Signature Global IPO GMP, review, Price, Date, Allotmen

Signature Global ipo Review: Signature Global is coming up with its Initial Public Offering

Signature Global IPO
Signature Global IPO

Signature Global IPO- About The Company

 

Signature Global Limited is the largest real estate development company in the National Capital Region of Delhi (“Delhi NCR”) focussed 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 commenced operations in 2014 through their Subsidiary, Signature Builders Private Limited, with the launch of the Solera project on 6.13 acres of land in Gurugram, Haryana. Signature Global has grown their operations over the years and in less than a decade, and as of March 31, 2022, the company had sold 23,453 residential and commercial units, all within the Delhi NCR region.

As of March 31, 2022, the company is the largest real estate developer under the Affordable Housing Policy (AHP) in the Gurugram and Sohna region with a market share of 23%. The company is also the largest real estate developer under the Deen Dayal Jan Awas Yojana or the Affordable Plotted Housing Policy (DDJAY – APHP) in the Gurugram and Sohna region, with a market share of 49%.

Some of the key Completed Projects include Solera, Serenas and Synera, each located in Gurugram, Haryana. Certain of the notable Ongoing Projects include City 37D, Sunrise and Prime, located in Gurugram, Karnal and Gurugram, respectively.

Signature Global has an extensive distribution network focussed on the customer segments, with 484 channel partners and an inhouse team of 43 employees engaged in direct sales and 96 employees for indirect sales, as of March 31, 2022.

for more information visit – http://nse.com

Object Of The Issue

 

  • Re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company;
  • Infusion of funds in certain of our Subsidiaries, namely Signature global Homes, Signature Infra build, Signature global Developers, and Sternal Build con for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Subsidiaries;
  • Inorganic growth through land acquisitions and general corporate purposes.

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Signature Global Financial Performance

  FY 2020 FY 2021 FY 2022 FY 2023
Revenue 241.55 82.05 901.30 1,553.57
Expenses 337.53 246.65 1,076.01 1,642.63
Net income (56.57) (86.27) (115.5) (63.72)
Margin (%) (23.42) (105.14) (12.37) (4.10)

 

Signature Global Valuations & Margins

 

FY 2020 FY 2021 FY 2022 FY 2023
EPS (5.07) (7.56) (10.23) (5.44)
PE ratio NA
RONW (%) NA
NAV (8.18) (18.18) (30.96) 3.81
EBITDA (%) 3.94 (71.03) 3.04 13.88
Debt/Equity 1.07 1.17 1.23

Signature Global ipo – strengths 

 

  • Largest affordable and mid segment real estate developer in Delhi NCR;
  • Well-established brand, strong distribution network and digital marketing capabilities translating into faster sales;
  • Fast growing with ability to scale up rapidly;
  • Ability to provide aspirational lifestyle and amenities at affordable pricing and at strategic locations;
  • Standardized product offerings, quick turnaround and end-to-end in-house project execution expertise;
  • Positive operating cash flows with low levels of debt;

Signature Global IPO Details

Signature Global IPO Dates 20 – 22 September 2023
Signature Global IPO Price INR 366 – 385 per share
Fresh issue 15,662,338 shares (INR 603 crore)
Offer For Sale 3,298,701 shares (INR 127 crore)
Total IPO size 18,961,039 shares (INR 730 crore)
Minimum bid (lot size) 38 shares

INR 14,630

Face Value  INR 1 per share
Retail Allocation 10%

Signature Global IPO – Date Schedule

IPO Open Date 20 September 2023
IPO Close Date 22 September 2023
Basis of Allotment Date 27 September 2023
Initiation of Refunds 29 September 2023
Credit of Shares to Demat Account 03 October 2023
IPO Listing Date 04 October 2023

 

Signature Global IPO GMP Today

 

Date Ipo gmp  Kostak Subject to Sauda
21 sep  40 15000

Signature Global IPO Allotment Status

Signature Global IPO allotment will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

 

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