Signatureglobal (India) Limited IPO Detail
Incorporated in 2000, Signatureglobal (India) Limited is a real estate development company. The company operates in the National Capital Region of Delhi ("Delhi NCR") focussed on offering affordable and mid-segment housing in terms of units supplied.
Signatureglobal (India) started its operations with its Solera project on 6.13 acres of land in Gurugram, Haryana and today has grown tremendously. As of March 2023, the company had sold 27,965 residential and commercial units, all located within the Delhi NCR region. In terms of Sales Growth too, they have attained a CAGR of 42.46%, from Rs. 16,902.74 million in Fiscal 2021 to Rs. 34,305.84 million in Fiscal 2023.
Signatureglobal (India) Limited focuses on GoI and state government policies supporting affordable housing in order to assist customers in realizing their dream of having their own home. Policies like Affordable Housing Policy, 2013, the Affordable Plotted Housing Policy or the Deen Dayal Jan Awas Yojana ("DDJAY - APHP"), and so on.
The company aspires to offer "value homes" which are a combination of attractive designs and amenities. Another aspect that the company proactively seeks is to enhance the value of its projects and create a better living environment.
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 LimitedIPO Details
| IPO Opening Date | Sep 20, 2023 |
| IPO Closing Date | Sep 22, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹366 - 385 per equity share |
| Market Lot | 38 Shares |
| Min Order Quantity | 38 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹730.00 Cr |
| Fresh Issue | ₹603.00 Cr |
| Offer for Sale | ₹127.00 Cr |
| Retail Portion | 10% |
IPO Tentative Timetable
The Signatureglobal (India) Limited IPO open date is Sep 20, 2023, and the close date is Sep 22, 2023. The issue may list on Oct 04, 2023.
| IPO Open Date | Sep 20, 2023 |
| IPO Close Date | Sep 22, 2023 |
| Basis of Allotment Date | Sep 26, 2023 |
| Initiation of Refunds | Sep 29, 2023 |
| Credit of Shares to Demat Account | Oct 03, 2023 |
| IPO Listing Date | Oct 04, 2023 |
IPO Lot Size
The Signatureglobal (India) Limited IPO market lot size is 38 shares. A retail-individual investor can apply for up to 13 lots (494 shares or ₹190190).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 38 | ₹14630 |
| Maximum | 13 | 494 | ₹190190 |
IPO Promoter Holding
| Pre Issue Share Holding | 78.36% |
| Post Issue Share Holding | 69.63% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3762.37 | 3762.37 | -86.28 |
| 31-Mar-22 | 4430.85 | 939.60 | -115.50 |
| 31-Mar-23 | 5999.13 | 1585.88 | 1585.88 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
- 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.
Signatureglobal (India) Limited IPO Registrar:
Link Intime India Private Ltd
Signatureglobal (India) Limited IPO Lead Manager(s):
ICICI Securities Limited Axis Capital Limited Kotak Mahindra Capital Company Limited
Company Contact Information:
Signatureglobal (India) Limited
13th Floor, Dr. Gopal Das Bhawan,
28 Barakhamba Road, Connaught Place,
New Delhi 110 001
