SignatureGlobal India IPO Details
Issue Date
--
Price Range
₹385
Lot Size
38
IPO Size
₹730.00 Cr
SignatureGlobal India IPO Listing Details
Listing On
27 Sep'23
Issue Price
--
Listed Price
₹ 444
Retail Gain/Listing Gain
▲15.32%
Schedule of SignatureGlobal India IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
27/09/2023
Company Background
SignatureGlobal (India) Limited is the largest real estate development company in the National Capital Region of Delhi (Delhi NCR) within the affordable and lower mid-segment housing category, in terms of units provided (priced below Rs. 8 million) from 2020 to three months concluding on 31st March 2023, with a market share of 19% (Source: Anarock Report).
Their operations have grown significantly over the years, achieving remarkable results in less than a decade. As of 31st March 2023, they successfully sold 27,965 residential and commercial units, all situated within the Delhi NCR region, encompassing an impressive aggregate Saleable Area of 18.90 million square feet. Their Sales (net of cancellations) have exhibited substantial growth, with a CAGR of 42.46%. This growth propelled their sales from Rs. 16,902.74 million in Fiscal 2021 to Rs. 34,305.84 million in Fiscal 2023.
With that, let's take a look at the competitive strengths and risk factors for Signature Global (India) Limited:
Competitive Strengths
Largest affordable and lower-mid and mid-segment real estate developer in Delhi NCR
Well-established brand with a strong distribution network
Fast-growing with an ability to scale up rapidly
Risk Factors
- The company has incurred net loss and negative net worth in the past, and may not be able to achieve or maintain profitability in the future.
- The business and profitability are significantly dependent on the performance of the real estate market in the Delhi NCR region, particularly in Gurugram and Sohna micro-markets in Haryana.
- The withdrawal of certain benefits under the Haryana Affordable Housing Policy, 2013 and the Deen Dayal Jan Awas Yojna, may adversely affect the business, prospects and results of operations.
Key Strategies
- Continue to focus on affordable and lower mid-segment housing.
- Further consolidate the leadership position in Gurugram, Haryana and expand selectively in micro-markets within Delhi NCR.
- Focus on growth with cost and price optimisation.
Key Financials
Here are the key financials for SignatureGlobal (India) Limited
How to apply for IPO through ASBA
Kotak Neo
•00m 59s
SignatureGlobal India IPO FAQs
The SignatureGlobal India IPO opens for subscription from [-] to [-], with a total issue size of ₹730.00 Cr. The IPO price band is ₹385 to ₹0 per share with a lot size of 38. The company aims to list the shares on BSE & NSE on 27-09-2023.
The SignatureGlobal India IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the SignatureGlobal India IPO is 38 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the SignatureGlobal India IPO has been fixed at ₹385 to ₹0 per equity share.
You can apply for the SignatureGlobal India IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
SignatureGlobal India IPO allotment will take place on [-].
You can check the SignatureGlobal India IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
SignatureGlobal India shares will list on the stock exchanges on 27-09-2023.
The SignatureGlobal (India) Limited IPO has an issue size of Rs. 730 crores. The IPO opens for subscription on 20th September and closes on 22nd September 2023.
Link Intime India Private Limited is the registrar for this IPO.
You may read more about SignatureGlobal (India) Limited and its IPO from the company’s red herring prospectus (RHP) here:
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