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Signature Global Ltd has raised INR 875 crore through non-convertible debentures (NCDs) issued to the International Finance Corporation (IFC), the World Bank's lending arm. The Gurugram-based developer plans to utilize these funds for mid-income and ESG-aligned housing projects while also reducing existing debt. Following strong pre-sales in the previous fiscal year, the company targets INR 12,500 crore in sales bookings for FY26. Signature Global, which has delivered 15.7 million sq ft so far, continues to expand with a robust project pipeline across multiple segments.
Signature Global Ltd has secured INR 875 crore through the issue of non-convertible debentures (NCDs) to the International Finance Corporation (IFC), the lending arm of the World Bank. The funds are intended to finance the company's upcoming mid-income and ESG-aligned housing projects and to partially repay existing debt. Advertisement
According to Signature Global's Chairman, Pradeep Kumar Aggarwal, the fundraise marks a major step following the company's Initial Public Offering and subsequent listing on the stock exchanges. A recent approval by the debenture committee confirmed the allotment of 87,500 NCDs with a face value of INR 1 lakh each, aggregating to INR 875 crore on a private placement basis.
The NCDs carry a coupon rate of 11% and a tenure of three years, two months, and thirty days, with maturity set for January 15, 2029. The company aims to channel these funds strategically to support its expansion into mid-income housing while strengthening its financial stability through debt reduction.
In the last fiscal year, Signature Global achieved property sales worth INR 10,290 crore, positioning it as the fifth-largest listed real estate firm in India by sales bookings. However, during the first half of FY26, the company's sales bookings stood at INR 4,650 crore, reflecting a 21% decline compared to INR 5,900 crore in the corresponding period a year earlier.
Despite this dip, the company remains confident of meeting its annual guidance. Aggarwal stated that with a disciplined financial approach and a strong launch pipeline, Signature Global expects to sustain its growth momentum and meet performance targets across key operational parameters such as pre-sales, collections, and debt management.
The developer has so far delivered 15.7 million sq ft of real estate. Its development pipeline remains extensive, including 17.1 million sq ft of recently launched projects, 24.5 million sq ft of upcoming developments, and 9.2 million sq ft currently under construction. The company has set a sales target of INR 12,500 crore for FY26, driven by its upcoming project launches and growing demand for mid-income housing.
Source PTI
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