The Delhi-based company submitted the Draft Red Herring Prospectus (DRHP) to the capital markets regulator SEBI last month in order to raise up to Rs. 1000 crore through an IPO. The real estate company, Signature Global India Ltd., reported a net loss of Rs. 115.5 crore during the previous fiscal year.
The company is preparing to conduct a Rs. 1,000 crores public offering. Its net loss for the fiscal year 2020–2021 was Rs 86.27 crore. Its net loss for the fiscal year 2020–2021 was Rs 86.27 crore.
The Delhi-based company submitted the Draft Red Herring Prospectus (DRHP) to the capital markets regulator SEBI last month in order to raise up to Rs 1,000 crore through an IPO.
According to the DRHP, Signature Global reported losses after taxes of Rs. (565.74) million, Rs. (862.78) million, and Rs. (1,155.00) million for the fiscal years 2020, 2021, and 2022, respectively.
How Much Have Its Expansions Grown In The Fiscal Year 2020-2021?
However, overall income increased from Rs 154.7 crore in the prior fiscal year to Rs 939.6 crore in 2021–22. From Rs 246.65 crore in the 2020–21 financial year, total expenses increased to Rs 1,076 crore in the most recent fiscal year.
With a market share of 19%, Signature Global focuses on the reasonable and mid-housing sections. According to the DRHP, the IPO will include an Offer for Sale (OFS) of up to Rs 250 crore and a fresh issue of equity shares valued at up to Rs 750 crore.
International Finance Corporation and promoter Sarvpriya Securities would sell equity shares with a maximum value of Rs. 125 crores apiece. The company plans to use the net profits from the new issue for general corporate actions, inorganic growth through asset purchases, and debt repayment.
What Are Their Subsidiaries In Delhi NCR?
The money will also be used to settle the debt owed by the subsidiaries: Sternal Buildcon, Signature Global Homes, Signature Infrabuild, and Signature Global Developers. With the opening of the “Solera” project on 6.13 acres of land in 2014, Signature Global’s subsidiary, Signature Builders Pvt. Ltd., began operations.
As of March 31, 2022, we have sold 23,453 residential and commercial units, all in the Delhi-NCR region, with an aggregate saleable area of 14.59 million square feet, according to the DRHP. We have expanded our business throughout the years and in less than a decade.
How Did It Increase Its Sales Bookings?
Sales bookings for the company increased at a compound annual growth rate (CAGR) of 142.62% from Rs 440 crore in 2019–2020 to Rs 2,590 crore in 2021–2022. We had sold 21,478 residential units as of March 31, 2022, with an average selling price of Rs 2.81 million per unit.
The Affordable Housing Policy (AHP), 2013 notified by the Town and Country Planning Department, Government of Haryana, and the Affordable Plotted Housing Policy, also known as the Deen Dayal Jan Awas Yojana (DDJAY-APHP), have received our strategic attention, “DRHP” said. Each policy is geared toward mid-range and cheap housing.