Signature Global share price gains over 2% after decent listing; Should you buy, sell or hold?

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₹445.00 apiece on the BSE, a premium of 15.58% to the issue price of ₹385 per share. On NSE, Signature Global listing price was ₹444 per share, a 15.32% premium. After listing, Signature Global share price traded higher and made a high of ₹453.80 apiece on the BSE, which was nearly 2% higher than the listing price and nearly 18% higher than the issue price.

Read here: Signature Global makes decent Dalal Street debut; shares list with 15.5% premium at ₹445 apiece on BSE Signature Global share listing was in line with analysts’ expectations, given the good response that its initial public offering (IPO) received. “Signature Global is a leading real estate developer in Delhi-NCR, but it has a history of losses and faces concentration risk and stiff competition from other developers. After this listing, investors should consider booking profit," said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.

However, for investors who want to hold Signatureglobal (India) Ltd shares, Nyati advises them to maintain a stop loss at ₹400 level. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The ₹730-crore Signature Global IPO was open from September 20 to September 22. It received 11.88 times total subscription, as per data available on stock exchanges.

The IPO price band was ₹366 to ₹385 per share. Signature Global Ltd is one of the largest real estate developer in the Delhi NCR region in the affordable and lower mid segment housing in terms of units supplied. As of March 31, 2023, Signature Global sold 27,965 residential and commercial units, all within the Delhi NCR region, with an aggregate Saleable Area of 18.90 million square