Signatureglobal (India) Limited IPO
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Signatureglobal (India) Ltd is 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. It has grown its operations over the years and in less than a decade, as of March 31, 2023, has sold 27,965 residential and commercial units, all within the Delhi NCR region. As of March 31, 2023, the company was the largest real estate developer under the Affordable Housing Policy (AHP) in the Gurugram and Sohna region, with a market share of 18% in terms of the total supply of units in the period from 2020 to the three months ended March 31, 2023. The company aspires to provide value homes with attractive designs and amenities. It proactively seeks to enhance the value of its projects by creating a better living environment through the provision of comprehensive community facilities and by engaging renowned architects.
The company intends to utilize the net proceeds from the fresh issue towards the following objects:
- Re-payment or pre-payment, in full or in part, of certain borrowings availed by our Company;
- Infusion of funds in certain of our 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 our Subsidiaries; and
- Inorganic growth through land acquisitions and general corporate purposes.
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