September 20, 2023 - September 22, 2023

Signatureglobal India IPO Review & Recommendations

Indsec Securities has given "Apply" recommendation to Signatureglobal India IPO. Dilip Davda has given "May Apply" recommendation to Signatureglobal India IPO. Capital Market has "Neutral" view about the IPO. Sushil Finance Ltd and Ventura Securities Limited have "Not Rated" the IPO.

Signatureglobal India IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	1	1	1	0	2
%	20.00	20.00	20.00	0.00	40.00

Signatureglobal India IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Capital Market	Neutral
Dilip Davda	May Apply
Indsec Securities	Apply
Sushil Finance Ltd	Not Rated
Ventura Securities Limited	Not Rated

Signatureglobal India IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Signatureglobal India IPO is 44. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	44	Avoid, however active risk seekers can try

Signatureglobal India IPO Review by Dilip Davda (May apply)

[Dilip Davda] Though the company has lion market share in affordable housing in Delhi NCR region, its loss making journey so far makes the IPO exorbitantly priced with a negative P/E. The company has large projects on hand and with its sale realization, the company is likely to turn the table in the nearer term. But based on its performance so far, it’s a “High Risk/Low Return” bet. Hence only well-informed/cash surplus/risk seekers may park moderate funds for the long term rewards, others can skip it. Read detail review...

Signatureglobal India IPO Peer Comparison

Signatureglobal (India) Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Company Name	EPS (Rs)		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Signatureglobal (India) Limited	-5.44	-5.44	3.81
DLF Limited	8.22	8.22	152.27	65.69	5.40
Godrej Properties Limited	20.55	20.55	334.04	82.40	6.68
Macrotech Developers Limited	10.10	10.10	131.98	76.23	3.85
Prestige Estates Projects Limited	23.49	23.49	248.85	27.54	10.69
Sobha Limited	10.99	10.99	263.02	4.18	4.65

Notes:

All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the financial statements of the respective company for the year ended March 31, 2023, submitted to stock exchanges.
Financial information for the Company is derived from the Restated Consolidated Financial Information for the Fiscal 2023.
Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company for the year ended March 31, 2023.
The P/E Ratio has been computed based on the closing market price of equity shares on NSE on March 31, 2023, divided by the Diluted EPS.
For listed peers, RoNW is computed as profit after tax for the year divided by closing net worth. Net worth has been computed as the sum of equity share capital, and other equity (excluding non-controlling interests), as applicable.
Net Asset Value ("NAV") is computed as the closing net worth divided by the equity shares outstanding as of March 31, 2023.

Signatureglobal India IPO Review by Members

Signatureglobal India IPO Reviews, analysis and views by popular members. Read Signatureglobal (India) Limited IPO reviews by retail investors to find recommended ipo to buy.

Post Recommendation Manage Your IPO Reviews

Signatureglobal India IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	2	11
%	7.14	0.00	14.29	78.57

Member	Review
Crow IPO Mentor (700+ Posts, 900+ Likes)	Neutral Continuously loss-making. Avoid unless QIB subscription surprises. September 22, 2023 12:54:02 PM
Mahesh	Apply for Long Term at Upper Price Band Considering its leading position, strong execution capabilities, the backing of HDFC Capital Advisors and IFC (a member of the World Bank group), strong saleable inventories, margins, reduction in financial leverage, etc., there is a strong possibility of rerating in the long run 1 September 22, 2023 11:16:09 AM
South India Investor	Avoid Avoid this IPO September 21, 2023 12:46:22 PM
B.M.SURANA IPO Guru (2600 Posts, 4800+ Likes)	Avoid Over Price Loss Making company September 21, 2023 8:03:34 AM
ARVINDGHY	Avoid In my view, it's advisable to steer clear of this IPO due to the company's consecutive losses over the past four years. What's particularly perplexing is the sudden shift in Reserve & Surplus, which went from a negative 364 crore on March 31, 2022, to a positive figure as of March 31, 2023. This raises questions that seem unexplained at the moment. To gain a more comprehensive understanding, it might be worthwhile to study the RHP. September 20, 2023 6:39:30 PM
Top Contributor	Neutral Neutral September 20, 2023 6:27:17 PM
Stock enthusiast	Avoid Loss making company negative listing can be done better options are available. September 20, 2023 10:59:31 AM
Stock Trek	Avoid Company is struggling to establish itself in the premium segment where the real margins are, they do well in affordable & volume segment but we see what it results in performance. Apart from Sector 63, Gurgaon project none of their upcoming projects are in premium locations. Another negative is some of the key partners have left the company to form MRG Global and Ganga Realty which have springboard into more premium projects. Skipping basis the financials & lack of future growth roadmap. September 20, 2023 2:09:05 AM
PHARROAD WALE BABAJI	Avoid EPS Minus September 18, 2023 7:48:42 AM
Vicksa	Avoid Better players in market September 15, 2023 7:13:24 PM
Jay Ranvir	Avoid Loss Making company for last several years. Operating in unorganized real estate sector, corporate compliance will be at nil level. Avoid September 14, 2023 10:58:21 PM
rajaipo	Avoid big avoid loss-making -ve reserved real state co dont apply thay only come due to IPO boom September 13, 2023 3:40:10 PM
Ritesh Singh	Avoid At present all sectors are red and specially Real Estate sector. You may add this after listing when price goes down February 28, 2023 5:26:31 PM
Mohammed Osman Hadi	Avoid The company is making loss and it is in huge debt. GMP is also low so retail investors should avoid 1 February 28, 2023 9:18:44 AM

Post Recommendation Manage Recommendations

Note:

The recommendations or analysis of public issues posted above expresses the views of its author and does not represent the views of Chittorgarh.com or its staff.
We reserve the right to remove any objectionable post without providing a reason.