Signatureglobal India IPO: Affordable Housing Giant Goes Public
Basic information about the company:
Founded in 2000, Signatureglobal (India) Limited is a real estate development company primarily operating in the National Capital Region of Delhi (Delhi NCR). The company's core mission is to offer affordable and mid-segment housing to customers, making their dream of owning a home a reality. Signatureglobal strategically aligns itself with government policies promoting affordable housing, such as the Affordable Housing Policy, 2013, the Affordable Plotted Housing Policy, and the Deen Dayal Jan Awas Yojana (DDJAY - APHP).
The company distinguishes itself by combining attractive designs with essential amenities, creating a better living environment for its customers. With a track record of delivering quality projects, Signatureglobal has earned a reputation for its commitment to providing affordable housing solutions.
Objects of the Issue
The IPO by Signatureglobal (India) Limited aims to utilize the net proceeds for the following objectives:
Re-payment or pre-payment of borrowings: The company plans to repay or pre-pay certain borrowings availed by itself.
Infusion of funds in subsidiaries: Signatureglobal intends to inject funds into its subsidiaries, including Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon, for the purpose of repaying or pre-paying their borrowings.
Inorganic growth: The company aims to fuel its growth through land acquisitions and to serve general corporate purposes.
Promoter Holding
The promoters of Signatureglobal (India) Limited include 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 pre-issue shareholding stands at 78.36%, which is expected to reduce to 69.63% post-issue.
IPO Details
Here are the key details of the Signatureglobal India IPO:
IPO Dates: 20th to 22nd Sept 2023
Price Band: ₹366 - ₹385 per share
Lot size: 38 Shares
Retail Quota: 10%
Allotment Date: 27th/28th Sept 2023
Listing Date: 4th Oct 2023
Grey Market Premium (GMP): +8% (for informational purposes only)
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Frequently Asked Questions (FAQs) 1. Who are the promoters of Signatureglobal (India) Limited? A: The promoters include Pradeep Kumar Aggarwal, Lalit Kumar Aggarwal, Ravi Aggarwal, Devender Aggarwal, and several HUFs (Hindu Undivided Families). 2. When is the IPO scheduled to take place? A: The Signatureglobal India IPO will be open for subscription from 20th to 22nd Sept 2023, with a listing date of 4th Oct 2023. 3. What is the Grey Market Premium (GMP) for this IPO? A: As of now, the Grey Market Premium stands at +8%, but this figure may change over time. DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader taking decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.