Sigachi Industries raises ₹38 crore from 2 Anchor Investors

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A Hyderabad based largest manufacturer of Microcrystalline Cellulose, Sigachi Industries raised ₹38 crore from anchor investors on October 29, 2021 Friday before the IPO. The Sigachi Industries IPO to open on November 1, Monday. The company allotted total of 23,08,500 equity shares to 2 anchor investors at a upper price band ₹163. The anchor investors list includes – Mutual Funds through a total of – schemes. The company is going to raise ₹125 crores via IPO. Check out the final list of Sigachi Industries Anchor Investors given below:

Sigachi Industries

List of Sigachi Industries Anchor Investors:

The IPO Committee of the Board of the Directors of the Bank vide its resolution on October 29, 2021, in consultation with Saffron Capital Advisors Private Limited, acting as the book running lead managers to the offers has finalized allocation of 23,08,500 Equity Shares in aggregate, to Anchor Investors at the Anchor Investor Allocation Price of ₹163 per Equity Share (including share premium of ₹153 per Equity Share). The details are given below:

Sigachi Industries Anchor Investors List
Source: BSEIndia
The Sigachi Industries IPO to open on 01 November and closes on 03 November 2021. The price band is fixed at ₹161 to ₹163. Sigachi Industries IPO application minimum bid is for 90 Shares (₹14,670) and maximum bid is 1170 shares (₹190,710). The Book Running Lead Managers of the IPO are Saffron Capital Advisors Private Limited.
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