INSUBCONTINENT EXCLUSIVE:
Sigachi Industries received over 1.2 crore bids for its shares in the IPO.Sigachi Industries' three-day share sale via initial public
offering (IPO) was fully subscribed within an hour of opening on the first day of the issue
Sigachi Industries' Rs 125 crore IPO was subscribed 2.29 times by 11:51 am, according to data on the National Stock Exchange
Sigachi Industries received over 1.2 crore bids for 53.86 lakh shares on the offer
A total of 1.03 crore bids were received at the cut-off price, NSE data showed.Sigachi Industries shares were in very high demand among the
retail individual investors as portion set aside for them was subscribed 4.27 times while the portion reserved for qualified institutional
buyers (QIBs) and non-institutional investors was yet to be subscribed, according to data on the stock exchanges.Sigachi Industries is
selling shares in the price band of Rs 161-163 per share and a retail investor can bid for a minimum one lot of 90 shares up to maximum of
At the upper price band one lot of Sigachi Industries shares in the IPO will cost Rs 14,670
The IPO will close of November 3 and its shares are expected to list on stock exchanges on November 15, 2021.Also Read: Should You Invest
(MCC) at its manufacturing units in Hyderabad and Gujarat with an aggregate installed capacity of 11,880 million tonnes per year
With over 30 years of continuous growth, three multi-locational manufacturing facilities and consistent focus on delivering premium quality
product, the company is one of the leading manufacturers of MCC in India.Microcrystalline Cellulose is used as a raw material in making
pharmaceutical and nutraceutical products.Sigachi Industries IPO consists of fresh issue of 77 lakh shares and Unistone Capital Private
Limited is the book running lead manager while Bigshare Services is the registrar for the issue.
