Signature Global Shares: Shares of real estate developer Signature Global were listed in the domestic market for about 15 months and the capital of IPO investors has currently increased by about 263 percent. In September last year, when it was at a record high level, IPO investors were in profit of more than 327%. It is currently 15 percent below the record high and according to market analysts, this decline should be seen as an investment opportunity. It can rise by more than 43 percent from the current level. On Friday, it closed on BSE at a price of Rs 1397.35 (Signature Global Share Price).
Signature Global’s share will go up to ₹2000
According to domestic brokerage firm Motilal Oswal, Signature Global is in a strong position to capitalize on the strong demand in the real estate sector. Its project pipeline is quite strong and stands at 2.43 crore sq ft. In the financial year 2024-27, its pre-sales can grow at a compound growth rate (CAGR) of 35 percent annually and the company can raise Rs 28.5 thousand crore.
The company is now entering the affordable to mid/mid-premium segment which is expected to generate cumulative operating cash flow of Rs 95 thousand crore. Due to this, the company can become net cash positive and it will be able to reinvest in land for further growth. Considering all these things, the brokerage firm in its report dated January 1, 2025 has again given it a buy rating with a target price of Rs 2,000.
IPO investors’ money increased more than three times
Signature Global shares were issued at a price of Rs 385 and were listed in the domestic market on 27 September 2023. Talking about the movement of shares in one year, last year on January 4, 2024, it was at one year low of Rs 955.55. From this level, it jumped by more than 72 percent in about 9 months and reached a record high of Rs 1645.85 on September 26, 2024, that is, IPO investors made more than 327 percent profit. However, the rise in shares stopped and currently it has fallen 15 percent from this high and IPO investors are still in profit of about 263 percent.
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