Keep up with personal finance and investing trends. Stock Market, Mutual Funds, Insurance, and lot more.
All that you should know about the Company before applying for the IPO.
The public issue of equity shares of Sigachi Industries Limited will open for subscription on November 01, 2021 and closes on November 03, 2021 It is expected to list on the stock exchanges on November 15, 2021 What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 1989, the Company is one of the leading manufacturers of MCC (cellulose based excipients) in India. MCC (Microcrystalline Cellulose) has varied applications in the pharmaceutical, food, nutraceuticals and the cosmetic industries. It is widely used as an excipient for finished dosages in the pharmaceutical industry. The Company manufactures 59 different grades of MCC. The major grades of MCC that it manufactures and markets are branded as HiCel and AceCel.
It has 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 export its products to 41 countries including Australia, USA, South America, U.K., Poland, Italy, Denmark, China, among others. Its exports business account for about 73% of its total sales (in FY 21). The Company operates 3 manufacturing units – one unit situated at Hyderabad and other two are situated in Gujarat (at Jhagadia and Dahej).
Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers Private Limited
Some of the key strengths of the Company are listed below.
There are no listed peers in India
Given below are the objectives of the Company –
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects –
The Offer is a 100% Fresh issue.
|IPO Size||₹ 125.43 Crore*|
|Offer Mix||100% Fresh Issue|
|Price Band||₹ 161 - ₹ 163|
|Lot Size||90 Shares (& in multiples thereof)|
|Face Value||₹ 10|
|Application Amount||Min. ₹ 14,670 (1 lot) | Max. ₹ 1,90,710 (13 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||Bigshare Services Private Limited|
|Cut-off time for UPI Mandate Confirmation||08-Nov-2021 (up to 12:00 PM)|
|QIB||₹ 62.72 Crore (50% of the Issue Size)|
|NIB||₹ 18.81 Crore (15% of the Issue Size)|
|Retail||₹ 43.90 Crore (35% of the Issue Size)|
|IPO Opens||November 01, 2021|
|IPO Closes||November 03, 2021|
|Finalization of the basis of allotment||November 10, 2021|
|Unblocking of funds / Initiation of refunds||November 11, 2021|
|Credit of equity shares to Demat accounts||November 12, 2021|
|Listing of equity shares||November 15, 2021|
Apply online in just 5 minutes!Apply Now Investment in securities market is subject to market risks, read all the related documents carefully before investing.
Wealthstreet is one-stop solution for all your financial requirements.
© 2021 Wealthstreet Financial Services Private Limited. All Right Reserved.
Wealthstreet refers to Wealthstreet Financial Services Private Limited. Wealthstreet Financial Services Private Limited: INZ000157331 (Member of NSE, BSE and MCX). Wealthstreet Financial Services Private Limited acts in the capacity of a distributor for Mutual Funds having AMFI Registration Number – 118251.
Mutual Fund Investments are subject to market risks. Please read all scheme related documents carefully before investing. Investment in the securities involves risks. The user is required to undergo risk profiling before investing. Guided view is indicative in nature and is based on the information provided by the user voluntarily. Each user of this information should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred here (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. Past performance is not necessarily a guide to future performance.
The information contained in this website is for general information purposes only. The information is provided by Accord Fintech Private Limited. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the timeliness, completeness, accuracy, reliability, suitability or availability with respect to the website or the information or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. Wealthstreet Financial Services Private Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this website.
Content Powered by Accord Fintech Pvt. Ltd.
Broking and DP services offered by Wealthstreet Financial Services Private Limited under SEBI Registration No.: INZ000157331 (Member of NSE, BSE and MCX) and IN-DP-CDSL-361-2018 (DP with CDSL). Investor grievance resolution team, Tel: 079-66775500, Email ID: firstname.lastname@example.org. Name of the Compliance Officer for Trading & DP – Mr. Suren Pandya, Email ID: email@example.com. Corporate Office: A – 1101, Mondeal Heights, S.G.Highway, Ahmedabad – 380015.; Tel. 079-66775500.
Link to SCORES portal – https://www.scores.gov.in/scores/Welcome.html