Signature Global IPO to open on September 20. Here are 10 things to know about the offer

economictimes.indiatimes.com:

Signature Global will open for subscription on September 20. The issue closes on September 22.

The company's shares are expected to get listed on both the exchanges. Here are 10 things to know about the offer.

1. What is the business overview of Signature Global?
   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%.
2. What is the industry overview of Signature Global?
   The NCR region saw housing sales increase by 73% from 23,209 units in 2020 to 40,053 units in 2021. Despite restricted supply in 2022, the absorption trend continued with sales of 63,712 units rising by 59%. Of the 31,706 units launched in NCR in 2022, Gurugram comprised 75% share and added as many as 19,099 units in 2022. The supply is expected to increase with 9,941 new launches in the first quarter of 2023, contributing to 80% of NCR supply.
3. What is the size of the Signature Global IPO?
   The IPO comprises fresh equity issue of Rs 603 crore and an offer for sale (OFS) segment of Rs 127 crore by selling shareholders, aggregating up to Rs 730 crore.
4. Who are the selling shareholders under the OFS?
   Under the OFS, investor International Finance Corp will sell its shares.
5. What is the price band for Signature Global IPO?
   The company has fixed a price band of Rs 366-385 per share and investors can bid for a minimum of 38 shares in one lot and in multiples thereafter.
6. What is the structure of Signature Global IPO?
   About 75% of the issue is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 10% for retail investors.
7. How is the