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Signature Global (India) Limited IPO – Upcoming IPO in India 2023

Published : September 19, 2023

Signatureglobal (India) Limited IPO

Signatureglobal (India) Limited IPO (Signatureglobal India IPO)

About Company

Signature Global holds the distinction of being the largest real estate development company in the National Capital Region of Delhi (“Delhi NCR”). Its core area of emphasis lies in the development of affordable and mid-segment housing. Specifically, this pertains to housing units with a price range falling below ₹8 million during the period spanning from 2019 to 2021. In this segment, the company has successfully captured a significant market share of 19%.

Signatureglobal (India) Limited IPO
Signatureglobal (India) Limited

As of March 31, 2021, the company has successfully sold 21,478 residential units, each averaging a selling price of ₹2.81 million per unit. Signature Global strategically aligns itself with central and state government policies that promote affordable housing. It’s worth noting that Signature Global aligns itself with key government policies that support affordable housing initiatives. This includes compliance with the Affordable Housing Policy (AHP), 2013, as notified by the Town and Country Planning Department of the Government of Haryana. Additionally, the company also adheres to the Affordable Plotted Housing Policy, commonly referred to as the Deen Dayal Jan Awas Yojana (DDJAY-APHP). These policies serve as a foundation for the company’s commitment to providing affordable housing solutions.

The company places a strong emphasis on sustainable development, integrating green concepts and techniques into its projects. This includes sustainable water management facilities, low-flow fixtures to conserve water, efficient solid waste management practices, and the incorporation of solar panels for clean energy generation.

All of Signature Global’s projects are strategically located within the well-developed Delhi NCR region, ensuring seamless connectivity to various parts of Delhi NCR. Among its key completed projects are Solera, Serenas, and Synera, all situated in Gurugram, Haryana. Additionally, notable ongoing projects include City 37D, Sunrise, and Prime, located in Gurugram, Karnal, and Gurugram, respectively.

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Signatureglobal (India) Limited IPO Objectives

The company intends to utilize the Net Proceeds for the following purposes:

  1. Repayment or prepayment, either fully or partially, of specific borrowings availed by the Company.
  2. Infusion of funds into certain subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon, to facilitate the repayment or prepayment, either fully or partially, of certain borrowings taken by these subsidiaries.
  3. Pursuing inorganic growth through land acquisitions.
  4. Addressing general corporate requirements and purposes.
Signatureglobal (India) Limited IPO
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Signatureglobal (India) Limited IPO Details

Open and Close Date of Signatureglobal (India) Limited IPO – Tentative

The subscription for the IPO will be open from September 20th and will close on September 22nd.

IPO Open DateWednesday, September 20, 2023
IPO Close DateFriday, September 22, 2023
Open and Close Date of Signatureglobal (India) Limited IPO

Signatureglobal (India) Limited IPO share price

The price band for the Signatureglobal (India) Limited IPO has been set at ₹366 to ₹385 per share.

IPO Price₹366 to ₹385 per share
Signatureglobal (India) Limited IPO share price

Signatureglobal (India) Limited IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

Issue TypeBook Built Issue IPO
Face Value₹1 per share
Market Lot38 Shares
Listing AtBSE, NSE
Total Issue Size(aggregating up to ₹730.00 Cr)
Signatureglobal (India) Limited IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size
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Signatureglobal (India) Limited IPO Promoter Holding

The promoters of the Company include Pradeep Kumar Aggarwal, Lalit Kumar Aggarwal, Ravi Aggarwal, Devender Aggarwal, Pradeep Kumar Aggarwal HUF, Lalit Kumar Aggarwal HUF, Ravi Aggarwal HUF, Devender Aggarwal HUF, and Sarvpriya Securities Private Limited.

Pre Issue Share Holding78.36%
Post Issue Share Holding69.63%
Signatureglobal (India) Limited IPO Promoter Holding

Signatureglobal (India) Limited’ Financial Information (Reiterated)

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets2,930.523,762.374,430.855,999.13
Revenue263.03154.72939.601,585.88
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
Signatureglobal (India) Limited’ Financial Information (Reiterated) (Amount in ₹ Crore)
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Signatureglobal (India) Limited IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: Signatureglobal.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html

Signatureglobal (India) Limited IPO Lead Manager

  1. ICICI Securities Limited
  2. Axis Capital Limited
  3. Kotak Mahindra Capital Company Limited

Contact Information

Signatureglobal (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/

Signatureglobal (India) Limited IPO Prospectus

Signatureglobal India IPO DRHP

Signatureglobal India IPO RHP

Anchor Investors in Signatureglobal India IPO

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How to apply for the Signatureglobal (India) Limited IPO?

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