Signature Global Raises INR 8.75 billion via NCDs to Fund Mid-Income, Sustainable Housing Projects

Signature Global (India) Ltd., one of India's leading real estate developers, today announced that it has raised INR 8.75 billion through a private placement of NonConvertible Debentures (NCDs) to International Finance Corporation (IFC), a member of the World Bank Group.

Signature Global will utilise the proceeds to develop mid-income and sustainable housing projects. A portion will also be utilised to reduce existing debt.

The NCDs, assigned 'A+' stable ratings by CareEdge Ratings, have already been listed on BSE and mark the first-ever listed debt transaction of Signature Global, strengthening the company's capital market presence.

The tenure of the NCDs is 3 years, 2 months and 30 days. The NCDs will mature on January 15, 2029.

Throwing light on the maiden debt raising exercise, Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said, "Ever since our inception, we have focused on key pillars of customer satisfaction, delivery and transparency. The faith reposed in us by an institution of repute like IFC is a testimony to our approach and direction. We are indeed grateful to IFC for their confidence in Signature Global Group. As an environmentally conscious developer, Signature Global is committed to delivering high-quality, sustainable mid-income housing projects, and to implementing robust ESG standards across all future projects."

India's rapid urbanization presents an opportunity to increase critical access to quality housing. It is estimated that Tier 1 and Tier 2 cities alone will require 18 million additional units, with projections for a further 3 million needed between 2022 and 2027.

Commenting on the investment, Mr. Imad N. Fakhoury, IFC Regional Division Director for South Asia, said, "Housing is a fundamental pillar for India's progress, and expanding access is both an opportunity and an imperative for inclusive growth. Through IFC's investment in the Daxin project of Signature Global, a long-standing partner, we aim to deliver high-quality, mid-income homes for families who need them most. In addition to supporting job creation and market competitiveness, this partnership will also help advance the company's sustainability strategy. Together, we are contributing to stronger urban infrastructure and building resilient communities in India's fast-growing cities."

IFC will provide GRIP (Greening Real Estate Investment Portfolios) advisory support to improve and enhance the company's overall sustainability strategy, and will help reach EDGE (Excellence in Design for Greater Efficiencies) Advanced certification - supported by the European Union under the Accelerating Climate-Smart and Inclusive Infrastructure in South Asia program - for the Daxin project. With a total of 17 projects now EDGE certified, Signature Global ranks among the highest in India's real estate industry for green building commitments. The company's ESG commitments were recently recognised by the Global Real Estate Sustainability Benchmark (GRESB), where it scored 84 on its debut, placing the company among the top-performing first-time participants globally.

In FY 2024-25, the company ranked as the fifth-largest listed real estate developer based on sales bookings. It achieved pre-sales of INR 102.9 billion in the previous fiscal and is targeting INR 125 billion in the current financial year.

As of Q1FY26, the company has a robust project pipeline of 17.1 million sq. ft. of recently launched projects, and 9.2 million sq. ft. of ongoing projects. The company has 24.5 million sq. ft. of forthcoming developments slated for completion over the next 2-3 years.

Shares of Signatureglobal India Limited was last trading in BSE at Rs. 1086.15 as compared to the previous close of Rs. 1103.60. The total number of shares traded during the day was 18341 in over 892 trades.

The stock hit an intraday high of Rs. 1098.25 and intraday low of 1068.00. The net turnover during the day was Rs. 19954299.00.

Source : Equity Bulls

Keywords

SignatureglobalIndia Residential Commercial INE903U01023 FundRaising NCDs