IPO Details

Bidding Dates

19 Sep '23 - 21 Sep '23

Minimum Investment

₹14,630 / 1 Lots ( 38 Shares )

Price Range

₹366 - ₹385

Maximum Investment

₹190,190 / 13 Lots ( 494 Shares )

Retail Discount

Not Applicable

Issue Size

₹730.00 Cr

Investor category and sub category

Qualified Institutional Buyers   |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Sep 19, 2023

Closing Date

Sep 21, 2023

Basis of Allotment

Sep 26, 2023

Initiation of Refunds

Sep 28, 2023

Credit of Shares to Demat

Oct 2, 2023

Listing Date

Oct 3, 2023

Cut-off time for UPI mandate confirmation

Sep 21, 2023

Signature Global (India) IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Sep 19, 2023

 0.00 1.50 0.97 0.57

Day 2Sep 20, 2023

 0.66 3.22 2.69 1.70

Day 3Sep 21, 2023

 13.37 14.24 7.17 12.50

Signature Global (India) IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 13.37
Non-Institutional Buyers 14.24
Retail Investors 7.17
Total 12.50

About Signature Global (India) Limited

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:

  1. DLF Limited.
  2. Godrej Properties Limited.
  3. Macrotech Developers Limited.
  4. Prestige Estates Projects Limited.
  5. 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:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. 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.) Year Ending on March, 31st 2021 (₹ in Cr.)
Total Income 1,585.88 939.60 154.72
Profit After Tax (PAT) -63.72 -115.50 -86.28
Assets 5,999.13 4,430.85 3,762.37
Total Borrowings 1,709.75 1,157.53 1,176.38

Know before investing

Strengths

3

  1. The 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.

  2. 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.

  3. The company has produced positive operating cash flows despite significant costs associated with corporate expansion and without considerably raising its level of debt.

Risks

3

  1. The company has entered into collaboration agreements with third parties to acquire land, which may entail certain risks.

  2. The business is exposed to risks arising from work stoppages, labour shortages and other labour problems that could adversely affect it.

  3. The company faces outstanding litigation proceedings involving its subsidiaries, directors, promoters and group companies. Any adverse judgement could hamper the business growth.

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Signature Global (India) IPO FAQs

What is Signature Global (India) Limited’s IPO?

Signature Global (India) Limited IPO combines fresh issue and offer-for-sale comprising 1,89,61,039 shares. It is a book-built issue IPO.

When will Signature Global (India) Limited’s IPO be allotted?

The Basis of Allotment will be on September 27, 2023.

When will Signature Global (India) Limited’s IPO open for subscription?

The IPO subscription window will open on September 20, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot containing 38 shares.

When will Signature Global (India) Limited list on exchanges?

Signature Global (India) Limited  IPO will be listed on BSE and NSE. The date of listing is October 04, 2023.

How do I 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.

What would be the listing gains on the Signature Global (India) Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Signature Global (India) Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Signature global (India) Limited’s IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Signature Global (India) Limited using one PAN?

You can submit only one application using your PAN card.