Signature Global (India) Limited IPO (Signature Global India IPO) Detail
Signatureglobal India IPO
Signature Global India IPO is a book built issue of Rs 730.00 crores. The issue is a combination of fresh issue of 1.57 crore shares aggregating to Rs 603.00 crores and offer for sale of 0.33 crore shares aggregating to Rs 127.00 crores.
Signatureglobal India IPO bidding started from September 20, 2023 and ended on September 22, 2023. The allotment for Signatureglobal India IPO was finalized on Wednesday, September 27, 2023. The shares got listed on BSE, NSE on September 27, 2023.
Signatureglobal India IPO price band is set at ₹366 to ₹385 per share. The minimum lot size for an application is 38 Shares. The minimum amount of investment required by retail investors is ₹14,630. The minimum lot size investment for sNII is 14 lots (532 shares), amounting to ₹204,820, and for bNII, it is 69 lots (2,622 shares), amounting to ₹1,009,470.
ICICI Securities Limited, Axis Capital Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Signatureglobal India IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Signatureglobal India IPO RHP for detailed information.
Signatureglobal India IPO Details
| IPO Date | September 20, 2023 to September 22, 2023 |
| Listing Date | September 27, 2023 |
| Face Value | ₹1 per share |
| Price Band | ₹366 to ₹385 per share |
| Lot Size | 38 Shares |
| Total Issue Size | 18,961,039 shares (aggregating up to ₹730.00 Cr) |
| Fresh Issue | 15,662,338 shares (aggregating up to ₹603.00 Cr) |
| Offer for Sale | 3,298,701 shares of ₹1 (aggregating up to ₹127.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 113,758,800 |
| Share holding post issue | 129,421,138 |
Signatureglobal India IPO Reservation
Signatureglobal India IPO a total of 18,961,039 shares are offered. QIB: 5,948,079 (31.37%), RII: 1,896,104 (10.00%), NII: 2,844,156 (15.00%).
| Anchor Investor Shares Offered | 8,272,700 (43.63%) |
| QIB Shares Offered | 5,948,079 (31.37%) |
| NII (HNI) Shares Offered | 2,844,156 (15.00%) |
| Retail Shares Offered | 1,896,104 (10.00%) |
| Total Shares Offered | 18,961,039 (100%) |
Signatureglobal India IPO Timeline (Tentative Schedule)
Signatureglobal India IPO opens on September 20, 2023, and closes on September 22, 2023.
| IPO Open Date | Wednesday, September 20, 2023 |
| IPO Close Date | Friday, September 22, 2023 |
| Basis of Allotment | Wednesday, September 27, 2023 |
| Initiation of Refunds | Friday, September 29, 2023 |
| Credit of Shares to Demat | Tuesday, October 3, 2023 |
| Listing Date | Wednesday, September 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 22, 2023 |
Signatureglobal India IPO Lot Size
Investors can bid for a minimum of 38 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,630 |
| Retail (Max) | 13 | 494 | ₹190,190 |
| S-HNI (Min) | 14 | 532 | ₹204,820 |
| S-HNI (Max) | 68 | 2,584 | ₹994,840 |
| B-HNI (Min) | 69 | 2,622 | ₹1,009,470 |
| Lot Size Calculator | |||
Signatureglobal India IPO Promoter Holding
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 are the promoters of the Company.
| Share Holding Pre Issue | 78.36% |
| Share Holding Post Issue | 69.63% |
Signatureglobal India IPO Anchor Investors Details
Signatureglobal India IPO raises Rs 318.50 crore from anchor investors. Signatureglobal India IPO Anchor bid date is September 18, 2023. Signatureglobal India IPO Anchor Investors list
| Bid Date | September 18, 2023 |
| Shares Offered | 8,272,700 |
| Anchor Portion Size (In Cr.) | 318.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 10, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 7, 2024 |
About Signatureglobal (India) Limited
Incorporated in 2000, Signatureglobal (India) Limited is a real estate development company. The company operates in the National Capital Region of Delhi ("Delhi NCR") focussed on offering affordable and mid-segment housing in terms of units supplied.
Signatureglobal (India) started its operations with its Solera project on 6.13 acres of land in Gurugram, Haryana and today has grown tremendously. As of March 2023, the company had sold 27,965 residential and commercial units, all located within the Delhi NCR region. In terms of Sales Growth too, they have attained a CAGR of 42.46%, from Rs. 16,902.74 million in Fiscal 2021 to Rs. 34,305.84 million in Fiscal 2023.
Signatureglobal (India) Limited focuses on GoI and state government policies supporting affordable housing in order to assist customers in realizing their dream of having their own home. Policies like Affordable Housing Policy, 2013, the Affordable Plotted Housing Policy or the Deen Dayal Jan Awas Yojana ("DDJAY - APHP"), and so on.
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.
Company Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,930.52 | 3,762.37 | 4,430.85 | 5,999.13 |
| Revenue | 263.03 | 154.72 | 939.60 | 1,585.88 |
| Profit After Tax | -56.57 | -86.28 | -115.50 | -63.72 |
| Net Worth | -93.07 | -206.87 | -352.22 | 47.54 |
| Reserves and Surplus | -128.87 | -210.78 | -364.01 | 34.08 |
| Total Borrowing | 969.36 | 1,176.38 | 1,157.53 | 1,709.75 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 5409.66 |
| ROE | -134.0% |
| ROCE | 1% |
| Debt/Equity | 34.1 |
| EPS (Rs) | -5.44 |
Objects of the Issue (Signatureglobal India IPO Objectives)
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company;
- Infusion of funds in certain of our Subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Subsidiaries;
- Inorganic growth through land acquisitions and general corporate purposes.
Signatureglobal India IPO Subscription Status (Bidding Detail)
The Signatureglobal India IPO is subscribed 12.50 times on Sep 22, 2023 7:02:00 PM. The public issue subscribed 7.17 times in the retail category, 13.37 times in the QIB category, and 14.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 13.37 |
| NII | 14.24 |
| bNII (bids above ₹10L) | 16.60 |
| sNII (bids below ₹10L) | 9.53 |
| Retail | 7.17 |
| Total | 12.50 |
Total Application : 349,431 (7.00 times)
Signatureglobal India IPO Prospectus
Signatureglobal India IPO Rating
Signatureglobal India IPO Listing Details
| Listing Date | September 27, 2023 |
| BSE Script Code | 543990 |
| NSE Symbol | SIGNATURE |
| ISIN | INE903U01023 |
| Final Issue Price | ₹385 per share |
Listing Day Trading Information
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹385.00 |
| ₹445.00 |
| ₹444.10 |
| ₹473.45 |
| ₹458.40 |
| NSE |
|---|
| ₹385.00 |
| ₹444.00 |
| ₹444.00 |
| ₹474.00 |
| ₹458.55 |
Signatureglobal India IPO Contact Details
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 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 IPO Lead Manager(s)
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