Sigachi Industries Limited IPO
Sigachi Industries Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹163
Issue Price
Listing Price
₹575
Listing Price
Listing Gains
+₹412.00 (+252.76%)
Listing Gains
IPO Details
Bidding Dates
01 Nov - 03 Nov '21
Bidding Dates
Min. Investment
₹14,490
Min. Investment
Lot Size
90.00
Lot Size
Price Range
₹161 - ₹163
Price Range
Issue Size
124 Cr
Issue Size
Subscription Rate
- Retail Individual Investor80.49x
- Non-Institutional Investor172.43x
- Qualified Institutional Buyers86.51x
- Employees
About Company
Hyderabad based Sigachi Industries Limited, incorporated in 1989 manufactures MCC. It has various applications. Sigachi Industries manufactures 59 different grades having a range of 15- 250 microns. The major grades are marketed as the HiCel and AceCel, distinguished by the difference in the drying process. HiCel is spray-dried whereas AceCel is bulk-dried. It has an in-built, well-functioning R&D department and 3 manufacturing units; one at Hyderabad, and two at Gujarat with a total installed capacity of 11,880 MTPY.
Why should you invest in Sigachi Industries Ltd. IPO?
Investors should invest in Sigachi Industries Limited IPO if they are considering a medium to long-term perspective. The company has an international and pan Indian long standing market presence along with strategically located functioning units. They are keenly focused on R&D and have a well experienced and resourceful management team.
Sigachi Industries Ltd. IPO - SWOT Analysis
Strengths:
Sigachi Industries has been in the industry for 30 years with a worldwide client presence in over 40 countries. It has a subsidiary manufacturing facility in Virginia, USA.
Weaknesses:
Last year, the liquidity position of Sigachi Industries have been stretched due to its high inventory and receivables. The top 5 suppliers of the company are Canada, South Africa, Thailand, Indonesia and the US. If there is any change in these supply chains, it could affect the company adversely.
Opportunities:
Indian MCC market has huge opportunities for the company since the market is estimated to reach $115 million in 4 years.
Threats:
Significant growth of the unorganized chemical manufacturing market in India and the company’s ardent reliance on its export business can put Sigachi Industries under pressure.
How to apply for Sigachi Industries Ltd. IPO?
You can apply for the Sigachi Industries Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
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