Signature Global Limited is the biggest real estate development business in Delhi’s National Capital Region (“Delhi NCR”), focusing on the supply of apartments in the under $8 million price range between 2019 and 2021, With a market share of 19%. (Referring to Anarock Report). Signature Global IPO will hit the stock market in November 2022.
Table of Contents
About Signature Global
Through their subsidiary, Signature Builders Private Limited, they began operations in 2014 with the introduction of their Solera project on 6.13 acres of land in Gurugram, Haryana.
They have expanded their business over the years, and as of March 31, 2022, they had sold 23,453 residential & commercial units with a combined Saleable Area of 14.59 million square feet, all in the Delhi NCR region.
From 4,400.10 million in Fiscal 2020 to 25,900.38 million in Fiscal 2022, their sales increased at a compound annual growth rate of 142.62%.
They had sold 21,478 residential units as of March 31, 2022, with an average selling price of 2.81 million per unit. The “value homes” offered by them have appealing designs and modern conveniences.
Business Model
The Affordable Housing Policy, 2013, announced by the Town & Country Planning Department, Government of Haryana, & the Affordable Plotted Housing Policy, also known as the Deen Dayal Jan Awas Yojana, have received our strategic attention. Each policy has as its main objective housing that is both affordable and mid-range.
The DDJAY-APHP is intended to promote the growth of high density plotted colonies in the state of Haryana, whereas the AHP aims to promote the strategy and completion of group housing projects under which residences of a pre-defined size are to be made available at a pre-defined rate & finished within a targeted time-frame to ensure increased supply of affordable housing.
The majority of our completed, ongoing, & upcoming projects are concentrated in Haryana.
Development & Offers
They aggressively work to raise the value of their projects by improving the surrounding area by building extensive community facilities and hiring renowned architects. Their AHP developments typically cost less than 3,000,000 per unit and feature amenities like leisure facilities, gardens, open spaces, and community halls.
Their DDJAY – APHP projects offer amenities like gyms, recreation areas, entertainment hubs, swimming pools, and sporting facilities, with typical per-unit costs ranging from 4 to 8 million rupees.
In order to provide additional convenience to residents, all of their AHP and DDJAY-APHP projects include a retail component. However, because there are no price caps on these components, the value of their projects is increased.
Signature Global IPO
Signature Global Limited, headquartered in New Delhi has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 1,000 Crore on 16 July 2022.
The offer includes a fresh issue of INR 750 Crore and there is offer for sale (OFS) of INR 250 Crore by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 4,430.85 | 3,762.37 | 2930.52 | ||
| Total Revenue | 939.60 | 154.72 | 263.03 | ||
| Loss After Tax | (115.50) | (86.28) | (56.57) | ||
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | (5.07) | (5.07) | 3 |
| Financial Year 2021 | (7.56) | (7.56) | 2 |
| Financial Year 2022 | (10.23) | (10.23) | 1 |
| Weighted Average | (8.48) | (8.48) | |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
They feel that the following qualitative factors & business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the offer price:
- Largest developer of mid-range and reasonably priced properties in Delhi NCR.
- Faster sales are a result of a well-known brand, a robust distribution network, and digital marketing expertise.
- Rapid scaling capability and fast growth.
- The capacity to offer an aspirational lifestyle and amenities at a reasonable cost and in prime locations.
- Quick turnaround times, standardized product offerings, and in-house project execution skills from beginning to end.
- Operating cash flows that are positive and low debt levels.
- A commitment to sustainable development.
- Promoters with extensive experience and a top-notch senior management group.
Signature Global Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | DLF Limited | 62.78 |
| 2 | 5 | Godrej Properties Limited | 131.87 |
| 3 | 10 | Macrotech Developers Limited | 42.82 |
| 4 | 10 | Prestige Estates Projects Limited | 17.21 |
| 5 | 10 | Sobha Limited | 57.59 |
- All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
- The P/E ratio is calculated by dividing the closing market price of equity shares on the NSE on June 8, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.
