Sigachi Industries was incorporated on January 11, 1989 . The company is eanged in n 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 has varied applications in the pharmaceutical, food, nutraceuticals and the cosmetic industries. The company manufactures MCC of various grades ranging from 15 microns to 250 microns
| Bidding Dates |
|---|
| 01 Nov 2021 - 03 Nov 2021 |
| Subscription |
|---|
| 101.91x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,670 | 1 | 13 | 90 | 7.7 M | ₹161 - ₹163 | 64.64 % | ₹1238.9 M - ₹1254.3 M | RHP DOC |
Sigachi Industries IPO SUBSCRIPTION STATUS
03 Nov '21Sigachi Industries IPO overall subscription rate was 101.91 times the total available shares
Sigachi Industries IPO retail subscription rate was 80.49 times in the retail segment
Sigachi Industries IPO non-institutional investor subscription rate was 172.43 times in the non-institutional investor category
Sigachi Industries IPO Qualified Institutional Bidder subscription rate was 86.51 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Nov 2021 (Day 3) | 80.49x | 172.43x | 86.51x |
02 Nov 2021 (Day 2) | 0x | 0x | 0x |
01 Nov 2021 (Day 1) | 16.81x | 4.44x | 0.57x |
Sigachi Industries IPO SUBSCRIPTION STATUS DETAILS
Sigachi Industries had 7.7 M shares on offer
Sigachi Industries IPO offer price was in the range ₹161 - ₹163
Sigachi Industries IPO minimum Investment was ₹14670
Sigachi Industries IPO issue size was ₹ 1238.9 M - ₹ 1254.3 M
Sigachi Industries had a minimum lot size of 90 Shares per application
Sigachi Industries NUMBER OF SHARES ON OFFER
Sigachi Industries IPO IMPORTANT DATES
| Issue Open Date | 01 Nov 2021 |
| Issue close Date | 03 Nov 2021 |
| Allotment Date | 10 Nov 2021 |
| Refund Date | 11 Nov 2021 |
| Demat Account Credit Date | 12 Nov 2021 |
| Listing Date | 15 Nov 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Sigachi Industries Allotment Status | Exchange |
Sigachi Industries IPO subscription opened on 01 Nov 2021, and closed on 03 Nov 2021
IPO allotment for Sigachi Industries was finalized on Wednesday, 10 Nov 2021
IPO listing for Sigachi Industries was on NSE and BSE on Monday, 15 Nov 2021
Sigachi Industries IPO LISTING GAINS
| Issue Price (adjusted) | 16.3 |
| Listing Open Price | 575.0 |
| Listing Close Price | 603.8 |
| Listing Gain% | 252.8% |
| Current Gain% | 54.4% |
Sigachi Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sigachi Industries Ltd. | 25.2 | 58 | -11.8 | 0.1 | 2 | -15.7 | -9.7 | 486.1 | -4.5 | -81.8 | -217.5 | -2.1 | -217.5 |
| Sun Pharmaceutical Industries Ltd. | 1945 | 466670.7 | 38.6 | 2.3 | 7.8 | 13.7 | 10.6 | 60433.8 | 10.8 | 11479.4 | 5 | 50.4 | 16.6 |
| Divi's Laboratories Ltd. | 8275 | 219675.3 | 75.1 | 2.8 | 19.6 | 15.3 | 12.8 | 11067 | 14 | 2568 | 17.2 | 110.2 | 26.8 |
| Torrent Pharmaceuticals Ltd. | 4924 | 187293.2 | 85.9 | 9.6 | 11.9 | 25.8 | 4.9 | 13886.2 | 20.3 | 2163.4 | 13.2 | 57.3 | 8.9 |
| Cipla Ltd. | 1463.8 | 118253.6 | 35.1 | -0.9 | 4.2 | 11.3 | 9.1 | 29044.6 | 2.2 | 3879.2 | -26.4 | 41.7 | -37.5 |
| Zydus Lifesciences Ltd. | 1114.2 | 112114.6 | 22.2 | 2.3 | 4.1 | 18.6 | 9.6 | 27657.9 | 17.6 | 5040 | 11.4 | 50.1 | 9.6 |
Sigachi Industries INFORMATION ON IPO ISSUE
About Sigachi Industries
Sigachi Industries was incorporated on January 11, 1989 . The company is eanged in n 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 has varied applications in the pharmaceutical, food, nutraceuticals and the cosmetic industries. The company manufactures MCC of various grades ranging from 15 microns to 250 microns
Object of the Issue
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
Sigachi Industries - PROMOTERS
| Name |
|---|
| Rabindra Prasad Sinha |
| Chidambarnathan Shanmuganathan |
| Amit Raj Sinha |
| RPS Projects & Developers |
Sigachi Industries Book Running Lead Managers
UNISTONE CAPITAL PRIVATE LIMITED
mb@unistonecapital.com
Sigachi Industries Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
ipo@bigshareonline.com
Sigachi Industries Strengths
One of the leading manufacturers of MCC in India.
Experienced management team.
Wide product portfolio and ability to serve diverse end-use applications.
Long-term relationships with customers in diverse industry verticals
Investments and a strong focus on R&D.
Quality assurance and quality control in products and facilities.
Strategically located, multi-locational manufacturing facilities.
IPO FAQs
Sigachi Industries Ltd. IPO listing opened at Rs 575.00 while the issue price was Rs 163.00 giving 252.76% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 16.30 giving 54.42% gains since its IPO listing.
The promoters of the company are Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 161.0 - 163.0.
The IPO application opens on Nov 01, 2021 and closes on Nov 03, 2021.
The minimum lot size for the IPO is 90. The maximum lot size for the IPO is 1170.
For all category investors, the minimum application amount for this IPO is Rs. 14,670.0, the maximum value for this IPO is Rs 190,710.0.
This IPO will be allotted on Nov 10, 2021.
The refund will be credited to your account on Nov 11, 2021.
The allotted shares will be credited to your demat on Nov 12, 2021.
Sigachi Industries Ltd.’s shares listed on the stock exchanges on Nov 15, 2021.