Signatureglobal (India) Limited IPO
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
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.
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)