Sigachi Industries IPO
Incorporated in 1989, Sigachi Industries is one of the leading manufacturers of pharmaceutical excipients in India. The company is well-known for its Microcrystalline Cellulose, used in a host of medicinal, food, cosmetics, and nutraceuticals purposes. Sigachi Industries manufactures MCCs of different grades starting from 15 to 250 microns. Additionally, the company markets these products under the brands AceCel, and HiCel. Currently, the company has manufacturing units in Gujarat and Hyderabad capable of producing MCCs of 59 grades. It also has an in house research and development team capable of creating new products.
Sigachi Industries has 3 manufacturing units, one in Hyderabad and two in Gujarat. As of March 2021, the company has a total manufacturing capacity of 13,128 MTPA spreading across 3 locations.
Furthermore, Sigachi Industries exports about 60% of its total production in markets spreading over more than 40 countries across the globe. Also, the company has a subsidiary in the USA, operating under the name of Sigachi US Inc.
Sigachi Industries IPO Objectives
- To expand the production capacity of Dahej unit in Gujarat by investing Rs. 28.15 crores
- To increase the production capacity of Jhagadia facility by investing Rs. 29.24 crores
- Meeting the capital expenditure requirements to produce CCS at the proposed unit by investing Rs. 32.29 crores
- Meeting general corporate purposes
Sigachi Industries IPO - Details
The speciality Microcrystalline Cellulose manufacturer is planning to gather about Rs. 125 crores through an initial public offering. This IPO will include 7,695,000 fresh issue equity shares at a face value of Rs. 10 per share. This IPO will go live on 1 November 2021 and close on 3 November 2021. You can find the entire IPO timeline in the table mentioned below. Sigachi Industries have appointed Saffron Capital Advisors Private Limited as its book running lead manager. Additionally, Bigshare Services Private Limited is the registrar of this public issue.
Opening Date
Nov 1, 2021
Closing Date
Nov 3, 2021
Price Band
₹161 to ₹163
per equity share
Issue Size
₹ 125.43 Cr
Face Value
₹ 10
per equity share
Market Lot
90 Shares
Opening Date
Nov 1, 2021
Closing Date
Nov 3, 2021
Price Band
₹161 to ₹163
per equity share
Listing at NSE, BSE
Sigachi Industries IPO Important Dates
IPO Open Date | Nov 1, 2021 |
---|---|
IPO Close Date | Nov 3, 2021 |
Basis Of Allotment Date | Nov 10, 2021 |
Initiation Of Refunds | Nov 11, 2021 |
Credit Of Shares To Demat ACcount |
Nov 12, 2021 |
IPO Listing Date | Nov 15, 2021 |
How to apply for Sigachi Industries IPO?
You can apply for the Sigachi Industries IPO in these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book Sigachi Industries IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.
Demat Account
1. If you are already a client of Angel One, apply directly for Sigachi Industries IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.
Sigachi Industries – Noteworthy Highlights
Here are some noteworthy highlights associated with the public issue of Sigachi Industries that prospective investors should keep in mind before investing –
1. Sigachi Industry has 30+ years of experience with multiple manufacturing units in India and 15+ centres across the globe.
2. The company has the capacity to produce 50+ different grades of MCC products.
3. Also, it has more than 200 clients across 40 countries, and 60% of Sigachi Industries’ products get exported.
4. As of March 2021, the company has a total manufacturing capacity of 13,128 MTPA spreading across 3 locations.
Sigachi Industries IPO - SWOT Analysis
Competitor Analysis: Market Peers
Here is an overview of how the listed market peers of Sigachi Industries are performing on 27 October 2021 –
Competitor | Sector P/E | Market Cap. (in INR and crores) | Dividend Yield |
Tatva Chintan Pharma Chem Ltd | 78.96 | Rs. 6,028 | NA |
Clean Science and Technology Ltd | 78.96 | Rs. 22,676 | NA |
GFL Ltd | 50.76 | Rs. 888 | NA |
Vishnu Chemicals Ltd | 70.56 | Rs. 936 | 0.13 |
Sreechem Resins Ltd | 53.45 | Rs. 13 | NA |
Gujarat Alkalies & Chemicals Limited | 34.91 | Rs. 5,676 | 1.04 |
TCM Limited | 57.78 | Rs. 27 | NA |
Laxmi Organic Industries Ltd | 50.76 | 12,508 | 0.11 |
Sigachi Industries IPO FAQs
Can I apply for this Sigachi Industries IPO without using a UPI ID?
What is the process of applying for the Sigachi Industries IPO using the Angel One App?
Step 1: Visit the ‘investment opportunities’ segment on the Angel One mobile app
Step 2: Visit the ‘IPOs and FPOs’ section and enter the needed information
Step 3: Provide your NPCI approved UPI handle
Step 4: Click on ‘invest’ and enter your bid for this public offering of Sigachi Industries
How to create a UPI ID using the BHIM App?
Step 1: Download and install the BHIM UPI app on your smartphone
Step 2: Authenticate your mobile number and generate a PIN or password required to use this app
Step 3: Select a bank from the list of financial institutions mentioned in NPCI’s approved list
Step 4: This BHIM UPI App will then collect your bank account information automatically
Step 5: In case you have multiple bank accounts, select one that you want to register and link with this app
Step 6: Set up a personal UPI ID for security reasons
You can then see your UPI ID later in the ‘Profile’ section of this app.
How swift can I expect to receive a UPI mandate request after submitting bids for this IPO?
What is the process of accepting a mandate request for this IPO?
Is it mandatory to revert to a UPI mandate request immediately?
Even though I have accepted the IPO; its position on the Angel One app is still displaying pending. What is the reason for that?
I cannot apply for this public issue of my existing UPI handle. What can be the reason?
What is a cut-off price? Can I apply at this price point?
I cannot find my UPI ID in the dropdown menu of the Angel One App while applying for IPO. What is the reason?
Can I use a bank account not linked with the Angel One app to apply for this public issue of Sigachi Industries?
Is it possible to use current accounts to submit bids for this IPO of Sigachi Industries?
Can I use my minor daughter’s bank account to bid for the public issue of Sigachi Industries?
Can I utilise my Hindu Undivided Family account to apply for the Sigachi Industries IPO?
Can I alter my bid for the Sigachi Industries IPO after confirming its final application?
Can I submit more than one bid for the initial public offering of Sigachi Industries using a single PAN?
Can NRIs apply for this Sigachi Industries IPO through the Angel One App?
I have finished the application for IPO, but the funds are not debited yet. What is the reason?
How to ensure allotment for this public issue of Sigachi Industries?
However, you should keep in mind that the Angel One platform only permits you to apply for an initial public offering, but it does not offer any guarantee regarding allotment. However, you can improve your chances by following some tips –
●Using a Demat Account linked with your PAN
●Applying at the cut-off price
●Confirm that your bank account and UPI ID are linked through a single PAN, and failing to keep that can lead to rejection. For instance, person X has applied for the Shriram Properties IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to –
●Person Y’s UPI ID is not linked with X’s PAN
●Person X’s Demat account is not linked with Y’s bank account
What are the likely reasons behind the rejection of my IPO application for Sigachi Industries?
●Entering a wrong UPI PIN while approving a UPI mandate
●Failing to ensure that your UPI ID, bank account, and Demat account are linked with the same PAN
For example, in case you use your friend’s UPI ID to make payment and personal Demat account to apply for this public issue. In that case, your application can get rejected –
●If your PAN and your friend’s UPI ID are not linked
●If your Demat account is not connected with your friend’s bank account