Sigachi Industries IPO share allotment finalised: Here is how to check

November 11, 2021 - By admin

Read Time:1 Minute, 52 Second

Microcrystalline cellulose manufacturer Sigachi Diligence on November 10 finalised the share allotment after closing the bidding on its public issue last week. The operation status can be checked online moreover on the BSE website or IPO register’s website, by following many easy way.

First option is to open the link on the IPO register’s website, Bigshare Services
.a) Elect the company name (Sigachi Diligence Limited) from the dropdown menu,
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b) Choose between- Visage Number, or Operation Number/ CAF Number (Composite Application Form), or Beneficiary id-from the drop down menu in the Selection Type field.
c) And eventually click on the Hunt button.
a) Elect Equity in the Issue Type field, and Issue Name (Sigachi Diligence Ltd)
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b) Enter Operation Number and Visage Number

c) Eventually check the box (I am not a robot) and click on the Hunt button.

The refunds will be credited to the bank accounts of unprofitable investors by November 11 and equity shares will be transferred to the demat accounts of eligible investors by November 12.

Eventually, the trading in equity shares will commence on the BSE and NSE with effect from November 15.

To Know All IPO Related News, Click Then
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Sigachi Diligence shares traded at a massive decoration of Rs 200, performing into a slate request price of Rs 363 compared to final issue price of Rs 163, a decoration of122.7 percent in chance terms, as per the IPO Watch and IPO Central The company raised Rs125.43 crore through its IPO by issuing76.95 lakh equity shares at a price of Rs 163 per share, Constituting25.03 percent of the completely adulteratedpost-issue paid-up equity share capital After reducing issue charges of Rs15.3 crore, Sigachi Diligence will use the issue proceeds of Rs110.13 crore for expansion of product capacity for microcrystalline cellulose (MCC) at Dahej & Jhagadia, Gujarat; and manufacturing croscarmellose sodium (CCS), a modified cellulose used as excipient at Kurnool, Andhra Pradesh Incorporated in 1989, the company is engaged in manufacturing microcrystalline cellulose which is extensively used as an excipient for finished tablets in the pharmaceutical assiduity. Presently, it manufactures 59 different grades of MCC at manufacturing units in Hyderabad and Gujarat with an total installed capacity of million tonnes per time.