SignatureGlobal India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹385
Per ShareLot Size
38 Shares
Minimum Investment
₹14,630
Issue Size
₹730 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
SignatureGlobal India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
63.6%
Promoter Holding (Post-Issue)
56.51%
Issue Type
Book Building
ISIN
INE903U01023
About the Company
The Company is the largest real estate development company in the National Capital Region of Delhi ("Delhi NCR") in the affordable and lower mid segment housing in terms of units supplied (in the below Rs. 8 million price category) between 2020 and the three months ended March 31, 2023, with a market share of 19%. As of March 31, 2023, it was the largest real estate developer under the AHP in the Gurugram and Sohna region, with a market share of 18% in terms of total supply of units in the period from 2020 to the three months ended March 31, 2023.
Industry Overview
Affordable housing today is an integral part of the national agenda with significant significance in urban areas. Entire NCR saw housing sales increase by 73% from 23,209 units in 2020 to 40,053 units in 2021. Despite restricted supply in 2022, the absorption trend continued with sale of 63,712 units rising by 59%. Of the 31,706 units launched in NCR in 2022, Gurugram comprised 75% share and added as many as 19,099 units in 2022. The supply is expected to increase with 9,941 new launches in the first quarter of 2023, contributing to 80% of NCR supply.
Company History
The Company was originally incorporated as a private limited company under the Companies Act, 1956, in the name of 'Ridisha Marketing Private Limited' and was granted a certificate of incorporation dated March 28, 2000, by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi ("RoC"). The name of the Company was changed to 'Signatureglobal (India) Private Limited' pursuant to a special resolution passed by our Shareholders on January 6, 2014, and a fresh certificate of incorporation pursuant to change of name dated January 20, 2014, was issued by the RoC. The Company was converted from a private limited company to a public limited company pursuant to a special resolution passed by its Shareholders on February 14, 2022, and the name of the Company was changed to 'Signatureglobal (India) Limited'. A fresh certificate of incorporation dated March 10, 2022, consequent upon change of name and upon conversion to a public limited company was granted by the RoC.
Growth Strategy
- Continue to focus on the affordable and lower mid segment housing.
- Further consolidate our leadership position in Gurugram, Haryana and expand selectively in micro-markets within Delhi NCR.
- Focus on growth with cost and price optimization.
- Selectively acquire land to ensure efficient utilization of capital and enter into collaboration agreements to further grow our operations.
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 18,961,038# equity shares of face value of Re. 1 each ("Equity Shares") of Signatureglobal (India) Limited ("Company" or "Issuer") for cash at a price of Rs. 385 per equity share (including a share premium of Rs. 384 per equity share) aggregating to Rs. 730.00# crores (the "Offer") comprising a fresh issue of 15,662,337# equity shares aggregating to Rs. 603.00# crores by the company ("Fresh Issue") and an offer for sale of 3,298,701# equity shares aggregating to Rs. 127.00# crores by the International Finanace Corporation, as the selling shareholder (the "Offered Shares"). The offer shall constitute 13.49% of the post-offer paid-up equity share capital of the company. The offer price is Rs. 385 per equity share and is 385 times the face value of the equity shares. #Subject to finalisation of basis of allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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;
- The company's business and profitability is significantly dependent on the performance of the real estate market in the Delhi- NCR region, generally, and particularly in Gurugram and Sohna micro-markets in Haryana. Fluctuations in market conditions may affect its ability to sell the company projects at expected prices, which may adversely affect its revenues and earnings.
- The COVID-19 pandemic adversely affects the company business, financial condition, results of operations, cash flows, liquidity and performance, and it may reduce the demand for its projects in future.
- The withdrawal of certain benefits under the Haryana Affordable Housing Policy, 2013 and the Deen Dayal Jan Awas Yojna, may adversely affect its business, prospects and results of operations.
- The company depends significantly on its residential development business, particularly in the affordable housing category, the success of which is dependent on the company ability to anticipate and respond to consumer requirements.
- The company has incurred net loss in the past, and its may not be able to achieve or maintain profitability in the future.