Signatureglobal (India) Limited IPO Message Board (Page 7)

Guys has anyone tried IPO JI to apply for IPO's. Is it authentic and safe?

Will there be magic moments in signature?

Any views on SJVN OFS

Did non retail ysyrday doin retail today

There should be a separate page named as,

Off Topic

😂😂😂😂

Due to mkt condition n Jsw on Monday it will not subscribe much may be 5X only

Signatureglobal or Saisilks, which one do you prefer n why ? Or to avoid both ?Views are earnestly solicited from the kindhearted knowledgeable members of the forum. Thank you.

It's simple for me will not add both in my portfolio but for listing gains I may go for both(high risk moderate return)only if QIB bidds more than 5-7k crore.whether hni/retail is yet to be decided. :)

Company is a real estate developer with focus on Gurgaon micro market
It has 29 ongoing projects with potential development of 21 msqft and is planning 19 projects with potential development of 24 msqft.
YoY in 22-23, the revenue from operation has increased 67% however number of units sold has dropped 35%. This could be due to more deliveries than sales resulting in higher revenue recognition. It also signifies that due to lower sales this year, revenue recognition could be lower in coming years.
Annual collections are increasing at 57% CAGR over last 3 years, and this is confirmed by high cash with banks. Due to RERA, this cash could be used by company only on delivery, hence speed of execution is important.
IFC is selling through OFS, its acquisition price being Rs 417 per share in 19-20 and IPO price being Rs 385 per share. Including 2 years of interest, IFC is exiting as big discount, it seems.
Pre IPO book value per share is Rs 4
As per shareholders listed as on date of RHP, 18% of pre-IPO shareholders seem to be from Public category while page 86 of RHP shows public shareholders at 21.64%. It means around 3.5% of shareholding with promoter family is classified as public which can be sold on listing day. Senior boarders may double check for errors, if any.
YoY around Rs 1000 cr increase in inventory as against Rs 650 cr increase in sales.
Horrible cash flow for 22-23, would be even worse except for Rs 200 cr increase in trade payables and Rs 413 cr increase in other current liabilities. Not sure if delaying payments to vendors for managing cash flow will be sustainable for long.
Company disclosed it had 963 employees as on 31-Mar-23. As per EPFO, there are 7 entities registered as Signature Global and they have deposted PF of around 400 employees for Aug-23.
Company booked Rs 33 cr as loss on account of derivative fair value reduction and Rs 26 cr as goodwill impairment charge. Loss on valuation of derivative fair value also happened in 21-22. Not sure what derivatives company is playing with and what risk management practice it has to limit such losses.
YoY, rates and taxes have doubled, commission & brokerage has gone up 3X, Donation and charity up 80%, software implementation charge up 2X, loss on foreign exchange fluctuation 3X.
Some of the directors have been involved with SMC global securities and related entities. Not sure if they are part of the same family. If it is, then it is a heady cocktail of securities trading, real estate and commodities.
Decent anchor book

​@YBPK thanks for sharing your valuable inputs. Really appreciate it. 🙏
Agree, the recent glut of IPOs is leaving very little for the new investors. Hope it ends with this month.

Nicely explain sir.. Hope this will help the applicants.. 🙏

Saheb, Allotment se nahi,
der se unblock hone se darr lagta he...🤣🤣

​@Jamnagar IPOholic Not decided yet..

​@Tejas Pandya Maybe you misinterpreted.🤓
​@Viraj. said that if funds get unblocked🔓 late, then it's hard to subscribe for future issues.📑

Gmp 25

​ Dear all IPO Mentors - are there any BHNI rates in Grey? I am not getting any from my broker in Ahmedabad.
Got 1800 rate for SHNI and 20/- S2

SAI 10+ 5600
JSW 10+ 6800
SIGNATURE 10+ 5000

Just curious to know

Why no one was interested to buy IRFC around 23-26 but now gung-ho to buy in range of 70-80?
Just wait and see how many OFS govt. is going to bring in this bull market.

Always stay away from retailers driven stocks which are over-owned by retailers because when retailers will press exit button there won't be sufficient absorber.

Classic cases: IRCTC & IEX.

Dears
Do you mean these railway stocks are over owned by retailers and best is over for them for at least short/mid term?

I had for 1 yrs 9 months, the day I sold stock at 27 next day it was above 30 I don't remember exactly.

It would have been more than 60k

OFF TOPIC
SJVN PSU OFS opens today for Non Retail 667 cr plus 667 cr Total 1334 cr worth of shares at floor price of 69 against yesterday closing of 82.
Tomorrow for Retail 134 cr worth of shares with green shoe option.
Comments are welcome

​@win Hope this helps-

https://sjvnindia.com/UploadFiles/TenderUploadedFile/15813/4%20ITB.pdf

Can i apply online

Hello,
since is market is on down trend and current ipos are not that attractive, Could i request all IPO Mentors and IPO Guru to suuggest some option in secondary market? I have some fund available and dont want to miss opportuniy. I am not good at analysis.

You can buy any of these shares PI Industries, Reliance, Asian Paints, Insecticides India, Pidilite, TCS, Infosys, HDFC Bank

buy on dips
IRFC, HCC, Arti drugs, UPL

मैं ना तो सादे पेपर पर Signature करूँगा और नाही Sai baba बनना है!
अभी मंदी बाजार में माल खरिदने के अनेक मौके हैं!
पसंद अपनी अपनी!
🤣😃😅

​@B.M.SURANA Ji thanks, bhot saral bhasha me apni raay de di 🙏. Koi accha share bata do, 1 saal holding k liye.

Aaj Listing hai Thakkur ki
कोरे कागज पर हस्ताक्षर!

All three lead manager when together , they can manage everything 😛

JUST NOW GOT THE RATE....

SIGNATURE 35 BUYERS!!

🚀🚀🚀🚀

EST App wise
Bhni 3-4 time
shni 11-13 time
Retail 4-5 time

Last tradable GMP was 33 - 35
QIB 35 - 40 x

This forum is not much active, please share your views guys. @Jetha Lal @newgen consultancy 🙏

​@Tindu Mindu Ji
I am avoiding signing for this.
Everything looks substandard in this company.

Thanks for your reply @Jetha Lal Ji. I really like your analysis.

What is the last day time limit for AU Bank ASBA??

Last time 03:30 pm

The biggest saving grace of this issue is P/BV of 0.8. The possibility of saving some interest cost by IPO proceeds and large orders in hand can turn the Company profitable in near future. It also has fairly long history of 23 years.

If QIB's (which are reserved 75%) can come tomorrow, the issue can be interesting for listing gains.

Good Overall subscriptions in the end, lets hope for the best..

Applied 4 retail and 2 shni applications...

Hi All, is there any bank where net banking login and IPO application can be done without asking for OTP on mobile?

Hdfc

PNB Also.

​@YBPK your views on Signature Global? Haven't seen your thorough post on it, and would love to get your inputs. Thanks

​@DHARMENDRA SHARMA Sir, I understand your pain, as most of us, who have substantial portfolio in SME stocks, have seen a significant hit in last few weeks. The current trend only favours listing gains or long term holders. Short to medium term holders may be affected the most. As I’m generally a long term holder, I’m holding all three stocks you mentioned as I believe in them at the price I got. You’ll have to take a decision per your comfort level.

If it gives any comfort..big bulk buy deal was done last month by Taparia family (who are into multiple businesses) in Shri Techtex at same price as yours.

​@DHARMENDRA SHARMA hope you like the bounce back in Techtex today :-)