Signature Global

Signature Global is a publicly-held real estate development company in India. It was established in 2014 and is headquartered in Gurgaon, Delhi. It operates in the residential and commercial sectors and has developed projects in Delhi-NCR region. In less than a decade, the company holds a market share of 14% in Delhi NCR & 36% in Gurugram in terms of Unit Supplied < INR 30MN.

History
The company began its operations in 2014 with the launch of the Solera project on 6.13 acres of land in Gurugram, Haryana, through its subsidiary, Signature Builders Private Limited. Through the Government of India and state government regulations, they focused on the affordable housing segment and the middle-income housing segment. In 2021, they became the first real estate company from Delhi NCR to receive EDGE (Excellence in design for greater efficiencies) given by International Finance Corporation. All of the company's projects launched between financial year 2020 and financial year 2022 are either EDGE or IGBC certified. As of March 2023 Signature Global had sold 27,965 residential and commercial units, all within the Delhi NCR region. In September 2023, the company was listed on the Bombay Stock Exchange and National Stock Exchange of India.

Backed by marquee equity investors like Nomura, HDFC and IFC, Signature Global practices corporate governance within the organization. Over the years, the Company has expanded its operations, and as of March, 2024 it had delivered over 10.4 Million Sq. Ft., and has ongoing projects in 16.4 million square feet saleable area along with a forthcoming pipeline of 29.3 Million Sq.Ft. of Saleable area, all within the Delhi NCR region.

The company has shown sales growth of 112% in FY 24 Vs. FY 23, and sales CAGR of 62% during FY21-24. Signature Global's projects are positioned in key locations in Delhi NCR and micro markets such as South of Gurugram (Sohna), Golf course extension road, Dwarka Expressway, Vaishali (Ghaziabad), and Karnal.

Funding
In May 2022, Signature Global raised ₹400 crore from HDFC Capital Affordable Real Estate Fund 3, which is managed by HDFC Capital. Ahead of the IPO, in September 2023, they raised INR 318.5 crore ($43 million) from 19 anchor investors, including Morgan Stanley and Goldman Sachs.

IPO
On September 27, 2023, Signature Global debuted on the Indian stock Exchanges. The BSE listed its shares at ₹445.00 apiece, which was 15.58% more than the ₹385 issue price. During the day, it increased by 22.97% to Rs 473.45. It eventually closed at Rs 458.40, up 19.06 percent. Also, 4.08 lakh shares of the firm were traded on the BSE and nearly 1.43 crore shares were traded on the NSE the same day. The offer for sale (OFS) of up to 3,298,701 equity shares, totaling ₹127 crore by the promoter and prompter group, and a new issue of 15,662,338 shares totaling ₹603 crore constituted the ₹730 crore total issue size of the Signature Global IPO. The IPO was well received by investors, with a total subscription of 11.88 times. Notably, ordinary investors demonstrated interest, with a subscription rate of 6.82 times for their component, while the Non-Institutional Investors' (NII) category was oversubscribed by 13.54 times.

Projects
Signature Global's low-end projects include amenities such as recreational areas, gardens, open spaces, and community halls, while mid-housing projects feature gyms, recreational spaces, entertainment centres, swimming pools, and sporting facilities. All the mid-housing projects incorporate a retail plaza to offer residents added convenience. All of company's projects are situated in the Delhi NCR region. They have also launched a few projects in numerous areas of Haryana, including Karnal, in addition to the Gurugram region, as part of the mid-housing category. In addition, the company's subsidiary, Sternal Buildcon Private Limited, is working on an ongoing project called Infinity Mall. It's situated next to the company's mid-range and inexpensive home projects in Sohna.

Green Development
Signature Global has been following green and sustainable development by incorporating green building practices into its projects. The company is an active member of the Indian Green Building Council (IGBC) and was honored with the IGBC Green Championship award in 2021 for its notable contributions to the Green Affordable Housing Movement in India. Notably, nine of Signature Global's projects have earned IGBC Gold ratings. Furthermore, its nine projects have received EDGE Certification, an internationally recognized green building certification.

CSR
Signature Global Foundation Trust is the humanitarian arm of Signature Global. Established under the provisions of the Indian Trust Act 1882 and under the leadership of Pradeep Kumar Aggarwal, Chairman and Whole-time Director, the foundation focuses on a wide areas. The foundation is majorly working on Project Paathshala initiative in which they work on uplifting the facilities and school supplies available for kids studying in Government School.

Awards and recognition
Signature Global has garnered numerous awards and recognitions for its achievements in the real estate sector. Notably, the Department of Town & Country Planning, HRERA Gurugram, and HRERA Panchkula have honored the company for its on-time project deliveries. Specifically, the projects Sunrise The Premium Floors under the DDJAY Policy and Solera under the Affordable Housing Policy received recognition for their punctual completion. These awards were presented by the Chief Minister of Haryana, Shri Manohar Lal Khattar.