Page 4 - Signature Global

Signature Global net debt up 6% in FY24 to Rs 1,160 cr on land acquisitions

Realty firm Signature Global's net debt increased by 6 per cent last fiscal to Rs 1,160 crore due to land acquisitions for the development of housing projects. According to the latest operational update, the company's net debt stood at Rs 1,160 crore at the end of 2023-24 fiscal, as compared to Rs 1,090 crore in FY23. "The increase in net debt is due to significant addition to our land portfolio during the current financial year," Gurugram-based Signature Global said. On Sunday, Signature Global reported that its sales bookings more than doubled to Rs 7,270 crore in 2023-24 from Rs 3,430 crore in the previous financial year. In March, the company sold 1,008 luxury homes for around Rs 3,600 crore in its new project at Gurugram, Haryana, helping the company achieve record sales bookings during the last fiscal and beating the target of Rs 4,500 crore for 2023-24. The company sold 4,619 units during the last fiscal, as against 4,512 units in 2022-23. In terms of area, Signature Globa

Signature Global Q4 sales bookings jump 3.4 times to Rs 4,140 crore

Realty firm Signature Global on Sunday reported a more than three-fold jump in its sales bookings to Rs 4,140 crore in the fourth quarter of last fiscal year, driven by strong demand for its luxury projects in Gurugram. In a regulatory filing, the company informed that it clocked record sales bookings in the fourth quarter as well as in the full 2023-24 that saw sales more than doubling to Rs 7,270 crore from the previous year. As per the data, Signature Global clocked sales bookings of Rs 4,140 crore in the January-March quarter of 2023-24 as against Rs 1,220 crore in the year-ago period. The company sold 1,484 units in the January-March period of last fiscal year as against 1,399 units in the year-ago period. In terms of volume, the company sold 2.98 million square feet area as against 1.41 million square feet. In March, Signature Global sold 1008 luxury homes for around Rs 3,600 crore in its new project at Gurugram, Haryana, helping the company achieve record sales bookings las

Signature Global to invest over Rs 1,200 cr/year to boost housing projects

Realty firm Signature Global will invest Rs 1,000-1200 crore per year to purchase land for the development of housing projects and encash strong consumer demand, its Chairman Pradeep Aggarwal has said. In an interview with PTI, he highlighted that housing demand has been very strong in the past two years across all segments, be it affordable, mid-income, premium, luxury or super luxury. Aggarwal expects the demand momentum to sustain on better economic growth. "We will be investing Rs 1,000-1200 crore every year for outright purchase of land to achieve our growth plan," Aggarwal said. Apart from outright land acquisition, he said the company would also be open to partnership with landlords for the development of housing projects. "We will continue to focus on the Gurugram property market for short to medium term," he said. On sales bookings, Aggarwal said the company is expecting to reach around Rs 7,200 crore this fiscal against Rs 3,430 crore in the previous financial ...

Signature Global to invest Rs 2,200 crore to develop housing project

Realty firm Signature Global will invest Rs 2,200 crore over the next five years to develop a new luxury housing project in Gurugram as part of its expansion plan amid strong consumer demand, its Chairman Pradeep Aggarwal said. "We have launched a new housing project in Sector 37D, Gurugram on Dwarka Expressway. The total units will be 1,008 in the project," he said. The company has already sold the entire 1,008 luxury flats for over Rs 3,600 crore, reflecting strong consumer demand despite the price rise. Aggarwal said the company received 5,400 EoIs (Expressions of Interest) from customers in this new 16.5-acre housing project 'DE LUXE-DXP'. Asked about the project cost, Aggarwal said the company would invest around Rs 2,200 crore to develop this project. The investments will be funded through internal accruals and advances from customers against sale bookings. He said the company would deliver this new housing project in 2028. With sales of Rs 3,600 crore in this new project,

Signature Global sells 1,008 flats in Gurugram for over Rs 3,600 crore

Realty firm Signature Global on Sunday said it has sold more than 1,000 flats in its luxury housing project in Gurugram for over Rs 3,600 crore on strong demand for residential projects. Housing demand has been very strong in the last two years, especially in the luxury homes segment. In a regulatory filing, Signature Global informed that it has achieved "pre-formal launch sales of more than Rs 3,600 crore for its latest premium housing residential development project 'DE LUXE-DXP' at Sector 37D in Gurugram. The project is spread over 16.5 acres and has a sales potential of 2.7 million square feet. Signature Global will develop 1,008 units in this housing project. Pradeep Aggarwal, Chairman of Signature Global, said, "With growing affluence in the middle class, a significant population segment has developed better purchasing power and higher aspirations". These factors have led to growing demand in the mid-housing segment, he added. "...modern-day consumers are seeking a mix of

