Sigachi Industries

IPO Size

`125.43 Cr

Price Band

`161-163 Per Share

Minimum Lot Size

90 Share

Face Value

`10 Per Share

Employee Discount

NA

Retail Allocation

NA

Issue Open Date

1 Nov, 2021

Issue Close Date

3 Nov, 2021

Listing Date

15 Nov, 2021

About the Company:

Incorporated in the year 1989, with an intent to manufacture chlorinated paraffin and hydrochloric acid in our 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. In the year 2000, to diversify the business activities, our Company started manufacturing premium grade microcrystalline cellulose by successfully commissioning a spray drier and a multi-fuel furnace, which in turn also increased the manufacturing capacity from 720 metric tonnes per annum to 1080 metric tonnes per annum.

The company manufactures 50 different grades of MCC at their manufacturing units, situated in Hyderabad and Gujarat with an aggregate installed capacity of 11,880 MTPY. With over 30 years of continuous growth, three multi-locational manufacturing facilities, and a consistent focus on delivering a superior quality product. The  Company is one of the leading manufacturers of cellulose-based excipients in India, in terms of volume.

Outstanding Litigation:

S.No. 1 - Company 2 - Directors 3 - Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases - - - - - -
Material civil cases - - - - - -
Taxation matters - 1 - - - -
Regulatory Proceedings - - - - - -

Financial Statements:

Income Statement FY21 FY20 FY19
Gross Operating Income 19,601.05 14,394.90 13,287.77
Cost of Employee & Inventory 1,737.52 1,491.35 1,236.79
Other Expenses 15,752.68 11,860.51 8,905.91
EBITDA 4,204.44 2,964.56 2,985.12
Depreciation 231.09 195.7 167.19
Finance Cost 124.97 234.47 345.09
Profit Before Tax 3,848.37 2,534.39 2,472.84
 Tax 822.34 502.83 571.56
Profit After Tax 3,026.03 2,031.56 1,901.28

Promoter of the Company

Rabindra Prasad Sinha,

Peer Comparison

No listed peer company

Objectives of the Issue

Offer for Sale

Nil

Fresh Issue

The net proceeds after deducting the listing expenses will be utilized for:- • Expansion of production facilities for microcrystalline cellulose (MCC) at Dahej, Gujarat; • Expansion of production facilities for microcrystalline cellulose (MCC) at Jhagadia, Gujarat; • General Corporate Purposes

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