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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 Promoters:

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

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

IPO Opening Date Nov 1, 2021
IPO Closing Date Nov 3, 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 Size7,695,000 Eq Shares of ₹10
(aggregating up to ₹125.43 Cr)

Sigachi Industries IPO Tentative Timetable

The Sigachi Industries IPO open date is Nov 1, 2021, and the close date is Nov 3, 2021. The issue may list on Nov 15, 2021.

IPO Open Date Nov 1, 2021
IPO Close Date Nov 3, 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 Lot Size

The Sigachi Industries IPO market 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 (Cut-off)
Minimum 1 90 ₹14,670
Maximum 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 11/3/2021 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 equity share
Face Value ₹10 per equity 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 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 equity 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 90 Shares.

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.

Sigachi Industries IPO Message Board

Ranked Members  Ranked Members

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