Sigachi Industries IPO GMP - Sigachi Grey Market Premium
Sigachi Industries is running grey market premium of 60%. According to Grey Market Premium, the Sigachi is likely to have a great listing. Sigachi Industries will be listed on 15th November 2021. Know everything about Sigachi Industries IPO - Sigachi Industries IPO GMP (Sigachi Industries Grey Market Premium), IPO Date, Sigachi Industries IPO Review, All important dates, Benifits and Risk. We will update Grey Market Premium everyday. Everytihing about Sigachi Industries IPO is given below.
Sigachi Industries IPO
Sigachi Industries is going to bring its IPO to the market on November 01. You can apply for Sigachi Industries IPO from 01 October 2021 to 03 November 2021. Sigachi Industries is looking to raise ₹125 crore through an IPO. Sigachi IPO Price band is ₹161 - ₹163. Sigachi IPO will be listed on November 15. The IPO of Sigachi Industries will be listed on NSE and BSE.
The price band of Sigachi Industries IPO is ₹161 to ₹163. If we talk about quota for IPO, then retail quota is 35%, QIB 50%, and HNI 15%. The company recorded a profit of about ₹30 crores till March 2021, while in March 2020 the company had a profit of ₹20 crores. Read about Nykaa IPO. Sigachi Industries's grey market premium is running around 50%.
What is Sigachi Industries IPO GMP today?
Sigachi Industries IPO GMP: ₹200.
What is the Sigachi Industries IPO Price Band?
Sigachi Industries IPO Price band is ₹161 - ₹163.
What is Sigachi Industries IPO Expected Return?
Sigachi Industries IPO Expected Returns is 80-90%.
About Sigachi Industries
Sigachi Industries was incorporated in 1989. The company is one of the leading players in Pharma Excipients, Nutraceuticals, and Food Ingredients. Sigachi Industries is one of the largest manufacturers of microcrystalline cellulose in the world. Sigachi Industries manufactures Microcrystalline Cellulose (MCC), which is widely used in the pharmaceutical industry.
MCC (Microcrystalline Cellulose) is used in the pharmaceutical, food, nutraceuticals, and cosmetic industries. The company has a worldwide supply chain with a worldwide customer base. The company has emerged as a reliable supplier for its products in Asia, Australia, the American continent, Europe, and the Middle East.
The company majorly manufactures various grades of Microcrystalline Cellulose (MCC) ranging from 15 microns to 250 microns. The company has an in-house R&D division that is equipped with the necessary facilities to conduct all the necessary tests to develop new molecules from concept to commissioning.
Official Website: Sigachi Industries Limited
Purpose of the offer
- To finance capital expenditure.
- For the expansion of the MCC production capacity of the company.
- For capital expenditure for the construction of CCS on the proposed unit by the company.
- To serve the general corporate purpose.
Sigachi Industries GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 12 November | ₹ | ₹ | ₹ |
| 11 November | ₹ | ₹ | ₹ |
| 10 November | ₹200 | ₹250 | ₹12000 |
| 09 November | ₹200 | ₹350 | ₹12000 |
| 08 November | ₹190 | ₹350 | ₹12000 |
| 07 November | ₹190 | ₹350 | ₹12000 |
| 06 November | ₹190 | ₹350 | ₹12000 |
| 05 November | ₹190 | ₹350 | ₹12000 |
| 04 November | ₹190 | ₹350 | ₹12000 |
| 03 November | ₹180 | ₹350 | ₹10000 |
| 02 November | ₹160 | ₹300 | ₹8000 |
| 01 November | ₹150 | ₹300 | ₹6000 |
| 31 October | ₹110 | ₹250 | ₹6000 |
| 30 October | ₹110 | ₹250 | ₹6000 |
| 29 October | ₹100 | ₹250 | ₹5000 |
| 28 October | ₹80 | ₹250 | ₹4500 |
| 27 October | ₹- | ₹- | ₹- |
| 26 October | ₹- | ₹- | ₹- |
| 25 October | ₹- | ₹- | ₹- |
Sigachi Industries IPO Date and Price Band Details
Sigachi Industries IPO open date: 01 November 2021, Closing date: 03 November 2021, and Listing date: 15 November 2021. The price band of Sigachi Industries IPO is ₹161 to ₹163 per share. Sigachi Industries IPO issue size is Rs 125 crores. Sigachi Industries Ipo retails quota is 35%, QIB Portion is 50% and NII Portion 15%.
