Signature Global (India) Limited (Signature Global), has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”) on 12th July 2022 for an IPO aggregating up to Rs.1000 crore. The Offer comprises fresh issue up to Rs.750 crore (Fresh Issue) and Offer for Sale of (OFS) up to Rs.250 crore.
Signature Global is the largest real estate development company in Delhi-NCR, focussed on affordable and mid segment housing in terms of unit supplied (in the below Rs.80 lakh price category) between 2019 and 2021 with a market share of 19% (Source: Anarock Report).
The Company commenced its operations in 2014 through its subsidiary– Signature Builders Pvt. Ltd with acquisition of 6.13 acres of land in Gurugram, Haryana for its “Solera project “. The company has grown its operations over the years and in less than a decade, as on March 31, 2022, Signature Global had sold 23,453 residential and commercial units within Delhi-NCR region out of which 21.478 are the residential units with average selling price of Rs.28.1 lakh per unit. The company’s sales have grown at a CAGR of 142.47% from Rs.440.57 crore in fiscal 2021 to Rs.2,590.22 crore in fiscal 2022.