Company is promoted by Pradeep Kumar Aggarwal, Lalit Kumar Aggarwal, Ravi Aggarwal, Devender Aggarwal, Pradeep Kumar Aggarwal HUF Lalit Kumar Aggarwal HUF, Ravi Aggarwal HUF, Devender Aggarwal HUFand Sarvpriya Securities Private Limited.. Pre-Offer Promoter and Promoter group stake in the company is 78.35%.
Signatureglobal (India) Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR 603 Crores calculated on upper price band (face value of INR 1 per share) via initial public offering.
Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 603 crores and an Offer for Sale up to Rs. 127 crores. ICICI Securities, Axis Capital, Kotak Mahindra Capital have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime India Pvt. Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO: As per the details available in RHP, Price band is Rs 366 to Rs 385 with lot size of 38 shares and in multiples thereof. Objects of the issue is 1) Re-payment or pre-payment, in full or in part, of certain borrowings amounting to Rs. 264 crores, 2) Infusion of funds in certain Subsidiaries, namely Signatureglobal Homes, Signatureglobal Developers, Signatureglobal Business Park and Sternal Buildcon for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Subsidiaries amounting to Rs. 168 crores, 3) Inorganic growth through land acquisitions and general corporate purposes.
IPO Dates:
IPO will open on September 20, 2023 and close on September 20, 2023. Tentative date of listing on stock exchanges is October 04, 2023
About Industry: Affordable housing today is an integral part of the national agenda with significant significance in urban areas. Entire NCR saw housing sales increase by 73% from 23,209 units in 2020 to 40,053 units in 2021. Despiterestricted supply in 2022, the absorption trend continued with sale of 63,712 units rising by 59%. Of the 31,706 units launched in NCR in 2022, Gurugram comprised 75% share and added as many as 19,099 units in 2022. The supply is expected to increase with9,941 new launches in the first quarter of 2023, contributing to 80% of NCR supply
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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