Signatureglobal IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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SignatureGlobal

CMP

1,392.00

+8.15 (0.59%)

  • DRHP
₹385

Offer Price

₹ 730.00 Cr

Issue Size

₹ 14,630

Min Investment

11.88x

Times Subscribed

38

Lot size

Time Line

  • 20
    Sep 2023
    Open
  • 22
    Sep 2023
    Close
  • 27
    Sep 2023
    Finalisation of Basis of Allotment
  • 29
    Sep 2023
    Initiation of Refunds
  • 03
    Oct 2023
    Transfer of Shares to Demat Account
  • 27
    Sep 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • 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.

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;

Risks

  • 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.

  • The company depends significantly on its residential development business, particularly in the affordable housing category, the success of which is dependent on the company ability to anticipate and respond to consumer requirements.

  • The company has incurred net loss in the past, and its may not be able to achieve or maintain profitability in the future.

Company Promoters

Promoters Holding

Issue For IPO
7.09%
Pre Holding

63.60%

Post Holding

56.51%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 82.06 (-66.00%) 901.30 (998.30%) 1,553.57 (72.40%)
Gross Profit 82.06 (-66.00%) 901.30 (998.30%) 1,553.57 (72.40%)
Net Income 82.06 (-66.00%) 901.30 (998.30%) 1,553.57 (72.40%)
Assets 82.06 (-66.00%) 901.30 (998.30%) 1,553.57 (72.40%)
Liabilities 82.06 (-66.00%) 901.30 (998.30%) 1,553.57 (72.40%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
SignatureGlobal India Ltd 1,553.57 -63.86 1,790.11 1,742.57 0.00 -5.12 3.81 1.37 0.96
DLF Ltd 5,694.83 2,035.83 53,927.99 53,927.99 5.40 8.22 152.27 3.77 0.08
Godrej Properties Ltd 2,252.26 571.39 23,105.30 23,105.30 6.16 20.55 334.05 2.47 0.69
Macrotech Developers Ltd 9,470.40 486.70 39,154.90 39,154.90 3.84 10.09 264.06 1.24 0.71
Prestige Estates Projects Ltd 8,315.00 941.80 36,582.90 36,582.90 9.44 23.49 255.89 2.57 0.81
Sobha Ltd 3,310.11 104.20 12,588.24 12,588.24 4.17 10.99 263.02 0.82 0.80

Book Running Managers

  • ICICI Securities Ltd
  • Axis Capital Ltd
  • Kotak Mahindra Capital Company Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

13th Floor Dr Gopal Das Bhawan,
28Barakhamba Road Connaught Pl,
New Delhi - 110001
Phone : 91-11-4928 1700 Email : cs@signatureglobal.in www.signatureglobal.in

Offer Related Information

Initial public offer of 18,961,038# equity shares of face value of Re. 1 each ("Equity Shares") of Signatureglobal (India) Limited ("Company" or "Issuer") for cash at a price of Rs. 385 per equity share (including a share premium of Rs. 384 per equity share) aggregating to Rs. 730.00# crores (the "Offer") comprising a fresh issue of 15,662,337# equity shares aggregating to Rs. 603.00# crores by the company ("Fresh Issue") and an offer for sale of 3,298,701# equity shares aggregating to Rs.... More

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