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
IPO Open: | September 20, 2023 |
IPO Close: | September 22, 2023 |
IPO Size: | Approx ₹730 Crores |
Fresh Issue: | Approx ₹603 Crores |
Offer for Sale: | Approx ₹127 Crores |
Face Value: | ₹1 Per Equity Share |
IPO Price Band: | ₹366 to ₹385 Per Share |
IPO Listing on: | BSE & NSE |
Retail Quota: | 10% |
QIB Quota: | 75% |
NII Quota: | 15% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Signature Global IPO Market Lot
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 38 | ₹14,630 |
Retail Maximum | 13 | 494 | ₹190,190 |
S-HNI Minimum | 14 | 532 | ₹204,820 |
B-HNI Minimum | 69 | 2622 | ₹1,009,470 |
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.
Anchor Investors Allotment: | September 19, 2023 |
IPO Open Date: | September 20, 2023 |
IPO Close Date: | September 22, 2023 |
Basis of Allotment: | September 27, 2023 |
Refunds: | September 29. 2023 |
Credit to Demat Account: | October 3, 2023 |
IPO Listing Date: | October 4, 2023 |
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:
Pros | Cons |
---|---|
Strong track record of growth | Highly leveraged |
Well-positioned to benefit from the growing demand for affordable housing | Faces competition from other real estate developers in the NCR region |
Strong management team with experience in the real estate sector | Real estate sector is sensitive to the economic cycle |
Listed on the Bombay Stock Exchange and the National Stock Exchange, which provides liquidity for investors | IPO is being priced at a premium to the grey market price, which could indicate that the market is already pricing in the risks |
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
Signature Global IPO has been confirmed. The IPO is set to enter the market on September 20th and conclude on September 22th.
The IPO will open on 20th September 2023.
You can apply for the Signature Global IPO through a stockbroker. There are two ways to apply for an IPO through a stockbroker:
Online: You can apply for an IPO online through your stockbroker’s website or mobile app.
Offline: You can apply for an IPO offline by filling up an IPO application form and submitting it to your stockbroker.
To apply for the Signature Global IPO online, you will need to create an account with your stockbroker and have a Demat account and a trading account. You will also need to have funds in your trading account to pay for the shares.
To apply for the Signature Global IPO offline, you will need to download the IPO application form from your stockbroker’s website or ask for a form from your stockbroker. Fill up the form and submit it to your stockbroker along with the required documents.
The required documents for applying for an IPO are:
PAN card
Aadhaar card
Bank account statement
Proof of residence
The Signature Global 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.
The minimum investment amount for the Signature Global IPO is Rs 5,660 (10 shares).
Please note that this is not financial advice. Do your own research before investing in any IPO.
Here are some additional things to keep in mind when applying for the Signature Global IPO:
The IPO is likely to be oversubscribed, so it is important to apply early.
You should only invest the amount that you can afford to lose.
You should do your own research on the company before investing.