Signature Global to develop housing project in Gurugram as demand surges

Realty firm Signature Global has partnered the landlord to develop a housing project on a 20-acre land in Gurugram with a revenue potential of Rs 4,500 crore, as part of its expansion plan. Signature Global has entered into a Joint Development Agreement (JDA) for 20.32 acres land in sector 71, southern peripheral road, Gurugram. The total development potential on this land is 28.4 lakh square feet of residential space. Signature Global Chairman Pradeep Aggarwal said the potential sales realisation would be around Rs 4,500 crore in this upcoming project. With a surge in housing demand after the COVID pandemic, real estate developers have been acquiring land outright as well as partnering with landlords to expand their businesses. Earlier this month, Signature Global had announced the signing of three separate JDAs with landlords to develop housing projects on a total 21.38 acres land parcels. The combined development potential in volume terms is 32 lakh square feet of residential

Signature Global Q3 bookings up 47% to Rs 1,263 cr on better housing demand

Realty firm Signature Global on Monday reported 47 per cent increase in its sales booking to Rs 1,262.73 crore for the third quarter of this fiscal on strong housing demand. Its sale bookings stood at Rs 856.77 crore in the year-ago period. In a regulatory filing, Signature Global said the company sold 1,179 units in October-December period of this fiscal as against 1,089 units in the year-ago period. In terms of volumes, sale bookings rose to 1.31 million square feet in the third quarter of this fiscal from 1.10 million square feet in the year-ago period. During April-December 2023-24 , Signature Global achieved 41 per cent growth in sale bookings to Rs 3,124.12 crore from Rs 2,209.78 crore in the year-ago period. It sold 3,135 units in the first nine months of this fiscal, marginally up from 3,113 units in the corresponding period of the previous year. In volume terms, sale bookings grew 9 per cent to 3.2 million square feet during April-December of this fiscal from 2.94 millio

Signature Global Q2 loss narrows to Rs 20 cr; buys 25 acres in Gurugram

Realty firm Signature Global has posted a consolidated net loss of Rs 19.92 crore in the second quarter of this fiscal and said it will acquire an entity having 25 acres of land in Gurugram at nearly Rs 500 crore enterprise value. Its net loss stood at Rs 59.25 crore in the year-ago period. Total income also fell to Rs 121.16 crore during July-September period of 2023-24 financial year from Rs 135.68 crore in the corresponding period of the previous year, according to a regulatory filing on Thursday. Total expenses declined to Rs 144.84 crore in the second quarter of this fiscal year from Rs 223.33 crore in the year-ago period. Signature Global also announced that it has signed a definitive agreement to acquire 100 per cent stake in Gurugram Commercity Pvt Ltd (GCPL), which owns 25.14 acre land in Sector 71 Gurugram. The enterprise value of GCPL is Rs 495 crore. "The acquisition of GCPL will result in the Company owning ~25.14 acres of land parcel in the prime location of sector-

Signature Global buys 26 acre land in Gurugram to build housing project

Realty firm Signature Global on Monday said it has acquired 25.75 acre land in Gurugram to develop a group housing project. The company did not disclose the deal value and the name of the seller. In a regulatory filing, Signature Global said the "company has entered into a Sale Deed for acquiring a land parcel admeasuring approximate 25.75 acres located at village Fazilpur, Gurugram, Haryana, for development of a group housing project." This land parcel has the overall potential developable area of about 3.25 million square feet, it added. Last month, Signature Global successfully launched its Initial Public Offering (IPO) to raise Rs 730 crore. The public issue, comprising a fresh issue of shares worth Rs 603 crore and an Offer For Sale (OFS) component of Rs 127 crore, was subscribed 11.88 times. Realty firm Signature Global has reported a 38 per cent growth in sales bookings at Rs 1,861.39 crore in the first six months of this fiscal year, on better demand for its affordable an

Signature Global cuts net debt by 66% in last six months to Rs 370 crore

Realty firm Signature Global's net debt declined 66 per cent to Rs 369.96 crore at the end of the September quarter from Rs 1,093.89 crore at the end of last fiscal year. "Our net debt reduced to Rs 369.96 crore at the end of HI, FY24 from Rs 1,093.89 crore at the end of FY23," Gurugram-based Signature Global said in its latest operational update submitted on stock exchanges. Last month, Signature Global successfully launched its Initial Public Offering (IPO) to raise Rs 730 crore. The public issue, comprising a fresh issue of shares worth Rs 603 crore and an Offer For Sale (OFS) component of Rs 127 crore, was subscribed 11.88 times. "We have been able to reduce our net debt significantly in the second quarter following funds raised through initial public offer (IPO)," Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of Signature Global, said. On operational performance, Signature Global reported a 38 per cent growth in sales bookings at Rs 1,861.39 crore in the first six .

