Everything You Need to Know About Sigachi Industries IPO

Sigachi Industries is engaged in manufacturing microcrystalline cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry. The company manufactures MCC of various grades ranging from 15 microns to 250 microns, which has varied applications across industries such as the pharmaceutical, food, nutraceuticals, and cosmetic industries.

The public offer of Sigachi Industries comprises a fresh issue of 76.95 lakh equity shares aggregating up to Rs. 125.43 crores.

Financial Snapshot:

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 1,328.78 190.13 8.25
March 2020 1,439.49 203.16 8.81
March 2021 1,960.11 302.60 13.13
Three months ended June 2020 448.16 60.593 2.63
Three months ended June 2021 551.22 89.897 3.9

For more information, you can check out the IPO Prospectus filed by the company.

IPO Details:

Issue Period 1st November 2021 to 3rd November 2021
Price Range ₹ 161 to 163 per share
Minimum Bid Quantity 90 and in multiples thereof
Finalisation of Allotment 10th November 2021
Initiation of Refunds 11th November 2021
Credit of Shares 12th November 2021
Listing Date 15th November 2021
Mandate end Date 22nd November 2021

How do I apply to the Sigachi Industries IPO?

You can apply for the Sigachi Industries IPO using any supported UPI app by following two steps:

  • Enter your bid on Console

  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How do I check the allotment status for Sigachi Industries IPO?

You can check the allotment status for the Sigachi Industries IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website. The tentative date of allotment is 10th November 2021.

Hi,

Any update on the Mandate end date of the Sigachi IPO.?

The mandate end date for Sigachi Industries IPO is 22nd November.

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