Incorporated in 2000, Signature Global (India) Limited is the largest real estate development company in the Delhi NCR (National Capital Region). It is focused on affordable and mid-segment housing. The company started its operations with the launch of the Solera project in 2014 through its Subsidiary, Signature Builders Private Limited, in Gurugram, Haryana. The major business presence of the company is in the Gurugram region of Haryana.
The company’s sales (net of cancellation) have witnessed a CAGR of ~142.62%, from ₹4,400.10 million in FY 2020 to ₹25,900.38 million in FY 2022. Signature Global’s key completed projects include Solera, Serenas and Synera, each located in Gurugram, Haryana. In addition, the ongoing projects include Sunrise, City 37D Prime in Gurugram and Karnal region of Haryana.
Signature Global (India) Limited IPO Details
Signature Global (India) Limited IPO combines a fresh issue and an offer for sale. The fresh issue portion comprises the issue of 1,56,62,338 shares, translating into a fresh issue size of ₹603 crore. While the offer for sale (OFS) portion comprises the issue of 32,98,701 shares. Signature Global (India) Limited’s IPO will be listed on the BSE and NSE exchanges on October 04, 2023.
Signature Global (India) Limited IPO Price Band
The price range of the IPO has been fixed at ₹366 to ₹385 per share.
Signature Global (India) Limited IPO Lot Size
The Signature Global (India) Limited IPO lot size is 38 shares, and the minimum investment will be ₹14,630.
Signature Global (India) Limited IPO Objectives
The objectives of Signature Global (India) Limited IPO are listed below:
- For re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company.
- To reimburse or prepay certain borrowings, its subsidiaries, Sternal Buildcon, Signature Global Homes, Signature Infrabuild, and Signature Global Developers, had taken out.
- For inorganic growth through land acquisitions and general corporate purposes.
Peer Details
As per DRHP, Signature Global (India) Limited has 5 listed peers, which are listed below:
- DLF Limited.
- Godrej Properties Limited.
- Macrotech Developers Limited.
- Prestige Estates Projects Limited.
- Sobha Limited.
How To Check the Allotment Status of the Signature Global (India) Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Signature Global (India) Limited
Registered office: 13th Floor, Dr. Gopal Das Bhawan, 28 Barakhamba Road, Connaught Place, New Delhi 110 001, India
Phone: +91 11 4928 1700
E-mail: cs@signatureglobal.in
Signature Global (India) Company Financials
| Particulars | Year Ending on March, 31st 2023 (₹ in Cr.) | Year Ending on March, 31st 2022 (₹ in Cr.) |
|---|---|---|
| Total Income | 1,585.88 | 939.60 |
| Profit After Tax (PAT) | -63.72 | -115.50 |
| Assets | 5,999.13 | 4,430.85 |
| Total Borrowings | 1,709.75 | 1,157.53 |
Know before investing
Strengths
3The company is the largest affordable and mid-segment real estate developer in Delhi NCR, and the success of its project is mainly attributed to product positioning in line with government policies and market demand, efficient project execution capabilities, and multiple project offerings with attractive designs and amenities at competitive prices.
The sales are increasing at a respectable rate thanks to the company's excellent distribution network, digital marketing prowess, and reputation due to its brand name.
The company has produced positive operating cash flows despite significant costs associated with corporate expansion and without considerably raising its level of debt.
Risks
3The company has entered into collaboration agreements with third parties to acquire land, which may entail certain risks.
The business is exposed to risks arising from work stoppages, labour shortages and other labour problems that could adversely affect it.
The company faces outstanding litigation proceedings involving its subsidiaries, directors, promoters and group companies. Any adverse judgement could hamper the business growth.
