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

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)

ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20
Net Worth47.54(352.22)(210.78)(128.87)
Total Assets5,999.134,430.853,762.372,930.52
Reserve & Surplus34.08(364.01)(210.78)(128.87)
Total Borrowings1,709.751,157.531,176.38969.36
Total Revenue1,585.88939.60154.72263.03
Profit After Tax(63.72)(115.50)(86.28)(56.57)
(Amount in ₹ Crore)

IPO details

Issue TypeBook Built Issue IPO
IPO Price₹ 366 to ₹ 385 per share
Face Value₹ 1 per share
Market Lot38 shares
Issue Size18,961,039 shares (aggregating up to ₹ 730 crores)
Fresh Issue15,662,338 shares (aggregating up to ₹ 603 crores)
Offer for Sale3,298,701 shares (aggregating up to ₹ 127 crores)
Listing AtNSE, BSE

Shareholding Pattern

Shareholding pre-issue113,758,800
Shareholding post issue129,421,138

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 75% of the net offer
NII (HNI) shares offeredNot more than 15% of the offer
Retail shares offeredNot 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 DateSeptember 20, 2023
Closing DateSeptember 22, 2023
Basis of AllotmentSeptember 27, 2023
Initiation of RefundsSeptember 29, 2023
A credit of shares to Demat A/cOctober 3, 2023
Listing DateOctober 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)138₹ 14,630
Retail (Maximum)13494₹ 190,190
S-HNI (Minimum)14532₹ 204,820
S-HNI (Maximum)682,584₹ 994,840
B-HNI (Minimum)692,622₹ 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 Holdings78.36%
Post-issue Shares Holdings69.63%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationSignatureglobal (India) Limited
13th Floor, Dr. Gopal Das Bhawan,28 Barakhamba Road, Connaught Place,New Delhi 110 001
Phone: +91 11 4928 1700
Email: [email protected]
Website: http://www.signatureglobal.in/
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/mipo/ipoallotment.html
IPO Lead Manager(s)• ICICI Securities Limited 
• Axis Capital Limited 
• Kotak Mahindra Capital Company Limited

FAQs

The Signatureglobal India IPO price is ₹ 366 to ₹ 385 per share.

The minimum investment size is one lot for retail investors. One lot of the Signatureglobal India IPO contains 38 shares of ₹ 14,630.

The finalisation of the basis of allotment for the Signatureglobal India IPO will be done on September 27, 2023, and the allotted shares will be credited to your demat account by October 3, 2023. Check the Signatureglobal India IPO allotment status.

The Signatureglobal India IPO shares listing date is October 4, 2023.

The investors’ portion for QIB is 75% of the Net offers, NII (HNI) is 15%, and retail is 10% of the offer.

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