Sigachi Industries IPO

Sigachi Industries IPO description – The company is 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 has varied applications in the pharmaceutical, food, nutraceuticals and the cosmetic industries. The company manufactures MCC of various grades ranging from 15 microns to 250 microns. The major grades of MCC manufactured and marketed by the company are branded as HiCel and AceCel.

These products are distinguished with the help of different drying techniques employed during the manufacturing process. HiCel is a spray dried product and is considered premium in quality due to the physical properties of the product such as particle size, density, flow, tableting properties, etc. AceCel on the other hand is manufactured through bulk drying process. Sigachi also manufactures various grades of this product in combination with various chemicals like colloidal silicon dioxide, carboxy cellulose sodium, mannitol etc. to cater to the growing market of the co-processed excipients.

Sigachi Industries operates three manufacturing units namely, Unit I situated at Hyderabad and two manufacturing units, Unit II and Unit III are situated at Jhagadia and Dahej, respectively located in Gujarat. Unit I manufacture both HiCel and AceCel and caters to the domestic and international customers such as end users, merchants, distributors and exporters. Unit II manufactures AceCel and supplements the sale in the domestic market. Unit III is situated at Special Economic Zone (SEZ) at Dahej and is engaged in the manufacture of HiCel and special grades which is exported to overseas customers and distributors.

The company foresees an increase in demand of MCC and to the tap the growing market, it intends to utilize the net proceeds of this issue to enhance the production capacity of MCC at its Unit II and Unit III and manufacturing of CCS in the proposed unit at Kurnool.

Promoters of Sigachi Industries – Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers Private Limited

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Sigachi Industries IPO details

Subscription Dates	1 – 3 November 2021
Price Band	INR161 – 163 per share
Fresh issue	76,95,000 shares (INR123.89 – 125.43 crore)
Offer For Sale	Nil
Total IPO size	76,95,000 shares (INR123.89 – 125.43 crore)
Minimum bid (lot size)	90 shares (INR14,490 – 14,670)
Face Value	INR10 per share
Retail Allocation	35%
Listing On	NSE, BSE

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Sigachi Industries’ Financial Performance (in INR crore)

	FY2019	FY2020	FY2021
Revenue	132.9	143.9	196.0
Expenses	108.1	118.6	157.5
Net income	18.9	20.1	30.4
Margin (%)	14.2	14.0	15.5

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Sigachi Industries IPO News

• Sigachi Industries IPO allotment today, try your luck in 4 ways
• Sigachi Industries IPO DRHP

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Sigachi Industries Valuation (as of FY2021)

Earnings Per Share (EPS): INR13.13
Price/Earnings (PE ratio): 12.26 – 12.41
Return on Net Worth (RONW): 32.12%
Net Asset Value (NAV): INR40.87 per share

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Sigachi Industries IPO GMP Daily Trend

Date	Sigachi Industries IPO GMP	Kostak	Subject to Sauda
13 Nov 2021	INR230	–	–
12 Nov 2021	INR220	–	–
11 Nov 2021	INR200	–	–
10 Nov 2021	INR200	INR400	INR10,000
9 Nov 2021	INR200	INR450	INR11,000
8 Nov 2021	INR180	INR400	INR9,500
3 Nov 2021	INR200	INR400	INR10,000
2 Nov 2021	INR150	INR400	INR8,500
1 Nov 2021	INR120	INR350	INR7,000
30 Oct 2021	INR80	INR300	INR5,200
29 Oct 2021	INR50	INR300	INR4,800
28 Oct 2021	INR50	INR300	INR4,800

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Sigachi Industries IPO Subscription – Live Updates

Category	Shares Offered	Day 1	Day 2	Day 3
QIB	15,39,000	0.57	0.82	86.51
NII	11,54,250	4.44	16.99	172.43
Retail	26,93,250	16.81	38.49	80.49
Total	53,86,500	9.52	23.12	101.91

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Sigachi Industries IPO Registrar

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road Marol, Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

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Sigachi Industries Contact Details

Sigachi Industries Limited
229/1 & 90, 4thfloor, Kalyan’s Tulsiram Chambers,
Madinaguda, Hyderabad- 500 049
Phone: +91 040 4011 4874
Email: [email protected]
Website: www.sigachi.com

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Sigachi Industries IPO Allotment Status

Sigachi Industries offer allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.

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Sigachi Industries IPO Timetable

IPO Opening Date: 1 November 2021
IPO Closing Date: 3 November 2021
Finalisation of Basis of Allotment: 10 November 2021
Initiation of refunds: 11 November 2021
Transfer of shares to demat accounts: 12 November 2021
Listing Date: 15 November 2021
Opening Price on NSE: INR570 per share (up 249.70% from IPO price)
Closing Price on NSE: INR598.50 per share (up 267.18% from IPO price)

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Sigachi Industries IPO FAQs