Sigachi Industries IPO Date, GMP, Review, Price, Form, Subscription & Market Lot Details

Sigachi Industries IPO will hit the market on 1st November 2021 as per the RHP filled by the Sigachi Industries. Sigachi Industries IPO to raise around ₹125 crores via IPO that comprises fresh issue of 7,695,000 equity shares of ₹10 each.

 

Sigachi Industries is engaged in manufacturing of Microcrystalline Cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. The company manufactures MCC of various grades ranging from 15 microns to 250 microns and the major grades of MCC manufactured and marketed by the company are branded as HiCel and AceCel. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. The company has an in-house R&D division equipped with the necessary facilities to carry out all necessary trials to develop new molecules from concept to commissioning.

 

The company has received various quality certifications and operates 3 manufacturing units namely, Unit I situated at Hyderabad, and two manufacturing units, Unit II and Unit III situated at Jhagadia and Dahej, in Gujarat. As of March 31, 2021, company’s total MCC manufacturing capacity is 13,128 MTPA from three locations.

Check out Sigachi Industries Ltd IPO and GMP details.
 
 
Sigachi Industries IPO
 

Sigachi Industries IPO Date & Price Band:

IPO Opening Date Nov 01, 2021
IPO Closing Date Nov 02, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹161 to ₹163 per equity share
Market Lot 90 Shares
Min Order Quantity 90 Shares
Listing At BSE, NSE
Issue Size 7,695,000 Eq Shares of ₹10
(aggregating up to ₹125.43 Cr)
 

Sigachi Industries IPO Tentative Timetable

The Sigachi Industries IPO open date is 01 Nov 2021, and the close date is 03 Nov 2021. The issue may list on 15 Nov 2021.
 
IPO Open Date Nov 01, 2021
IPO Close Date Nov 01, 2021
Basis of Allotment Date Nov 10, 2021
Initiation of Refunds Nov 11, 2021
Credit of Shares to Demat Account Nov 12, 2021
IPO Listing Date Nov 15, 2021
 

Sigachi Industries IPO Market Lot:

The Sigachi Industries IPO minimum market lot is 90 shares with ₹14,670 application amount. The retail investors can apply up to 13 lots with 1170 shares or ₹190,710 amounts.
 
Minimum Lot Size: Minimum 90 Shares
Minimum Amount: ₹14,670
Maximum Lot Size: Maximum 1170 Shares
Maximum Amount: ₹190,710
 

Sigachi Industries Company Financial:

Particulars For the year/period ended (₹ in Millions)
  30-Jun-21 30-Jun-20 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,514.19 1,155.59 1,334.07 1,091.43 914.62
Total Revenue 551.22 448.16 1,960.10 1,439.49 1,328.77
Profit After Tax 89.89 60.59 302.60 203.15 190.12
 

Sigachi Industries Ltd IPO Reviews / Ratings

  • Updates Soon
 

Brokerage Firm IPO Reviews for Sigachi Industries Ltd IPO

  • ICICI Securities: Adding Soon
  • Motilal Oswal: Adding Soon
  • Capital Market: Adding Soon
  • Ventura Securities Limited: Adding Soon
  • KR Choksey: Adding Soon
  • AXIS Capital Ltd: Neutral
 
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Sigachi Industries IPO Form:

How to apply the Sigachi Industries IPO? You can apply for Sigachi Industries Ltd IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sigachi Industries IPO in the Invest section. The other option is you can apply to Sigachi Industries IPO via IPO forms download via NSE and BSE. Check out the Sigachi Industries LTD IPO forms – click NSE Forms & BSE Forms blank Sigachi Industries IPO forms download, fill, and submit in your bank or with your broker.
 

Sigachi Industries IPO Subscription Numbers (Day 1)

 
Category Day 1 Day 2 Day 3
QIB x x x
NII x x x
RII x x x
EMP x x x
OTH x x x
Total x x x

 

About Sigachi Industries

Sigachi IndustriesSigachi is an industry leader in the field of Pharma Excipients, Nutra and food ingredients. Sigachi was incorporated in the year 1989 and has rapidly established itself as one of the largest manufacturers of Micro-crystalline Cellulose worldwide. With three Multilocational Facilities in Telangana and Gujarat , Sigachi has ensured supply chain reliability for its customers spread across the Globe.

