Sigachi Industries IPO Details – IPO Price, Allotment, Subscription, & RHP

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Sigachi Industries Limited IPO open on 1st November, 2021 and it will close on 3rd November, 2021 as per the Red Herring Prospectus (RHP).

About The Sigachi Industries Limited

Sigachi Industries Limited (“Company” or “Issuer”) was originally incorporated as ‘Sigachi Chloro-Chemicals Private Limited’ on January 11, 1989 as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Andhra Pradesh. With an intention to diversify our business activities, pursuant to a special resolution of our Shareholders passed in an extra-ordinary general meeting dated March 10, 2012, the name of our Company was changed to ‘Sigachi Industries Private Limited’ and a fresh certificate of incorporation dated March 29, 2012 consequent to such name change was issued to our Company by the Registrar of Companies, Andhra Pradesh. Subsequently, pursuant to a special resolution of our Shareholders passed in an extra-ordinary general meeting dated November 21, 2019 our Company was converted from a private limited company to a public limited company and consequently the name of our Company was changed to ‘Sigachi Industries Limited’, and a fresh certificate of incorporation dated December 9, 2019 was issued to our Company by the Registrar of Companies, Telangana at Hyderabad.

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

Registered Office: 229/1 & 90, Kalyan’s Tulsiram Chambers, Madinaguda, Hyderabad- 500 049, Telangana, India; Telephone: +91 040 4011 4874/75/76

Contact Person: Shreya Mitra, Company Secretary and Compliance Officer; E-mail: cs@sigachi.com; Website: www.sigachi.com; Corporate Identity Number: U24110TG1989PLC009497


Sigachi Industries Limited IPO – Promoters

  • RABINDRA PRASAD
  • CHIDAMBARNATHAN SHANMUGANATHAN SINHA
  • AMIT RAJ SINHA
  • RPS PROJECTS & DEVELOPERS PRIVATE LIMITED


Sigachi Industries Limited IPO – COMPANY FINANCIALS

Summary of Restated Consolidated Financial Information

For the year/period ended ( ₹ in Lakhs)

Particulars
 31-Mar-2131-Mar-2031-Mar-19
Total Revenue19,601.0514,394.9013,287.77
Profit After Tax3,026.032,031.551,901.27
Total Asset13,340.7310,914.399,146.25

Earnings per equity share

For the year/period ended ( ₹ in Lakhs)

Particulars31-Mar-2131-Mar-2031-Mar-19
Basic & Diluted13.138.818.25

Sigachi Industries IPO Date and Price Band

Issue Open Date1st November 2021
Issue Close Date3rd November 2021
Issue TypeBook Built Issue
Face Value₹ 10 per equity share
IPO/Issue Price₹ 161 to 163 per equity share
Market Lot90 Shares
Min Order Quantity90 Shares
Listing AtBSE, NSE

IPO/ Issue Time Line [Tentative]

1st November 2021

Issue Open Date


Issue Close Date

3rd November 2021
10th November 2021

Basis of Allotment Date

Initiation of Refunds

11th November 2021
12th November 2021

Credit of Shares to Demat Account

IPO Listing Date

15th November 2021

Prospectus


Sigachi Industries IPO Issue Objects

1. Funding capital expenditure:

  • Expansion of production capacity for microcrystalline cellulose (“MCC”) at Dahej, Gujarat;
  • Expansion of production capacity for microcrystalline cellulose (“MCC”) at Jhagadia, Gujarat; and
  • Manufacture Croscarmellose Sodium (“CCS”), a modified cellulose used as excipient at Kurnool, Andhra Pradesh

2. General Corporate Purposes


Sigachi Industries IPO Lead Managers

UNISTONE CAPITAL PRIVATE LIMITED

305, A Wing, Dynasty Business Park,
Andheri Kurla Road, Andheri East,
Mumbai- 400059.
Telephone: +91 9820057533
Email: mb@unistonecapital.com
Website: http://www.unistonecapital.com
Investor grievance email: compliance@unistonecapital.com
Contact Person: Mr. Brijesh Parekh
SEBI registration number: INM000012449
Validity of Registration: Permanent


Sigachi Industries IPO Registrar

BIGSHARE SERVICES PRIVATE LIMITED

1st floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (East), Mumbai- 400 059, Maharashtra, India.
Telephone: +91 22 6263 8200
Facsimile: +91 22 6263 8299
E-mail:ipo@bigshareonline.com
Website:www.bigshareonline.com
Investor grievance:investor@bigshareonline.com
Contact person: Mr. Ashish Bhope
SEBI Registration No: INR000001385
Validity of Registration: Permanent


Sigachi Industries IPO FAQs

When the Sigachi Industries IPO will Open?


The Sigachi IPO opens on 1st November 2021 for investors.

Sigachi Industries IPO

When the Sigachi Industries IPO will Close?


The Sigachi IPO close on 3rd November 2021.

What is Sigachi Industries IPO Price Band?


The Sigachi Industries IPO Price Band is ₹ 161 to ₹ 163 per equity shares.

What is Sigachi Industries IPO Allotment Date?


The Sigachai Industries IPO allotment date is 10th November 2021.

What is the Sigachi Industries IPO Listing Date?


The Sigachi Industries IPO listing date is 15th November 2021

Who is the Promoter of Sigachi Industries Limited IPO?


The Promoters of Sigachi Industries IPO: RABINDRA PRASAD CHIDAMBARNATHAN SHANMUGANATHAN SINHA AMIT RAJ SINHA RPS PROJECTS & DEVELOPERS PRIVATE LIMITED.

Who is the Registrar of Sigachi Industries IPO?

BIGSHARE SERVICES PRIVATE LIMITED. Visit their website for more information.

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