Signature Global IPO
With a market share of 19% between 2019 and 2021, the company is the biggest real estate developer in the National Capital Region of Delhi (Delhi NCR), focusing on inexpensive and mid-segment housing (in the price range around INR 80 lakh).
With the inauguration of the Solera project on 6.13 acres of land in Gurugram, Haryana, Signature Global officially started operations in 2014 through a subsidiary, Signature Builders Private Limited.
With 84.58% of its saleable area situated in Gurugram and Sohna in Haryana, the majority of its completed projects, ongoing projects, and upcoming projects, almost all of its projects have been or are being carried out under the AHP or the Deen Dayal Jan Awas Yojna – Affordable Plotted Housing Policy (DDJAY – APHP). Between 2019 and 2021, it had a market share of 29% across all price ranges in Gurugram and a market share of 40% in the affordable and mid segments.
Signature Global IPO Details
| Signature Global IPO Details | ||
|---|---|---|
|
Signature Global IPO Dates |
20 – 22 September 2023 |
|
|
Signature Global IPO Price |
INR 366 – 385 per share |
|
|
Fresh issue |
15,662,338 shares (INR 603 crore) |
|
|
Offer For Sale |
3,298,701 shares (INR 127 crore) |
|
|
Total IPO Size |
18,961,039 shares (INR 730 crore) |
|
|
Minimum bid (size) |
38 shares
INR 14,630
|
|
|
Face Value |
INR 1 per share |
|
|
Retail Allocation |
10% |
|
|
Listing On |
NSE, BSE |
|
Signature Global Financial Performance
| Signature Global Financial Performance | ||||
|---|---|---|---|---|
|
|
FY 20 |
FY21 |
FY22 |
FY23 |
|
Revenue |
241.55 |
82.05 |
901.30 |
1,553.57 |
|
Expenses |
337.53 |
246.65 |
1,076.01 |
1,642.63 |
|
Net income |
(56.57) |
(86.27) |
(115.5) |
(63.72) |
|
Margin (%) |
(23.42) |
(105.14) |
(12.37) |
(4.10) |
Figures in INR Crore unless specified otherwise