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SignatureGlobal India IPO

  • Status: Closed
  • RHP:
  • ₹ 13,908 / 38 shares

    Minimum Investment

IPO Details

  • Open Date

    20 Sep 2023

  • Close Date

    22 Sep 2023

  • IPO Price Range

    ₹ 366 to ₹ 385

  • IPO Size

    ₹ 730 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    04 Oct 2023

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IPO Timeline

SignatureGlobal India IPO Subscription Status

Last Updated: 26 September 2023 3:43 PM by 5Paisa

SignatureGlobal Limited IPO is all set to open from 20th September to 22nd September 2023. The company is involved in the business of real estate development. The IPO includes a fresh issue of 15,662,338 equity shares worth ₹603.00 cr and an Offer For Sale (OFS) of 3,298,701 equity shares worth ₹127.00 cr. The total IPO size is ₹730.00 cr. The share allotment date is 27th September, and the IPO will be listed on 4th October on the stock exchanges. The price band is ₹366 to ₹385 per share and the lot size is 38 shares.    

ICICI Securities Limited, Axis Capital Limited, And Kotak Mahindra Capital Company Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 
 

Objectives of SignatureGlobal IPO:

• To pre-pay or repay, full/part borrowings obtained by the company. 
• To invest and repay or prepay full/partial borrowing obtained by the Subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon.
• To fund inorganic growth through land acquisitions.
• Fund general corporate purposes.

SignatureGlobal IPO Video:

 

Established in 2000, SignatureGlobal (India) Limited is in the business of real estate development. The company specializes in affordable and mid-segment housing units in the Delhi NCR region. 

Solera was the company’s first project which spanned 6.13 acres of land in Gurugram, Haryana. Since its inception, SignatureGlobal has experienced substantial growth. As of March 2023, they have successfully sold 27,965 residential and commercial units, all strategically situated in the Delhi NCR region.

SignatureGlobal Limited also supports the Government of India and state government initiatives for affordable housing and enabling individuals to realize their dream of homeownership. The company has been extensively involved in developing projects under the Affordable Housing Policy, 2013 notified by the Town and Country Planning Department, Government of Haryana (“AHP”) and the Affordable Plotted Housing Policy or the Deen Dayal Jan Awas Yojana (“DDJAY - APHP”). The company's vision revolves around providing "value homes," which offer attractive designs and amenities. 
 

Peer Comparison
• DLF Limited
• Macrotech Developers Limited
• Godrej Properties Limited
• Prestige Estates Projects Limited
• Sobha Limited

For More Information:
Webstory on SignatureGlobal IPO
SignatureGlobal IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 1553.57 901.29 82.05
EBITDA  215.57 27.38 -58.28
PAT -63.71 -115.50 -86.28
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 5999.12 4430.85 3762.37
Share Capital 12.485 11.376 5.688
Total Borrowings 5948.95 4777.20 3958.18
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -278.18 205.24 36.44
Net cash from / (used in) investing activities 7.63 53.77 -26.24
Net cash flow from / (used in) financing activities 673.41 -268.53  96.53
Net increase (decrease) in cash and cash equivalents 402.86 -9.51 106.73


Strengths

1. The company is the largest affordable and lower-mid and mid-segment real estate developer in Delhi NCR.
2. It is a well-established brand and has a strong distribution network and digital marketing capabilities translating into faster sales.
3. It is growing fast and has the ability to scale up rapidly.
4. Ability to provide aspirational lifestyle and amenities at affordable pricing and at strategic locations.
5. Standardized product offerings, quick turnaround and end-to-end in-house project execution expertise.
6. Positive operating cash flows with low levels of debt.
7. Strong focus on sustainable development.

Risks

1. The company has incurred net loss and negative Net Worth in the past. Its subsidiaries have also incurred losses in the past.
2. The business and profitability are significantly dependent on the performance of the real estate market in the Delhi-NCR region, which creates business concentration risk. 
3. The withdrawal of certain benefits under the Haryana Affordable Housing Policy, 2013 and the Deen Dayal Jan Awas Yojna may adversely affect the business.
4. An increase in the price of land and/ or shortages of land available for development may have a material adverse effect on the revenue from operations.
5. The business is capital-intensive and requires significant expenditure for development.
6. Operates in a very competitive industry.
7. Any pandemic-like situation can impact the company’s profitability.
 

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FAQs

The minimum lot size of Signature Global IPO is 38 shares and the investment required is ₹13,908.

The Price band of Signature Global is ₹366 to ₹385.

Signature Global IPO is open from 20th September to 22nd September 2023.

The share allotment date of Signature Global is the 27th of September.

The Signature Global IPO will be listed on the 4th of October 2023.

 ICICI Securities Limited, Axis Capital Limited, and Kotak Mahindra Capital Company Limited are the book-running lead managers for Signature Global IPO.

SignatureGlobal Limited plans to utilize the raised capital from IPO to:

1. To pre-pay or repay, full/part borrowings obtained by the company. 
2. To invest and repay or prepay full/partial borrowing obtained by the Subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon.
3. To fund inorganic growth through land acquisitions.
4. Fund general corporate purposes.