Company Background
Sigachi is an industry leader in the field of Pharma Excipients, Nutra and food ingredients. The company was incorporated in the year 1989 and has rapidly established itself as one of the largest manufacturers of Microcrystalline Cellulose worldwide. With three Multilocational Facilities in Telangana and Gujarat , Sigachi has ensured supply chain reliability for its customers spread across the Globe.
Business Information
Sigachi’s facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. It has established itself as a quality conscious and dependable supplier in India and across Asia, Australia, American Continent, Europe and Middle East, delivering newer differentiated Products which addresses the unmet needs of the Market.
Company believes in innovation that lies at the heart of Sigachi’s sustained success over three decades. State-of-the-art R & D facility (approved by Government of India, Ministry of Science & Technology, Department of Science and Industrial Research) and experienced experts keep up the innovative spirit to efficiently meet evolving customer demands and ensure company remains market leader in excipient ecosystem.
Facts about the company
Its manufacturing facilities are strategically located
The company has received various quality certifications and operates 3 manufacturing units
As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations.
Points to note before investing in Sigachi Industries IPO
One of the leading manufacturers of MCC in India.
The company has experienced negative cash flows in the past and might continue to do so in the future.
The company is dependent on the demand from the pharmaceutical industry for revenue
Wide product portfolio and ability to serve diverse end-use applications.
Company ensures Quality assurance and quality control in products and facilities.
Sigachi Industries IPO Details
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 |
Allotment, Listing and Refunds details
Basis of Allotment Date | Nov 10, 2021 |
Initiation of Refunds | Nov 11, 2021 |
Credit of Shares to Demat Account | Nov 12, 2021 |
IPO Listing Date | Nov 15, 2021 |
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