Signatureglobal (India) IPO
Signatureglobal (India) IPO — date, price band, lot size & details 2023
Signatureglobal (India) listed on 27 Sep 2023 at ₹444, 15.3% above the ₹385 issue price.
Signatureglobal (India) is the largest real estate developer in Delhi NCR in affordable and lower mid segment housing by units supplied, mainly in Gurugram and Sohna. Its total income was Rs 1,585.88 crore in FY2023.
Stock price
Signatureglobal (India) is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 20 Sep 2023
- Close 22 Sep 2023
- Allotment 27 Sep 2023
- Refund/credit 29 Sep 2023
- Listing 27 Sep 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 22 Sep, 2023 |
|---|---|
| Price Band | ₹366 – ₹385 |
| Face Value | ₹1 |
| Lot Size | 38 Shares |
| Issue Size | ₹730 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,630 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 38 shares at the ₹385 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 154.72 crore in FY2021 to Rs 1,585.88 crore in FY2023.
- 02It is the largest affordable and lower mid segment developer in Delhi NCR, with a 19% market share as per Anarock.
- 03Rs 603.00 crore of the issue was fresh capital, mostly for repaying debt.
- 04The loss narrowed from Rs 115.50 crore in FY2022 to Rs 63.72 crore in FY2023.
- 05The promoters did not sell any shares, and only IFC sold Rs 127.00 crore in the offer.
Risks · 6
- 01The company made losses in every year shown, including Rs 63.72 crore in FY2023.
- 02Net worth was only Rs 47.54 crore on 31 March 2023, after being negative a year earlier.
- 03Total borrowing was Rs 1,709.75 crore on 31 March 2023.
- 04Affordable housing depends on state policy and price caps, and all projects are in 1 region, Delhi NCR.
- 05With losses, the pre-issue P/E was negative, and the market value at Rs 385 was Rs 5,409.66 crore.
- 06Promoters and the promoter group held 78.35% before the issue and 69.63% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Signatureglobal (India) offer document.
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 5,999.13 | 4,430.85 | 3,762.37 |
| Total Income | 1,585.88 | 939.60 | 154.72 |
| Profit After Tax | -63.72 | -115.50 | -86.28 |
| NET Worth | 47.54 | -352.22 | -206.87 |
| Total Borrowing | 1,709.75 | 1,157.53 | 1,176.38 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Signatureglobal (India) RHP.
Where the money goes
₹560.53 Cr of the issue is earmarked to named objects.
About the company
As of 31 March 2023 it was also the largest developer under the Affordable Housing Policy in the Gurugram and Sohna region, with an 18% share of units supplied.
It focuses on affordable and mid segment housing, mainly in the Gurugram and Sohna micro-markets, and uses government schemes such as the Affordable Housing Policy and the Deen Dayal Jan Awas Yojana.
The IPO was Rs 730 crore, with Rs 603.00 crore of fresh issue and Rs 127.00 crore of offer for sale by International Finance Corporation. Rs 264.00 crore was planned for repaying the company's borrowings and Rs 168.00 crore for repaying subsidiary borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Signatureglobal (India) IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
93 issues handledBest listing: Premier Energies (+120.0%). Weakest: Rategain Travel Technologies (-15.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Signatureglobal (India)?
The current Grey Market Premium is ₹35, or 9% over the issue price.
What is the Signatureglobal (India) IPO price band?
₹366 to ₹385, on a face value of ₹1.
When is the allotment?
The basis of allotment is 27 September 2023, with listing on 27 September 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
