Signature World raises Rs 875 crore from IFC to retire debt, purchase land
The agency has used over 50% of the fund in retiring the prevailing debt whereas the steadiness is used for buying land in Sohna in Gurugram.
The NCDs, that are assigned ‘A+’ steady scores by Care Edge Rankings, have already been listed on BSE and is the primary ever listed debt transaction of Signature World.
Having a coupon fee 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’ve got a powerful launch pipeline for the second half of FY26 with Rs 12,000-13,000 crore value launches unfold throughout 7-8 million sq ft. It will assist us obtain the steering for the 12 months. Many of the tasks are self sustainable and we won’t want further funding,” mentioned Pradeep Aggarwal, Founder & Chairman, Signature World (India) Ltd.
Signature World is now specializing in growing environmentally sustainable tasks and is fulfilling all of the ESG necessities in future tasks.“Wellness is now the theme of our tasks the place along with dwelling and facilities, we are going to guarantee wellness of residents as nicely. For this, we’re tied up with numerous firms to trace well being and guarantee psychological and bodily health,” Aggarwal mentioned.A complete of 19 tasks by Signature World are EDGE licensed, which is among the many highest in your complete actual property business within the nation. The corporate’s ESG commitments have been additionally not too long ago recognised by the World Actual Property Sustainability Benchmark (GRESB), the place it scored 84 on its debut, putting the corporate among the many top-performing first-time contributors globally.
In FY 2024-25, the corporate ranked because the fifth-largest listed actual property developer primarily based on gross sales bookings. It achieved pre-sales of Rs 10,290 crore within the earlier fiscal and is focusing on Rs 12,500 crore within the present monetary 12 months.
As of Q1FY26, the corporate has a sturdy undertaking pipeline of 17.1 million sq. ft. of not too long ago launched tasks, and 9.2 million sq. ft. of ongoing tasks. The corporate has 24.5 million sq. ft. of forthcoming developments to be developed over the following 2-3 years.
Signature World holds a market share of 13% within the Nationwide Capital Area (NCR) and 20% share in Gurugram inside the worth vary of Rs 2 crore to Rs 5 crore.
The agency reported a 386% year-on-year improve in revenue after tax (PAT), reaching Rs 34 crore in Q1 FY26 in comparison with Rs 7 crore in Q1 FY25.
This development was primarily pushed by elevated income recognition, which rose by 118% to Rs 870 crore from Rs 400 crore in the identical quarter final 12 months, owing to increased undertaking completions. The corporate has cumulatively delivered 15.7 million sq. ft. of actual property improvement until Q1 FY26.
In keeping with its long-term development technique, SignatureGlobal acquired 9.96 acres of land in its key micro-market of Sohna throughout Q1 FY26. The land parcel provides a improvement potential of roughly 0.53 million sq. ft.
