Sigachi Industries IPO Date, Review, Price, Form, and Market Lot Details

Sigachi Industries IPO

Most of you might not have heard about Sigachi industries. But I’m sure everyone uses their products in their daily life. Now you must be thinking if it’s a brand that makes daily life uses products it will be profitable. And if it is profitable then we should buy their shares if they are public. Well, we have good news for you. Sigachi Industries IPO is being offered and people are going gaga over it. In this article, we will tell you all about the company and how we use its products. We will also tell you If it will be profitable to invest in the company or if you should avoid investing in it. Read the article to know what you should do when they finally release their IPO. So, let’s start, shall we?

What is Sigachi Industries

Before going into Sigachi Industries IPO let’s talk about what is the nature of the company and how we use its products. Once we get familiar with the company it will be easier to talk about their IPO and financial status. Sigachi Industries was founded in 1989 and specializes in the production of Microcrystalline Cellulose (MCC). MCC is a frequently used excipient for completed doses in the pharmaceutical sector. MCC is used in a variety of sectors, including pharmaceuticals, food, nutraceuticals, and cosmetics. The firm produces MCC in a variety of grades ranging from 15 microns to 250 microns, with the HiCel and AceCel brands being the most popular. The business now produces 59 distinct grades of MCC at its manufacturing facilities in Hyderabad and Gujarat. The firm has an in-house R&D department with all of the essential equipment.

This helps the company in researching and creating new types of MCC from starting to the point where they can be used.

Sigachi Industries IPO

Now let’s talk about its IPO and if you should buy it or not. When we see the financial statement of the company in a glance we will find the following details. In their quarterly report, they mentioned that in the month of March 2021 they had assets worth 1334.7 million rupees. And their total revenue was 1960 Million rupees. Their total profit after the tax was 302,6 million Rupees in March 2021. Later, in their June 2021 report, they showed a total profit of 89 million rupees where their total revenue was 551 million rupees. Now seeing all that data makes us ask several question lets answer them one by one.

 IPO Release date and other details

Here you can find all the details related to the ipo.

IPO Opening Date Nov 1, 2021
IPO Closing Date Nov 3, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹161 to ₹163 per equity share
Market Lot 90 Shares
Min Order Quantity 90 Shares
Listing At BSE, NSE
Issue Size 7,695,000 Eq Shares of ₹10
(aggregating up to ₹125.43 Cr)

Hope we have answered your queries related to Sigachi Industries IPO.

Stay tuned with the global coverage for more information.

Leave a Reply

Your email address will not be published.