Sigachi-Industries

Sigachi Industries Limited IPO Review

Microcrystalline cellulose (MCC), a frequent excipient for final doses in the pharmaceutical industry, is produced by the company. The inert, non-reactive, free-flowing, and versatile nature of MCC makes it ideal for a variety of applications in the pharmaceutical, food, nutraceutical, and cosmetic industries. The company makes MCC in a range of sizes, from 15 microns to 250 microns. The company’s principal grades of MCC are HiCel and AceCel, which it manufactures and sells.

These items are defined by the various drying procedures used throughout the production process. HiCel is a spray dried product that is regarded high-quality owing to physical features such as particle size, density, fluidity, tableting capabilities, and so on. AceCel, on the other hand, is produced via a bulk drying technique. To meet the expanding demand for co-processed excipients, Sigachi manufactures several grades of this product in conjunction with various chemicals such as colloidal silicon dioxide, carboxy cellulose sodium, mannitol, and so on.

Sigachi Industries maintains three manufacturing units: Unit I in Hyderabad and Units II and III in Jhagadia and Dahej, respectively, all in Gujarat. Unit I manufactures HiCel and AceCel and serves local and foreign consumers including end users, merchants, distributors, and exporters. Unit II makes AceCel and complements its domestic sales. Unit III is located in the Special Economic Zone (SEZ) in Dahej and manufactures HiCel and special grades that are shipped to worldwide clients and distributors.

Subscription Dates1 – 3 November 2021
Price BandINR161 – 163 per share
Fresh issue76,95,000 shares (INR123.89 – 125.43 crore)
Offer For SaleNil
Total IPO size76,95,000 shares (INR123.89 – 125.43 crore)
Minimum bid (lot size)90 shares (INR14,490 – 14,670)
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

 

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

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

Date

Sigachi Industries IPO GMP

Kostak

Subject to Sauda

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

Listing Performance of Sigachi Industries Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain/Loss(%)

Sigachi Industries Limited IPO

Nov 15, 2021

163

603.75

270.4

NSE : NA

ISIN CODE : INE0D0K01014

BSE : NA

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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: Coming soon
Closing Price on NSE: Coming soon

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

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: ipo@bigshareonline.com
Website: www.bigshareonline.com

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

Sigachi Industries Limited IPO FAQ's

Sigachi Industries Limited IPO is a main-board IPO of ₹[.] per equity shares of the face value of ₹10 aggregating up to ₹125.43 Crores. The issue is priced at ₹161 to ₹163 per equity share. The minimum order quantity is 90 Shares. The initial public offering (IPO) date Nov 1, 2021. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and BSE.

The Sigachi Industries Limited IPO opening date is Nov 1, 2021 and closing date is Nov 3, 2021.

Sigachi Industries Limited IPO Market lot size is 90 Shares and the minimum order quantity is 90 Shares.

Sigachi Industries Limited IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

The Basis of Allotment for Sigachi Industries Limited IPO will be done on Nov 10, 2021 and the allotted shares will be credited to your demat account by Nov 12, 2021. Check the Sigachi Industries Limited IPO allotment status.

The Sigachi Industries Limited IPO listing date is Nov 15, 2021.

Sigachi Industries Limited IPO Comments