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Sigachi Industries IPO

IPO Status: Closed [1st Nov 2021 to 3rd Nov 2021]

Rated 4.5 stars Rated 4.5/5 by Team TopShareBrokers
Sigachi Industries IPO Detail

Sigachi Industries IPO worth issue size of Rs. 125.43 Cr opens for subscription from 1 Nov to 3 November 2021. The face value per share is Rs. 10 and the IPO price is fixed at Rs. 161-163 per share. One can apply for the bid lot of 90 shares and it's multiple. Get the complete Sigachi Industries IPO Review including business glance, financials, tentative timeline, and more.

Sigachi Industries IPO Details

IPO Issue Opening Date: 1st Nov 2021
IPO Issue Closing Date: 3rd Nov 2021
IPO Issue Price: ₹161-163
IPO Listing At: BSE, NSE
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹125.43 Cr
Fresh Issue: 76,95,000 shares at ₹161-163 per share [Aggregating upto ₹125.43 Cr]
Face Value: ₹10 Per Equity Share
IPO Discount: NA
Market Lot: 90 Shares
Min Retail Qty: 90 shares(1 lot)
Max Retail Qty: 1170 shares(13 lots)
Promoter Holding Pre IPO: 64.64%
Promoter Holding Post IPO: TBD
Retail Quota: 50%
BSE Code: 543389
NSE Code: SIGACHI
IPO Live GMP IPO Live GMP

Sigachi Industries IPO Important Dates

In this section we have covered all important dates related to Sigachi Industries IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Sigachi Industries IPO important dates
IPO Activity Date
IPO Issue Open 1st Nov 2021
IPO Issue Close 3rd Nov 2021
Basis of Allotment Finalisation Date* 10th Nov 2021
Refunds Initiation* 11th Nov 2021
Credit of Shares to Demat Account* 12th Nov 2021
IPO Listing Date* 15th Nov 2021

* - Tentative Dates

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About Company - Sigachi Industries

Sigachi Industries Limited is engaged in the manufacturing of chlorinated paraffin and hydrochloric acid. It is one of the leading manufacturers of microcrystalline cellulose (MCC) in India which is used as finished dosages in the pharmaceutical industry. The company manufactures 59 different grades of MCC at its manufacturing facility in Hyderabad and Gujarat with an aggregate installed capacity of 11,880 MTPY.

The business operates 3 manufacturing facilities, Unit I at Hyderabad and 2 manufacturing units at Jhagadia and Dahej in Gujarat. The MCC grades are utilized in different industries i.e. food, pharmaceutical, nutraceuticals, cosmetics, etc.

Incorporation Sector IPO Issue Size Website
1989 pharmaceutical ₹125.43 Cr http://www.sigachi.com/

Sigachi Industries IPO Objective

  1. To fund capital expenditures to expand the production capacity of microcrystalline cellulose at Dahej, Gujarat.
  2. To expand the production capacity of microcrystalline cellulose at Jhagadia, Gujarat.
  3. To manufacture Croscarmellose Sodium (CCS), a modified cellulose used as a excipient at Kurnool, Andhra Pradesh.
  4. Meet general corporate purposes.

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Sigachi Industries IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,539,000 Shares
  • Non-Institutional Investors: 1,154,250 Shares
  • Retail Individual Investor: 2,693,250 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered1,539,000 (28.57%)1,154,250 (21.43%)2,693,250 (50%)5,386,500
11st Nov 2021 17:020.57x4.44x16.81x9.52x
22nd Nov 2021 17:020.82x16.99x38.49x23.12x
33rd Nov 2021 17:0286.51x172.43x80.49x101.91x

Sigachi Industries Financials for past 3 Years

Past performance and financial results of Sigachi Industries.

Sigachi Industries financial
Sigachi Industries Financials (₹ in Lacs) 30-Jun-2021 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹15,141.99 ₹13,340.73 ₹10,914.39 ₹9,146.25
Total Income ₹5,512.24 ₹19,601.05 ₹14,394.90 ₹13,287.77
Net Profit/Loss ₹898.97 ₹3,026.03 ₹2,031.55 ₹1,901.27

Sigachi Industries IPO Strengths

  • One of the leading manufacturers of MCC (cellulose-based excipient) in India.
  • Strong PAN India network and international market presence.
  • Well experienced management team with proven project management.
  • Comprehensive product portfolio to serve diverse end-use applications.
  • Presence across diversified industry verticals and long-standing customer relationships.

Sigachi Industries IPO Threats/Weaknesses

  • A significant portion of revenue is derived from demand in the pharmaceutical industry.
  • Significant revenue dependency over a few customers, thus, loss of top customers can affect your revenues adversely.
  • Risks associated with the proposed expansion of existing manufacturing facilities.

Sigachi Industries IPO DRHP >>Document

Sigachi Industries IPO RHP >>Document

Sigachi Industries IPO Allotment Status >>Link

Company Address

Sigachi Industries Limited
229/1 & 90, Kalyan’s Tulsiram Chambers, Madinaguda,
Hyderabad,Telangana-500 049
India
Website: http://www.sigachi.com/
Phone: +91 040 4011 4874/75/76
Email: http://www.sigachi.com/

Sigachi Industries IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Website: http://www.bigshareonline.com
Phone: +91-22-6263 8200
Email: [email protected]

Sigachi Industries IPO Lead Manager

  1. Unistone Capital Pvt Ltd
Sigachi Industries IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Sigachi Industries? Should I apply in Sigachi Industries IPO?

Last Updated on 2021-11-30T10:01:09+00:00


User Reviews

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5. kajol majumder Oct 26 2021 05:59:29 AM Reply
Sigachi Industries IPO expected listing gain.
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4. Robin Kaushik  Oct 26 2021 05:59:29 AM Reply
Please confirm Sigachi Industries IPO GMP (grey market premium) and kostak.
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3. Prabir Kumar Banerjee Oct 26 2021 05:59:29 AM Reply
Sigachi Industries IPO good or bad.
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2. Sivan sir Poranthanal Oct 26 2021 05:59:29 AM Reply
Sigachi Industries IPO whether to invest or not.
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1. Nirav Thakor Oct 26 2021 05:59:29 AM Reply
Sigachi Industries IPO - CRISIL Rating, Apply or not?.