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Sigachi Industries Limited IPO (Sigachi Industries IPO) Detail

November 1, 2021 - November 3, 2021

Sigachi Industries IPO is a book built issue of Rs 125.43 crores.

Sigachi Industries IPO bidding started from November 1, 2021 and ended on November 3, 2021. The allotment for Sigachi Industries IPO was finalized on Wednesday, November 10, 2021. The shares got listed on BSE, NSE on November 15, 2021.

Sigachi Industries IPO price band is set at ₹161 to ₹163 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹14,670.

Unistone Capital Pvt Ltd is the book running lead manager of the Sigachi Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Sigachi Industries IPO RHP for detailed information.

Sigachi Industries IPO Details

IPO Date November 1, 2021 to November 3, 2021
Listing Date November 15, 2021
Face Value ₹10 per share
Price Band ₹161 to ₹163 per share
Lot Size 90 Shares
Total Issue Size7,695,000 shares
(aggregating up to ₹125.43 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Sigachi Industries IPO Reservation

Sigachi Industries IPO offers 5,386,500 shares. 1,539,000 (28.57%) to QIB, 1,154,250 (21.43%) to NII, 2,693,250 (50.00%) to RII. 29,925 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 1,260 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,539,000 (28.57%)NA
NII (HNI) Shares Offered1,154,250 (21.43%)
Retail Shares Offered2,693,250 (50.00%)29,925
Total Shares Offered5,386,500 (100%)

Sigachi Industries IPO Timeline (Tentative Schedule)

Sigachi Industries IPO opens on November 1, 2021, and closes on November 3, 2021.

IPO Open Date Monday, November 1, 2021
IPO Close Date Wednesday, November 3, 2021
Basis of Allotment Wednesday, November 10, 2021
Initiation of Refunds Thursday, November 11, 2021
Credit of Shares to Demat Friday, November 12, 2021
Listing Date Monday, November 15, 2021
Cut-off time for UPI mandate confirmation 5 PM on November 3, 2021

Sigachi Industries IPO Lot Size

Investors can bid for a minimum of 90 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 90 ₹14,670
Retail (Max) 13 1170 ₹190,710
Lot Size Calculator

Sigachi Industries IPO Promoter Holding

Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers Private Limited are the company promoters.

Share Holding Pre Issue 65%
Share Holding Post Issue 48%

About Sigachi Industries Limited

Incorporated in 1989, 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.

Competitive Strengths:

  • One of the leading manufacturers of MCC in India.
  • Long-standing market presence in Pan India and Internationally.
  • Experienced management team.
  • Wide product portfolio and ability to serve diverse end-use applications.
  • Long-term relationships with customers in diverse industry verticals
  • Investments and a strong focus on R&D.
  • Quality assurance and quality control in products and facilities.
  • Strategically located, multi-locational manufacturing facilities.
  • Government incentives

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue (Sigachi Industries 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 Review (Apply)

[Dilip Davda]  The company has been faring well and paying dividends. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. Investors may consider an investment with a medium to long term perspective. Read detail review...

Sigachi Industries IPO Subscription Status (Bidding Detail)

The Sigachi Industries IPO is subscribed 101.91 times on November 3, 2021 5:00:00 PM. The public issue subscribed 80.49 times in the retail category, 86.51 times in the QIB category, and 172.43 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Sigachi Industries IPO Prospectus

Sigachi Industries IPO Rating

Rating:Rated 4.2 stars
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Sigachi Industries IPO Listing Details

Listing Date November 15, 2021
BSE Script Code 543389
Final Issue Price ₹163 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Sigachi Industries Limited Contact Details

Sigachi Industries Limited
229/1 & 90, Kalyan’s Tulsiram Chambers,
Madinaguda, Hyderabad- 500 049,
Telangana, India
Phone: +91 040 4011 4874

Sigachi Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Sigachi Industries IPO - Buy or Not

Sigachi Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 3 1 0
Members 0 0 0

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Sigachi Industries IPO FAQs

Sigachi Industries IPO is a main-board IPO of 7,695,000 equity shares of the face value of ₹10 aggregating up to ₹125.43 Crores. The issue is priced at ₹161 to ₹163 per share. The minimum order quantity is 90 Shares.

