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Sigachi Industries IPO is a book build issue of ₹125.43 crores. The issue is entirely a fresh issue of 0.77 crore shares of ₹125.43 crore.
Sigachi Industries IPO bidding started from Nov 1, 2021 and ended on Nov 3, 2021. The allotment for Sigachi Industries IPO was finalized on Nov 10, 2021. The shares got listed on BSE, NSE on Nov 15, 2021.
Sigachi Industries IPO price band is set at ₹163.00 per share . The lot size for an application is 90. The minimum amount of investment required by an retail is ₹14,490 (90 shares). The lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹2,05,380, and for bNII, it is 69 lots (6,210 shares), amounting to ₹10,12,230.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Sigachi Industries IPO RHP for detailed Information.
| IPO Date | November 1, 2021 to November 3, 2021 |
| Listing Date | November 15, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹161 to ₹163 per share |
| Issue Price Final | ₹163 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 76,95,000 shares (aggregating up to ₹125.43 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,30,47,500 shares |
| Share Holding Post Issue | 3,07,42,500 shares |
Sigachi Industries IPO offers total 76,95,000 shares. Out of which 38,47,500 (50.00%) allocated to QIB, 15,39,000 (20.00%) allocated to QIB, 11,54,250 (15.00%) allocated to NII, 26,93,250 (35.00%) allocated to RII and 23,08,500 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 38,47,500 (50.00%) | NA |
| − Anchor Investor Shares Offered | 23,08,500 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 15,39,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 11,54,250 (15.00%) | NA |
| Retail Shares Offered | 26,93,250 (35.00%) | 29,925 |
| Total Shares Offered | 76,95,000 (100.00%) |
Sigachi Industries IPO opens on November 1, 2021, and closes on November 3, 2021.
| IPO Open Date | Mon, Nov 1, 2021 |
| IPO Close Date | Wed, Nov 3, 2021 |
| Tentative Allotment | Wed, Nov 10, 2021 |
| Initiation of Refunds | Thu, Nov 11, 2021 |
| Credit of Shares to Demat | Fri, Nov 12, 2021 |
| Tentative Listing Date | Mon, Nov 15, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 3, 2021 |
Investors can bid for a minimum of 90 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,670 |
| Retail (Max) | 13 | 1,170 | ₹1,90,710 |
| S-HNI (Min) | 14 | 1,260 | ₹2,05,380 |
| S-HNI (Max) | 68 | 6,120 | ₹9,97,560 |
| B-HNI (Min) | 69 | 6,210 | ₹10,12,230 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| 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 |
The net proceed from the IPO will be utilized towards the following purposes;
1. Funding capital expenditure:
2. General corporate purposes
[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...
| Listing Date | November 15, 2021 |
| BSE Script Code | 543389 |
| NSE Symbol | SIGACHI |
| ISIN | INE0D0K01014 |
| Final Issue Price | ₹163 per share |
| BSE Listing Group | T |
Sigachi Industries Ltd.
229/1 & 90, Kalyan’s Tulsiram Chambers,
Madinaguda, Hyderabad- 500 049,
Telangana, India
Hyderabad, Telangana
Phone: +91 040 4011 4874
Email: cs@sigachi.com
Website: https://sigachi.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sigachi Industries IPO is a main-board IPO of 76,95,000 equity shares of the face value of ₹10 aggregating up to ₹125.43 Crores. The issue is priced at ₹163 per share. The minimum order quantity is 90.
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
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, and the minimum amount required for application is ₹14,670.
You can apply in Sigachi Industries IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Monday, November 15, 2021.
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