Sigachi Industries IPO subscription to start from November 01, Monday. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The IPO subscription will close on November 03, 2021, Wednesday. The company to raise ₹125 crores via IPO at a price band of ₹161 to ₹163. The minimum bid for the IPO is 90 shares that cost ₹14,670 for l lot. The grey market is going strong above ₹100 and the demand is on a higher side.
The Hyderabad based Sigachi Industries Limited is one of the leader in the field of Pharma Excipients, Nutra and food ingredients. They are one of the largest manufacturer and supplier of Microcrystalline Cellulose in the world. The company reported ₹196 crores of revenues in 2021 against ₹144 crores in 2020. The PAT was stood at ₹30.26 crores in 2021 compared to PAT of ₹20.32 crores in 2020. Please check the Sigachi Industries IPO details over here.
IPOWatch View
We recommend investors to apply the IPO for listing gain & long term gain as well. Investors should look at the QIB and HNI numbers as well as Sigachi Industries grey market premium movement before investing. Check the Sigachi Industries IPO allotment status here.
Sigachi Industries IPO Subscription Status (Final Data)
(Over Susbcribed)
The Sigachi Industries IPO subscribed 101.91x on day 3. The subscription comprises Qualified Institutional Buyer (QIB) 86.51x, Non-institutional Bidders (NII) 172.43x and Retail (RII) 80.49x.
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.57x | 0.80x | 86.51x |
| NII | 4.44x | 16.99x | 172.43x |
| RII | 16.81x | 38.49x | 80.49x |
| Total | 9.52x | 23.12x | 101.91x |
Sigachi Industries IPO Date & Price Band
| IPO Open: | 01 November 2021 |
| IPO Close: | 03 November 2021 |
| IPO Size: | Approx ₹125 Crores |
| Fresh Issue: | Approx 7,695,000 Equity Shares |
| Offer for Sale: | Approx N/A |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹161 to ₹163 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Sigachi Industries IPO Market Lot
| Minimum Lot Size: | Minimum 90 Shares for 1 lot |
| Minimum Amount: | ₹14,670 for 1 lot |
| Maximum Lot Size: | Maximum 1170 Shares for 13 lot |
| Maximum Amount: | ₹190,710 for 13 lot |
Sigachi Industries IPO Date, Time Table, Allotment & Listing
| Price Band Announcement: | 26 October 2021 |
| Anchor Investors Allotment: | 29 October 2021 |
| IPO Open Date: | 01 November 2021 |
| IPO Close Date: | 03 November 2021 |
| Basis of Allotment: | 10 November 2021 |
| Refunds: | 11 November 2021 |
| Credit to Demat Account: | 12 November 2021 |
| IPO Listing Date: | 15 November 2021 |
Sigachi Industries IPO Subscription FAQs:
When Sigachi Industries IPO Subscription will start?
The IPO subscription starts on November 01, 2021 for QIB, NII, and Retail Investors.
How much Sigachi Industries IPO subscribed?
The IPO subscribed 101.91x times on day 3.
What is Sigachi Industries IPO Retail subscription status?
The RII subscription is 80.49x on day 3.
How to subscribe Sigachi Industries IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How to Apply the Sigachi Industries IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sigachi Industries”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Sigachi Industries IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sigachi Industries”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
How do i check live Sigachi Industries IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
