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Signatureglobal (India) Limited

Signatureglobal (India) Limited

listed
₹13,908Min. investment
  1. Bid start
    20 Sep
  2. Bid end
    22 Sep
  3. Allotment
    22 Sep
  4. Release of funds
    26 Sep
  5. Demat transfer
    26 Sep
  6. Listing
    27 Sep

Signatureglobal (India) Limited IPO Details

Price range₹366 – ₹385
IPO type
Regular
Lot size38 shares
Issue size₹730Cr
RHP/DRHP
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Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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:
Company NameSignatureglobal (India) Limited Company TypePrivate
Company Established On2000

Financial snapshot

ParticularsFY21FY22FY23
Revenue₹ 82crore₹ 901 crore₹ 1,553 crore
Net Profit/Loss₹ -86.2 crore₹ -115 crore₹ -63.7 crore
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Here’s a quick look at Signatureglobal IPO’s strengths, risks and threats

Strengths and opportunities

  1. Largest affordable and lower-mid and mid-segment real estate developer in Delhi NCR with a market share of 42% of the total supply of units under various government housing  schemes between 2020 to the three months ended 31 March 2023.
  2. Well-established brand, strong distribution network, and digital marketing capabilities translating into faster sales so that 45% of its total sales came from direct sales as of 31 March 2023.
  3. Standardized product offerings, quick turnaround, and end-to-end in-house project execution expertise, which allowed it to launch seven affordable housing projects of 5,338 residential units between FY21 and FY23.
  4. The company deploy aluminum formwork technology to deliver projects on time and reduce construction costs.
  5. Company’s potential customer base is salaried-class individuals in the Delhi NCR market.
  6. Strong focus on sustainable development as all projects launched after FY21 are EDGE or IGBC certified.

Risks and threats

  1. Has experienced net loss of ₹86 crore, ₹115 crore and ₹63 crore in FY21, FY22 and FY23 respectively, along with a depreciation in its net worth. 
  2. Significantly dependent on the real estate market’s performance in the Delhi NCR region.
  3. Unsold units among ongoing and completed projects make up 17% of residential units and 38% of commercial units in the 29 ongoing projects as of 31 March 2023.
  4. Many of its subsidiaries have incurred losses in the last three years. Meanwhile, companies' revenue fluctuates significantly from period to period. 
  5. Operates in a competitive industry and faces key competition from real estate developers such as DLF and EMAAR in its micromarkets. 
  6. Operates a capital-intensive business which accounted for total borrowings of ₹1,751 crore as of 31 March 2023.

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:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Signatureglobal IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

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:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your Signatureglobal IPO allotment status will be mentioned

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:
  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number.
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.

Frequently asked questions

How to invest in the Signatureglobal (India) Limited ?

Investors can apply for the Signatureglobal (India) Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of Signatureglobal (India) Limited ?

The issue size of the Signatureglobal (India) Limited is 730 Cr.

What is 'pre-apply' for Signatureglobal (India) Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Signatureglobal (India) Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.