Sigachi Industries Limited IPO Price, GMP, Dates, Review

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Sigachi Industries Limited IPO Details:

When is Sigachi Industries Limited IPO?

The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.

Sigachi Industries IPO Tentative Timetable

The Sigachi Industries IPO open date is Nov 1, 2021, and the close date is Nov 3, 2021. The issue may list on Nov 15, 2021.

IPO Open Date Nov 1, 2021
IPO Close Date Nov 3, 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

 

Sigachi Industries IPO Lot Size 

The Sigachi Industries IPO market lot size is 90 shares. A retail-individual investor can apply for up to 13 lots (1170 shares or ₹190,710).

Application Lots Shares Amount (Cut-off)
Minimum 1 90 ₹14,670
Maximum 13 1170 ₹190,710

 

Sigachi Industries IPO Share Price

The issue is priced at ₹161 to ₹163 per equity share. The minimum order quantity is 90 Shares.

Sigachi Industries IPO Promoter Holding

Pre Issue Share Holding 64.64%
Post Issue Share Holding

 

Sigachi Industries Board Directors:

  • Mr. Swami Das Nigam – Chairman & Non-Executive Director
  • Mr. Rabindra Prasad Sinha – Whole Time-Director & Chairman
  • Mr. Chidambarnathan Shanmuganathan – Whole-Time Director & Vice Chairman
  • Mr. Amit Raj Sinha – Managing Director & CEO
  • Mr. Vijay Amrutlal Bhavsar – Whole-Time Director
  • Mr. Lijo Stephen Chacko – Independent Director
  • Ms. Dhanalakshmi Guntaka – Additional Independent Director
  • Mr. Sarveswar Reddy Sanivarapu – Independent Director

Sigachi Industries Company Financials: 

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-Jun-21 30-Jun-20 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,514.19 1,155.59 1,334.07 1,091.43 914.62
Total Revenue 551.22 448.16 1,960.10 1,439.49 1,328.77
Profit After Tax 89.89 60.59 302.60 203.15 190.12

 

About Sigachi Industries: 

Established in 1989, Sigachi Industries is occupied with the manufacturing of Microcrystalline Cellulose (MCC) which is generally utilized as an excipient for completed doses in the pharmaceutical industry. MCC has different applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. The organization makes MCC of different grades going from 15 microns to 250 microns and the significant grades of MCC made and promoted by the organization are branded as HiCel and AceCel. As of now, the organization fabricates 59 distinct grades of MCC at the manufacturing units, arranged in Hyderabad and Gujarat. The organization has an in-house R&D division equipped with the fundamental offices to complete all important preliminaries to foster new atoms from idea to commissioning.

The organization has gotten different quality certifications and works 3 manufacturing units specifically, Unit I arranged at Hyderabad, and two manufacturing units, Unit II and Unit III arranged at Jhagadia and Dahej, in Gujarat. As of March 31, 2021, the organization’s all-out MCC manufacturing limit is 13,128 MTPA from three areas.

Company Contact Information: 

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

Sigachi Industries  IPO Gray Market Price (GMP) 

Sigachi IPO GMP: INR 80. Subject: 4500

How to Apply For Sigachi Industries IPO?

Joined in 1989, Sigachi Industries is occupied with manufacturing of Microcrystalline Cellulose (MCC) which is generally utilized as an excipient for completed doses in the pharmaceutical industry. MCC has different applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. The organization makes MCC of different grades going from 15 microns to 250 microns and the significant grades of MCC made and promoted by the organization are branded as HiCel and AceCel. As of now, the organization fabricates 59 distinct grades of MCC at the manufacturing units, arranged in Hyderabad and Gujarat. The organization has an in-house R&D division equipped with the fundamental offices to complete all important preliminaries to foster new atoms from idea to commissioning.

The organization has gotten different quality certifications and works 3 manufacturing units specifically, Unit I arranged at Hyderabad, and two manufacturing units, Unit II and Unit III arranged at Jhagadia and Dahej, in Gujarat. As of March 31, 2021, the organization’s all-out MCC manufacturing limit is 13,128 MTPA from three areas.

Final Review of Sigachi Industries  IPO 

The organization will weaken 27% of its stake. The IPO will see the offer of 28.4 lakh equity shares in the new issue section. This sum will be utilized in the extension of the organization’s creation offices.

The proposal available to be purchased section incorporates those shares which are sold by the current shareholders. In any case, in this IPO, no shares are being made in the deal available for the purchase portion.

Also Check: Nidan Laboratories and Healthcare IPO

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