Signature Global Limited is the largest real estate development company in the National Capital Region of Delhi (“Delhi NCR”) focussed on affordable and mid segment housing in terms of units supplied (in the below ₹ 8 million price category) between 2019 and 2021 with a market share of 19%.
The company commenced operations in 2014 through their Subsidiary, Signature Builders Private Limited, with the launch of the Solera project on 6.13 acres of land in Gurugram, Haryana. Signature Global has grown their operations over the years and in less than a decade, and as of March 31, 2022, the company had sold 23,453 residential and commercial units, all within the Delhi NCR region.
As of March 31, 2022, the company is the largest real estate developer under the Affordable Housing Policy (AHP) in the Gurugram and Sohna region with a market share of 23%. The company is also the largest real estate developer under the Deen Dayal Jan Awas Yojana or the Affordable Plotted Housing Policy (DDJAY – APHP) in the Gurugram and Sohna region, with a market share of 49%.
Some of the key Completed Projects include Solera, Serenas and Synera, each located in Gurugram, Haryana. Certain of the notable Ongoing Projects include City 37D, Sunrise and Prime, located in Gurugram, Karnal and Gurugram, respectively.
Signature Global has an extensive distribution network focussed on the customer segments, with 484 channel partners and an inhouse team of 43 employees engaged in direct sales and 96 employees for indirect sales, as of March 31, 2022.
Signature Global IPO – Details
| IPO Opening Date | 20 September 2023 |
| IPO Closing Date | 22 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,89,61,039 Shares Worth ₹730 Crore Fresh Issue: 1,56,62,338 Shares Worth ₹603 Crore Offer For Sale: 32,98,701 Shares Worth ₹127 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹366 – ₹385 |
| Market Lot | 38 Shares |
| Min Order | 38 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Signature Global IPO – Date Schedule
| IPO Open Date | 20 September 2023 |
| IPO Close Date | 22 September 2023 |
| Basis of Allotment Date | 27 September 2023 |
| Initiation of Refunds | 29 September 2023 |
| Credit of Shares to Demat Account | 03 October 2023 |
| IPO Listing Date | 04 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 22 September 2023 |
Signature Global IPO – Lots Size & Price
| 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 | 2584 | 9,94,840 |
| B-HNI (Min) | 69 | 2622 | 10,09,470 |
Competitive Strengths
- 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;
- Positive operating cash flows with low levels of debt;
- Strong focus on sustainable development; and
- Experienced Promoters and professional senior management team with marquee investors.
Company 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
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 263.03 | 337.53 | -56.57 | 969.36 |
| 31 March 2021 | 154.71 | 246.65 | -86.27 | 1,176.38 |
| 31 March 2022 | 939.60 | 1076.01 | -115.50 | 1,157.53 |
| 31 March 2023 | 1585.87 | 1642.62 | -63.71 | 1,709.75 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 5409.66 |
| EPS (Rs) | -5.44 |
Object Of The Issue
- Re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company;
- Infusion of funds in certain of our Subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Subsidiaries;
- Inorganic growth through land acquisitions and general corporate purposes.
Signature Global IPO 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 |
Signature Global IPO Strengths
- 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.
- Positive operating cash flows with low levels of debt.
Signature Global IPO Risks
- The business and profitability is significantly dependent on the performance of the real estate market in the DelhiNCR region, generally, and particularly in Gurugram and Sohna micro-markets in Haryana.
- Withdrawal of certain benefits under the Haryana Affordable Housing Policy, 2013 and the Deen Dayal Jan Awas Yojna.
- There may be an increase in the price of land and/ or shortages of land available for development.
- Rescheduling of the ongoing projects and forthcoming projects due to delay in e preliminary stages of planning and require approvals and renewals of certain approvals.
- Unaware of legal uncertainities and defects related to the purchased lands even after due diligence.
- Unsuccessfully identifying and acquiring suitable land or entering into collaboration agreements.
Signature Global IPO Promoter Holding
| Pre Issue Share Holding | 78.36% |
| Post Issue Share Holding | 69.63% |
Signature Global IPO Prospectus
Company Contact Information
| Signatureglobal (India) Limited 13th Floor, Dr. Gopal Das Bhawan, 28 Barakhamba Road, Connaught Place, New Delhi 110 001 Phone: +91 11 4928 1700 Email: cs@signatureglobal.in Website: http://www.signatureglobal.in/ |
Signature Global IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: Signatureglobal.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
Signature Global IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. Axis Capital Limited 3. Kotak Mahindra Capital Company Limited |
Signature Global IPO FAQs
| What is Signature Global IPO? Signature Global IPO is a main-board IPO. The issue is priced at ₹366 to ₹385 per equity share. The IPO is to be listed on BSE & NSE. |
| When Signature Global IPO will open? The IPO is to open on 20 September 2023 for QIB, NII, and Retail Investors. |
| What is Signature Global IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Signature Global IPO? You can apply Signature Global IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Signature Global IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Signature Global”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Signature Global IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Signature Global”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Signature Global IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Signature Global”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Signature Global IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Signature Global”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Signature Global IPO Size? Signature Global IPO size is ₹1000 Cr. |
| What is Signature Global IPO Price Band? Signature Global IPO Price Band is ₹366 to ₹385. |
| What is the Signature Global IPO Allotment Date? Signature Global IPO allotment date is 27 September 2023. |
| What is the Signature Global IPO Listing Date? Signature Global IPO listing date is 04 October 2023. The IPO is to list on BSE and NSE. |
