The allotment date for Signatureglobal IPO is expected to be finalized on September 27, with shares set to be credited to the demat accounts of successful bidders on October 3.
Realty developer Signatureglobal initiated its initial public offering (IPO) on September 20, aiming to raise up to Rs 730 crore. The IPO consists of a fresh issuance of shares valued at up to Rs 603 crore and an offer for sale (OFS) worth up to Rs 127 crore by promoters and existing shareholders.
As of the second day of the bidding process, the Signature Global IPO has been oversubscribed by 135 percent. Investors have submitted bids for 1,52,14,250 shares against the 1,12,43,196 shares available, as per provisional exchange data.