Signature Global IPO Details
| IPO Opening Date | November 2022 |
| IPO Closing Date | November 2022 |
| Issue Type | Book Building |
| Face Value | 1 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | 1000 Crore |
| Fresh Issue | 750 Crore |
| Offer for Sale | 250 Crore |
Signature Global IPO Date
Signature Global Limited IPO opening date is November 2022, and the closing date is November 2022. The Signature Global issue may list in November 2022.
| IPO Opening Date | November 2022 |
| IPO Closing Date | November 2022 |
| Basis of Allotment Date | November 2022 |
| Initiation of Refunds | November 2022 |
| Credit of Shares to Demat Account | November 2022 |
| IPO Listing Date | November 2022 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 10 | Minimum 1 lot based on availability |
Signature Global India Limited IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Signature Global IPO.
Signature Global IPO GMP
Signature Global Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
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Check Out the GMP of all Other IPOs
Signature Global Limited IPO Review
Signature Global Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Signature Global IPO is good or bad.
Signature Global Limited IPO Risk
- Signature Global India operations, prospects, cash flow and financial success are highly reliant on the health of the Haryana micromarkets of Gurugram and Sohna, as well as the larger Delhi-NCR region, in general.
- The COVID-19 pandemic has a negative impact on their operations, cash flows, liquidity, performance, and business, and it may cause future project demand to decline.
- The removal of some benefits from the Deen Dayal Jan Awas Yojna and the 2013 Haryana Affordable Housing Policy may have a negative impact on their business, prospects, cash flow, liquidity and operational results.
- Their capacity to foresee and respond to consumer needs is essential to the success of their residential development industry, which is especially important in the cheap housing sector.
Other Threats
- They have previously suffered net losses, and it’s possible that they won’t be able to reach or maintain profitability going forward.
- There can be a rise in land prices or a dearth of land suitable for development.
- They might not be successful in locating and acquiring adequate land or forming partnerships, which could have an impact on their business and growth prospects.
- Cost overruns could occur as a result of significant price increases (including those brought on by higher taxes and levies), shortages, delays, or disruptions in the supply of building materials, contract labor, and equipment.
- The market is controlled by branded developers in their competitive business, and growing market consolidation could have a negative impact on their performance.
Signature Global Limited IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Signature Global IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Signature Global Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| November 2022 | 1 | |||||
| November 2022 | 2 | |||||
| November 2022 | 3 |
Signature Global Limited Management
Pradeep Kumar Aggarwal, their chairman and full-time director, is in charge and has over eight years of experience in the real estate industry.
Lalit Kumar Aggarwal, their vice chairman and full-time director, is in charge of the company’s building, marketing, and human resources departments and has more than seven years of expertise in the real estate industry.
Their Managing Director, Ravi Aggarwal, has over nine years of expertise & in charge of the company’s overall commercial development.
With more than eleven years of expertise, Devender Aggarwal, their joint managing director & whole-time director, is essential to the creation and execution of the company’s long-term strategies.
Their senior management team is made up of seasoned experts with pertinent functional knowledge in many industries.
Signature Global Limited‘ Promoters
- Pradeep Kumar Aggarwal
- Lalit Kumar Aggarwal
- Ravi Aggarwal
- Devender Aggarwal
- Pradeep Kumar Aggarwal HUF
- Lalit Kumar Aggarwal HUF
- Ravi Aggarwal HUF
- Devender Aggarwal HUF
- Sarvpriya Securities Private Limited
Principal Shareholder’s Holding
| Pre Issue Share Holding | 69.81% |
| Post Issue Share Holding |
Signature Global Limited Prospectus
Contact Details
Signature Global Limited
13th Floor, Dr. Gopal Das Bhawan, 28
Barakhamba Road, Connaught Place,
New Delhi 110 001, India
Tel: +91 22 2592 0055
E-mail: [email protected]
Website: www.signatureglobal.in
Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +91 (22) 4918 6200
E-mail : [email protected]
Website: www.linkintime.co.in
Lead Manager(s)
- ICICI Securities Limited
- Axis Capital Limited
- Kotak Mahindra Capital Company Limited
We hope we are able to answer all your questions about Signature Global IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Signature Global Limited IPO Opening Date?
Signature Global Limited IPO will open in November 2022.
Signature Global Limited IPO Listing Date?
Signature Global Limited IPO will list in November 2022.
Signature Global IPO GMP Today?
Signature Global IPO Grey Market Premium is INR 0 .
Signature Global Limited IPO Allotment Date?
Signature Global Limited IPO basis of allotment will be in November 2022.
Lot size for Signature Global Limited IPO?
Lot size for Signature Global Limited IPO is 0.
