“Unlocking Real Estate Potential: Signature Global India Limited IPO”

Signature Global- real estate giant


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 DateSeptember 20, 2023 to September 22, 2023
Listing DateWednesday, October 4, 2023
Face Value₹1 per share
Price Band₹366 to ₹385 per share
Lot Size38 Shares
Total Issue Size18,961,039 shares
(aggregating up to ₹730.00 Cr)
Fresh Issue15,662,338 shares
(aggregating up to ₹603.00 Cr)
Offer for Sale3,298,701 shares of ₹1
(aggregating up to ₹127.00 Cr)

Signature global India IPO Timeline (Tentative Schedule)

IPO Open DateWednesday, September 20, 2023
IPO Close DateFriday, September 22, 2023
Basis of AllotmentWednesday, September 27, 2023
Initiation of RefundsFriday, September 29, 2023
Credit of Shares to DematTuesday, October 3, 2023
Listing DateWednesday, October 4, 2023
Owner of Signatureglobal

Key Performance Indicator

Market Cap (₹ Cr.)5409.66
EPS (Rs)-5.44

Signature global India IPO Promoter Holding

Share Holding Pre Issue78.36%
Share Holding Post Issue69.63%

Signatureglobal India IPO Lot Size

Retail (Min)138₹14,630
Retail (Max)13494₹190,190
S-HNI (Min)14532₹204,820
S-HNI (Max)682,584₹994,840
B-HNI (Min)692,622₹1,009,470

Company Financials:

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax-56.57-86.28-115.50-63.72
Net Worth-93.07-206.87-352.2247.54
Reserves and Surplus-128.87-210.78-364.0134.08
Total Borrowing969.361,176.381,157.531,709.75
Amount in ₹ Crore
Board members of Signature Global

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:

Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

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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.

check day by day GMP Details(Live Status)

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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.

It is vital to underscore that any decisions based on the information shared here are undertaken at one’s own risk. As with all investments in the stock market, it’s important to acknowledge the inherent and unpredictable risks associated with such endeavors.

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