Region of Delhi (Delhi NCR) focused on affordable and mid-segment housing (in the below INR 80 lakh price category) between 2019 and 2021 with a market share of 19%. Signature Global commenced operations in 2014 through a subsidiary, Signature Builders Private Limited, with the launch of the Solera project on 6.13 acres of land in Gurugram, Haryana.
Most of its completed projects, ongoing projects, and forthcoming projects are located in Gurugram and Sohna in Haryana, with 84.58% of its saleable area located in this region, and almost all of its projects have been, or are being, undertaken under the AHP or the Deen Dayal Jan Awas Yojna – Affordable Plotted Housing Policy (DDJAY – APHP). In terms of sales in Gurugram, it had a market share of 40% in the affordable and mid segments, and a market share of 29% in all budget categories, in the period from 2019 to 2021.
The Objectives of the Issue
- Re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company;
- Infusion of funds in certain of our Subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Subsidiaries;
- Inorganic growth through land acquisitions and general corporate purposes.
IPO Timetable
| IPO Opening date | 20 September 2023 |
| IPO Closing | 22 September 2023 |
| Basis of Allotment | 27 September 2023 |
| Initiation Refund | 29 September 2023 |
| Credit to Demat Account | 03 October 2023 |
| Listing Date | 04 October 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹730 Cr – 18,961,039 shares |
| Fresh Issue | ₹603 Cr – 15,662,338 shares |
| Offer for sale | ₹127 Cr – 3,298,701 shares |
| Face value | ₹01 per share |
| Price Band | ₹366 to ₹385 per share |
| Lot size | 38 Shares |
| Shareholding pre-issue | 113,758,800 |
| Shareholding post-issue | 129,421,138 |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,630 |
| Retail (Max) | 13 | 494 | ₹190,190 |
| S-HNI (Min) | 14 | 532 | ₹204,820 |
| S-HNI (Max) | 68 | 2,584 | ₹994,840 |
| B-HNI (Min) | 69 | 2,622 | ₹1,009,470 |
Reservation Details
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 241.55 | 82.05 | 901.30 | 1,553.57 |
| Expenses | 337.53 | 246.65 | 1,076.01 | 1,642.63 |
| Net income | (56.57) | (86.27) | (115.5) | (63.72) |
| Margin (%) | (23.42) | (105.14) | (12.37) | (4.10) |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| EPS | (5.07) | (7.56) | (10.23) | (5.44) |
| PE ratio | – | – | – | NA |
| RONW (%) | – | – | – | NA |
| NAV | (8.18) | (18.18) | (30.96) | 3.81 |
| EBITDA (%) | 3.94 | (71.03) | 3.04 | 13.88 |
| Debt/Equity | 1.07 | 1.17 | 1.23 | – |
Company Promoters
Pradeep Kumar Aggarwal, Lalit Kumar Aggarwal, Ravi Aggarwal, Devender Aggarwal, Pradeep Kumar Aggarwal HUF, Lalit Kumar Aggarwal HUF, Ravi Aggarwal HUF, Devender Aggarwal HUF and Sarvpriya Securities Private Limited
Promoter Holding
| Pre Issue Share Holding | 78.36% |
| Post Issue Share Holding | 69.63% |
Lead Manager(s)
- ICICI Securities Limited
- Axis Capital Limited
- Kotak Mahindra Capital Company Limited
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: Signatureglobal.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
SIGNATURE GLOBAL (INDIA) LIMITED
Unit No.101, Ground Floor,
Tower-A, Signature Tower
South City-1, Gurugram,
Haryana 122 001
Phone: +91 124 4398 011
Email: cs@signatureglobal.in
Website: www.signatureglobal.in
Allotment Status
Signature Global IPO allotment will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Signatureglobal India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
