Sigachi Industries Incorporated in 1989, is engaged in manufacturing of Microcrystalline Cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. The company manufactures MCC of various grades ranging from 15 microns to 250 microns and the major grades of MCC manufactured and marketed by the company are branded as HiCel and AceCel. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. The company has an in-house R&D division equipped with the necessary facilities to carry out all necessary trials to develop new molecules from concept to commissioning.
The company has received various quality certifications and operates 3 manufacturing units namely, Unit I situated at Hyderabad, and two manufacturing units, Unit II and Unit III situated at Jhagadia and Dahej, in Gujarat. As of March 31, 2021, company’s total MCC manufacturing capacity is 13,128 MTPA from three locations.
Competitive Strengths
- One of the leading manufacturers of MCC in India.
- Long-standing market presence in Pan India and Internationally.
- Experienced management team.
- Wide product portfolio and ability to serve diverse end-use applications.
- Long-term relationships with customers in diverse industry verticals
- Investments and a strong focus on R&D.
- Quality assurance and quality control in products and facilities.
- Strategically located, multi-locational manufacturing facilities.
- Government incentives
Sigachi Industries Limited IPO Tentative Timetable
| Particular | Date |
| IPO Open Date | 01 Nov 2021 |
| IPO Close Date | 03 Nov 2021 |
| Allotment Date | 10 Nov 2021 |
| IPO Listing Date | 15 Nov 2021 |
Sigachi Industries Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 161 to Rs. 163 Per Equity Share |
| Market Lot | 90 Share |
| NSE Symbol | |
| BSE Symbol | |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 125 Crore. |
Sigachi Industries Limited Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 90 | Rs. 14670 |
| Maximum | 13 | 1170 | Rs. 190710 |
Sigachi Industries Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2021 | 31 March 2020 | 31 March 2019 |
| Total Assets | 1334.07 | 1091.43 | 914.62 |
| Total Revenue | 1960.10 | 1439.49 | 1328.77 |
| Profit After Tax | 302.60 | 203.15 | 190.12 |
Company Promoters:
Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers Private Limited are the company promoters.
Objects of this Issue:
The net proceeds from the IPO will be utilized for the following purposes;
1. Funding capital expenditure:
- for expansion of production capacity for MCC at Dahej, Gujarat 28.15 crores
- for expansion of production capacity for MCC at Jhagadia, Gujarat 29.24 crores
- funding capital expenditure to manufacture CCS at the Proposed Unit 32.29 crores
2. General corporate purposes
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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/ | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
