However, overall income increased from Rs154.7 crore in the prior fiscal year to Rs939.6 crore in 2021—22. From Rs246.65 crore in the 2020—21 financial year, total expenses increased to Rs1,076 crore in the most recent fiscal year. With a market share of 19%, Signature Global focuses on the inexpensive and mid-housing segments.
According to the DRHP, the IPO will include an Offer for Sale (OFS) of up to Rs250 crore and a fresh issue of equity shares valued up to Rs750 crore. International Finance Corporation and promoter Sarvpriya Securities would sell equity shares with a maximum value of Rs125 crore apiece. The company plans to use the net proceeds from the new issue for general corporate operations, inorganic growth through property purchases, and debt repayment.
The money will also be used to satisfy the debt owed by the subsidiaries Sternal Buildcon, Signature Global Homes, Signature Infrabuild, and Signature Global Developers. The “Solera” project, which was launched on 6.13 acres of land in Gurugram, Haryana, in 2014, marked the beginning of operations for Signature Global through its subsidiary Signature Builders Pvt Ltd.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.