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Signature Global gets SEBI's nod to raise Rs 1000 crore via IPO

29 Nov 2022 Evaluate

Signature Global (India) has received the Securities and Exchange Board of India’s (SEBI) approval to raise Rs 1000 crore through an initial public offering (IPO). The company, which filed the draft red herring prospectus with the SEBI in July 2022, got the regulator’s approval on November 24, 2022.

The company proposes to utilise the net proceeds from the fresh issue towards payment of the debt, inorganic growth through land acquisitions and general corporate purposes. The funds will also be used to pay the debt of subsidiaries -- Signature Global Homes, Signature Infrabuild, Signature Global Developers and Sternal Buildcon. Kotak Mahindra Capital Company, ICICI Securities, and Axis Capital are the book-running lead managers to the issue.

Gurugram-based property developer Signature Global is focused on affordable and mid-housing segments with a market share of 19 percent.

Signatureglobal Ind. Share Price

805.00 -1.95 (-0.24%)
17-Apr-2026 13:33 View Price Chart
Peers
Company Name CMP
Lodha Developers 862.15
Dilip Buildcon 455.90
DLF 601.50
Oberoi Realty 1708.85
Ahluwalia Contract(I 836.00
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