Signatureglobal (India) Limited IPO
i. Signatureglobal is the largest real estate development company in the National Capital Region of Delhi (“Delhi NCR”) focussed on affordable and mid segment housing in terms of units supplied (in the below ₹ 8 million price category) between 2019 and 2021 with a market share of 19%.
ii. Signatureglobal commenced operations in 2014 through its Subsidiary, Signature Builders Private Limited, with the launch of its Solera project on 6.13 acres of land in Gurugram, Haryana. They have grown its operations over the years and in less than a decade, and as of March 31, 2022, they had sold 23,453 residential and commercial units, all within the Delhi NCR region, with an aggregate Saleable Area of 14.59 million square feet. Their Sales (net of cancellation) have grown at a compounded annual growth rate (“CAGR”) of 142.62%, from ₹ 4,400.10 million in Fiscal 2020 to ₹ 25,900.38 million in Fiscal 2022. As of March 31, 2022, they have sold 21,478 residential units with an average selling price of ₹ 2.81 million per unit.
iii. The company is strategically focused on GoI and state government policies supporting affordable housing, specifically the Affordable Housing Policy, 2013 notified by the Town and Country Planning Department, Government of Haryana (“AHP”) and the Affordable Plotted Housing Policy or the Deen Dayal Jan Awas Yojana (“DDJAY – APHP”). Each of the policies is focused on affordable and mid segment housing.
iv. The company has an extensive distribution network focussed on the customer segments they target, with 484 channel partners and an inhouse team of 43 employees engaged in direct sales and 96 employees for indirect sales
Competitive Strengths
i. Largest affordable and mid segment real estate developer in Delhi NCR
ii. Well-established brand, strong distribution network and digital marketing capabilities translating into faster sales
iii. Fast growing with ability to scale up rapidly
Objects of the Signatureglobal (India) Limited IPO:
Signatureglobal (India) Limited IPO Details:
Issue Type: | Book Built Issue IPO |
Issue Size: | 1,000.00 Cr. |
Listing At: | NSE,BSE |
Promoters And Management:
Financials of Signatureglobal (India) Limited IPO:
Particulars ( In Crore ) | 2022 | 2021 | 2020 |
Revenue from Operations | 901 | 82 | 241 |
Other Income | 38 | 23 | 21 |
Gain on fair valuation of derivative Instruments | - | 48 | - |
Total Revenue | 939 | 154 | 263 |
Cost of Sales | 819 | 66 | 185 |
Purchase of Stock-in-Trade | 0.2 | 0.4 | 1 |
Employee Benefits Expense | 64 | 43 | 31 |
Loss of fair valuation of derivative instruments | 14 | - | 12 |
Impairment losses on Financial Assets | 1 | 1 | 1 |
Other Expenses | 86 | 52 | 44 |
EBITDA | -46 | -9 | -15 |
Depreciation & Amortisation | 20 | 11 | 4 |
Finance Cost | 69 | 70 | 54 |
EBIT | -67 | -21 | -19 |
OPM (%) | -4.96% | -5.98% | -5.75% |
PBT | -136 | -97 | -74 |
Taxes (Credit) | -20 | -11 | -17 |
PAT | -108 | -114 | -78 |
NPM (%) | -11.54% | -73.72% | -29.84% |
No.of Shares | 24 | 24 | 24 |
EPS | -4.51 | -4.74 | -3.26 |
Comparison With Peers:
Name of the Company | Revenue (Cr) | Profit (Cr) | P/E | EPS | CMP | Mcap (Cr) |
Signatureglobal (India) Limited | 939 | -108 | N/A | -4.51 | N/A | N/A |
DLF Limited | 6,137 | 1,500 | 62.78 | 6.06 | 350 | 86,636 |
Godrej Properties Limited | 2,585 | 351 | 131.87 | 12.68 | 1092 | 30,364 |
Macrotech Developers Limited | 9,579 | 1,209 | 42.82 | 26.28 | 806 | 38,846 |
Prestige Estates Projects Limited | 6,600 | 1,215 | 17.21 | 28.69 | 399 | 16,018 |
Sobha Limited | 2,821 | 117 | 57.59 | 12.32 | 592 | 5,607 |
Recommendation on Signatureglobal (India) Limited IPO:
To be updated shortly
Lead Manager of Signatureglobal (India) Limited IPO:
Registrar of Signatureglobal (India) Limited IPO:
Company Address:
Discussion on Signatureglobal (India) Limited IPO:
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