Business Standard

Sigachi Industries Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

125.43 cr

Price Range (₹)

163

Lot Size

90

Min Investment (₹)

14,670.00

Listing Exchange

MumbaiNSE

Open Date

01-Nov-2021

Close Date

03-Nov-2021

Listing Date

15-Nov-2021

Sigachi Industries Ltd News

    The Shares of Sigachi Industries Ltd have now been listed.

    Sigachi Industries Ltd IPO Details

    Initial public offering of upto 76,95,000 equity shares of face value Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. 163 per equity share (including a securities premium of Rs. 153 per equity share) (The Issue Price), aggregating upto Rs. 125.43 crores (Issue). The issue constitutes 25.03% of the fully diluted post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The issue price and the anchor investor allocation price is 16.30 times the value of the equity shares. Bids cans be made for a minimum of 90 equity and in multiple of 90 shares thereafter.

    Objective of issue

    Expansion of production facilities for microcrystalline Cellulose(MCC) at Dahej. Expansion of production facilities for microcrystalline (MCC) at jhagadia. General corporate purposes.

    Sigachi Industries Ltd Contact Details

    Sigachi Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@sigachi.com

    Website - www.sigachi.com