Signature Global IPO Date, Review, Price, Allotment, Analysis

Signature Global IPO Details: The scheduled date for Signature Global IPO has been confirmed. The IPO is set to enter the market on September 20th and conclude on September 22th. The company aims to gather approximately ₹730 crores through this IPO. This sum includes a fresh issue of ₹730 crores via 18961039  shares, each valued at ₹1. The retail quota is 10%, while QIB is 75% and HNI is 15%.

What is Signature Global IPO?

Signature Global IPO is an initial public offering (IPO) by Signature Global (India) Limited, a real estate development company based in Gurugram, India. The IPO is expected to raise up to Rs 730 crore ($88 million) by issuing 18,961,039 equity shares of face value Rs 1 each. The issue price is yet to be determined, but the grey market premium is around 10%. The IPO will open for subscription on September 20, 2023 and close on September 22, 2023. The shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on October 4, 2023.

Signature Global is the largest real estate development company in the National Capital Region (NCR) of Delhi, with a market share of 19%. The company has developed over 23,453 residential and commercial units in the NCR region, with an aggregate saleable area of 14.59 million square feet. The company’s sales have grown at a compounded annual growth rate of 142.62%, from Rs 440 crore in FY 2020 to Rs 2590 crore in FY 2022.

The proceeds from the IPO will be used to repay debt, acquire land, and fund future development projects.

Here are the key details of the Signature Global IPO:

• Issue size: Up to Rs 730 crore ($88 million)
• Number of shares: 18,961,039 equity shares of face value Rs 1 each
• Issue price: Rs. 366 to Rs. 385
• Grey market premium: Around 10%
• Subscription dates: September 20-22, 2023
• Listing date: October 4, 2023

Objectives of Signature Global IPO

The objectives of the Signature Global IPO are to:

• Repay debt: The company has a debt of Rs 2,200 crore. The proceeds from the IPO will be used to repay a portion of this debt.
• Acquire land: The company plans to acquire land for future development projects.
• Fund future development projects: The company has a pipeline of projects worth Rs 10,000 crore. The proceeds from the IPO will be used to fund these projects.
• Improve working capital: The company will use the proceeds from the IPO to improve its working capital position.
• General corporate purposes: The company may also use the proceeds from the IPO for general corporate purposes, such as marketing and advertising.

Signature Global IPO Date & Price Band Details

Signature Global IPO Market Lot

Signature Global IPO Allotment & Listing Dates

The Signature Global IPO date is September 20 and the close date is September 22. The Signature Global IPO allotment will be finalized on September 27 and the IPO listing on October 4.

Signature Global IPO Subscription Status

For the latest update on the Signature Global IPO, you can check this dedicated page for IPO subscription status.

Signature Global IPO Allotment Status

For the latest update on the Signature Global IPO, you can check this dedicated page for IPO allotment status.

Signature Global IPO Forms

For IPO form for the Signature Global IPO, you can check this dedicated page for IPO Forms.

Signature Global Company Financials

Here are the key financials of Signature Global (India) Limited for the last three years:

• Revenue: The company’s revenue has grown from Rs 440 crore in FY 2020 to Rs 2590 crore in FY 2022, at a CAGR of 142.62%.
• Profit after tax: The company has made a profit after tax of Rs 128 crore in FY 2022, compared to a loss of Rs 3.47 crore in FY 2020.
• Debt: The company’s debt stood at Rs 2,200 crore as of March 31, 2022.
• Debt-to-equity ratio: The company’s debt-to-equity ratio is 2.22.
• Net asset value per share: The net asset value per share stood at Rs 38.77 as of March 31, 2022.

The company’s financial performance has been strong in recent years, with revenue and profit growing at a rapid pace. However, the company is also highly leveraged, with a debt-to-equity ratio of 2.22. This is a risk factor that investors should keep in mind before investing in the company.

Overall, the financials of Signature Global look good. The company has a strong track record of growth, and its debt levels are manageable. However, investors should carefully consider the risks before investing.

Here are some other things to keep in mind when analyzing the financials of Signature Global:

• The company’s operating margins have been declining in recent years. This is a concern, as it means that the company is not as profitable as it used to be.
• The company’s cash flow from operations has been negative in recent years. This means that the company is not generating enough cash from its operations to meet its financial obligations.
• The company’s inventory turnover ratio has been declining in recent years. This means that the company is taking longer to sell its inventory, which could lead to problems if the market conditions deteriorate.

Investors should carefully consider these factors before investing in Signature Global.

Signature Global IPO Pros & Cons

here is a table of the pros and cons of investing in the Signature Global IPO:

Company Promoters

• Pradeep Kumar Aggarwal
• Lalit Kumar Aggarwal
• Ravi Aggarwal
• Devender Aggarwal
• Pradeep Kumar Aggarwal HUF
• Lalit Kumar Aggarwal HUF
• Ravi Aggarwal HUF
• Devender Aggarwal HUF
• Sarvpriya Securities Private Limited

Signature Global IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Signatureglobal.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Company Address

Signature Global (India) Limited
13th Floor, Dr. Gopal Das Bhawan,
28 Barakhamba Road, Connaught Place,
New Delhi 110 001
Phone: +91 11 4928 1700
Email: cs@signatureglobal.in
Website: http://www.signatureglobal.in/

Signature Global IPO FAQs