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Signature Global made a strong debt on the stock market, with shares listed at a premium of over 15 per cent over its IPO price.

Signature Globals public issue opened for subscription on September 20 and closed on September 22.

Signatureglobal India IPO subscribed 2.65 times on day 3, so far. Retail portion subscribed 4.18 times, NII portion 5.81 times, QIB portion 65%.

Signature Globals ;public offer comprises fresh issuance of shares worth Rs 603 crore and an offer-for-sale (OFS) of Rs 127 crore.

The IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore, according to the draft red herring prospectus (DRHP) filed on Tuesday.

Sensex closes 372 points lower at 53,514 and Nifty loses 91 points to 15,966 in trade today . On Tuesday, equity markets fell for the second straight session, with Sensex and Nifty losing 1 per cent each amid a sell-off in global markets.

Signature Global is a major real estate development company in Delhi-NCR, focused on affordable and mid-segment housing. It commenced its operations in 2014 through its subsidiary Signature Builder.

Get latest articles and stories on Business at LatestLY. Real estate firm Signature Global (India) has filed its Draft Red Herring Prospectus with capital market regulator Securities and Exchange Board of India for an initial public offering (IPO) aggregating up to Rs 1,000 crore. Business News | Realty Firm Signature Global Files IPO Papers, Plans to Raise Rs 1,000 Cr.

HDFC Capital and International Finance Corporation are among the investors of the company.

Realty firm Signature Global (India) Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO).