Signatureglobal India IPO Basis of Allotment

Our Company was originally incorporated as a private limited company under the Companies Act 1956, in tie name of Ridtsha Marketing Private Limited" and was granted a certificate of incorporation dated March 28, 2000, by the Registrar of Companies. National Capital Territory of Delhi and Haryana at New Dehli ("RoC"). The name of our Company was changed to Signature global (India) Private Limited' pursuant to a special resolution passed by our Shareholders on January 6, 2014. and a fresh certificate of incorporation pursuant to change of name dated January 20.2014. was issued by the RoC. Our Company was converted from a private Iimited company to a pubic limited company pursuant to a special resolution passed by our Shareholders on February 14, 2022. and the name of our Company was changed to "Signature global (India) Limited". Afresh certificate of incorporation dated March 10. 2022. consequent upon change of name and upon conversion to a pubic limited company was granted by toe RoC. For further details on the changes in the name of our Company, please see the section entitled "History and Certain Corporate Matters' on page 215 of toe Prospectus.

INITIAL PUBLIC OFFER OF 18,961,038 EQUITY SHARES OF FACE VALUE OF Rs. 1 EACH ("EQUITY SHARES") OF SIGNATUREGLOBAL (INDIA) LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF *385 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 384 PER EQUITY SHARE) AGGREGATING TO Rs. 7,300.00 MILLION (THE "OFFER") COMPRISING A FRESH ISSUE OF 15,662,337 EQUITY SHARES AGGREGATING TO Rs. 6,030.00 MILLION BY OUR COMPANY ("FRESH ISSUE") AND AN OFFER FOR SALE OF 3,298,701 EQUITY SHARES AGGREGATING TO Rs. 1,270.00 MILLION BY THE INTERNATIONAL FINANACE CORPORATION, AS THE SELLING SHAREHOLDER (THE "OFFERED SHARES"). THE OFFER SHALL CONSTITUTE 13.49% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE OFFER PRICE IS Rs. 385 PER EQUITY SHARE AND IS 385 TIMES THE FACE VALUE OF THE EQUITY SHARES

1. We have incurred net loss and negative Net Worth in the past, and we may not be able to achieve or maintain profitability in the future. Our debt / equity as of March 31,2023 was 35.97:1. Further, two of our Subsidiaries had instances of defautts/delay in the payment of certain statutory dues with respect to non-payment of labour cess which were outstanding as on March 31, 2023. The table below provides details of the losses after tax incurred by us and our negative Net Worth in the relevant periods:

2. We are dependent on our revenue from sale of real estate properties generated from Affordable Housing Policy, 2013, issued by the Town and Country Planning Department, Haryana Government ("AHP") and the Affordable Plotted Housing Policy for Low and Medium Potential Towns or the Deen Dayal Jan Awas Yojana ("DDJAY-APHP"). The withdrawal of certain benefits under the AHP and the DDJAY-APHP, may adversely affect our business, prospects and results of operations.

The following table sets forth our revenue from sale of real estate properties generated from AHP and DDJAY-APHP, including as a percentage of revenue from operations for the periods indicated:

3. Our business and profitability are significantly dependent on the performance of the real estate market in the Delhi- NCR region, generally, and particularly in Gurugram and Sohna micromarkets in Haryana. Fluctuations in market conditions may affect our ability to sell our projects at expected prices, which may adversely affect our revenues and earnings.

4. A portion of the Net Proceeds may be utilized for repayment or pre-payment of loans availed by our Company from ICICI Bank Limited, which is an affiliate of ICICI Securities Limited, one of the BRLMs. As of June 30, 2023, the outstanding amount from various borrowings availed by our Company from ICICI Bank Limited amounted to Rs. 892.92 million and the maximum amount of borrowings which are proposed to be repaid or prepaid, in full, represents 33.82% of the estimated amount from the Net Proceeds towards re-payment or prepayment of borrowings availed by our Company.

5. Our market capitalization to revenue from operations (Fiscal 2023) multiple is 3.48 times at the upper end of the Price Band. The Offer Price, price to revenue from operations and market capitalization to revenue multiple based on the Offer Price of our Company, may not be indicative of the market price of the Company on listing or thereafter.

6. Our Company will not receive the entire proceeds from the Offer. One of our Shareholder is selling Equity Shares in the Offer and will receive proceeds as part of the Offer for Sale.

The weighted average cost of acquisition for all Equity Shares acquired in one year, 18 months and three years preceding the date of the Prospectus by all the Shareholders is set forth below:

8. Weighted average cost of acquisition, floor price and cap price

WACA- Weighted average cost of acquisition. | "As certified by ARAJ & Associates LLP. Chartered Accountants, by way of certificate dated September 23. 2023.

9. Since basic and diluted EPS for Financial Year 2023 on Restated Consolidated Financial Information of the Company is negative, P/E will not be ascertainable. P/E ratio of the average industry peer group is 62.77.

