According to the red herrring prospectus (RHP) filed recently, the total size of the IPO is up to Rs 730 crore, comprising fresh issue os shares up to Rs 603 crore and offer for sale (OFS) of up to Rs 127 crore. The bulk of the proceeds will be used to reduce debt.
Signature Global IPO: Signature Global backed by HDFC Capital and IFC will hit capital market on September 20 with its IPO to raise Rs 730 crore. The offer will close on September 22.
IPO-bound Signature Global raises ₹318.5 crore from anchor investors thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Realty firm Signature Global has experienced a 32% increase in sales bookings to Rs 3,430.58 crore in the last fiscal year due to strong housing demand. The Gurugram-based company, which focuses on affordable and mid-income housing, will launch its maiden public issue on September 20 to raise Rs 730 crore.