Signature Global is set to launch an IPO which will open on September 20, 2023, and close on September 22, 2023. Through this public offer company wants to raise Rs.730 Crore from the primary market, Company fixed the IPO price of Rs. 385 with a minimum lot of 13 shares, and list on October 03, according to the preliminary papers filed to the capital market regulator SEBI.
SIGNATURE GLOBAL is the largest real estate development company in Delhi NCR and focused on affordable and lower mid-segment houses, mostly projects in the state of Haryana. The company has integrated a real estate development model with in-house capabilities and resources to execute projects from inception to completion. Company sales have been growing at a CAGR 42.64 between year 2021 and 2023.
In the fiscal year 2023, the company generated Rs. 3,430.05 Crore in revenue from operations, and Rs. 2590 crore in the year 2022.
Check out the IPO allotment status on IPO Deliver.
#Signature Global IPO Object
The company proposed to use the IPO Funds for the below-mentioned purposes:
- 26.40 crore of the total net proceeds fund will be used for Repayment or prepayment of borrowing.
- 16.80 crore of the total net proceeds fund will be used for infusion of funds in certain subsidiaries for repayment or prepayment of subsidiaries borrowing.
- The rest funds will be used for inorganic growth through land acquisitions, general corporate purposes and offer expenses.
#Signature Global Company Strength
- Largest affordable real estate developer in Delhi-NCR
- Well established brand, Strong distribution network
- Fast growing with ability to scale up rapidly
- Standardized products offerings and end to end in house execution expertise.
- Experienced and dedicated/talented team members
#Signature Global Forward Statements
- Company incurred net loss and negative net worth in the past.
- Company not able to achieve profit in the future
#Signature Global IPO Review & Rating
| Issue Size | 730 crore (Book built issue) |
| Issue Price | Rs. 366-385 per share |
| Lot size | 13 shares |
| Market Capitalization | 5409.66 crore |
| Profit – 2023 | (63.72) crore |
| Total Assets – 2023 | 6000 crore |
| Debt/Equity ratio | 3.81 |
| NAV Value | Rs. 3.81 per share |
| Pre-offer Promoter holding | 78.36% |
| Listing on Stock Exchanges | Mainboard (NSE BSE) |
| IPO Deliver Rating | Three |
#Signature Global IPO Dates, Price Band, Lot Size & Details
Signature Global IPO is open on September 20, 2023, and closes on September 22, 2023. The IPO list on October 03, 2023.
| Type of issue | Fresh issue and offer for sale |
| Issue Size | Rs. 770 Crore |
| Price band | Rs. 366-385 per share |
| Lot size | 1200 equity shares |
| Face Value | Rs.1 each equity share |
| IPO Open | September 20, 2023 |
| IPO Close | September 22, 2023 |
| IPO Allotment Date | September 27, 2023 |
| Refund Date | September 28, 2023 |
| Listing Date | October 03, 2023 |
| Fresh Issue | Rs. 603 Crore (15,662,039 equity share) |
| Offer for sale | Rs. 127 Crore (3,298,701 equity share) |
#Signature Global Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021
|
| Total Revenue | 15,535.70 | 9,012.98 | 820.57 |
| Net worth | 475.39 | (3,522.17) | (2,068.67) |
| Profit after Tax (PAT)
|
(637.15) | (1,155) | (862.78) |
| Total Borrowings
|
17,097.49 | 11,575.31 | 11,763.84 |
#Signature Global IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Basic EPS | (5.44) | (10.23) | (7.56) |
| Diluted EPS | (5.44) | (10.23) | (7.56) |
| RoNW | N/A | N/A | N/A |
| NAV | 3.81 | (30.96) | (18.18) |
#Signature Global IPO Industry peers
| Company | EPS | P/E Ratio | RoNW | NAV |
| DLF | 8.22 | 65.69 | 5.40 | 152.27 |
| Godrej Properties | 20.55 | 82.40 | 6.68 | 334.04 |
# Signature Global IPO Pre-offer and Post-Offer Promoters shareholding
Pre-offer promoter & promoter group shareholding 78.35%
Post-offer promoter & promoter group shareholding 69.63%
# Signature Global IPO Reservation
Retail investor (QIB): Not more than 75% of the offer size i.e. 2,844,156 equity shares.