10. Weighted Average Return on Net Worth for Fiscals 2023,2022 & 2021 is negative, hence considered N.A.

11. The three Book Running Lead Managers associated with the Offer have handled 93 public issues in the past three fiscal years out of which 31 issues closed below the issue price on listing date:

This Offer was made in terms of Rule 19(2)(b) of tie Securities Contracts (Registration) Rules, 1957, as amended fSCRR') read with Regulation 31 of tie Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations") . The Offer was made in accordance with Registration 6(2) of tie SEBI ICDR Regulations and through a book building process where in not less than 75% of the Offer was allotted on a proportionate basis to Qualified Institutional Buyers ('QIBs', and such porton, the 'QIB Portion'). Our Company in consultation with Book Running Lead Managers, allocated 8,272,700 Equity Shares to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), out of which at least one-third was reserved for allocation to domestic Mutual Funds only, subject to valid Bids received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with tie SEBI ICDR Registrations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares was added to the Net QIB Portion (defined hereinafter). However, if the aggregate demand tom Mutual Funds was less than 5% of he Net QIB Portion, the balance Equity Shares available for allocation was added to he remaining QIB Portion for proportionate allocation to QIBs. Further. 5% of the Net QIB Portion was available for allocation a proportionate basis to Mutual Funds only, and the reminder of he QIB Portion was made available for allocation on proportionate basis to al QIB Bidders other than Anchor Investors, deluding Mutual Funds, subject to valid Bids being received at or above he Offer Price. Further, not more than 15% of the Offer was made available for allocation on a proportionate bass to Non-institutional Bidders, of which (a) one-third of such portion was re served for applicants with application size of more than 200,000 and up to 1,000,000; and (b) two-third of such portion was reserved for applicants with application size of more than 1,000,000, provided that he unsubscribe portion in either of such sub-categories could be allocated to applicants in the other sub-category of Non-Institutional Bidders and not less than 10% of the Offer was made available for allocation to Retail to individual Bidders ; RIB's') in accordance with SEBI ICDR Regulations, subject to valid Bids berg received at or above he Offer Price. Al potential Bidders, other than Anchor Investors, were required to mandate only utilize he Application Supported by Blocked Amount ('ASBA') process by pr owing details of he* respective bank account (inducing UPI ID (defined here in after) in case of UPI Bidders (defined hereinafter)) in which he corresponding Bid Amounts was blocked by the SCSBs, or under the UPI Mechanism, as applicable to participate in he Offer. Anchor Investors were not permitted to participate in the Another Investor Portion through the ASBA process. For details, please see tie section entitled "Offer Procedure' on page 492 of he Prospectus.

The bid ring for Anchor Investors opened and dosed on Monday, 18 September. 2023. The Company received 20appfecabons tom 17 Anchor Investors for 89,48,164 Equity Shares. The Anchor Investor Offer Price was finalized at 385 per Equity Share .A total of 82,72,700 Equity Shares were allocated under the Anchor Investor Portion aggregating to 3,18.49 89.500.00.

The Offer received 3,38,625 banked applications for 14,26,56,636 Equity Shares (inducing applicators from Anchor Investors and prior to rejecters) resting in 7.52 times subscription. The details of the banked applications received in the Offer tom various categories Inducing Anchor Investors) are as under (before rejections):

Final Demand

Asummary of the final demand as per BSE and N SE as on the Bid'Offer Closng Date at different Bid prices is as under:

The Basts of Allotment was finalized n consultation with fhe Designated Stock Exchange, being NSE on September 25.2023

A. Allotment to Retail Individual Investors (after rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Investors, who have bid at the Cut-Off Price or at the Offer Price of ? 385 per Equity Share, was finalized n consultation with NSE. This category has been subscribed to the extent of 6.97 times (after rejections). The total number of Equity Shares Allotted n Retail Portion is 18,96.103 Equity Shares to 49.897 successful applicants. The category-wise details of the Basis of Allotment are as under:

C. Allotment to Non-institutional Investors (More than Rs. 1.00 million) (after rejections)

The Basis of Allotment to tie Non-Institutional Investors (More than Rs. 1.00 miion), who have bid at the Offer Price of? 385 Equity Share was finished in consultation with the NSE. The sub-category of the Non- institutional Portion composing Non-institutional Investors Bidding above Rs. 1.00 miion has been subscribed to the extent of 1658 times (after rejections). The total number of Equrty Shares Alotted in fits category is 18,96.103 Equity Shares to 3564 success applicants Non-Institutional Investors. The category-wise details of the Basis of Allotment are as under (Sample):

