Signatureglobal (India), originally incorporated as 'Ridisha Marketing Private Limited' on March 28, 2000, is a Delhi NCR-based real estate developer specialising in affordable and mid-segment housing
| Bidding Dates |
|---|
| 20 Sep 2023 - 22 Sep 2023 |
| Subscription |
|---|
| 11.88x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,630 | 1 | 13 | 38 | 19.0 M | ₹366 - ₹385 | 86.51 % | ₹6939.7 M - ₹7300.0 M | RHP DOC |
Signatureglobal IPO SUBSCRIPTION STATUS
22 Sep '23Signatureglobal IPO overall subscription rate was 11.88 times the total available shares
Signatureglobal IPO retail subscription rate was 6.82 times in the retail segment
Signatureglobal IPO non-institutional investor subscription rate was 13.54 times in the non-institutional investor category
Signatureglobal IPO Qualified Institutional Bidder subscription rate was 12.71 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
22 Sep 2023 (Day 3) | 6.82x | 13.54x | 12.71x |
21 Sep 2023 (Day 2) | 2.53x | 3.06x | 0.62x |
20 Sep 2023 (Day 1) | 0.89x | 1.42x | 0x |
Signatureglobal FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | -637.2 | 15,535.7 | -2,781.8 | -2,939.7 |
| FY22 | -1,155.0 | 9,013.0 | 2,052.4 | 1,161.4 |
| FY21 | -862.8 | 820.6 | 364.4 | -163.4 |
Signatureglobal IPO SUBSCRIPTION STATUS DETAILS
Signatureglobal had 19.0 M shares on offer
Signatureglobal IPO offer price was in the range ₹366 - ₹385
Signatureglobal IPO minimum Investment was ₹14630
Signatureglobal IPO issue size was ₹ 6939.7 M - ₹ 7300.0 M
Signatureglobal had a minimum lot size of 38 Shares per application
Signatureglobal NUMBER OF SHARES ON OFFER
Signatureglobal IPO IMPORTANT DATES
| Issue Open Date | 20 Sep 2023 |
| Issue close Date | 22 Sep 2023 |
| Allotment Date | 26 Sep 2023 |
| Refund Date | 26 Sep 2023 |
| Demat Account Credit Date | 27 Sep 2023 |
| Listing Date | 27 Sep 2023 |
| Listing on Exchange(s) | NSE and BSE |
| Signatureglobal Allotment Status | Exchange |
Signatureglobal IPO subscription opened on 20 Sep 2023, and closed on 22 Sep 2023
IPO allotment for Signatureglobal was finalized on Tuesday, 26 Sep 2023
IPO listing for Signatureglobal was on NSE and BSE on Wednesday, 27 Sep 2023
Signatureglobal IPO LISTING GAINS
| Issue Price (adjusted) | 385.0 |
| Listing Open Price | 444.0 |
| Listing Close Price | 458.6 |
| Listing Gain% | 15.3% |
| Current Gain% | 110.2% |
Signatureglobal Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Signatureglobal (India) Ltd. | 809.2 | 11370.8 | 10.9 | 0 | 5 | 59.2 | 6.3 | 2778.9 | 5.3 | 1094.6 | 982.9 | 74.2 | 710.7 |
| DLF Ltd. | 665 | 164608.2 | 37 | -42.8 | 24.4 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1243.9 | 124287.8 | 30.1 | 0.8 | 6.8 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Prestige Estates Projects Ltd. | 1592.5 | 68593.8 | 60.2 | 0.5 | 5.3 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Phoenix Mills Ltd. | 1890 | 67598.4 | 52.8 | 1.8 | 14.9 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Oberoi Realty Ltd. | 1846 | 67121 | 25.5 | 0.9 | 10.6 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
Signatureglobal INFORMATION ON IPO ISSUE
About Signatureglobal
Signatureglobal (India), originally incorporated as 'Ridisha Marketing Private Limited' on March 28, 2000, is a Delhi NCR-based real estate developer specialising in affordable and mid-segment housing
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 our subsidiaries, namely Signatureglobal Homes, Signatureglobal Developers,
Signatureglobal Business Park, and Sternal Buildcon - Inorganic growth through land acquisitions and general corporate purposes.
Signatureglobal - PROMOTERS
| Name |
|---|
| 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 |
Signatureglobal Book Running Lead Managers
ICICI Securities Limited
sgil.ipo@icicisecurities.com
Signatureglobal Book Running Lead Manager
Axis Capital Limited
signature.ipo@axiscap.in
Kotak Mahindra Capital Company Limited
signatureglobal.ipo@kotak.com
Signatureglobal Registrar to the Offer
Link Intime India Private Limited
signatureglobal.ipo@linkintime.co.in
Signatureglobal Strengths
Market leader
It is the largest real estate development company in Delhi NCR, focusing on affordable and mid-segment housing. Between 2019 and 2021, the company dominated the market with a 19% share in supplying units priced below Rs 80 lakh
Well-established brand
It benefits from its well-established brand, robust distribution network, and digital marketing capabilities, all of which contribute to accelerated sales rates
Fast growing
The company has showcased impressive scalability, expanding its project portfolio from 9.06 million square feet of saleable area as of March 31, 2018, to 38.67 million square feet as of March 31, 2022
Signatureglobal Risks
Geographically concentrated
The business and profitability are heavily reliant on the real estate market performance in the Delhi-NCR region, especially in the Gurugram and Sohna micro-markets in Haryana
Withdrawal of certain benefits
The removal of specific benefits under the Haryana Affordable Housing Policy, 2013, and the Deen Dayal Jan Awas Yojna could negatively impact Signatureglobal (India)'s business prospects and operational results
Incurred net loss
The company has incurred net loss in the past, and it may not be able to achieve or maintain profitability in the future
Increase in land prices
There may be an increase in the price of land and/or shortages of land available for development
IPO FAQs
This IPO consists of an offer for sale of up to Rs 127.0 crore, of 3,298,701 shares. It also consists of a fresh issue of Rs 603.0 crore.
The promoters of the company are Pradeep Kumar Aggarwal, Lalit Kumar Aggarwal, Ravi Aggarwal, Devender Aggarwal, Pradeep Kumar Aggarwal HUF, Lalit Kumar Aggarwal HUF, Ravi Aggarwal HUF, Devender Aggarwal HUF and Sarvpriya Securities Private Limited.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 366.0 - 385.0.
The IPO application opens on Sep 20, 2023 and closes on Sep 22, 2023.
The minimum lot size for the IPO is 38. The maximum lot size for the IPO is 494.
For all category investors, the minimum application amount for this IPO is Rs. 14,630.0, the maximum value for this IPO is Rs 190,190.0.
This IPO will be allotted on Sep 26, 2023.
The refund will be credited to your account on Sep 26, 2023.
The allotted shares will be credited to your demat on Sep 27, 2023.
Signatureglobal (India) Ltd.’s shares listed on the stock exchanges on Sep 27, 2023.