Signatureglobal India IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The Signatureglobal India IPO will open on September 20 and close on September 22, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 730 crore through this public offering, consisting of 18,961,039 shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 366 to ₹ 385 per share.

Signatureglobal India Limited (“the Company”)

Signatureglobal India Limited commenced operation in 2014 through its subsidiary, Signature Builders Private Limited, with the launch of its Solera project on 6.13 acres of land in Gurugram, Haryana.

It is the largest real estate development company in the National Capital Region of Delhi (“Delhi NCR”), focused on affordable and mid-segment housing in terms of units supplied (in the below ₹ 8 million price category) between 2019 and 2021, with a market share of 19%.

The company has grown its operations over the years and in less than a decade, and as of March 31, 2022, they had sold 23,453 residential and commercial units, all within the Delhi NCR region, with an aggregate saleable area of 14.59 million square feet.

Noteworthy Highlight

• Its sales (net of cancellation) have grown at a compounded annual growth rate (“CAGR”) of 142.62%, from ₹ 4,400.10 million in fiscal 2020 to ₹ 25,900.38 million in fiscal 2022. As of March 31, 2022, they had sold 21,478 residential units at an average selling price of ₹ 2.81 million per unit.
• As of March 31, 2022, the company was the largest real estate developer under the AHP in the Gurugram and Sohna region, with a market share of 23% in terms of total supply of units in the period from 2019 to 2021.
• It was also the largest real estate developer under the DDJAY-APHP in the Gurugram and Sohna region, with a market share of 49% of the total supply of units under the DDJAY-APHP floors in the period from 2019 to 2021.

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

1. Re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company;
2. 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;
3. Inorganic growth through land acquisitions and general corporate purposes.

Financial Highlights (Restated)

Particulars	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Net Worth	47.54	(352.22)	(210.78)	(128.87)
Total Assets	5,999.13	4,430.85	3,762.37	2,930.52
Reserve & Surplus	34.08	(364.01)	(210.78)	(128.87)
Total Borrowings	1,709.75	1,157.53	1,176.38	969.36
Total Revenue	1,585.88	939.60	154.72	263.03
Profit After Tax	(63.72)	(115.50)	(86.28)	(56.57)

IPO details

Issue Type	Book Built Issue IPO
IPO Price	₹ 366 to ₹ 385 per share
Face Value	₹ 1 per share
Market Lot	38 shares
Issue Size	18,961,039 shares (aggregating up to ₹ 730 crores)
Fresh Issue	15,662,338 shares (aggregating up to ₹ 603 crores)
Offer for Sale	3,298,701 shares (aggregating up to ₹ 127 crores)
Listing At	NSE, BSE

Shareholding Pattern

Shareholding pre-issue	113,758,800
Shareholding post issue	129,421,138

IPO Reservation

Categories	No. of shares offered
QIB shares offered	Not more than 75% of the net offer
NII (HNI) shares offered	Not more than 15% of the offer
Retail shares offered	Not less than 35% of the Offer

GMP: Signatureglobal India IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Signatureglobal India IPO

The issue opens for subscription on September 20, 2023, and closes for subscription on September 22, 2023 (both days inclusive). The basis of allotment will be finalised on September 27, 2023, and the refunds will be initiated on September 29, 2023. In addition, the demat credits are expected to happen on October 3, 2023, and the stock will be listed on the NSE and BSE on October 4, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening Date	September 20, 2023
Closing Date	September 22, 2023
Basis of Allotment	September 27, 2023
Initiation of Refunds	September 29, 2023
A credit of shares to Demat A/c	October 3, 2023
Listing Date	October 4, 2023

Lot Size

The lot size of the Signatureglobal India IPO is 38 shares. A retail-individual investor can apply for up to 13 lots, i.e. 494 shares of ₹ 190,190.

Applications	Lots	Shares	Amount
Retail (Minimum)	1	38	₹ 14,630
Retail (Maximum)	13	494	₹ 190,190
S-HNI (Minimum)	14	532	₹ 204,820
S-HNI (Maximum)	68	2,584	₹ 994,840
B-HNI (Minimum)	69	2,622	₹ 1,009,470

Promoters Holdings 

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.

Pre-issue Shares Holdings	78.36%
Post-issue Shares Holdings	69.63%

Miscellaneous Information

Download Prospectus (PDF)	IPO DRHP IPO RHP
Company 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/
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
IPO Lead Manager(s)	• ICICI Securities Limited  • Axis Capital Limited  • Kotak Mahindra Capital Company Limited

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