The IPO opens on November 1, 2021, and closes on November 3, 2021.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sigachi Industries IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sigachi Industries IPO opens on November 1, 2021 and closes on November 3, 2021.

Sigachi Industries IPO lot size is 90 Shares, and the minimum amount required is ₹14,670.

You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sigachi Industries IPO will be done on Wednesday, November 10, 2021, and the allotted shares will be credited to your demat account by Friday, November 12, 2021. Check the Sigachi Industries IPO allotment status.

The Sigachi Industries IPO listing date is on November 15, 2021.
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Sigachi Industries IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



363. B.K. Singhania |   Link |  Bookmark |December 10, 2021 11:34:25 AM
spark of this share is over wait for quarterly reasults now....
362. Irs |   Link |  Bookmark |November 29, 2021 3:42:24 PM
Is circuit limit is change from tomorrow???
361. Kuppusamy |   Link |  Bookmark |November 25, 2021 2:17:13 PM
Ipo open period can be reduced to 2 days Minimum amount to 25000
360. krupa |   Link |  Bookmark |November 25, 2021 8:45:36 AM (800+ Posts, 500+ Likes)
Sigachi ke operator ne uc me kal mal de diya
Fully operator drive company
359. All Time High |   Link |  Bookmark |November 24, 2021 10:14:36 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
No interest seen for buying, though in green!
359.1. mvsmr |   Link |  Bookmark |November 24, 2021 10:57:08 AM
It is at UC now.
358. Irs |   Link |  Bookmark |November 23, 2021 8:41:33 PM
Guys I read some where that results is on 25 November. Is it right
358.1. Vinay Agravat |   Link |  Bookmark |November 23, 2021 8:55:51 PM
@Irs where you read please explain any sources or websites name thanks
357. ipogroup |   Link |  Bookmark |November 23, 2021 4:22:42 PM
is it good for long term?
356. ipogroup |   Link |  Bookmark |November 23, 2021 4:21:00 PM
can i keep it for long term.?
355. milgayasigachire |   Link |  Bookmark |November 23, 2021 11:20:40 AM
My guess for Sigachi -> Its GMP indicated price of 400. It opened on 570. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing.

Expecting lower circuit to open in 400 zone. Then there will be upper circuits.

But the trick is that in 2-3 upper circuits, I will sell and exit at around 450-500. Because again it may hit lower circuits.
355.1. Cautious ipo |   Link |  Bookmark |November 23, 2021 4:10:52 PM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
It was Not fraud pricing...sigachi benefited by prevailing latent gmp hypes of during ipo, which was expected listing at over 600 as gmp was upto 400 till or before paytm may say sigachi did latent listing and latent did what sigachi would have expected to do.had sigachi listed today then it could have been at near 350... IMO
354. manojIPO |   Link |  Bookmark |November 22, 2021 9:52:12 PM (300+ Posts)
Should be back to UC within 2-3 days :-) fingers crossed let''s see
353. Allan |   Link |  Bookmark |November 22, 2021 10:09:08 AM (200+ Posts)
All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy.

my million dollar Q , is this a good buy now or wait for further fall ? Ive been allotted one lot in IPO and want to add some more further as i like the business its into
353.1. ipobull |   Link |  Bookmark |November 22, 2021 1:35:27 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits.
353.2. Allan |   Link |  Bookmark |November 22, 2021 1:40:21 PM (200+ Posts)
Thanks will observe it..... Promoters have picked up 10k shares at 600 levels so they seem to believe there is a bounce back soon
352. Irs |   Link |  Bookmark |November 22, 2021 7:28:40 AM
Promoter bought 10000 share @ 604 .
352.2. Allan |   Link |  Bookmark |November 22, 2021 12:00:53 PM (200+ Posts)
Yes i figured it out...ur rt
352.3. NeoLongus |   Link |  Bookmark |November 22, 2021 12:34:02 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)

