Sigachi Industries Limited IPO
MainboardChemicals
Listed On: Nov 15, 2021 at ₹ 570.00(NSE)
₹ 14670 /90 Shares
Check AllotmentPrice Summary
Last Closing
48.17 (-70.45%)52 Week High
95.9052 Week Low
43.35Last Update
25-Nov-2024 3:30 PMIPO Details
01 Nov, 2021
Open Date03 Nov, 2021
Close Date10 Nov, 2021
Allotment Date15 Nov, 2021
Listing DateIssue Price
161-163 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Private LimitedList Price
570.00(NSE)Listing Date
2021-11-15Market 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 timesIPO Subscription Details
| As on | QIB | NII | 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 |
Valuations
Earnings Per Share (EPS)
₹9.88/-P/E Ratio
16.49RoNW
32.12%Net Asset Value (NAV) - As on 30.06.21
₹44.79Company Financials All values are in ₹ Cr.
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|
| Assets | 133.40 | 109.14 | 91.46 |
| Revenue | 196.01 | 143.94 | 132.87 |
| Profit After Tax | 30.26 | 20.31 | 19.01 |
About The 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.
- Promoter(s)
Pre Issue Share Holding: 64.64%
Post Issue Share Holding: 48.46%
Company Promoter(s)
- Rabindra Prasad Sinha
- Chidambarnathan Shanmuganathan
- Amit Raj Sinha
- RPS Projects & Developers Private Limited
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
IPO - Anchor Investors
Two anchor investors that invested in the company are 3 Sigma Global Fund and Nexus Global Opportunities Fund
IPO - FAQs
Ans. Sigachi Industries Limited IPO is a Mainboard IPO. The issue is priced at 161-163 per equity share. The minimum order quantity is 90 Shares. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Bigshare Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Sigachi Industries Limited IPO opens on Nov 1, 2021 and closes on Nov 3, 2021.
Ans. The size of Sigachi Industries Limited IPO is 125.43 Crores Issue : 76,95,000 Shares.
Ans. The IPO price band is set between 161-163 per equity share.
Ans. To apply for Sigachi Industries Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Sigachi Industries Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Sigachi Industries Limited IPO is Nov 10, 2021.
Ans. The Sigachi Industries Limited IPO will be listed on Nov 15, 2021.
Ans. Follow the steps to check the allotment status for Sigachi Industries Limited IPO here.
