Sigachi Industries Limited IPO Details:
Contents
- 1 When is Sigachi Industries Limited IPO?
- 2 Sigachi Industries IPO Tentative Timetable
- 3 Sigachi Industries IPO Lot Size
- 4 Sigachi Industries IPO Share Price
- 5 Sigachi Industries IPO Promoter Holding
- 6 Sigachi Industries Board Directors:
- 7 Sigachi Industries Company Financials:
- 8 About Sigachi Industries:
- 9 Company Contact Information:
- 10 Sigachi Industries IPO Gray Market Price (GMP)
- 11 How to Apply For Sigachi Industries IPO?
- 12 Final Review of Sigachi Industries IPO
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 |
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.
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