Signature Global sales bookings up 38% to Rs 1,861 cr during Apr-Sept

Realty firm Signature Global has reported a 38 per cent growth in sales bookings at Rs 1,861.39 crore in the first six months of this fiscal year, on better demand for its affordable and mid-income residential projects. Its sales bookings stood at Rs 1,353 crore in the year-ago period. Last month, Signature Global successfully launched its Initial Public Offering (IPO) to raise Rs 730 crore. The public issue, comprising fresh issue of shares worth Rs 603 crore and an offer-for-sale (OFS) of Rs 127 crore, was subscribed 11.88 times. According to its operational update, the company's sales bookings in volume terms rose to 1.90 million square feet during the April-September period of 2023-24 financial year, from 1.82 million square feet in the year-ago period. Signature Global collected Rs 1,327.45 crore during the first six months of this fiscal, from Rs 804.89 crore in the corresponding period of last fiscal year. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of Signatur

Realty firm Signature Global posts Rs 7.18 cr net loss for Apr-Jun

Realty firm Signature Global on Thursday reported a consolidated net loss of Rs 7.18 crore for the first quarter of this fiscal year on higher expenses. Gurugram-based Signature Global had logged a net profit of Rs 32.78 crore in the year-ago period, according to a regulatory filing. Total income also declined to Rs 178.9 crore in April-June 2023-24 from Rs 559.01 crore in the corresponding period of the previous year. This is the first quarterly result announced by the company after getting listed on stock exchanges recently. Last month, Signature Global successfully launched its Initial Public Offer (IPO). The total size of the IPO was Rs 730 crore, with a fresh issue of shares worth Rs 603 crore and an offer-for-sale (OFS) of Rs 127 crore. The public issue was subscribed 11.88 times.

Sai Silks gains 10.3%, SignatureGlobal soars 19% over issue price on debut

SignatureGlobal (SGL) made an impressive stock market debut, with shares soaring nearly 20 per cent to close at Rs 458, up Rs 73 or 19 per cent over its issue price of Rs 385

Signature Global makes healthy debut in weak market, lists at 16% premium

The stock of the real estate firm listed at Rs 445, a 16 per cent premium over its issue price of Rs 385 per share, on the BSE

Signature Global's Rs 730 cr IPO receives 54% subscription on first day

The total size of the IPO is up to Rs 730 crore, comprising a fresh issue of shares worth up to Rs 603 crore and an Offer for Sale (OFS) of up to Rs 127 crore

Signature Global raises Rs 318.5 cr from anchor investors ahead of IPO

In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share

Signature Global raises Rs 318.5 cr from anchor investors ahead of IPO

In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share

IPO-bound Signature Global's sales bookings up 32% to Rs 3,430 cr

Realty firm Signature Global, which is launching its maiden public issue on Wednesday, has achieved 32 per cent growth in its sales bookings to Rs 3,430.58 crore in the last fiscal year on strong housing demand. The Gurugram-based Signature Global, which focuses on affordable and mid-income housing segment, had clocked Rs 2,590 crore worth of sales bookings in the 2021-22 fiscal. The company, backed by HDFC Capital and IFC, will hit the capital market on September 20 with its IPO to raise Rs 730 crore. The offer will close on September 22. In July last year, Signature Global filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator Sebi to launch its IPO. The company has fixed the price band at Rs 366-385 per share for its maiden public issue and aims to raise Rs 330 crore from anchor investors. According to the Red Herring Prospectus (RHP) filed recently, the total size of the IPO is up to Rs 730 crore, comprising a fresh issue of shares up to Rs 603 crore and

Signature Global to hit capital markets with Rs 730 crore IPO on Sep 20

Realty firm Signature Global (India) Ltd will hit the capital markets on September 20 with its Initial Public Offering (IPO) to raise Rs 730 crore. In July last year, the Delhi-based firm had filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator Sebi. According to the Red Herring Prospectus (RHP), which was filed on Tuesday, the total size of the IPO is up to Rs 730 crore, comprising fresh issue of shares up to Rs 603 crore and offer for sale of up to Rs 127 crore. The company said it plans to utilise Rs 264 crore for repayment or prepayment of certain borrowings, in full or in part. It plans to infuse Rs 168 crore into subsidiaries for repayment or prepayment, in full or in part, certain borrowings availed of by them. The remaining fund will be used for inorganic growth through land acquisitions and general corporate purposes. Signature Global started operations in 2014 through its subsidiary Signature Builders Pvt Ltd with the launch of 'Solera' project o

Budget 2023: Real estate sector wants tax sops, PPP in affordable housing

Budget 2023: Co-working space companies want the Centre to reduce the rate of tax deducted at source on their services