Signatureglobal (India) IPO
Signatureglobal (India) Limited (SIGNATURE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 27 September 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.4% (likely range -10% to +6%), day's high +2.2%, chance of a gain 33%. Actual: +15.3% at the open, +23.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 62,56,858 | 7,95,08,806 | 12.7x | |
| NII (HNI) total | 29,91,803 | 4,04,99,488 | 13.5x | |
| Big NII (above ₹10 lakh) | 19,94,535 | 3,14,67,420 | 15.8x | |
| Small NII (₹2-10 lakh) | 9,97,268 | 90,32,068 | 9.06x | |
| Retail | 19,94,535 | 1,35,96,780 | 6.82x | |
| Total | 1,12,43,196 | 13,36,05,074 | 11.9x |
Bids on NSE and BSE together, as published by NSE, as of 22 Sep 2023, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Signatureglobal (India)'s, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Zaggle Prepaid Ocean ServicesSep 2023 | 16.7x | 8.85x | 5.94x | 12.6x | ₹574 Cr | 0.0% | +7.3% |
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| PSP ProjectsMay 2017 | 8.38x | 10.4x | 6.47x | 8.58x | ₹212 Cr | -9.5% | -5.0% |
| Newgen Software TechnologiesJan 2018 | 15.6x | 5.52x | 5.18x | 8.25x | ₹428 Cr | +3.7% | +8.9% |
| Ircon InternationalSep 2018 | 12.3x | 4.92x | 10.1x | 9.90x | ₹806 Cr | -13.3% | -2.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Axis Capital | 107 | +20.4% | 73% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
Offer documents (NSE)
Frequently asked
What is the Signatureglobal (India) IPO price band and lot size? ₹366–385 per share, with a lot of 38 shares, so the smallest retail bid is ₹14,630.
How many times has it been subscribed? 11.9x overall: QIB 12.7x, NII 13.5x, retail 6.82x.
How did it list? It opened at ₹444, +15.3% against the issue price of ₹385, and closed its first day +19.1%.
