Signatureglobal India IPO

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 nameSignatureglobal India Limited
IndustryConstruction – Real Estate
Company Website

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 date20 September 2023
IPO Closing22 September 2023
Basis of Allotment27 September 2023
Initiation Refund29 September 2023
Credit to Demat Account03 October 2023
Listing Date04 October 2023
(Cut-off time for UPI mandate confirmation-5 PM on September 22, 2023)

IPO details

Issue typeBook 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 size38 Shares
Shareholding pre-issue113,758,800
Shareholding post-issue129,421,138
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)138₹14,630
Retail (Max)13494₹190,190
S-HNI (Min)14532₹204,820
S-HNI (Max)682,584₹994,840
B-HNI (Min)692,622₹1,009,470

Reservation Details

QIB Shares Offered75%
NII (HNI) Shares Offered15%
Retail Shares Offered10%

Financial Performance

 FY 2020FY 2021FY 2022FY 2023
Net income(56.57)(86.27)(115.5)(63.72)
Margin (%)(23.42)(105.14)(12.37)(4.10)
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022FY 2023
PE ratioNA
EBITDA (%)3.94(71.03)3.0413.88

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 Holding78.36%
Post Issue Share Holding69.63%

Lead Manager(s)

  • ICICI Securities Limited
  • Axis Capital Limited
  • Kotak Mahindra Capital Company Limited

IPO Registrar

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
 +91 22 4918 6200

Contact Details

Unit No.101, Ground Floor,
Tower-A, Signature Tower
South City-1, Gurugram,
Haryana 122 001
Phone: +91 124 4398 011

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

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