| IPO Open: | 01 November 2021 |
| IPO Close: | 03 November 2021 |
| Listing Date: | 15 November 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹125 Cr. |
| Fresh Issue: | Approx 7,695,000 Equity Shares |
| Offer For Sale: | N/A |
| Price Band: | ₹161 to ₹163 per share |
| Face Value: | ₹10 / Equity share |
| PE: | -- |
| Issue Type: | Book Build |
| Retail Quota: | 35% |
Sigachi Industries IPO Market Lot & Size
Sigachi Industries IPO's minimum lot size is 90 shares with ₹14,670 application amount and the maximum lot size is 1170 shares with ₹190,710 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 90 Shares |
| Minimum Amount: | ₹14,670 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 1170 Shares |
| Maximum Amount: | ₹190,710 |
Sigachi Industries IPO Allotment & Listing Date
| Ipo Opening Date: | 01 November 2021 |
| IPO Closing Date: | 03 November 2021 |
| Basis of Allotment: | 10 November 2021 |
| Refund Date: | 11 November 2021 |
| Credit to Demat Account: | 12 November 2021 |
| Listing Date: | 15 November 2021 |
Sigachi Industries IPO Review
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Strength
- The company is one of the leading manufacturers of MCC in India.
- The company has a long market presence in India and internationally.
- The company has an experienced management team.
- The company has a wide product portfolio and the capability to serve diverse end-use applications.
- The company has a long-term relationship with its customers.
- The company has a strong focus on R&D.
- The company has quality assurance and control in its products and facilities.
- The company's financials are also good
- The company has a highly experienced management team.
Risks
- If the quality of the company declines, then the long-standing relationship with the customers can get spoiled.
- The company has to continuously focus on R&D
- At present, the company is continuously increasing its profit, but a big question is whether the company is able to keep itself profitable or not.
Sigachi Industries Financials
Sigachi Industries Financials (in INR Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹91 | ₹132 | ₹19 |
| 2020 | ₹109 | ₹143 | ₹20 |
| 2021 | ₹133 | ₹196 | ₹30 |
Promoters
- Amit Raj Sinha
- Rabindra Prasad Sinha
- Chidambarnathan Shanmuganathan
- RPS Projects & Developers Private Limited
Sigachi Industries IPO Registers
Bigshare Services Private Limited
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Managers
- Unistone Capital Pvt Ltd
Company Contact and Address
Sigachi Industries Limited
229/1 & 90, Kalyan’s Tulsiram Chambers,
Madinaguda, Hyderabad- 500 049,
Telangana, India
Phone: +91 040 4011 4874
Email: cs@sigachi.com
Website: https://sigachi.com
Conclusion
The company is a market leader in its field, as well as the presence of the company is not only in India but also in many foreign countries. If you look at the company's financials, the company has continuously increased its profit over the years. You can go for a great listing as well as apply for a longer tenure. If we talk about us, then our reaction is positive about sigachi industries IPO. You should do more research about the company before applying. Which will help you to make better decisions.
FAQs About Sigachi Industries Ipo
What is the opening date of Sigachi Industries IPO?
Sigachi Industries IPO's opening date is 01 November 2021.
What is Sigachi Industries IPO GMP Today?
Sigachi Industries IPO GMP is ₹200.
What is the Sigachi Industries IPO Closing date?
Sigachi Industries IPO Closing date is 03 November 2021.
What is the Sigachi Industries IPO allotment date?
Sigachi Industries IPO allotment date is 10 November 2021.
What is the Sigachi Industries IPO listing date?
Sigachi Industries IPO listing date is 15 November 2021.
What is the Sigachi Industries IPO Price band?
Sigachi Industries IPO price band is ₹161 to ₹163.
What is Sigachi Industries IPO Expected Returns after Listing?
Sigachi Industries IPO Expected Returns is 60% to 70%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Sigachi Industries Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Sigachi Industries Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
!Note:- Sigachi Industries IPO official details are announced. Sigachi Industries IPO Grey Market Premium (GMP) is given above. You can visit our page for daily Sigachi Industries IPO grey market premium and Other important updates.
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