Sigachi Industries IPO share allotment status: How to check online on BSE | Tech News

Sigachi Industries IPO share allotment status: How to check online on BSE

Sigachi Industries IPO share allotment status: You can check the initial public offering (IPO) allotment status of Sigachi Industries online on BSE. Know how to.

By: HT TECH
| Updated on: Aug 21 2022, 21:46 IST
Sigachi Industries IPO share allotment status: You can visit BSE website, bseindia.com, to check your IPO share application status.
Sigachi Industries IPO share allotment status: You can visit BSE website, bseindia.com, to check your IPO share application status. (AFP)

Sigachi Industries IPO share allotment status: After closing the bidding on its public offering last week, microcrystalline cellulose manufacturing company Sigachi Industries completed the share allotment on November 10. You can see the initial public offering (IPO) allotment status of Sigachi Industries online now.

As the share allotment has been completed, 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.

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According to IPO Watch and IPO Central, Sigachi Industries shares traded at a huge premium of 200, resulting in a grey market price of 363 compared to the final issue price of 163, a premium of 122.7 percent in percentage terms. The firm raised 125.43 crore in its first public offering (IPO) by issuing 76.95 lakh equity shares at a price of 163 each, comprising 25.03 percent of the fully diluted post-issue paid-up equity share capital.

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How to check Sigachi Industries IPO share status on BSE

To check the Sigachi Industries IPO application status online at Bombay Stock Exchange (BSE), you need to log in first at the BSE link - bseindia.com/investors/appli_check.aspx.

Following that, select the Sigachi Industries IPO option and then enter your Sigachi IPO application number.

There, you need to enter your PAN car number, and then click on 'I'm not a robot'. Following that, finally tap on the 'Submit' button. Here, you will be able to see your Sigachi Industries IPO 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: Top numbers

The initial public offer of microcrystalline cellulose manufacturer Sigachi Industries received:

1. 101.91 times subscription on the last day of the offer. 

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

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

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

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

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

Unistone Capital was the manager to the offer.

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First Published Date: 11 Nov, 09:49 IST
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