10K shares bought at 603 by 2 directors on the same 45-50x forward PE.
351. LV |   Link |  Bookmark |November 15, 2021 3:43:42 PM
Hi @lokes,
Need your suggestion please. Was luck so far in any IPO applying in retail category, tried to buy Sigachi in pre-open session as bids were showing 490+, but no luck as buy the time i make changes to my order it had reached UC 598. Now, can i try to buy this share tomorrow or wait and apply for Latentview in pre-open for short term i.e, for a month or so. I welcome other''s suggestion too if anybody could. Thank you
351.3. LV |   Link |  Bookmark |November 18, 2021 7:54:37 PM
@lokes, thank you so much for your suggestion, your view was right. Now Sigachi is going in LC, I did not buy when it was 600+. Sad part, Latent was not allotted 0/1 in retail. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. I had no hopes either so was not that disappointed. Thanks for your suggestion once again @lokes.
351.4. IPO Mitr |   Link |  Bookmark |November 19, 2021 10:28:48 AM
At least for next few trading days, the only way to transact in Sigachi shares will be

SELL at UC & BUY at LC.

which is exactly opposite to the way human greed and fear works

Each one us need to take our own call based on this reality. All the best.

350. RONNE LEWIS |   Link |  Bookmark |November 22, 2021 9:32:47 AM
Sigachi below listing price now.How long the lc will continue?Will it go near the upper bid price of ipo?Thought it will be like paras but do not think that will happen now.What should be the strategy if Latent is not allotted,pre market buying on listing day or wait a bit?
349. Adp |   Link |  Bookmark |November 22, 2021 9:16:11 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Sell sell only sell
348. Krishnaji |   Link |  Bookmark |November 21, 2021 11:29:24 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
After a record breaking ipo debut, Found an interesting and worth reading Finshots article on What is Sigachi Industries and what does it do-
Hope it helps understanding the company more for the long term player-

347. Cautious ipo |   Link |  Bookmark |November 18, 2021 8:25:26 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
10 lakh sellers...volume dropped
347.4. ROCKYBHAI |   Link |  Bookmark |November 18, 2021 3:08:21 PM
Don''t worry you are not the only one. Selling at 9 am is also a lottery now, I also placed my sell order at 9 am but not even 1 share got sold :(

Lets keep trying selling everyday until it reaches the IPO price of 163 and some QIB buys it again.

All the Best
347.5. snipperRaj |   Link |  Bookmark |November 18, 2021 5:12:50 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
I think it will turn around at 500 level and shudnt go below than that. Its very less stock float. Many would like to buy at 450-500 levels..
Below 400 it appears 200% impossible to me..
346. krupa |   Link |  Bookmark |November 18, 2021 9:18:21 AM (800+ Posts, 500+ Likes)
Settle @ 380-400 rs after sometime
346.1. ROCKYBHAI |   Link |  Bookmark |November 18, 2021 10:15:38 AM
It can go anywhere now, looking at the selling pressure seems more LC, until someone is willing to buy 12 lac shares to break the Lower Circuit and turn into a Upper Circuit
345. MarketLearner |   Link |  Bookmark |November 16, 2021 5:41:25 PM
Dear members and HNIs,
I bought few shares in pre-open in Sigachi. Can you please suggest whether I should sell tomorrow or wait? Will it continue like Paras? Isn''t Sigachi already overvalued yet?
345.7. lokes |   Link |  Bookmark |November 18, 2021 10:02:25 AM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
@arif: you can place your sell order but its already too late, it wont be executed for today, you should have placed at 9am exactly or even before as AMO.
if your view was for short term then it was better to book loss and get out else you may need to stuck here for long time to get your price back....some months at was already risky actually to buy at such huge price.
market is also not supporting now.
345.8. arif |   Link |  Bookmark |November 18, 2021 10:15:08 AM
@ Lokes

Thank you for your reply. My first mistake and I have learnt from it. Should not have bought it in first place @598.5 since I couldn''t place pre-order on time @570.
344. ipobull |   Link |  Bookmark |November 17, 2021 10:22:20 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
A price below 400 looks reasonable for Sigachi