Signature Global lists at Rs 445, over 15% premium to IPO price moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Indian equity benchmarks were trading lower in early deals today. The 30-share BSE Sensex pack fell 313 points to 65,631, while the Nifty lost 91 points to 19,572.
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 has a history of losses and faces concentration risk and stiff competition from other developers. After this listing, investors should consider booking profit. However, those who want to hold it should maintain a stop loss at Rs 400," said Shivani Nyati, Head of Wealth, Swastika Investmart.