Bookbuilding IPO | ₹730 Cr | Listed at BSE, NSE | Wed, Sep 20, 2023 - Fri, Sep 22, 2023
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 per share. The lot size for an application is 38. The minimum amount of investment required by an retail is ₹14,630 (38 shares) (based on upper price). 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 Open
Wed, Sep 20, 2023
IPO Close
Fri, Sep 22, 2023
Issue Price
₹385 per share
Market Cap (Pre-IPO)
₹5,409.66 Cr
| IPO Date | 20 to 22 Sep, 2023 |
| Listed on | Wed, Sep 27, 2023 |
| Face Value | ₹1 per share |
| Price Band | ₹366 to ₹385 |
| Issue Price | ₹385 per share |
| Lot Size | 38 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,89,61,038 shares (agg. up to ₹730 Cr) |
| Fresh Issue | 1,56,62,337 shares (agg. up to ₹603 Cr) |
| Offer for Sale | 32,98,701 shares of ₹1 (agg. up to ₹127 Cr) |
| Share Holding Post Issue | 12,94,21,138 shares |
| BSE Script Code / NSE Symbol | 543990 / SIGNATURE |
| ISIN | INE903U01023 |
Signatureglobal 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 38 shares and in multiples thereof.
| 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 |
Signatureglobal IPO raises ₹318.50 crore from anchor investors. Signatureglobal IPO Anchor bid date is September 18, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 18, 2023 |
| Shares Offered | 82,72,700 |
| Anchor Portion (₹ Cr.) | 318.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Oct 27, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 26, 2023 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 5,999.13 | 4,430.85 | 3,762.37 | 2,930.52 |
| Total Income | 1,585.88 | 939.60 | 154.72 | 263.03 |
| Profit After Tax | -63.72 | -115.50 | -86.28 | -56.57 |
| NET Worth | 47.54 | -352.22 | -206.87 | -93.07 |
| Reserves and Surplus | 34.08 | -364.01 | -210.78 | -128.87 |
| Total Borrowing | 1,709.75 | 1,157.53 | 1,176.38 | 969.36 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Re-paymentor pre-payment, in full or in part, of certain borrowings availed by our Company | 264.00 |
| 2 | Infusion of funds in certain of our Subsidiaries, namely Signatureglobal Homes, Signatureglobal Developers, SignatureglobalBusiness Park and Sternal Buildcon for re-payment or pre-payment, in full or in part, of certain borrowings availed by our Subsidiaries; and | 168.00 |
| 3 | Inorganic growth through land acquisitions and general corporate purposes | 128.53 |
| KPI | |
|---|---|
| ROE | -134.0% |
| ROCE | 1% |
| Debt/Equity | 34.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -5.44 | |
| Promoter Holding | 78.36% | 69.63% |
| Market Cap | ₹5,409.66 Cr. |
The Signatureglobal India IPO is subscribed 12.5 times on September 22, 2023 7:02:00 PM (Day 3). The public issue subscribed 7.17 times in the retail category, 13.37 times in the QIB category, and 14.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 13.37 | 59,48,079 | 7,95,08,806 |
| NII | 14.24 | 28,44,156 | 4,04,99,488 |
| bNII (bids above ₹10L) | 16.6 | 18,96,103 | 3,14,67,420 |
| sNII (bids below ₹10L) | 9.53 | 9,48,052 | 90,32,068 |
| Retail | 7.17 | 18,96,104 | 1,35,96,780 |
| Total | 12.5 | 1,06,88,339 | 13,36,05,074 |
Total Application : 3,49,431
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers’ fees andcommissions (including any underwriting commission) | 22.72 |
| 2 | Commission/processing fee for SCSBs,Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and biddingcharges for Members of the Syndicate,Registered Brokers, RTAs and CDPs | 1.99 |
| 3 | Fees payable to Registrar to the Offer | 0.01 |
| 4 | Fees payable to other parties, including but notlimited to Statutory Auditors, IndependentChartered Accountant, industry expert andlegal counsels | 17.31 |
| 5 | Listing fees, SEBI filing fees, uploadfees, BSE and NSE processing fees, bookbuilding software fees and other regulatory expenses | 3.12 |
| 6 | Advertising and Marketing expenses | 3.04 |
| 7 | Printing and Stationery Expenses | 1.80 |
| 8 | Miscellaneous | 1.41 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹385.00 | ₹385.00 |
| Open | ₹445.00 | ₹444.00 |
| Low | ₹444.10 | ₹444.00 |
| High | ₹473.45 | ₹474.00 |
| Last Trade | ₹458.40 | ₹458.55 |
Lead Manager Reports
Signatureglobal IPO is a main-board IPO of 1,89,61,038 equity shares of the face value of ₹1 aggregating up to ₹730 Crores. The issue is priced at ₹385 per share. The minimum order quantity is 38.
The IPO opens on Wed, Sep 20, 2023, and closes on Fri, Sep 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 Wed, Sep 20, 2023 and closes on Fri, Sep 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 Tue, Oct 3, 2023. Check the Signatureglobal IPO allotment status.
The Signatureglobal IPO listing date is on Wed, Sep 27, 2023.
