Thursday, October 30, 2025

Signature Global raises Rs 875 crore from IFC to retire debt, buy land

Date:

Gurgaon-based Realty developer Signature Global has raised Rs 875 crore through a private placement of Non-Convertible Debentures (NCDs) to the International Finance Corporation (IFC), the lending arm of the World Bank.The firm has used over 50% of the fund in retiring the existing debt while the balance is used for acquiring land in Sohna in Gurugram.

The NCDs, which are assigned ‘A+’ stable ratings by Care Edge Ratings, have already been listed on BSE and is the first ever listed debt transaction of Signature Global.
Having a coupon rate of 11% , the tenure of the NCDs is for 3 years, 2 months and 30 days. The NCDs will mature on January 15, 2029.
“We have a strong launch pipeline for the second half of FY26 with Rs 12,000-13,000 crore worth launches spread across 7-8 million sq ft. This will help us achieve the guidance for the year. Most of the projects are self sustainable and we will not need additional funding,” said Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.


Signature Global is now focusing on developing environmentally sustainable projects and is fulfilling all the ESG requirements in future projects.“Wellness is now the theme of our projects where in addition to home and amenities, we will ensure wellness of residents as well. For this, we are tied up with various companies to track health and ensure mental and physical fitness,” Aggarwal said.A total of 19 projects by Signature Global are EDGE certified, which is among the highest in the entire real estate industry in the country. The company’s ESG commitments were also 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 Rs 10,290 crore in the previous fiscal and is targeting Rs 12,500 crore 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 to be developed over the next 2-3 years.

Signature Global holds a market share of 13% in the National Capital Region (NCR) and 20% share in Gurugram within the price range of Rs 2 crore to Rs 5 crore.

The firm reported a 386% year-on-year increase in profit after tax (PAT), reaching Rs 34 crore in Q1 FY26 compared to Rs 7 crore in Q1 FY25.

This growth was primarily driven by increased revenue recognition, which rose by 118% to Rs 870 crore from Rs 400 crore in the same quarter last year, owing to higher project completions. The company has cumulatively delivered 15.7 million sq. ft. of real estate development till Q1 FY26.

In line with its long-term growth strategy, SignatureGlobal acquired 9.96 acres of land in its key micro-market of Sohna during Q1 FY26. The land parcel offers a development potential of approximately 0.53 million sq. ft.

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