IPO Details

Issue Date

--

Investment/lot

--

Price Range

385

Lot Size

38

IPO Size

₹ 730.00 Cr

IPO Listing Details

Listing On

27 Sep'23

Issue Price

--

Listed Price

₹ 444

Retail Gain/Listing Gain

15.32%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

SignatureGlobal (India) Limited is the largest real estate development company in the National Capital Region of Delhi (Delhi NCR) within the affordable and lower mid-segment housing category, in terms of units provided (priced below Rs. 8 million) from 2020 to three months concluding on 31st March 2023, with a market share of 19% (Source: Anarock Report).

Their operations have grown significantly over the years, achieving remarkable results in less than a decade. As of 31st March 2023, they successfully sold 27,965 residential and commercial units, all situated within the Delhi NCR region, encompassing an impressive aggregate Saleable Area of 18.90 million square feet. Their Sales (net of cancellations) have exhibited substantial growth, with a CAGR of 42.46%. This growth propelled their sales from Rs. 16,902.74 million in Fiscal 2021 to Rs. 34,305.84 million in Fiscal 2023.

With that, let's take a look at the competitive strengths and risk factors for Signature Global (India) Limited:

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Largest affordable and lower-mid and mid-segment real estate developer in Delhi NCR
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Well-established brand with a strong distribution network
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Fast-growing with an ability to scale up rapidly
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  • The company has incurred net loss and negative net worth in the past, and may not be able to achieve or maintain profitability in the future.
  • The business and profitability are significantly dependent on the performance of the real estate market in the Delhi NCR region, particularly in Gurugram and Sohna micro-markets in Haryana.
  • The withdrawal of certain benefits under the Haryana Affordable Housing Policy, 2013 and the Deen Dayal Jan Awas Yojna, may adversely affect the business, prospects and results of operations.
  • Continue to focus on affordable and lower mid-segment housing.
  • Further consolidate the leadership position in Gurugram, Haryana and expand selectively in micro-markets within Delhi NCR.
  • Focus on growth with cost and price optimisation.

Here are the key financials for SignatureGlobal (India) Limited

Particulars (in Rs. million)

Particulars (in Rs. million)

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SignatureGlobal India Ltd IPO FAQs

SignatureGlobal India Ltd will list on 2023-09-27.

730.00 is the issue size of SignatureGlobal India Ltd IPO.

The price band of SignatureGlobal India Ltd IPO is ₹385 to ₹0.

The SignatureGlobal (India) Limited IPO has an issue size of Rs. 730 crores. The IPO opens for subscription on 20th September and closes on 22nd September 2023.

Link Intime India Private Limited is the registrar for this IPO.

You may read more about SignatureGlobal (India) Limited and its IPO from the company’s red herring prospectus (RHP) here:

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