14-Sep-2023
2 mins read
Signature Global claims to be the largest real estate development company in the National Capital Region of Delhi and is coming with an IPO of Rs 730.00 Crores. The real-estate developer has fixed the price band for the issue at Rs 366-385 per share. The IPO comprises of fresh shares worth Rs 603 crore from the company and an offer-for-sale (OFS) of Rs 127 crore from the International Finance Corporation (IFC). The open data for IPO is Sep 20, and the close date is 22 Sep. The funds generated from the sale of new shares will primarily go towards clearing debts totalling Rs 432 crore. The remaining proceeds will be allocated for expanding through land acquisitions and addressing general corporate needs. The proceeds from the Offer for Sale (OFS) will be directed to the company’s selling shareholder. The anchor book is set to open on Monday, September 18th.
Signatureglobal (India) Limited Company Profile
Founded in the year 2000, Signatureglobal (India) Limited is a real estate development firm specialising in the National Capital Region of Delhi (“Delhi NCR”). The company’s primary focus is on providing affordable and mid-segment housing in terms of the number of units it offers.
Signatureglobal (India) commenced its operations with the Solera project, situated on 6.13 acres of land in Gurugram, Haryana. Since then, the company has experienced remarkable growth. As of March 2023, Signatureglobal had successfully sold 27,965 residential and commercial units, all strategically located within the Delhi NCR region. Furthermore, the company has achieved an impressive Compound Annual Growth Rate (CAGR) of 42.46% in terms of sales, with revenues increasing from Rs. 16,902.74 million in Fiscal Year 2021 to Rs. 34,305.84 million in Fiscal Year 2023.
Signatureglobal (India) Limited places a strong emphasis on aligning with government policies, both at the central and state levels, that promote affordable housing. This commitment is driven by the company’s dedication to helping customers achieve their dream of owning a home. Some of the key policies they actively engage with include the Affordable Housing Policy of 2013, the Affordable Plotted Housing Policy, and the Deen Dayal Jan Awas Yojana (DDJAY – APHP), among others.
The company’s vision is to provide “value homes,” which are characterised by a harmonious blend of appealing designs and comprehensive amenities. Additionally, the company is actively committed to elevating the worth of its projects and fostering improved living environments for its residents.
Financials of Signatureglobal (India) Limited
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| Assets | 2,930.52 | 3,762.37 | 4,430.85 | 5,999.13 |
| Revenue | 263.03 | 154.72 | 939.6 | 1,585.88 |
| Profit After Tax | -56.57 | -86.28 | -115.5 | -63.72 |
| Net Worth | -93.07 | -206.87 | -352.22 | 47.54 |
| Reserves and Surplus | -128.87 | -210.78 | -364.01 | 34.08 |
| Total Borrowing | 969.36 | 1,176.38 | 1,157.53 | 1,709.75 |
Important Dates for Financials of Signatureglobal (India) Limited IPO
| IPO Date | September 20, 2023 to September 22, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
| Face Value | Re 1 per share |
| Price | Rs 366 to Rs 385 per share |
| Lot Size | 38 Shares |
| Total Issue Size | 18,961,039 shares (Aggregating up to Rs 730.00 Cr) |
| Fresh Issue | 15,662,338 shares (Aggregating up to Rs 603.00 Cr) |
| Offer for Sale | 3,298,701 shares of Re 1 (Aggregating up to Rs 127.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre-issue | 113,758,800 |
| Shareholding post issue | 129,421,138 |
Signatureglobal India IPO Reservation
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not less than 10.00% of the Offer |
Signatureglobal India IPO Promoter Holding
| Pre Issue Share Holding | 78.36% |
| Post Issue Share Holding | 69.63% |
Objectives of the Signatureglobal India IPO
The company intends to allocate the Net Proceeds for the following purposes:
- Repayment or partial prepayment of specific loans obtained by the company.
- Providing financial support to certain subsidiaries, including Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon, for the purpose of repaying or partially prepaying their respective loans.
- Pursuing inorganic growth opportunities through land acquisitions and meeting general corporate financial needs.
Promoters of the Signatureglobal India IPO
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, are the promoters of the company.
Lead Managers of Signatureglobal India IPO
ICICI Securities Limited, Axis Capital Limited, and Kotak Mahindra Capital Company Limited are lead managers of Signatureglobal India IPO.
How to Apply for Signatureglobal India IPO?
Wait for the public issue to open for subscription, then click on this link to apply for Signatureglobal India IPO with Bigul: https://ipo.bonanzaonline.com/.
FAQs for Signatureglobal (India) Limited IPO:
- What is Signatureglobal (India) Limited IPO?
Signatureglobal (India) Limited is a real estate development company in the National Capital Region of Delhi that is going public with an Initial Public Offering (IPO) to raise funds. The IPO comprises fresh shares from the company and an offer-for-sale (OFS) from the International Finance Corporation (IFC).
- What is the IPO size and price band?
The IPO size is Rs 730.00 Crores, with a price band of Rs 366-385 per share. It includes fresh shares worth Rs 603 crore from the company and an offer-for-sale (OFS) of Rs 127 crore from IFC.
- When is the IPO open for subscription and close?
The IPO subscription period is from September 20, 2023, to September 22, 2023.
- What is the listing date for Signatureglobal (India) Limited IPO?
The listing date for Signatureglobal (India) Limited IPO is Wednesday, October 4, 2023.
- What is the face value of Signatureglobal (India) Limited shares?
The face value of Signatureglobal (India) Limited shares is Re 1 per share.
- What is the lot size for the IPO?
The lot size for the IPO is 38 shares.
- How many shares are being offered in the IPO?
The total issue size is 18,961,039 shares, aggregating up to Rs 730.00 Crores. Of this, 15,662,338 shares are fresh issues, and 3,298,701 shares are offered for sale.
- Who are the promoters of Signatureglobal (India) Limited IPO? –
The promoters of the company are 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.
- Who are the lead managers for Signatureglobal India IPO?
The lead managers for Signatureglobal India IPO are ICICI Securities Limited, Axis Capital Limited, and Kotak Mahindra Capital Company Limited.