Sigachi Industries IPO Subscription Status
Sigachi Industries IPO subscription to start from Nov 01 to Nov 03, 2021. The IPO consists of an initial public offer of up to 76,95,000 Equity Shares of ₹ 10. The Hyderabad-based firm is engaged in the manufacturing of microcrystalline cellulose (MCC), a polymer widely used for finished dosages in the pharmaceutical industry. The price range for the offer has been fixed at Rs 161 – 163 per share.
Sigachi Industries IPO Subscription Status Live
| Day | Date | QIB | NII | Retail | Total |
| Day 1 | 01-Nov-2021 11:45 | 0.57x | 4.44x | 16.81x | 9.52x |
| Day 2 | 02-Nov-2021 17:00 | 0.80x | 16.99x | 38.49x | 23.12x |
| Day 3 | 03-Nov-2021 17:00 | 86.51x | 172.43x | 80.49x | 101.91x |
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.
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.
Sigachi Industries IPO Price – Details
| Details | SIGACHI IPO Details |
|---|---|
| Public Issue | Initial Public Offer of up to 76,95,000 Equity Shares of ₹ 10 (aggregating up to ₹ [.] crores) |
| Issue Open Date | 01-Nov-21 |
| Issue Close Date | 03-Nov-21 |
| Issue Type | Book 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 Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | SIGACHI |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Sigachi Industries IPO Subscription Status – FAQs
How much Sigachi Industries IPO subscribed on Day 1?
The Sigachi Industries IPO subscribed 9.52 times on day 1
How much Sigachi Industries IPO subscribed on Day 2?
The Sigachi Industries IPO subscribed 23.12 times on day 2.
How much Sigachi Industries IPO subscribed on Day 3?
The Sigachi Industries IPO subscribed 101.91 times on day 3.
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