Signatureglobal India IPO: The book-built IPO for SignatureGlobal India Limited is worth Rs 730.00 crores. The issuance consists of a fresh issue of 1.57 billion shares totaling Rs 603 billion and an offer to sell 0.33 billion shares totaling Rs 127 billion.
The price range for the Signatureglobal India IPO is set at 366 to 385 rupees per share. 38 Shares is the bare minimum lot size for an application. Retail investors are required to make an investment of at least 14,630. For sNII, the minimum investment lot size is 14 lots (532 shares), or 204,820; for bNII, the minimum investment lot size is 69 lots (2,622 shares), or 1,009,470.
On September 20, 2023, the Signatureglobal India IPO’s subscription period began, and it finishes on September 22, 2023. On Wednesday, September 27, 2023, the allocation for the Signatureglobal India IPO is anticipated to be completed. The tentative listing date for the Signatureglobal India IPO is set for Wednesday, October 4, 2023 on the BSE and NSE.
The book-running handling lead managers at the Signatureglobal India IPO are ICICI Securities Limited, Axis Capital Limited, and Kotak Mahindra Capital Company Limited, while Link Intime India Private Ltd is the issue’s registrar.
Signatureglobal India IPO Overview
| Signatureglobal India Limited Company Overview | |
|---|---|
| Company Name | Signatureglobal India Limited |
| IPO Opening Date | 20 September, 2023 |
| IPO Closing Date | 22 September, 2023 |
| Face Value | 1₹ Per Share |
| Share Price Range | 366₹ To 385₹ |
| Lot Size | 38 Shares |
| Total IPO Issue Size | 18,961,039 Shares |
| Fresh Issue Size | 15,662,338 Shares |
| IPO Listing At | NSE, BSE |
| Issue Type | Book Built Issue IPO |
| Share Holding Pre Issue | 113,758,800 Shares |
| Share Holding Post Issue | 129,421,138 Shares |
| More IPO’s | Check Here |
Signatureglobal India IPO Lot Size
| Signatureglobal India Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 1 Lot |
| Maximum Retail Applications | 13 Lot |
| Minimum S-HNI Applications | 14 Lots |
| Maximum S-HNI Applications | 68 Lots |
| Minimum B-HNI Applications | 69 Lots |
| Total Shares In Single Lot | 38 Shares |
| Amount For Single Lot | 14,630 Rs. |
Signatureglobal India IPO Time Table (Tentative)
| Signatureglobal India Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 20 September, 2023 |
| IPO Ending Date | 22 September, 2023 |
| Basis Of Allotment | 27 September, 2023 |
| Initiation Of Refund | 29 September, 2023 |
| Shares Credit To Demat Account | 03 October, 2023 |
| Date Of Listing | 04 october, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 5 PM, 22 September, 2023 |
Signatureglobal India IPO Reservation Details
| Signatureglobal India Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | Not More Than 10% Of Net Offer |
| Shares Offered To HNI | Not More Than 15% Of Net Offer |
| Shares Offered To QIB | Not Less Than 75% Of Net Offer |
Signatureglobal India Company Financials
| Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 1,585.88 Cr |
| Assets | 5,999.13 Cr |
| Profit After Tax | -63.72 Cr |
| Net Worth | 47.54 Cr |
| Reserves And Surplus | 34.08 Cr |
| Debt | 1,709.75 Cr |
Is Signatureglobal India IPO Review?
Even though the company dominates the market for affordable housing in the Delhi-NCR region, its history of losses has caused the IPO to be overpriced and have a negative P/E.
Large projects are now underway at the corporation, and with the sale’s realization, things are expected to change soon. However, given its early results, it’s a “High Risk/Low Return” wager. Thus, only those who are knowledgeable, have extra cash on hand, or enjoy taking risks should invest a moderate amount of money; everyone else can pass.
What Is The Objective Of Signatureglobal India IPO Issue?
The following objects are among those for which the Company plans to use the Net Proceeds:
- Repayment or prepayment, in full or in part, of a few loans that the company took out.
- Acquisition of land for corporate needs and inorganic growth.
- Infusion of cash into a few of our subsidiaries, including Sternal Buildcon, Signatureglobal Homes, Signature Infrabuild, and Signatureglobal Developers, to pay back or advance some borrowings that the subsidiaries had taken out.
How To Apply For Signatureglobal India IPO?
By using your broker, you can apply to Signatureglobal India by following the instructions below:-
- Open your Demat account and log in.
- Select the Initial Public Offerings (IPO) section.
- Select IPOs That Are Open Right Now.
- Tap Master Components now.
- Fill out the form, then submit it.