Table of Contents
Overview:
Incorporated in 2000, Signature global (India) Limited is a real estate development company. The company operates in the National Capital Region of Delhi (“Delhi NCR”) focused on offering affordable and mid-segment housing in terms of units supplied.
- Signature Global, an Indian real estate firm, commenced its operations with the Solera project in Gurugram, Haryana, covering 6.13 acres of land.
- As of March 2023, the company has sold a total of 27,965 residential and commercial units, all located within the Delhi National Capital Region (NCR).
- Signature Global has achieved remarkable Sales Growth with a Compound Annual Growth Rate (CAGR) of 42.46%. Sales increased from Rs. 16,902.74 million in Fiscal 2021 to Rs. 34,305.84 million in Fiscal 2023.
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.
Signature global India IPO Details
| IPO Date | September 20, 2023 to September 22, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
| Face Value | ₹1 per share |
| Price Band | ₹366 to ₹385 per share |
| Lot Size | 38 Shares |
| Total Issue Size | 18,961,039 shares (aggregating up to ₹730.00 Cr) |
| Fresh Issue | 15,662,338 shares (aggregating up to ₹603.00 Cr) |
| Offer for Sale | 3,298,701 shares of ₹1 (aggregating up to ₹127.00 Cr) |
Signature global India IPO Timeline (Tentative Schedule)
| IPO Open Date | Wednesday, September 20, 2023 |
| IPO Close Date | Friday, September 22, 2023 |
| Basis of Allotment | Wednesday, September 27, 2023 |
| Initiation of Refunds | Friday, September 29, 2023 |
| Credit of Shares to Demat | Tuesday, October 3, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 5409.66 |
| EPS (Rs) | -5.44 |
Signature global India IPO Promoter Holding
| Share Holding Pre Issue | 78.36% |
| Share Holding Post Issue | 69.63% |
Signatureglobal India IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 38 | ₹14,630 |
| Retail (Max) | 13 | 494 | ₹190,190 |
| S-HNI (Min) | 14 | 532 | ₹204,820 |
| S-HNI (Max) | 68 | 2,584 | ₹994,840 |
| B-HNI (Min) | 69 | 2,622 | ₹1,009,470 |
Company Financials:
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,930.52 | 3,762.37 | 4,430.85 | 5,999.13 |
| Revenue | 263.03 | 154.72 | 939.60 | 1,585.88 |
| Profit After Tax | -56.57 | -86.28 | -115.50 | -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 |
Objects of the Issue :
The company plans to utilize the Net Proceeds for the following purposes:
- Re-payment or pre-payment of certain borrowings taken by the Company.
- Infusion of funds in several of its Subsidiaries, including Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon, to re-pay or pre-pay certain borrowings availed by these Subsidiaries.
- Pursuing inorganic growth opportunities through land acquisitions.
- General corporate purposes.
Signatureglobal India IPO Review (May apply):
The company holds a significant market share in affordable housing in the Delhi NCR region, but its history of losses makes the IPO appear overpriced, especially considering its negative P/E ratio. Despite having substantial ongoing projects, which may lead to improved financials in the near future, its track record suggests that this is a high-risk investment with potentially low returns. As such, only well-informed, financially secure, and risk-seeking investors should consider allocating moderate funds for potential long-term rewards.
Signature global India IPO Subscription Details:
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Signature global India IPO GMP:
- Signatureglobal India IPO’s latest GMP: ₹40 (as of Sep 18, 2023, 02:20 PM).
- Estimated listing price: ₹425 (cap price + GMP).
- Expected percentage gain: 10.39%.
- Retail investor subject to Sauda price: ₹1200.
- Small HNI subject to Sauda price: ₹16800.
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The content provided here should not be interpreted as an invitation or solicitation to buy or sell securities, nor should it be regarded as guidance for such actions. All material presented is intended solely for educational and informational purposes and should not be utilized for making investment choices in any manner. It is imperative to recognize that any data shared here carries no intent to influence investment decisions. Any individual considering investment moves should first seek guidance from a qualified financial advisor, taking into account the particulars of their circumstances.
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