Signature Global (India) Limited IPO Review, Date, Price, GMP

Signature Global (India) Limited, is the largest real estate development company in the National Capital Region of Delhi NCR, with a focus on affordable and mid-segment housing. Their brand recognition, product quality, and competitive pricing have facilitated significant sales shortly after project launches.

Signature Global (India) Limited started operations in 2014 through their subsidiary, Signature Builders Private Limited, initiating the Solera project on 6.13 acres of land in Gurugram, Haryana. Over less than a decade, as of March 31, 2022, Signature Global (India) Limited successfully sold 23,453 residential and commercial units within the Delhi NCR region, with a cumulative Saleable Area of 14.59 million square feet. By March 31, 2022, they had sold 21,478 residential units with an average selling price of ₹ 2.81 million per unit.

As of March 31, 2022, Signature Global (India) Limited was the leading real estate developer under both the Affordable Housing Policy and the Deen Dayal Jan Awas Yojana in the Gurugram and Sohna region, with substantial market shares in terms of total unit supply.

Their offers, termed “value homes,” are attractively built and outfitted with a variety of facilities, boosting the living environment and total value of their projects. Projects under various policies serve a variety of budgets and feature amenities such as leisure spaces, gardens, gyms, and more.

As of March 31, 2022, Signature Global (India) Limited had completed an aggregate Developable Area of 4.08 million square feet in their Completed Projects and an additional 0.55 million square feet in their Ongoing Projects, comprising 6,282 residential units and 566 commercial units, for which they have received occupation certificates. They achieved substantial sales, amounting to 95.14% of the total number of residential units launched in their Completed and Ongoing Projects as of March 31, 2022.

Signature Global (India) Limited IPO Complete Details:

Signature Global (India) Limited IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP OF Signature Global (India) Limited is Around 41 Rs.

Objects Of Issue:

1. Repayment or partial prepayment of specific loans obtained by our company.
2. Capital injection into select subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon, to facilitate the repayment or partial prepayment of their respective loans.
3. Pursuit of inorganic growth opportunities through land acquisitions and allocation of funds for general corporate purposes.

Promoters and Group:

1. Pradeep Kumar Aggarwal:

   – Education: Completed senior secondary education from Motiram Baburam Inter College, Haldwani, Nainital, affiliated to Uttarakhand Board.

   – Professional Background: Worked at Paywell Securities Private Limited for five years. Served as managing director at SMC Comtrade Limited for 10 years. Also had over 10 years of experience at SMC Global Securities Limited.

2. Lalit Kumar Aggarwal:

   – Education: Completed senior secondary education from Central Board of Secondary Education, Delhi. 

   – Professional Background: Worked at Signatureglobal Comtrade Private Limited for six years. Also associated with SMC Comtrade Limited for seven years, focusing on arbitrage business. Served as a full-time director at SMC Real Estate Advisors Private Limited for over two years.

3. Ravi Aggarwal:

   – Professional Background: Worked at Paywell Securities Private Limited for a year. Also had experience at SAM Global Securities Limited, which merged with SMC Global Securities Limited. Served as a director on the board of SMC Insurance Brokers Private Limited for over five years.

4. Devender Aggarwal:

   – Education: Completed secondary education from Government Boys Senior Secondary School, Delhi.

   – Professional Background: Worked at SMC Global Securities Limited for over seven years, overseeing the arbitrage business. Has over 11 years of experience in the real estate sector. Appointed as a director on the Board of the company on February 15, 2022.

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