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.
Signature Global is the largest real estate development company in the national capital region of Delhi in affordable and lower mid segment housing in terms of units supplied between 2020 and the three months ended March 31, 2023, with a market share of 19%.
Signature Global chairman Pradeep Aggarwal, and chief executive officer, Rajat Kathuria, says the shift to mid-income housing was a result of customer feedback after COVID-19. They also say that in the next 3-5 years, the company will be focused on Delhi-NCR.
Signature Global IPO | Global names like Nomura Trust, Eastspring Investments, Lion Global Investment Funds, Troo Capital, Segantii India Mauritius, Morgan Stanley, Goldman Sachs and Copthall Mauritius Investments participated in the anchor book.
Primary Market Buzzing: The 10 IPOs add to the 6 public issues still open for bids since last week, while five stocks are lined up for listing on bourses next week