Signature Global India IPO: What You Need to Know Before Investing

Signature Global India’s IPO details are yet to be finalised, but it is expected to launch in 2023. The company aims to generate approximately Rs 1000 crores through the IPO, which consists of a fresh issue of Rs 750 crores and an offer for sale of up to Rs 750 crores at Rs 1 each. The allocation for retail investors is 10%, Qualified Institutional Buyers (QIB) will have 75%, and High Net Worth Individuals (HNI) will have 15%.

As one of Delhi NCR’s leading real estate development firms, Signatureglobal (India) Limited is known for providing affordable and high-end residential and commercial properties. The company has a strong presence in Gurugram, Haryana, and the broader Delhi NCR region, primarily focusing on reasonably priced and mid-range housing projects.

By March 2022, the company had sold more than 23,453 residential and commercial units in the Delhi NCR area. In 2014, Signatureglobal launched its Solera project on a 6.13-acre plot in Gurugram, Haryana. The company concentrates on affordable housing policies set forth by the Indian Government and State Governments, particularly the Affordable Housing Policy 2013, issued by the Town and Country Planning Department, Government of Haryana (AHP), and the Deen Dayal Jan Awas Yojana, also known as the Affordable Plotted Housing Policy (DDJAY-APHP).

Signature Global India Product Portfolio

Established in 2000, the company has been active in the real estate industry, primarily within the Delhi National Capital Region (NCR). Their primary focus is on providing mid-segment and affordable housing solutions, striving to deliver “value homes” with a mix of appealing designs and amenities for their customers. Potential investors should be aware that the company has recorded losses in the previous three fiscal years. The upcoming IPO will comprise an Offer for Sale amounting to Rs 250 crore and a fresh issue of Rs 750 crore.

Since its inception, the company has been committed to catering to the housing needs of various population segments. Their projects are designed carefully considering aesthetics, practicality, and affordability, ensuring residents can access comfortable and stylish living spaces without breaking the bank. As they operate in the highly competitive Delhi NCR region, the company continuously strives to innovate and deliver outstanding customer value.

In light of the company’s financial performance over the past three years, potential investors must carefully evaluate the risks associated with investing in the IPO. The offering will consist of two components: an Offer for Sale worth Rs 250 crore, allowing existing shareholders to sell their shares, and a fresh issue of Rs 750 crore, providing the company additional capital for growth and expansion.

By participating in the IPO, investors will have the opportunity to invest in a company with a strong presence in the growing real estate market of the Delhi NCR region. However, due diligence is essential, as the company’s financial track record should be thoroughly examined before making investment decisions.

About the IPO

The exact date for Signatureglobal India’s IPO is yet to be determined, but according to market conjecture, it is anticipated to launch in 2023. Through this IPO, the company plans to raise approximately Rs 1000 crores, which will be split between a fresh issue of Rs 750 crores and an offer for sale amounting to Rs 750 crores at Rs 1 per share. The distribution of quotas among various investors is set at 10% for retail, 75% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI).

The Objectives of Signature Global IPO

The primary goals of the Signatureglobal IPO are threefold. First, the company aims to repay or prepay specific loans that it has obtained, either partially or entirely. Second, it plans to inject funds into some subsidiaries, including Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon. These funds will be used to repay or prepay particular borrowings that the subsidiaries have acquired, either in full or in part. Finally, the company intends to pursue inorganic growth through land acquisitions and allocate funds for general corporate purposes. By accomplishing these objectives, Signatureglobal aims to strengthen its financial position, support its subsidiaries, and expand its presence in the real estate market.

Financial Performance (In Crore)

Important Dates for Signatureglobal India  IPO

Promoters of the Company

The promoters behind the company are a group of individuals and entities with a shared vision and commitment to its growth. These include Pradeep Kumar Aggarwal, Lalit Kumar Aggarwal, Ravi Aggarwal, and Devender Aggarwal, along with their respective Hindu Undivided Family (HUF) entities – Pradeep Kumar Aggarwal HUF, Lalit Kumar Aggarwal HUF, Ravi Aggarwal HUF, and Devender Aggarwal HUF. Additionally, Sarvpriya Securities Private Limited is also a promoter of the company. This team of promoters brings their collective expertise and resources to drive the company’s success in the competitive real estate market.

How to Apply

Wait for the public issue to open for subscription, then click on this link to apply for the Signatureglobal IPO with Bigul https://ipo.bonanzaonline.com/.

How to Check Allotment Status

The registrar for Signature global IPO is Link Intime India Private Ltd To check your allotment status, please click on this link https://www.linkintime.co.in/IPO/public-issues.html

FAQs

1. When is the Signature Global India IPO expected to launch?

While the exact date is not yet confirmed, market speculation suggests that the IPO may launch in 2023.

2. What is the size of the Signature Global India IPO?

The company aims to raise approximately Rs 1000 crores through the IPO, which consists of a fresh issue of Rs 750 crores and an offer for sale of up to Rs 750 crores at Re 1 each.

3. What are the quotas allocated for different investor categories?

The allocation for retail investors is 10%, Qualified Institutional Buyers (QIB) will have 75%, and High Net Worth Individuals (HNI) will have 15%.

4. What are the primary objectives of the Signatureglobal IPO?

The main objectives are to repay or prepay certain borrowings, inject funds into subsidiaries, and pursue inorganic growth through land acquisitions and general corporate purposes.

5. Who are the promoters of the company?

The promoters include Pradeep Kumar Aggarwal, Lalit Kumar Aggarwal, Ravi Aggarwal, Devender Aggarwal, their respective HUF entities, and Sarvpriya Securities Private Limited.

6. How can I apply for the Signature global India IPO?

Once the public issue is open for subscription, you can apply for the IPO through the provided link on the Bigul platform at https://ipo.bonanzaonline.com/.

7. How can I check the allotment status for the Signature global India IPO?

The registrar for the IPO is Link Intime India Private Ltd. You can check your allotment status on their website at https://linkintime.co.in/.

8. What is the face value of the shares in the Signatureglobal India IPO?

The face value of the shares in the IPO is Re 1 per equity share.

9. What is the price band for the Signature global India IPO?

The price band for the IPO is yet to be announced.

10. On which stock exchanges will the Signatureglobal India IPO be listed?

The IPO will be listed on both BSE and NSE.