Sigachi Industries IPO GMP : Check out Sigachi Industries Limited IPO Issue Date, Price

The company was incorporated as a private limited company in 1989, with the business to manufacture chlorinated paraffin and hydrochloric acid in its manufacturing unit situated at Hyderabad. In the year 1990, the company diversified its product portfolio to manufacture microcrystalline cellulose (“MCC”). The company commenced its export operations in the year 1996 by exporting its first order of MCC to Bangkok.

Owing to the consistent efforts of the company, the sale from its export operations constituted 32% of its total sales during the financial year ending March 31, 2004. In the year 2000, with an aim to diversify its business activities, the company started manufacturing premium grade microcrystalline cellulose by successfully commissioning a spray drier and a multi-fuel furnace, which in turn also increased its manufacturing capacity from 720 metric tonnes per annum to 1,080 metric tonnes per annum.

Price Range : Rs. 161 – 163

Minimum Investment : Rs.14490

Minimum Quantity: 90

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Dates

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. [*] per equity share (including a securities premium of Rs. [*] per equity share) (The Issue Price), aggregating upto Rs. [*] crores (Issue).

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The Issue shall constitute [*]% 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 is [*] times the value of the equity shares.

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