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
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 |
Sigachi Industries’ Financial Performance (in INR crore)
| Â | 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 |
Sigachi Industries IPO News
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
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 |
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:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Sigachi Industries Contact Details
Sigachi Industries Limited
229/1 & 90, 4thfloor, Kalyan’s Tulsiram Chambers,
Madinaguda, Hyderabad- 500 049
Phone:Â +91 040 4011 4874
Email:Â [email protected]
Website:Â www.sigachi.com
Sigachi Industries IPO Allotment Status
Sigachi Industries offer allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.
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)
Sigachi Industries IPO FAQs
How many shares in Sigachi Industries IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Sigachi Industries Public Offer?
The best way to apply in Sigachi Industries IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Sigachi Industries IPO GMP today?
Sigachi Industries IPO GMP today is INR230 per share.
What is Sigachi Industries IPO kostak rate today?
Sigachi Industries IPO kostak rate today is NA per application.
What is Sigachi Industries Subject to Sauda rate rate today?
Sigachi Industries Subject to Sauda rate today is NA per application.