D. Allotment to QIBs (Excluding Anchor Investors) (after rejections)

Alotment to QIBs (excluding Anchor Investors), who have Bid at the Offer Pnce of ? 385 per Equrty Share has been done on a proportionate basis in consultation with NSE. This category has been subscnbed to the extent of 13.29 times of Net QIB Portion. As pertheSEBI ICDR Regdatons, Mutoal Funds were Alotted 5% of the Equrty Sharesof Net QIB Portion avaiaUe i.e. 297,404 Equrty SharesandolherQIBs inducing Mutoal Funds were Alotted toe remanng available Equrty Shares ie. 5,650,676 Equrty Shares on a proportionate basis. The total number of Equity Shares Alotted n the Net QIB Portion is 59,48,080 Equrty Shares, which were alotted to 38 successful atotlees. The category-wise detais of the Basts of Alotment are as under:

E. Allotment to Anchor Investors

The Company and the Investor Seing Shareholders, n consultation with the BRLMs has alotted 82,72,700 Equity Shares to 16 Anchor Investors (odudng 3 domestic Mutual Funds through 5 Mutual Fund schemes). 20 Anchor Investors Appfccaton Forms at Ihe Anchor Investor Offer Pnce of ? 385 per Equrty Share in accordance with Ihe SEBI ICDR Regulations.

The IPO Committee of our Company in its meetng held on September 26, 2023 has taken on record the Basts of Alotmentof Equity Shares approved by the Designated Slock Exchange, befog NSE and atotted the Equity Shares to various successfd Bidders. The Alotment Advice-cum-Unbloclung ntimatons have been dispatched to the emai id or address of the nvestors as registered with Ihe depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds. Iransfer to Pubkc Offer Account have been issued on September 25, 2023 and payments to non-Syndcate brokers have been issued on September 25, 2023. In case the same is not received wrihn ten days, investors may contact the Registrar to the Offer at tie address given below. The Equity Shares Alotted to tie successful Allottees have been uploaded on September 26, 2023 for credit into the respective beneficiary accounts subject to vakdation of the account details with tie depositories concerned. The Company filed the Ltstng appbcattonwith NSE and BSE on September 26.2023. The Company has received I tslng and tradrg approval from NSE and BSE and the tadng wi commence on September 27, 2023.

Note: All capitalised terms used and notspeaficaly defined herein shal have tie same meaning as ascribed to them in tie Prospecfos.

The details of the Allotment made wil be hosted on tie website of the Registrar to tie Offer, Link Intme India Private Lnvted at www.linkintime.co.in

Al future correspondence n this regard may kmdy be addressed to the Registrar to tie Offer quotng fii name of the Frst/Sole Bidder, Bid cum Appbcaton Form number, Bidder DP ID, Ckent ID. PAN. date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares appbed for, the name and address of the Designated Intermediary where tie Bid cum Appkcation Form was submitted by the Bidder and a copy of tie Acknowledgment Skp receded from the Designated Intermediary at the address given below:

Link Intime India Private Limited
C-101,1" Floor. 247 Park. L.B.S. Marg.
Vikroli (West). Mumbai 400 083. Maharashtra. India Tel: +91 810 811 4949/+91 2249186200:
E-mail: signaratureglobal.ipo@linkintime.co.in Investor grievance e-mail: signatureglobal.ipo@linkintime.co.in: Website: www.linkintime.co.in Contact person: Shanti Gopalkrishnan;
SEBI Registration No: INR000334Q58
	For on behalf of Signature global (India) Limited
	Sd/-
Place: New Delhi	Meghraj Bothra
Date: September 26. 2023	Company Secretary and Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SIGNATUREGLOBAL (INDIA) LIMITED.

SIGNATUREGLOBAL(INDIA) LIMITED aproposng.subjecttoreceiptofrequisiteapprovals.marketconditonsandotierconsderations.tomakeaninitalpublcofferingofils equity shares ("Offer") and has filled a Prospectus with the Registrar of Companies. National Capital Territory of Delhi and Haryana at NewDelhi ("RoC"). The Prospectus shal be avaiable on the website of the SE Bl at www.sebi.gov.in, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com and the respective websites of the book running lead managers to the Offer, ICICI Securities Limited at www.icicisecurities.com, Axis Capital Limited at www.axiscapital.co.in and Kotak Mahindra Capital Company Limiled at https://linvestmentbank.kotak.com. Investors should note that investment in equity shares  a high degree of risk. For details. potential investors should refer to the Prospectus fled with the RoC. including tie section titled "Risk Factors" on page 29 of tie Prospectus. Potential investors should not rely on tie Draft Red Herring Prospectus ("DRHP") read with the addendum to DRHP dated August 10.2023.

The Equity Shares have not been and wl not be registered under the U.S. Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws in tie United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to. the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in offshore transactions' in reliance on Regulation Sand tie applicable laws of each jurisdictions where such offers and sales are made. There will be no public offering of the Equity Shares in the United States.