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Signatureglobal (India) Limited is coming out with a fresh public issue to raise Rs. 730 crores from the market.

Below are the details of the Signatureglobal (India) Limited IPO:

• Issue opens – September 20 (Wednesday)
• Issue closes – September 22 (Friday)
• Issue size – Rs. 730 crores
• Price band – Rs. 366 to Rs. 385 per equity share
• Bid lot – 38 shares and in multiples thereof.

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And here are some details of the company and further details on the Signatureglobal (India) Limited IPO.

Company details:

• Signatureglobal (India) Limited commenced operations in 2014. They are 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 ? 8 million price category) between 2020 and the three months ended March 31, 2023, with a market share of 19%. (Source: Anarock Report). They have grown their operations over the years and in less than a decade, and as of March 31, 2023, they had sold 27,965 residential and commercial units, all within the Delhi NCR region, with an aggregate Saleable Area of 18.90 million square feet. Their Sales (net of cancellation) have grown at a compounded annual growth rate (“CAGR”) of 42.46%, from ? 16,902.74 million in Fiscal 2021 to ? 34,305.84 million in Fiscal 2023. As of March 31, 2023, they have sold 25,089 residential units with an average selling price of ? 3.60 million per unit.
• They have strategically focused on the Affordable Housing (“AH”) segment (below ? 4 million price category) and the Middle Income Housing (“MH”) segment (between ? 4 million to ? 2.5 million private category) through GoI and state government policies. Most of their Completed Projects, Ongoing Projects and Forthcoming Projects are located in Gurugram and Sohna in Haryana, with 88.49% of their Saleable Area located in this region as of March 31, 2023, and almost all of their projects have been, or are being, undertaken under the AHP or the DDJAY - APHP. In terms of sales in Gurugram, they had a market share of 31% in the affordable and lower mid segment, and a market share of 24% in all budget categories, in the period from 2020 to the three months ended March 31, 2023. (Source: Anarock Report).
• They have an extensive distribution network focussed on the customer segments they target, with 593 channel partners and an in-house team of 41 employees engaged in direct sales and 100 employees for indirect sales, as of March 31, 2023, that has helped them to achieve the current scale of their offerings. They have also been effectively leveraging technology for the sale of their inventory.

Issue Size:

Rs. 730 crores

Issue break-up:

• QIB – 75% of the net offer – Rs. 547.50 crores
• NIB – 15% of the offer – Rs. 109.50 crores
• RET – 10% of the offer – Rs. 73 crores

Listing:

BSE and NSE

Registrar:

Link Intime India Private Limited

UPI:

All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

• Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
• The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Friday, September 22, 2023     

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