Sigachi Industries IPO share allotment status online now; know how to check

Sigachi Industries IPO share allotment status: The initial public offering (IPO) allotment status of Sigachi Industries was announced on November 10, after the closing of bidding on its public offering last week. Following the announcement of share allotment, the bidders in the Sigachi Industries IPO will be able to check allotment status online via BSE or at the official registrar's website of Sigachi Industries, which is BigShare.

Following the completion of share allotment, ineligible investors will get their refund of shares by November 11 whereas by November 12th, qualifying investors will get their equity shares in their demat accounts.

By November 15, the trading in equity shares will be available on the BSE and NSE. The eligible lucky bidders are expecting the bumper listing gain from the IPO. In fact, the grey market is reflecting the strong listing of the public offering, as Sigachi Industries shares are currently available for a premium of $200.

How to check Sigachi Industries IPO share status on BSE

To check the Sigachi Industries IPO application status online at the company's Registrar’s office that is Bigshare Services Pvt Ltd, you first need to visit the website - https://www.bigshareonline.com/ipo_Allotment.html and select the company name ‘Sigachi Industries Limited’.

Following that, select any one of the three available servers and then from the dropdown menu select the name of the IPO.

You will find three options available to choose either from Application number, Beneficiary ID or PAN ID. After choosing your option, enter the required details and finally tap on the 'search' button. You will get your allotment status on your screen.

Sigachi Industries, the microcrystalline cellulose manufacturing company was incorporated in 1989, which is widely used as an excipient for finished dosages in the pharmaceutical industry. With an annual capacity of 11,880 million tonnes, the company currently produces 59 different grades of MCC at its manufacturing plants in Hyderabad and Gujarat.

Sigachi Industries IPO: Stats

The Sigachi Industries IPO received:

a. 101.91 times subscription on the last day of the offer.

b. IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer

c. Non-institutional investors' portion was subscribed 172.43 times

d. Qualified Institutional Buyers (QIBs) portion was subscribed 86.51 times

e. Retail Individual Investors (RIIs) portion was subscribed 80.49 times.

f. Sigachi Industries IPO price range was ₹125.42 crore at ₹161-163 per share.