Signature Global’s Rs 730-cr IPO opens
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New Delhi: Realty firm Signature Global on Wednesday launched its initial public offer (IPO) to raise Rs730 crore, which will be used mainly for debt reduction and business expansion.
The public issue will close on September 22. The price band has been fixed at Rs366-385 per share. The total size of the IPO is up to Rs730 crore, comprising a fresh issue of shares worth up to Rs603 crore and an offer for sale (OFS) of up to Rs127 crore. Delhi-NCR-based Signature Global has already raised Rs318.5 crore from anchor investors, including Nomura. In a regulatory filing late Monday, Signature Global informed that under the Anchor InvestoRs(AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs385 per equity share.
