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Sigachi Industries Limited IPO Detail

Sigachi Industries Limited IPO Detail
gachi Industries Limited incorporated in 1989 based in Gujarat. Sigachi Industries is one of the leader in the field of Pharma Excipients, Nutra and food ingredients. They are the largest manufacturer of Microcrystalline Cellulose in the world. They have their supply chain in the world with customer base across the globe. The company established itself as one of the dependable supplier of their products in Asia, Australia, American Continent, Europe and Middle East. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified.

Company Promoters

Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers Private Limited

IPO Details

IPO Opening DateNov 01, 2021
IPO Closing DateNov 03, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹161 - 163 per equity share
Market Lot90 Shares
Min Order Quantity90 Shares
Listing AtBSE, NSE
Issue Size₹125.43 Cr
Fresh Issue-
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.57x 4.44x 16.81x 0.0x - 9.52x
Day 2 0.82x 16.99x 38.49x 0.0x - 23.12x
Day 3 86.51x 172.43x 80.49x 0.0x - 101.91x

IPO Tentative Timetable

The Sigachi Industries Limited IPO open date is Nov 01, 2021, and the close date is Nov 03, 2021. The issue may list on Nov 15, 2021.

IPO Open DateNov 01, 2021
IPO Close DateNov 03, 2021
Basis of Allotment DateNov 10, 2021
Initiation of RefundsNov 11, 2021
Credit of Shares to Demat AccountNov 12, 2021
IPO Listing DateNov 15, 2021

IPO Lot Size

The Sigachi Industries Limited IPO market lot size is 90 shares. A retail-individual investor can apply for up to 13 lots (1170 shares or ₹190710).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding64.64%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-20 109.14 143.95 20.32
31-Mar-19 91.46 132.88 19.01

Objects of the Issue:

The net proceed from the IPO will be utilized towards the following purposes;

 1. Funding capital expenditure:

  1. for expansion of production capacity for MCC at Dahej, Gujarat 28.15 crores
  2. for expansion of production capacity for MCC at Jhagadia, Gujarat 29.24 crores
  3. funding capital expenditure to manufacture CCS at the Proposed Unit 32.29 crores

 2. General corporate purposes