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Sigachi Industries Limited IPO (Sigachi Industries IPO) Detail

Nov 1, 2021 - Nov 3, 2021

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

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 Details

Sigachi Industries IPO Date Nov 1, 2021 to Nov 3, 2021
Sigachi Industries IPO Face Value ₹10 per share
Sigachi Industries IPO Price ₹161 to ₹163 per share
Sigachi Industries IPO Lot Size 90 Shares
Issue Size7,695,000 shares of ₹10
(aggregating up to ₹125.43 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

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

Sigachi Industries IPO Timeline (Tentative Timetable)

Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Sigachi Industries IPO Opening Date Nov 1, 2021
Sigachi Industries IPO Closing Date Nov 3, 2021
Basis of Allotment Nov 10, 2021
Initiation of Refunds Nov 11, 2021
Credit of Shares to Demat Nov 12, 2021
Sigachi Industries IPO Listing Date Nov 15, 2021

Sigachi Industries IPO Lot Size

The Sigachi Industries IPO lot size is 90 shares. A retail-individual investor can apply for up to 13 lots (1170 shares or ₹190,710).

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

Sigachi Industries IPO Promoter Holding

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

Sigachi Industries IPO Review

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 Nov 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)
QIB86.51
NII172.43
Retail80.49
Total101.91

Sigachi Industries IPO Prospectus

Sigachi Industries IPO Rating

1016
4.2
Rating:Rated 4.2 stars
Vote Here ...

Sigachi Industries IPO Listing Date

Listing Date Monday, November 15, 2021
BSE Script Code 543389
NSE Symbol SIGACHI
Listing In T Group of Securities
ISIN INE0D0K01014
IPO Price ₹163 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹163.00
₹575.00
₹570.45
₹603.75
₹603.75
NSE
₹163.00
₹570.00
₹570.00
₹598.50
₹598.50

Company Contact Information

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

Sigachi Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Sigachi Industries IPO Review

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 Nov 1, 2021, and closes on Nov 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 Nov 1, 2021 and closes on Nov 3, 2021.

Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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938 Comments

363. B.K. Singhania |   Link |Dec 10, 2021 11:34:25 AM
spark of this share is over wait for quarterly reasults now....
362. Irs |   Link |Nov 29, 2021 3:42:24 PM
Is circuit limit is change from tomorrow???
361. Kuppusamy |   Link |Nov 25, 2021 2:17:13 PM
Ipo open period can be reduced to 2 days Minimum amount to 25000
360. krupa |   Link |Nov 25, 2021 8:45:36 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Sigachi ke operator ne uc me kal mal de diya
Fully operator drive company
359. All Time High |   Link |Nov 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 |Nov 24, 2021 10:57:08 AM
It is at UC now.
358. Irs |   Link |Nov 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 |Nov 23, 2021 8:55:51 PM
@Irs where you read please explain any sources or websites name thanks
357. ipogroup |   Link |Nov 23, 2021 4:22:42 PM
is it good for long term?
356. ipogroup |   Link |Nov 23, 2021 4:21:00 PM
can i keep it for long term.?
355. milgayasigachire |   Link |Nov 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 |Nov 23, 2021 4:10:52 PM
IPO Guru IPO Guru (1500+ Posts, 900+ 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 listing...you 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 |Nov 22, 2021 9:52:12 PM
Should be back to UC within 2-3 days :-) fingers crossed let''s see
353. Allan |   Link |Nov 22, 2021 10:09:08 AM
Top Contributor Top Contributor (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 |Nov 22, 2021 1:35:27 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ 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 |Nov 22, 2021 1:40:21 PM
Top Contributor Top Contributor (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 |Nov 22, 2021 7:28:40 AM
Promoter bought 10000 share @ 604 .
352.2. Allan |   Link |Nov 22, 2021 12:00:53 PM
Top Contributor Top Contributor (200+ Posts)
Yes i figured it out...ur rt
352.3. NeoLongus |   Link |Nov 22, 2021 12:34:02 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
https://trendlyne.com/equity/insider-trading-sast/custom/?query=S.%20Sarveswar%20Reddy

https://trendlyne.com/equity/insider-trading-sast/custom/?query=S.%20Navya%20Reddy

10K shares bought at 603 by 2 directors on the same day...interesting...at 45-50x forward PE.
351. LV |   Link |Nov 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 |Nov 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 |Nov 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 |Nov 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 |Nov 22, 2021 9:16:11 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sell sell only sell
348. Krishnaji |   Link |Nov 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- https://finshots.in/markets/sigachi-industries-record-breaking-ipo-pop/
Hope it helps understanding the company more for the long term player-

Thanks!
347. Cautious ipo |   Link |Nov 18, 2021 8:25:26 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
10 lakh sellers...volume dropped
347.4. ROCKYBHAI |   Link |Nov 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 |Nov 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 |Nov 18, 2021 9:18:21 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Settle @ 380-400 rs after sometime
346.1. ROCKYBHAI |   Link |Nov 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 |Nov 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 |Nov 18, 2021 10:02:25 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ 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 least...it was already risky actually to buy at such huge price.
market is also not supporting now.
345.8. arif |   Link |Nov 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 |Nov 17, 2021 10:22:20 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
A price below 400 looks reasonable for Sigachi