About the company
Commencing operations in 2014 through their subsidiary, Signatureglobal (India) Limited is the largest real estate development company in the Delhi NCR in the affordable and lower mid-segment housing in terms of units supplied (in the below ₹ 8 million price category) between 2020 and the three months ended March 31, 2023, with a market share of 19%.
They have strategically focused on the Affordable Housing (AH) segment (below ₹ 4 million price category) and the Middle Income Housing (“MH”) segment (between ₹ 4 million to ₹ 2.5 million private categories) through GoI and state government policies.
Most of their completed projects, ongoing projects, and forthcoming Projects are located in Gurugram and Sohna in Haryana, with 88.49% of the saleable area located in this region as of March 31, 2023, and almost all of their projects have been, or are being, undertaken under the Affordable Plotted Housing Policy or the Deen Dayal Jan Awas Yojana (DDJAY - APHP). In terms of sales in Gurugram, it had a market share of 31% in the affordable and lower mid-segment, and a market share of 24% in all budget categories, in the period from 2020 to the three months ended March 31, 2023.
As of March 31, 2023, the company sold 25,089 residential units, with an average selling price of ₹ 3.60 million per unit.
Objects of the issue and proceeds utilization:
The Rs. 730 crore public offer of Signatureglobal (India) Limited IPO comprises a fresh equity issue worth 603 crores and OFS worth 127 crores.
| Purpose | Proceeds (₹ crores) |
|---|---|
| Re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company | 264 |
| Infusion of funds in certain Subsidiaries, namely Signatureglobal Homes, Signatureglobal Developers, Signatureglobal Business Park and Sternal Buildcon for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Subsidiaries | 168 |
| Inorganic growth through land acquisitions and general corporate purposes | Balance |
Financial information and other valuation metrics (₹ crores)
| Financial Year | Total Assets | Total Revenue | Profit After Tax | EPS | Adjusted EBITDA |
|---|---|---|---|---|---|
| March 31, 2021 | 3762.37 | 154.72 | (86.28) | (7.56) | (58.28) |
| March 31, 2022 | 4430.85 | 939.60 | (115.5) | (10.23) | 27.38 |
| March 31, 2023 | 5999.13 | 1585.88 | (63.72) | (5.44) | 215.56 |
Adjusted EBITDA refers to earnings before interest, taxes, depreciation, amortization (“EBITDA”), plus finance cost written off through cost of sales, Adjustment of gain/loss on fair valuation of derivative instruments and impairment of goodwill.
IPO Schedule
| Issue Period | 20th September to 22nd September 2023 |
|---|---|
| Price band | ₹ 366 - 385 |
| Minimum Bid quantity | 38 & Multiples thereof |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | 27th September 2023 |
| Initiation of Refunds | 29th September 2023 |
| Credit of Shares | 3rd October 2023 |
| Date of Listing | 4th October 2023 |
| Mandate end date | 7th October 2023 |
| Anchor Investors Lock-In End Date | 22nd October 2023 |
How to apply to the Signatureglobal (India) Limited IPO?
You can apply for the Signatureglobal (India) Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Signatureglobal (India) Limited IPO?
You can check the allotment status for the Signatureglobal (India) Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.