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Sigachi Industries IPO Details

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Sigachi Industries IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About Sigachi Industries

The company was incorporated as a private limited company in 1989, with the business to manufacture chlorinated paraffin and hydrochloric acid in the manufacturing unit situated at Hyderabad. In the year 1990, the company diversified its product portfolio to manufacture microcrystalline cellulose (“MCC”). The company commenced its export operations in the year 1996 by exporting its first order of MCC to Bangkok. Owing to the consistent efforts of the company, the sale from the export operations constituted 32% of the total sales during the financial year ending March 31, 2004.

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In the year 2000, with an aim to diversify the business activities, the company started manufacturing premium grade microcrystalline cellulose by successfully commissioning a spray drier and a multi-fuel furnace, which in turn also increased the manufacturing capacity from 720 metric tonnes per annum to 1,080 metric tonnes per annum. Presently, the company manufacturing 59 different grades of MCC at the manufacturing units, situated at Hyderabad and Gujarat with an aggregate installed capacity of 11,880 MTPY.

With over 30 years of continuous growth, three multi-locational manufacturing facilities and a consistent focus on delivering premium quality product, the company is one of the leading manufacturers of MCC (cellulose based excipients) in India.

The company also entered into operations and management agreements with Gujarat Alkalies and Chemicals Limited (“GACL”) for operating and managing the manufacturing units owned by GACL and for contract manufacturing of sodium chlorate, stable bleaching powder and poly aluminum chloride in the said units.

The company engaged in manufacturing microcrystalline cellulose (“MCC”) which is widely used as an excipient for finished dosages in the pharmaceutical industry.

Important Details – Sigachi Industries

DateDetails
January 11, 1989Sigachi Industries Limited was originally incorporated as ‘Sigachi Chloro-Chemicals Private Limited’ as a private limited company, Andhra Pradesh.
March 10, 2012The name of the company was changed to ‘Sigachi Industries Private Limited’
November 21, 2019The company was converted from a private limited company to a public limited company and consequently the name of the company was changed to ‘Sigachi Industries Limited’

Objects of the Issue

  1. Funding capital expenditure:
    a. for expansion of production capacity for microcrystalline cellulose (“MCC”) at Dahej, Gujarat;
    b. for expansion of production capacity for microcrystalline cellulose (“MCC”) at Jhagadia, Gujarat; and
    c. to manufacture Croscarmellose Sodium (“CCS”), a modified cellulose used as excipient at Kurnool,
    Andhra Pradesh
  2. General Corporate Purposes

Sigachi Industries Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in Lakhs)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 13,340.73 10,914.39 9,146.25
Total income 19,601.05 14,394.90 13,287.77
Total Expenses 15,752.68 11,860.51 10,814.93
Profit After Tax 3,026.03 2,031.55 1,901.27

Sigachi Industries IPO Price – Details

DetailsSIGACHI IPO Details
Public IssueInitial Public Offer of up to 76,95,000 Equity Shares of ₹ 10 (aggregating up to ₹ [.] crores)
Issue Open  Date01-Nov-21
Issue Close Date03-Nov-21
Issue TypeBook Built
IPO Price Band₹ 161 – ₹ 163
Face Value ₹ 10
Market Lot 90 Equity Shares and in multiples thereof
Minimum Order Quantity 90 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolSIGACHI
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Sigachi Industries IPO DRHP & RHP

Sigachi Industries IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum190₹ 14,670
Maximum131170₹ 1,90,710

Sigachi Industries IPO Lead Managers

  • Unistone Capital Private Ltd

Sigachi Industries Registrar

Sigachi Industries IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on01-Nov-21
Bid / Offer Closes on03-Nov-21
Finalisation of Basis of Allotment10-Nov-21
Initiation of refunds 11-Nov-21
Credit of the Equity Shares12-Nov-21
Listing Date15-Nov-21

Company Peers – Comparison of Accounting Ratios

The company is engaged in manufacturing of microcrystalline cellulose (“MCC”) which is widely used as an excipient for finished dosages in the pharmaceutical industry. The company believe there are no listed entities similar to the line of business and comparable to the scale of operations, hence comparison is not possible.

Company Registered Office

229/1 & 90, Kalyan’s Tulsiram Chambers,
Madinaguda, Hyderabad- 500 049,
Telangana, India;
Website: www.sigachi.com

Company Promoters

  • Rabindra Prasad Sinha,
  • Chidambarnathan Shanmuganathan,
  • Amit Raj Sinha
  • RPS Projects & Developers Private Limited

Sigachi Industries IPO – FAQS

What is the Fino Payments Banks IPO Price?

The Fino Payments Banks IPO price band is ₹ 161 – ₹ 163 per share

When Fino Payments Banks IPO will open?

The Fino Payments Banks IPO opens on Nov 01, 2021 and closes on Nov 03, 2021

What is the lot size of Fino Payments Banks IPO?

The Fino Payments Banks IPO lot size is 90 Equity Shares and the minimum order quantity is 90 Equity Shares

Who is the Registrar for Fino Payments Banks IPO?

The Registrar for Fino Payments Banks IPO is KFin Technologies Private Limited

How to apply in Fino Payments Banks IPO through UPI?

Check the step by step process here – Click here

How to apply in Fino Payments Banks IPO through Zerodha?

Check the step by step process here – Click here

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