Listing Details
- Listing Exchange BSE, NSE
- Listing Date 27-Sep-23
- IPO Price Range ₹ 385
- Listing Price ₹ 445
- Listing Change 15.6 %
- Last Traded Price ₹ 789.6
- Current Change 105.1 %
SignatureGlobal IPO Details
- Open Date 20-Sep-23
- Close Date 22-Sep-23
- Lot Size 38
- IPO Size ₹ 730 Cr
- IPO Price Range ₹ 366 to ₹ 385
- Min Investment ₹ 13908
- Listing Exchange BSE, NSE
- Basis of Allotment 27-Sep-23
- Refunds 29-Sep-23
- Credit to Demat Account 03-Oct-23
- Listing Date 04-Oct-23
SignatureGlobal India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Sep-23 | 0.00 | 1.50 | 0.97 | 0.57 |
| 21-Sep-23 | 0.66 | 3.22 | 2.69 | 1.70 |
| 22-Sep-23 | 13.37 | 14.24 | 7.17 | 12.50 |
SignatureGlobal IPO Synopsis
SignatureGlobal Limited IPO is all set to open from 20th September to 22nd September 2023. The company is involved in the business of real estate development. The IPO includes a fresh issue of 15,662,338 equity shares worth ₹603.00 cr and an Offer For Sale (OFS) of 3,298,701 equity shares worth ₹127.00 cr. The total IPO size is ₹730.00 cr. The share allotment date is 27th September, and the IPO will be listed on 4th October on the stock exchanges. The price band is ₹366 to ₹385 per share and the lot size is 38 shares.
ICICI Securities Limited, Axis Capital Limited, And Kotak Mahindra Capital Company Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of SignatureGlobal IPO:
• To pre-pay or repay, full/part borrowings obtained by the company.
• To invest and repay or prepay full/partial borrowing obtained by the Subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon.
• To fund inorganic growth through land acquisitions.
• Fund general corporate purposes.
SignatureGlobal IPO Video:
About SignatureGlobal India
Established in 2000, SignatureGlobal (India) Limited is in the business of real estate development. The company specializes in affordable and mid-segment housing units in the Delhi NCR region.
Solera was the company’s first project which spanned 6.13 acres of land in Gurugram, Haryana. Since its inception, SignatureGlobal has experienced substantial growth. As of March 2023, they have successfully sold 27,965 residential and commercial units, all strategically situated in the Delhi NCR region.
SignatureGlobal Limited also supports the Government of India and state government initiatives for affordable housing and enabling individuals to realize their dream of homeownership. The company has been extensively involved in developing projects under the Affordable Housing Policy, 2013 notified by the Town and Country Planning Department, Government of Haryana (“AHP”) and the Affordable Plotted Housing Policy or the Deen Dayal Jan Awas Yojana (“DDJAY - APHP”). The company's vision revolves around providing "value homes," which offer attractive designs and amenities.
Peer Comparison
• DLF Limited
• Macrotech Developers Limited
• Godrej Properties Limited
• Prestige Estates Projects Limited
• Sobha Limited
For More Information:
Webstory on SignatureGlobal IPO
SignatureGlobal IPO GMP
SignatureGlobal India Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 1553.57 | 901.29 | 82.05 |
| EBITDA | 215.57 | 27.38 | -58.28 |
| PAT | -63.71 | -115.50 | -86.28 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 5999.12 | 4430.85 | 3762.37 |
| Share Capital | 12.485 | 11.376 | 5.688 |
| Total Borrowings | 5948.95 | 4777.20 | 3958.18 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -278.18 | 205.24 | 36.44 |
| Net cash from / (used in) investing activities | 7.63 | 53.77 | -26.24 |
| Net cash flow from / (used in) financing activities | 673.41 | -268.53 | 96.53 |
| Net increase (decrease) in cash and cash equivalents | 402.86 | -9.51 | 106.73 |
SignatureGlobal IPO Key Points
-
Strengths
1. The company is the largest affordable and lower-mid and mid-segment real estate developer in Delhi NCR.
2. It is a well-established brand and has a strong distribution network and digital marketing capabilities translating into faster sales.
3. It is growing fast and has the ability to scale up rapidly.
4. Ability to provide aspirational lifestyle and amenities at affordable pricing and at strategic locations.
5. Standardized product offerings, quick turnaround and end-to-end in-house project execution expertise.
6. Positive operating cash flows with low levels of debt.
7. Strong focus on sustainable development. -
Risks
1. The company has incurred net loss and negative Net Worth in the past. Its subsidiaries have also incurred losses in the past.
2. The business and profitability are significantly dependent on the performance of the real estate market in the Delhi-NCR region, which creates business concentration risk.
3. The withdrawal of certain benefits under the Haryana Affordable Housing Policy, 2013 and the Deen Dayal Jan Awas Yojna may adversely affect the business.
4. An increase in the price of land and/ or shortages of land available for development may have a material adverse effect on the revenue from operations.
5. The business is capital-intensive and requires significant expenditure for development.
6. Operates in a very competitive industry.
7. Any pandemic-like situation can impact the company’s profitability.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
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SignatureGlobal IPO FAQs
What is the minimum lot size and investment required for the Signature Global IPO?
The minimum lot size of Signature Global IPO is 38 shares and the investment required is ₹13,908.
What is the price band of Signature Global IPO?
The Price band of Signature Global is ₹366 to ₹385.
When does the Signature Global issue open and close?
Signature Global IPO is open from 20th September to 22nd September 2023.
What is the allotment date of the Signature Global IPO?
The share allotment date of Signature Global is the 27th of September.
What is the Signature Global IPO listing date?
The Signature Global IPO will be listed on the 4th of October 2023.
Who are the book runners for the SignatureGlobal Limited IPO?
ICICI Securities Limited, Axis Capital Limited, and Kotak Mahindra Capital Company Limited are the book-running lead managers for Signature Global IPO.
What is the objective of the issue?
SignatureGlobal Limited plans to utilize the raised capital from IPO to:
1. To pre-pay or repay, full/part borrowings obtained by the company.
2. To invest and repay or prepay full/partial borrowing obtained by the Subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon.
3. To fund inorganic growth through land acquisitions.
4. Fund general corporate purposes.
Contact Details of SignatureGlobal India IPO
Contact Information
Signatureglobal (India) Limited
13th Floor, Dr. Gopal Das Bhawan,
28 Barakhamba Road, Connaught Place,
New Delhi 110 001
Phone: +91 11 4928 1700
Email: cs@signatureglobal.in
Website: http://www.signatureglobal.in/
SignatureGlobal India IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Signatureglobal.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
SignatureGlobal India IPO Lead Manager
ICICI Securities Limited
Axis Capital Limited
Kotak Mahindra Capital Company Limited
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