Sigachi’s facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. Sigachi has established itself as a quality conscious and dependable supplier in India and across Asia, Australia, American Continent, Europe and Middle East, delivering newer differentiated Products which addresses the unmet needs of the Market.

 

We are committed to continue meeting High Sustainability Standards – from the selection of raw materials to the use of environmentally friendly manufacturing processes. We have placed extensive KPI’s and checkpoints to meet above stated sustainability objectives at all levels. In our site: we adhere strictly to EXCiPACT GMP,  SGMP, HACCP and ISO 9001:2015 . The facility at Special Economic Zone, Dahej, Gujarat has been built as per USFDA and EDQM norms. Additionally, all facilities of Sigachi has CEP (Certificate of Suitability) from EDQM for MCC vide CEP 2014-097. Year on year, we have tried increasing green cover of our sites and optimize power requirements. All sites have inbuilt rainwater harvesting pits to recharge the earth water. Manure for plantations are all developed in-house from the Canteen waste. The Scrap generated also gets segregated based on it’s type i.e. Recyclable, land refill and scrapable.

 

Sigachi Industries Ltd IPO Objectives

The net proceed from the IPO will be utilized towards the following purposes;

1. Funding capital expenditure:

  1. for expansion of production capacity for MCC at Dahej, Gujarat 28.15 crores
  2. for expansion of production capacity for MCC at Jhagadia, Gujarat 29.24 crores
  3. funding capital expenditure to manufacture CCS at the Proposed Unit 32.29 crores

2. General corporate purposes

 

Sigachi Industries IPO Prospectus

 

Sigachi Industries Company Promoters:

  • Rabindra Prasad Sinha
  • Chidambarnathan Shanmuganathan
  • Amit Raj Sinha
  • RPS Projects & Developers Private Limited
 

Sigachi Industries Ltd IPO Registrar:

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

 

Sigachi Industries IPO Lead Managers:

  • Saffron Capital Advisors Private Limited
 

Sigachi Industries Company Address:

Sigachi Industries Limited
Registered Office: 229/1 & 90, 4th floor,
Kalyan’s Tulsiram Chambers,
Madinaguda, Hyderabad – 500 049
Telangana, India
Telephone: +91 040 4011 4874/75/76
Contact Person: Shreya Mitra
Company Secretary and Compliance Officer
E-mail: cs@sigachi.com
Website: www.sigachi.com

 

Sigachi Industries IPO FAQs


What is Sigachi Industries IPO?

Sigachi Industries IPO is a main-board IPO. They are going to raise ₹125 Crores via IPO. The issue is priced at ₹161 to ₹163 per equity share. The IPO to be listed on BSE & NSE.

When Sigachi Industries IPO will open?

The IPO is to open on 01 November 2021 for QIB, NII, and Retail Investors.

What is Sigachi Industries IPO Investors Portion?

The investors’ portion for QIB 50%, NII 15%, and Retail 35%.

How to Apply the Sigachi Industries IPO?

You can apply Sigachi Industries IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Sigachi Industries IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sigachi Industries Finance”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Sigachi Industries IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sigachi Industries Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

What is Sigachi Industries IPO Size?

Sigachi Industries IPO size is ₹125 crores. The IPO comprises 7,695,000 equity shares of fresh issue and offer for sale of – equity shares.

What is Sigachi Industries IPO Price Band?

Sigachi Industries IPO Price Band is ₹161 to ₹163 per equity share.

What is Sigachi Industries IPO Minimum and Maximum Lot Size?

The minimum bid is 90 shares with ₹14,670 amount while maximum bid is 1170 shares with ₹190,710.

What is Sigachi Industries IPO Allotment Date?

Sigachi Industries IPO allotment date is 10 November 2021.

What is Sigachi Industries IPO Listing Date?

Sigachi Industries IPO listing date is 15 November 2021. The IPO to list on BSE and NSE.

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