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Signatureglobal IPO is a book build issue of ₹730.00 crores. The issue is a combination of fresh issue of 1.57 crore shares aggregating to ₹603.00 crores and offer for sale of 0.33 crore shares aggregating to ₹127.00 crores.
Signatureglobal IPO bidding started from Sep 20, 2023 and ended on Sep 22, 2023. The allotment for Signatureglobal IPO was finalized on Sep 27, 2023. The shares got listed on BSE, NSE on Sep 27, 2023.
Signatureglobal IPO price band is set at ₹385.00 per share . The lot size for an application is 38. The minimum amount of investment required by an retail is ₹13,908 (38 shares). The lot size investment for sNII is 14 lots (532 shares), amounting to ₹2,04,820, and for bNII, it is 69 lots (2,622 shares), amounting to ₹10,09,470.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Signatureglobal IPO RHP for detailed Information.
| IPO Date | September 20, 2023 to September 22, 2023 |
| Listing Date | September 27, 2023 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹366 to ₹385 per share |
| Issue Price Final | ₹385 per share |
| Lot Size | 38 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,89,61,038 shares (aggregating up to ₹730.00 Cr) |
| Fresh Issue | 1,56,62,337 shares (aggregating up to ₹603.00 Cr) |
| Offer for Sale | 32,98,701 shares of ₹1 (aggregating up to ₹127.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 12,94,21,138 shares |
Signatureglobal India IPO offers total 1,89,61,038 shares. Out of which 1,42,20,780 (75.00%) allocated to QIB, 59,48,080 (31.37%) allocated to QIB, 28,44,155 (15.00%) allocated to NII, 18,96,103 (10.00%) allocated to RII and 82,72,700 (43.63%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,42,20,780 (75.00%) | NA |
| − Anchor Investor Shares Offered | 82,72,700 (43.63%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 59,48,080 (31.37%) | NA |
| NII (HNI) Shares Offered | 28,44,155 (15.00%) | NA |
| − bNII > ₹10L | 18,96,103 (10.00%) | 3,564 |
| − sNII < ₹10L | 9,48,052 (5.00%) | 1,782 |
| Retail Shares Offered | 18,96,103 (10.00%) | 49,897 |
| Total Shares Offered | 1,89,61,038 (100.00%) |
Signatureglobal IPO raises ₹318.50 crore from anchor investors. Signatureglobal IPO Anchor bid date is September 18, 2023. Signatureglobal IPO Anchor Investors list
| Bid Date | September 18, 2023 |
| Shares Offered | 82,72,700 |
| Anchor Portion Size (In Cr.) | 318.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 27, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 26, 2023 |
Signatureglobal IPO opens on September 20, 2023, and closes on September 22, 2023.
| IPO Open Date | Wed, Sep 20, 2023 |
| IPO Close Date | Fri, Sep 22, 2023 |
| Tentative Allotment | Wed, Sep 27, 2023 |
| Initiation of Refunds | Fri, Sep 29, 2023 |
| Credit of Shares to Demat | Tue, Oct 3, 2023 |
| Tentative Listing Date | Wed, Sep 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 22, 2023 |
Investors can bid for a minimum of 38 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,630 |
| Retail (Max) | 13 | 494 | ₹1,90,190 |
| S-HNI (Min) | 14 | 532 | ₹2,04,820 |
| S-HNI (Max) | 68 | 2,584 | ₹9,94,840 |
| B-HNI (Min) | 69 | 2,622 | ₹10,09,470 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2000, Signatureglobal (India) Limited is a real estate development company. The company operates in the National Capital Region of Delhi ("Delhi NCR") focussed on offering affordable and mid-segment housing in terms of units supplied.
Signatureglobal (India) started its operations with its Solera project on 6.13 acres of land in Gurugram, Haryana and today has grown tremendously. As of March 2023, the company had sold 27,965 residential and commercial units, all located within the Delhi NCR region. In terms of Sales Growth too, they have attained a CAGR of 42.46%, from Rs. 16,902.74 million in Fiscal 2021 to Rs. 34,305.84 million in Fiscal 2023.
Signatureglobal (India) Limited focuses on GoI and state government policies supporting affordable housing in order to assist customers in realizing their dream of having their own home. Policies like Affordable Housing Policy, 2013, the Affordable Plotted Housing Policy or the Deen Dayal Jan Awas Yojana ("DDJAY - APHP"), and so on.
The company aspires to offer "value homes" which are a combination of attractive designs and amenities. Another aspect that the company proactively seeks is to enhance the value of its projects and create a better living environment.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,930.52 | 3,762.37 | 4,430.85 | 5,999.13 |
| Total Income | 263.03 | 154.72 | 939.60 | 1,585.88 |
| Profit After Tax | -56.57 | -86.28 | -115.50 | -63.72 |
| Net Worth | -93.07 | -206.87 | -352.22 | 47.54 |
| Reserves and Surplus | -128.87 | -210.78 | -364.01 | 34.08 |
| Total Borrowing | 969.36 | 1,176.38 | 1,157.53 | 1,709.75 |
The market capitalization of Signatureglobal IPO is ₹5409.66 Cr.
| KPI | Values |
|---|---|
| ROE | -134.0% |
| ROCE | 1% |
| Debt/Equity | 34.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -5.44 |
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
[Dilip Davda] Though the company has lion market share in affordable housing in Delhi NCR region, its loss making journey so far makes the IPO exorbitantly priced with a negative P/E. The company has large projects on hand and with its sale realization, the company is likely to turn the table in the nearer term. But based on its performance so far, it’s a “High Risk/Low Return” bet. Hence only well-informed/cash surplus/risk seekers may park moderate funds for the long term rewards, others can skip it. Read detail review...
| Listing Date | September 27, 2023 |
| BSE Script Code | 543990 |
| NSE Symbol | SIGNATURE |
| ISIN | INE903U01023 |
| Final Issue Price | ₹385 per share |
| BSE Listing Group | B |
Signatureglobal (India) Ltd.
13th Floor, Dr. Gopal Das Bhawan,
28 Barakhamba Road,
Connaught Place,
New Delhi, New Delhi, 110001
Phone: +91 11 4928 1700
Email: cs@signatureglobal.in
Website: http://www.signatureglobal.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: Signatureglobal.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Signatureglobal IPO is a main-board IPO of 1,89,61,038 equity shares of the face value of ₹1 aggregating up to ₹730.00 Crores. The issue is priced at ₹385 per share. The minimum order quantity is 38.
The IPO opens on September 20, 2023, and closes on September 22, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Signatureglobal IPO using UPI as a payment gateway. Zerodha customers can apply in Signatureglobal IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Signatureglobal IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Signatureglobal IPO opens on September 20, 2023 and closes on September 22, 2023.
Signatureglobal IPO lot size is 38, and the minimum amount required for application is ₹14,630.
You can apply in Signatureglobal IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Signatureglobal IPO will be done on Wednesday, September 27, 2023, and the allotted shares will be credited to your demat account by Tuesday, October 3, 2023. Check the Signatureglobal IPO allotment status.
The Signatureglobal IPO listing date is on Wednesday, September 27, 2023.
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