Crow Verdict: Real estate developers are crooked by design and I feel they're usually a hit or miss. Signatureglobal's focus on affordable and mid-size units in Delhi NCR is the primary thorn here. I don't see much margin for this type of business model. And that explains its continuous losses. We cannot compare this with Macrotech Developers because it makes all types of units. In a region overcrowded with Sobha, DLF, and other established players, Signatureglobal will struggle. And I don't want to be part of that struggle. Avoid.
Crow's skin in the game: Retail is already subscribed 4x so it doesn't make sense to apply. But risk takers may consider acquiring 1 retail lot if QIB crosses 10x.
Crow's last AVOID recommendation: Zaggle Prepaid Ocean Services (opened flat and currently down 1%).
Always in restraint of Mrs. Crow.