Sigachi Industries Ltd. IPO

It is engaged in manufacturing microcrystalline cellulose (“MCC”) which is widely used as an excipient for finished dosages in the pharmaceutical industry.

RHP
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DRHP
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Open Date

2021-11-01

Close Date

2021-11-03

IPO Details

Check out the issue details for Sigachi Industries Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 164

Price Band

₹ 161 - 163

Issue Size

125.43 Cr.

Issue Type

Book Built

Open

2021-11-01

Close

2021-11-03

Listingprice

₹ 570

ListingGain

247.56%

Listing Date

2021-11-15

CMP

₹ 83.9

Current Return

-48.84%

Company Financials

You can get the following financial statements of Sigachi Industries Ltd. as of now.

Subscription Details

The details about the Sigachi Industries IPO is as:

  • The issue size of the IPO is 125.43 Cr.
  • The price band ranges from Rs 161 to Rs 163.
  • The shares will list on 15th November 2021.
  • The latest tentative GMP of Sigachi Industries IPO is Rs 235.
  • Sigachi Industries IPO is subscribed 101.91 times as of 3rd November.

 

Sigachi Industries IPO Valuation

The approx valuation of Sigachi Industries IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 163
Existing Shares (Qty) 2.30 Cr
Fresh Issue  125.43 Cr
Market Cap 500.33
EPS (FY21) Rs 13.13 
PE Ratio 12.41x
Industry PE No peers

 

Sigachi Industries IPO Issue Size

Sigachi Industries IPO issue size is 125.43 Cr

Issue Amount
Fresh Issue  125.43 Cr
Offer For Sale 0

 

Sigachi Industries IPO Market Lot

An Individual can apply for a minimum 1 lot of 90 shares and a maximum of 13 lots of 1170 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 90 Rs 14,670
 Maximum 13 1170 Rs 1,90,710

 

Sigachi Industries IPO share offer

Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 86.51 Times
Non-Institutional Minimum 15% 172.43 Times
Retail Individual Minimum 35% 80.49 Times
Total   101.91 Times

 

Sigachi Industries IPO Grey Market Premium

As on GMP (Tentative)
10 November 2021 Rs 200
11 November 2021 Rs 200
12 November 2021 Rs 200
13 November 2021 Rs 200
14 November 2021 Rs 235

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Sigachi Industries IPO:

Schedule Date
Basis of Allotment 10 November 2021
Refunds 11 November 2021
Credit to Demat Account 12 November 2021
IPO Listing Date 15 November 2021

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 127.91 138.82 187.94 249.4 290.32
Total Expenditure 101.41 114.12 150.61 199.01 234.51
Operating Profit 26.49 24.7 37.34 50.4 55.81
Other Income 3.89 4.89 3.25 2.63 6.67
Interest 3.32 2.18 1.16 1.16 4.29
Depreciation 1.67 1.96 2.31 2.9 6.62
Exceptional Items 0 0 0 0 0
Profit Before Tax 25.39 25.45 37.12 48.97 51.58
Provision for Tax 5.72 5.03 8.06 10.94 10.02
Net Profit 19.68 20.42 29.06 38.03 41.56
Adjusted EPS (Rs.) 0.09 0.09 0.13 0.12 0.14

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 3.07 7.68 7.68 30.74 30.74
Total Reserves 43.47 58.88 87.21 196.44 234.83
Borrowings 1.23 1.91 1.89 1.21 1.01
Other N/C liabilities 3.23 3.56 5.14 6.36 29.75
Current liabilities 39.78 37.29 31.85 49.62 72.59
Total Liabilities 90.79 109.32 133.77 284.37 368.92
Assets
Net Block 28.51 31.59 37.96 53.41 121.72
Capital WIP 2.29 3.13 3.74 9.71 34.9
Intangible WIP 0 0 0 0 0
Investments 0.13 0.13 0.28 0.28 1.85
Loans & Advances 1.38 2.35 4.43 11.75 20.97
Other N/C Assets 0 0 0 31.91 18
Current Assets 58.49 72.12 87.36 177.31 171.48
Total Assets 90.79 109.32 133.77 284.37 368.92
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 1.29 1.55 1.63 1.09 1.68
Profit Before Tax 11.74 12.17 13.63 10.76 13.76
Tax 2.42 2.74 3.49 2.38 2.99
Profit After Tax 9.32 9.43 10.14 8.38 10.77
Adjusted EPS (Rs) 0.3 0.31 0.33 0.27 0.33

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 48.49 0
Sep 2023 48.49 0
Jun 2023 48.49 0
Mar 2023 48.49 0
Dec 2022 48.49 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 25.39 25.45 37.12 48.97 51.58
Adjustment 4.96 4.07 3.35 3.48 7.53
Changes in Assets & Liabilities -10.8 -12.72 -6.09 -36.12 -20.24
Tax Paid -5.1 -4.86 -6.57 -10.97 -11.19
Operating Cash Flow 14.52 11.93 27.9 5.35 27.68
Investing Cash Flow -5.95 -6.83 -11.43 -62.87 -92.83
Financing Cash Flow -8.9 3 -8.82 108.38 26.28
Net Cash Flow -0.34 8.1 7.65 50.87 -38.86
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