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 LimitedIPO Details
| IPO Opening Date | Nov 01, 2021 |
| IPO Closing Date | Nov 03, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹161 - 163 per equity share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹125.43 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.57x | - | - | 4.44x | 16.81x | 9.52x |
| Day 2 | 0.82x | - | - | 16.99x | 38.49x | 23.12x |
| Day 3 | 86.51x | - | - | 172.43x | 80.49x | 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 Date | Nov 01, 2021 |
| IPO Close Date | Nov 03, 2021 |
| Basis of Allotment Date | Nov 10, 2021 |
| Initiation of Refunds | Nov 11, 2021 |
| Credit of Shares to Demat Account | Nov 12, 2021 |
| IPO Listing Date | Nov 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 90 | ₹14670 |
| Maximum | 13 | 1170 | ₹190710 |
IPO Promoter Holding
| Pre Issue Share Holding | 64.64% |
| 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:
- 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
2. General corporate purposes
