Sigachi Industries IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The Sigachi Industries IPO will hit the market soon, and you can apply for the IPO from 1st November to 3rd November 2021. Sigachi Industries is planning to raise ₹125.43 Crores through an IPO which consists of fresh issues worth 7,695,000 equity shares. 

Sigachi Industries was incorporated in 1989 in Hyderabad. Sigachi is a leader in the supply of pharmaceutical excipients, Nutra, and food ingredients. Globally, they are the largest manufacturer of Microcrystalline Cellulose. They supply their manufactured products in America, Asia, Australia, Europe, and the Middle East. Check other upcoming IPOs too.

Sigachi Industries IPO Dates & Price Band:

Open date1st November 2021
Close date3rd November 2021
Total Size of IPO₹125Cr.
Fresh Issue  7,695,000 equity shares
Offer for SaleN/A
Price Band₹161- ₹163
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Sigachi Industries IPO Market Lot:

The minimum market lot of Sigachi Industries IPO is 90 shares with 14,670 applications. Retail investors can apply for 13 lots with 1170 shares application worth190,710.

ApplicationLotSharesCut Off Amount
Minimum (RII)19014,670
Maximum (NII)131170190,710

Objectives of Offer- 

  • Funding operational expenses of the company.
  • Funds will be used for the capex in Gujarat at Dahej and Jhagadia manufacturing unit.
  • To meet general corporate purposes.

Should you subscribe to Sigachi Industries IPO?

We have researched and mentioned the strengths and risks of the Sigachi Industries IPO. The final verdict will help you make the right decision.

Strength – 

  • Largest manufacturer of Microcrystalline Cellulose globally. 
  • IPO will be used to fund the capex in Gujarat at Dahej and Jhagadia.
  • Net profit is continuously increasing from the last few years. 
  • Company is able to maintain strong financials in the last 3 years. 
  • Customers are spread across the globe.

Honest Reviews – 

As the market leader in Microcrystalline Cellulose, Sigachi Industries has great strength. As they supply pharmaceutical excipients, they have created a dependency for their customers.

If we take a look at their financial records, it’s a perfect buy for investors as they are able to generate continuous attractive profits. They are also planning for CAPEX in Gujarat at Dahej and Jhagadia which will directly increase their revenues and profits. Sigachi Industries looks like a good bet for value investors.

 Investors can invest for the listing gains in the Sigachi Industries IPO. It’s early to predict but Sigachi Industries IPO can give great listing gains by seeing its grey market premium. You can keep a track of Sigachi Industries IPO GMP here.

Sigachi Industries IPO Allotment & Listing Dates:

Sigachi IPO’s open date is 1st November and the closing date is 3rd November. Allotment of shares will be done on 10th November and the listing date on NSE & BSE is 15th November 2021.

Allotment Date for Sigachi Industries – 10th November 2021
Refund Date for Sigachi Industries – 11th November 2021
Credit of Shares to Demat Account – 12th November 2021
Listing Date for Sigachi Industries – 15th November 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Sigachi Industries IPO:

The financials of Sigachi Industries are very attractive. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
2019132.88108.2719.02
2020 143.6118.3220.67
2021 196.7157.5330.21

Sigachi IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com

Company Address

Sigachi Industries Limited
Registered Office: 229/1 & 90, 4th floor,
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

Sigachi Industries IPO FAQs –


When will Sigachi Industries IPO open for Investors?

Sigachi Industries IPO will open on 1st November 2021 and will close on 3rd November 2021.

What is Sigachi Industries IPO Retail Portion?

The portion allocated for retail investors in Sigachi Industries IPO is 35%

How to apply for Sigachi Industries IPO?

You can apply Sigachi Industries IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Sigachi Industries IPO?

If we take a look at their financial records, it’s a perfect buy for investors as they are able to generate continuous attractive profits. They are also planning for CAPEX in Gujarat at Dahej and Jhagadia which will directly increase their revenues and profits. Sigachi Industries looks like a good bet for value investors.

What is the allotment date for Sigachi Industries shares?

10th November 2021 is the allotment date for Sigachi Industries shares.

What is the listing date for Sigachi Industries IPO?

15th November 2021 is the listing date for Sigachi Industries. It will be listed on NSE and BSE.

What is the cutoff price for Sigachi Industries IPO?

The cutoff price for Sigachi Industries IPO is ₹163 per share.

Will Sigachi Industries IPO give listing gains?

Investors can invest for the listing gains in the Sigachi Industries IPO. It’s early to predict but Sigachi Industries IPO can give great listing gains by seeing its grey market premium. You can keep a track of  Sigachi Industries IPO GMP here.

How to Apply the Sigachi Industries IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sigachi Industries Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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