market cap According to the company, ‘Signature Global’, one of the leading developers of India, has given an excellent return of 261% in one year of listing in the stock market. Along with this, it has also left BSE Realty Index behind by a huge margin, which has given 93% returns in the last one year. Signature Global was listed on BSE and NSE exchanges on September 27, 2023. Let us tell you that the company’s stock was listed on the exchange at a price of Rs 445, which was a premium of 15.6% on the issue price of Rs 385. At the same time, when the market closed on September 27, the share price was Rs 1,591. In this way, the company’s shares have given a bumper return of 26% in one year from IPO.
Included in top realty companies on the basis of market cap
DLF, Godrej Properties, Prestige Estates, Phoenix Mills, Oberoi Realty, Brigade Enterprises and Ananth Raj are among the leading real estate companies in terms of market capitalisation. The company had raised Rs 730 crore through IPO. The IPO was bid 11.88 times and the price band was Rs 366 and Rs 385 per share. Signature Global has a strong presence in Gurugram, while the company is about to enter the markets of Delhi, Noida and Greater Noida.
Benefited from boom in realty market
Realty experts say that the company has benefited from the boom in the realty market. The average sales realization of Signature Global increased to Rs 15,369 per sq ft in the first quarter of FY 2024-25, compared to Rs 11762 per sq ft for FY 2024. Apart from this, the collection increased by 102% to Rs 1210 crore, which was the highest collection for a quarter since the inception of the company. Signature Global started its operations in 2014. The company is targeting pre-sales of Rs 10,000 crore in the financial year 2024-25. Whereas in the financial year 2023-24, the company had registered advance sales of Rs 7270 crore.
