Bookbuilding IPO | ₹125 Cr | Listed at BSE, NSE | Mon, Nov 1, 2021 - Wed, Nov 3, 2021
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 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹14,670 (90 shares) (based on upper price). 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 Open
Mon, Nov 1, 2021
IPO Close
Wed, Nov 3, 2021
Issue Price
₹163 per share
Market Cap (Pre-IPO)
₹501.10 Cr
| IPO Date | 1 to 3 Nov, 2021 |
| Listed on | Mon, Nov 15, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹161 to ₹163 |
| Issue Price | ₹163 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 76,95,000 shares (agg. up to ₹125 Cr) |
| Fresh Issue | 76,95,000 shares (agg. up to ₹125 Cr) |
| Share Holding Pre Issue | 2,30,47,500 shares |
| Share Holding Post Issue | 3,07,42,500 shares |
| BSE Script Code / NSE Symbol | 543389 / SIGACHI |
| ISIN | INE0D0K01014 |
Sigachi Industries IPO comprises a total issue size of 76,95,000 shares. Out of which, 38,47,500 (50.00%) are allocated to QIB, 11,54,250 (15.00%) allocated to NII 26,93,250 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| 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 |
Sigachi Industries IPO raises ₹37.63 crore from anchor investors. Sigachi Industries IPO Anchor bid date is October 29, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Oct 29, 2021 |
| Shares Offered | 23,08,500 |
| Anchor Portion (₹ Cr.) | 37.63 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Dec 10, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Feb 8, 2022 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for expansion of production capacity for MCC at Dahej, Gujarat | 28.16 |
| 2 | Funding capital expenditure for expansion of production capacity for MCC at Jhagadia, Gujarat | 29.24 |
| 3 | Funding capital expenditure to manufacture CCS at the Proposed Unit | 32.30 |
| 4 | General corporate purposes | 20.43 |
The Sigachi Industries IPO is subscribed 101.91 times on November 3, 2021 5:00:00 PM (Day 3). 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)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 86.51 | 15,39,000 | 13,31,37,000 |
| NII | 172.43 | 11,54,250 | 19,90,31,670 |
| Retail | 80.49 | 26,93,250 | 21,67,78,770 |
| Total | 101.91 | 53,86,500 | 54,89,47,440 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Legal counsel fees, Book Running Lead Manager fees and commissions (including any underwriting, selling and marketing commission) | 12.16 |
| 2 | Advertising and marketing expenses | 0.28 |
| 3 | Fees payable to Registrar to the Issue | 0.40 |
| 4 | Brokerage and selling commission, and Processing fees payable to Sponsor Bank, SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 1.25 |
| 5 | Printing and distribution of issue stationery | 0.10 |
| 6 | Listing fees | 0.06 |
| 7 | SEBI, BSE, NSE processing fees | 0.35 |
| 8 | Book Building software fees | 0.19 |
| 9 | Other regulatory expenses | 0.46 |
| 10 | Miscellaneous | 0.04 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹163.00 | ₹163.00 |
| Open | ₹575.00 | ₹570.00 |
| Low | ₹570.45 | ₹570.00 |
| High | ₹603.75 | ₹598.50 |
| Last Trade | ₹603.75 | ₹598.50 |
Lead Manager Reports
Sigachi Industries IPO is a main-board IPO of 76,95,000 equity shares of the face value of ₹10 aggregating up to ₹125 Crores. The issue is priced at ₹163 per share. The minimum order quantity is 90.
The IPO opens on Mon, Nov 1, 2021, and closes on Wed, 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
Visit Zerodha IPO Application Process Review for more detail.
The Sigachi Industries IPO opens on Mon, Nov 1, 2021 and closes on Wed, Nov 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 Fri, Nov 12, 2021. Check the Sigachi Industries IPO allotment status.
The Sigachi Industries IPO listing date is on Mon, Nov 15, 2021.
