About Signatureglobal (India) Limited
Incorporated in 2000, Signatureglobal (India) Limited is the largest real estate developer. The company operates in the National Capital Region of Delhi (Delhi NCR), focussed on offering affordable and lower mid-segment housing and held a market share of 19% between 2020 and the three months ended 31 March 2023.
The company has sold 27,965 residential and commercial units with an aggregate saleable area of 18.90 million square feet as of 31 March 2023. It focuses on the Affordable Housing (AH) segment and the Middle Income Housing (MH) segment through central and state government policies.
Most of the company’s projects are undertaken through the Affordable Housing Policy, 2013 notified by the Town and Country Planning Department, Government of Haryana (AHP) and the Affordable Plotted Housing Policy or the Deen Dayal Jan Awas Yojana.
As of 31 March 2023, it has an extensive distribution network of 593 channel partners and an inhouse team of 41 employees engaged in direct sales and 100 employees for indirect sales. All of its projects launched after FY21 are EDGE (Excellence in Design for Greater Efficiencies) or IGBC (Indian Green Building Council) certified.
In the last three years, the company saw a CAGR rise of 166% in its revenue from operations and 26% in its sales. Moreover, the government’s efforts to make affordable housing accessible to people and the company’s operations in tie-up with the local governments might lead to profitable growth opportunities.
And now, Signatureglobal (India) Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised for the repayment of borrowings availed by the company and its subsidiaries. Further, IPO funds will be utilized for land acquisition and for general corporate purposes. Its shares will be listed on the NSE and the BSE.
Here are key details about the Signatureglobal IPO:
Here’s a quick look at Signatureglobal IPO’s strengths, risks and threats
Strengths and opportunities
Risks and threats
Signatureglobal IPO details
| Signatureglobal IPO date
According to the offer document filed by the company with the SEBI, the Signatureglobal IPO’s opening date – in other words, the Signatureglobal IPO launch date – will be 20th September 2023. The Signatureglobal IPO closing date is 22nd September 2023. After this, investors will be updated about the allotment status on 27th September 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 29th September 2023. The Signatureglobal IPO listing date is 3rd October 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Signatureglobal IPO Price Band
The IPO is an offer for sale as well as a fresh issue. The Signatureglobal IPO price band has been set between ₹366 and ₹385 per share. Interested investors can choose a price within this band to apply for the IPO.
The Signatureglobal IPO listing price will be determined on 3rd October 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| Signatureglobal IPO Lot size
The Signatureglobal IPO details have been declared. The Signatureglobal IPO lot size is set at 38 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Signatureglobal IPO issue size is approx ₹730 crore.
How to apply for the Signatureglobal IPO?
If you are interested in this investment opportunity but unsure how to apply for the Signatureglobal IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Signatureglobal IPO on Upstox:
How to check the Signatureglobal IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Signatureglobal IPO allotment status:
Open a demat account with Upstox to apply for the Signatureglobal IPO
To apply for the Signatureglobal IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Signatureglobal IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Signatureglobal IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Signatureglobal IPO means applying for this public issue before it goes live. Click here to pre-apply for the Signatureglobal IPO on Upstox.
You can pre-apply for the Signatureglobal IPO from 20 September 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Signatureglobal IPO opens for the subscription.
The Signatureglobal IPO launch date is 20th September 2023. The Signatureglobal IPO will be open for subscription till 22nd September 2023.
The Signatureglobal lot size is 38 shares and the minimum investment required is ₹14,630.
The Signatureglobal IPO price band is ₹366 – ₹385 per share.
The size of the Signatureglobal IPO is approx. ₹730 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 29th September 2023.
Signatureglobal shares will be on NSE and BSE.
Signatureglobal shares’ listing date is 3rd October 2023.