By comparison, the S&P BSE Sensex was down 0.5 percent at 65,621.Signature Global was the largest real estate development company in Delhi NCR, in the affordable and lower mid-market housing, with a market share of 19 per cent. The company has strategically focused on the Middle Income Housing segment and the Affordable Housing segment through Government of India and state government policies. The state government of Haryana, according to Shivani Nyati, head of wealth, Swastika Investmart, is well received by investors and was subscribed 12.5 times. Ventura Securities said in a IPO note thatSignature Global has been reporting losses even if the projects are operating at profitable levels. Signature Global, although, turned profitable at the operating level in FY23. The management is hopeful of turning the business profitable over short to medium term. The company's business relies heavily on residential sales. The supply is under indexed vs the surging demand in the region where the company operates. Furthermore, the brand recognition earned through fast-paced execution with value offerings bodes well for future growth, said analysts at Indsec Securities and Finance.