IPO Alert: Sapphire Foods India Ltd.

Incorporated in 1989, the company is engaged in manufacturing of Microcrystalline Cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry.  Sigachi Industries has received various quality certifications and operates 3 manufacturing units in India.

Bid/Offer Opens OnTuesday, 09-Nov-21
Bid/Offer Closes OnThursday, 11-Nov-21
Price BandRs. 1120 - Rs. 1180 per equity share
Lot Size12 Shares

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The below table has important dates with respect to the IPO allotment and listing.

Finalization of Basis of Allotment16-Nov-21
Initiation of Refunds17-Nov-21
Credit of Shares to Demat Acct18-Nov-21
IPO Shares Listing Date22-Nov-21
UPI mandate expiry date23-Nov-21

How to Check Allotment Status

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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