NII: Not more than 15% of the offer size i.e. 1,896,104 equity shares
RII: Not less than 10% of the offer size i.e 18,961,039 equity shares
# Signature Global Company Promoter (Top-3)
The company has nine Promoters
- Pradeep Kumar Aggarwal
- Lalit Kumar Aggarwal
- Ravi Aggarwal
- Pre-offer shareholding: 63.60% (79,416,700equity shares)
- The average cost of acquisition for promoter: Rs. 1.04 – 30.55 per equity share.
#Signature Global IPO Application
Option-1 Apply for IPO through Internet Banking
- Log into your bank account.
- In the invest Tab, you will see ASBA, click on it.
- Choose to apply for IPO and select the ongoing IPO “Signature Global Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
- After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker
- Log into your broker account (Upstox/Zerodha etc.)
- Click on the IPO tab and select the ongoing IPO “Signature Global Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
- Visit the nearest branch of your bank
- Fill out the ASBA form and submit it with KYC details
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
# Signature Global IPO – DRHP & RHP
Draft Red Herring Prospectus (DRHP) – Click to view/download
Red Herring Prospectus (RHP) – Click to view/download
# Signature Global IPO Registrar
Link Intime (India) Private Limited
Tel: +91 810 811 4949 and Email: signatureglobal.ipo@linkintime.co.in
Website: www. linkintime.co.in
# Signature Global IPO lead manager
#1. ICICI Securities Limited
Tel No.: +91 22 6807 7100 and Email: sgil.ipo@icicisecurities.com
Website: www. icicisecurities.com
#2. Axix Capital Limited
Tel No.: +91 22 4325 2183 and Email: signatureglobal.ipo@axixcap.in
Website: www.axixcap.in
#3. Kotak Capital Company Limited
Tel No.: +91 22 43360000 and Email: signatureglobal.ipo@kotak.com
Website: www.kotak.com
# Signature Global Company Details
Signature Global Limited (Established 2000)
Regd. Off: 13th Floor, Dr. Gopal Das Bhawan, 28 Barakhamba Road, Connaught Place, New Delhi-110001
Tel: +91 44-61727000 & Email: cs@signatureglobal.in
Website: www.signatureglobal.in
Investor Grievances/Compliance Officer: Mr. Meghraj Bothra
Subsidiary Companies:
- Signature Builders Private Limited
- Signature Developers Private Limited
- JMK Holdings Private Limited
- Signature Infrabuild Private Limited
- Maa Vaishno Net Tech Private Limited
- Indeed Fincap Private Limited
- Signatureglobal homes Private Limited
- Indeed Fincap Private Limited
- Signatureglobal Business Park Private Limited
- Others
# Signature Global Company Board (Top 3)
Mr. Pradeep Kumar Aggarwal, Chairman & Whole time Director
Mr. Lalit Kumar Aggarwal, Whole time Director
Mr. Ravi Aggarwal, Managing Director
# Signature Global IPO – Frequently Asked Questions (FAQ’s)
Q-1 what is Signature Global IPO Open date?
Ans: Signature Global IPO opening date is September 20 – September 22, 2023.
Q-2 what is Signature Global IPO Close date?
Ans: Signature Global IPO closing date is September 22, 2023
Q-3 What is Signature Global IPO Listing date?
Ans: Signature Global IPO listing date is October 03, 2023
Q-4 What is Signature Global IPO Minimum investment amount?
Ans: Signature Global IPO minimum investment amount is Rs. 14,630
Q-5 What is Signature Global IPO offer issue Size?
Ans: Signature Global offer an issue size of Rs. 730 crores, which comprise fresh issue and offer for sale.
Q-6 What is Signature Global IPO Price Band?
Ans: Signature Global IPO price band is Rs 366-385 per share.
Q-7 Is any similar segment/sector listed company in India?
Ans: Yes
Q-8 Is Signature Global IPO mainboard IPO or SME IPO?
Ans: Signature Global IPO is the Mainboard IPO.
Q-9 Signature Global IPO Rating by IPO Deliver Team?
Ans: Three Rating
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