Signature Global launches Rs 730 crore IPO on Wednesday; to use fund for debt reduction, business expansion

Realty firm Signature Global has launched its IPO to raise Rs 730 crore for debt reduction and business expansion. The IPO will close on September 22, with a price band of Rs 366-385 per share. The company has already raised Rs 318.5 crore from anchor investors, including Nomura. The proceeds will be used primarily for debt reduction and inorganic growth through land acquisitions.