Sigachi Industries Limited IPO
Mainboard₹14,670 / 90 Shares
IPO Details
Sigachi Industries Limited IPO IPO is priced between 161-163 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Bigshare Services Private Limited is managing the issue as the registrar.
The IPO bidding period opened on 1 Nov, 2021, and closed on 3 Nov, 2021. The allotment results will be announced on 10 Nov, 2021, with a tentative listing date set for 15 Nov, 2021.
The total issue comprises 125.43 Crores Issue : 76,95,000 Shares, amounting to .
Sigachi Industries Limited IPO IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Nov 1, 2021 - Nov 3, 2021 | 15 Nov, 2021 | ₹10 Per Equity Share | 161-163 per equity share | - | Shares | - | BSE, NSE |
Sigachi Industries Limited IPO IPO Timeline
Issue Price
161-163 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Private LimitedMarket Lot
90 Shares (₹14,670/-)Lead Manager
Unistone Capital Private LimitedIssue Size
125.43 Crores Issue : 76,95,000 SharesRetail Portion
35% (Number of Retail Applications : 29,900 Approx)Subscription
101.91 timesSigachi Industries Limited IPO IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 133.40 | 196.01 | 30.26 | - | - | - |
| 31 Mar 20 | 109.14 | 143.94 | 20.31 | - | - | - |
| 31 Mar 19 | 91.46 | 132.87 | 19.01 | - | - | - |
All values are in ₹ Cr.
About Company
They are engaged in manufacturing microcrystalline cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry.
The inert non-reactive, free-flowing and versatile nature of MCC have varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries.
In the year 2000, with an aim to diversify their business activities, their Company started manufacturing premium grade microcrystalline cellulose by successfully commissioning a spray drier and a multi-fuel furnace, which in turn also increased their manufacturing capacity from 720 metric tonnes per annum to 1080 metric tonnes per annum.
Presently, they manufacture 50 different grades of MCC at their manufacturing units, situated at Hyderabad and Gujarat with an aggregate installed capacity of 11,880 MTPY.
Sigachi Industries Limited IPO IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 15,39,000 | 11,54,250 | 26,93,250 | 53,86,500 |
| Day 1 - 01-11-21 04:30 PM | 0.57 x | 2.35 | 15.16 x | 8.24 x |
| Day 2 - 02-11-21 04:30 PM | 0.80 x | 16.55 | 37.56 x | 22.55 x |
| Day 3 - 03-11-21 05:00 PM | 86.51 x | 172.44 | 80.49 x | 101.91 x |
69.26 times
Sigachi Industries Limited IPO IPO - Issue Objectives
- for expansion of production capacity for MCC at Dahej, Gujarat 28.15 crores
- for expansion of production capacity for MCC at Jhagadia, Gujarat 29.24 crores
- funding capital expenditure to manufacture CCS at the Proposed Unit 32.29 crores
- General corporate purposes