SignatureGlobal India Ltd IPO
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SignatureGlobal India Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 189.61 L | ₹ 32.99 L | ₹ 18.96 L | ₹ 794.17 L | BSE | ₹ 730 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 20 Sep, 23 | 22 Sep, 23 | 38 | ₹ 13,908 | Book Building | 27 Sep, 23 |
SignatureGlobal India Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Construction |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 14220779 | 0 |
| NII | 0x | 2844156 | 0 |
| Retail | 0x | 1896104 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 18961039 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
SignatureGlobal India Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 1,240.55 | 1,553.57 | 901.30 |
| EBITDA | 50.14 | -61.41 | -50.90 |
| PAT | 22.16 | -112.53 | -69.56 |
| Total Assets | 3,197.64 | 1,778.41 | 1,688.55 |
| Share Capital | 14.05 | 12.49 | 11.38 |
| Total Borrowings | 2,444.54 | 1,203.72 | 1,541.95 |
| Operating Activities (Net Cash) | 41.35 | -92.35 | -52.36 |
| Investing Activities (Net Cash) | 273.53 | 155.86 | 148.53 |
| Financing Activities (Net Cash) | 2,444.54 | 1,203.72 | 1,541.95 |
| Net Cashflow | 268.21 | 172.02 | 56.35 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About SignatureGlobal India Ltd
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.
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.
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.
Peer Comparison:
- DLF Ltd
- Godrej Properties Ltd
- Macrotech Developers Ltd
- Prestige Estates Projects Ltd
- Sobha Ltd
SignatureGlobal India Ltd IPO Key Points
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;
Risk
- 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.
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.
- 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;
How To Apply for SignatureGlobal India Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
