Free Account Opening + AMC Free Demat
Loading...
November 1, 2021 - November 3, 2021

Sigachi Industries IPO Basis of Allotment

SIGACHI INDUSTRIES LIMITED

Sigachi Industries Limited was originally incorporated as 'Sigachi Chloro-Chemicals Private Limited' on January 11, 1989 as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Andhra Pradesh. With an intention to diversify our business activities, pursuant to a special resolution of our Shareholders passed in an extra-ordinary general meeting dated March 10, 2012, the name of our Company was changed to 'Sigachi Industries Private Limited' and a fresh certificate of incorporation dated March 29, 2012 consequent to such name change was issued to our Company by the Registrar of Companies, Andhra Pradesh. Subsequently, pursuant to a special resolution of our Shareholders passed in an extra-ordinary general meeting dated November 21, 2019 our Company was converted from a private limited company to a public limited company and consequently the name of our Company was changed to 'Sigachi Industries Limited', and a fresh certificate of incorporation dated December 9, 2019 was issued to our Company by the Registrar of Companies, Telangana at Hyderabad. For details of change in the name of our Company and Registered Office of our Company, see "History and Certain Corporate Matters" on page 189 of the Prospectus.

Registered Office: 229/1 & 90, Kalyan's Tulsiram Chambers, Madinaguda, Hyderabad- 500 049, Telangana, India.
Contact Person: Ms. Shreya Mitra, Company Secretary and Compliance Officer; Telephone: +91 040 4011 4874/75/76;
E-mail: cs@sigachi.com; Website: www.sigachi.com Corporate Identity Number: U24110TG1989PLC009497
OUR PROMOTERS: RABINDRA PRASAD SIN HA, CHIDAMBARNATHAN SHANMUQANATHAN, AMIT RAJ SINHA AND RPS PROJECTS & DEVELOPERS PRIVATE LIMITED

Our Company has filed the Prospectus dated November 08, 2021 with the Registrar of Companies, Telangana at Hyderabad. The Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and the BSE Limited ("BSE") and the trading will commence on or about November 15, 2021.

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 76,95,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH OF SIGACHI INDUSTRIES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.10/- EACH OF SIGACHI INDUSTRIES LIMITED (THE "COMPANY'' OR THE "ISSUER") FOR CASH AT A PRICE OF RS.163/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 153/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 12,542.85 LAKHS ("THE ISSUE"). THE ISSUE CONSTITUTES 25.03% OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY

QIB CATEGORY: UPTO 50% OF THE ISSUE
NON-INSTITUTIONAL INVESTOR CATEGORY: NOT LESS THAN 15% OF THE ISSUE
RETAIL CATEGORY: NOT LESS THAN 35% OF THE ISSUE
ISSUE PRICE: Rs.163 PER EQUITY SHARE OF FACE VALUE OF Rs.10 EACH
THE ISSUE PRICE IS 16.30 TIMES OF THE FACE VALUE OF EQUITY SHARES
ANCHOR INVESTOR ISSUE PRICE: Rs.163 PER EQUITY SHARE

Average cost of acquisition per Equity Share by our Promoters, Rabindra Prasad Sinha is Rs. 1.41, Chidambarnathan Shanmuganathan is Rs. 1.00, Amit Raj Sinha is Rs. 3.93 and RPS Projects & Developers Private Limited is Rs. 2.36 and the Issue Price at upper end of the Price Band is Rs. 163 per Equity Share.For details of build-up of Promoters' shareholding in our Company and Risk Factors, please see "Capital Structure" and "Risk Factors" beginning on pages 71 and 31, respectively, of the of the Prospectus.

BID/ISSUE PERIOD
BID/ISSUE OPENED ON MONDAY, NOVEMBER 01, 2021
BID/ISSUE CLOSED ON WEDNESDAY, NOVEMBER 03, 2021
ANCHOR INVESTOR BIDDING DATE WAS FRIDAY, OCTOBER 29, 2021

The Issue has been made through the Book Building Process, in terms of Rule 19(2)(b)(l) of the Securities Contracts (Regulations) Rules, 1957, as amended (the "SCRR") the Issue was for atleast 25% of the post-issue paid-up Equity Share capital of our Company. The Issue is being made through the Book Building Process, in compliance with Regulation 6(1) of the Securities and Exchange Board of India (Issue Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBIICDR Regulations") wherein upto 15% of the Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", and such portion, the "QIB Portion''), provided that our Company in consultation with the BRLM, may allocate up to 60% of the QIB Portion to Anchor Investors, on a discretionary basis (the "Anchor Investor Portion"), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares are allocated to Anchor Investors. Further, 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allocation to Rlls in accordance with SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price sue Price. All Bidders, shall only participate in the Issue through the Application Supported by Block Amount ("ASBA") process by providing details of their respective bank account (including UPI ID for RIIs using UPI Mechanism) wherein the Bid Amounts will be blocked by SCSBs or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, please refer to "Issue Procedure" beginning on page 331 of the Prospectus.

THE ISSUE RECEIVED 18,27,568 APPLICATIONS FOR 50,82,94,890 EQUITY SHARES (PRIOR TO TECHNICAL REJECTIONS) BUT AFTER REMOVING THE MULTIPLE BIDS, DUPLICATE BIDS AND BIDS NOT BANKED/BLOCKED) RESULTING IN 66.06 TIMES SUBSCRIPTION. THE DETAILS OF THE APPLICATIONS RECEIVED IN THE ISSUE OFFER FROM VARIOUS CATEGORIES ARE AS UNDER (BEFORE TECHNICAL REJECTIONS):

Sr.No. Category Number of Applications Received Number of Shares Bid for Equity shares reserved as per Prospectus No. of times subscribed Amount(Rs.)
1 Retail Individual Bidders 1822342 192503070 2693250 71.48 31369972137
2 Non-Institutional Investors 5176 190579050 1154250 165.11 31064017050
3 Qualified Institutional Bidders (excluding Anchor Investors) 48 122904270 1539000 79.86 20033396010
Total (A) 1827566 505986390 5386500 93.94 82467385197
4 Anchor Investors 2 2308500 2308500 1.00 376285500
Total (B) 2 2308500 2308500 1.00 376285500
Grand Total (A+B) 1827568 508294890 7695000 66.06 82843670697

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/Offer Closing Date at different Bid prices is as under:

SR NO. PRICE NO. OF APPLICATIONS SUM QUANTITY CUMULATIVE SHARE PERCENTAGE
1 161.00 4893 730710 548954820 0.1331
2 162.00 1451 265230 548224110 0.0483
3 163.00 492836 381955680 547958880 69.5787
4 CUT OFF 1573494 166003200 166003200 30.2399
TOTAL 2072674 548954820 100.0000

The Basis of Allotment (except Anchor Investors) was finalized in consultation with the Designated Stock Exchange, being BSE, on November 10, 2021.

A. Allotment to Retail Individual Bidders (after Technical Rejections)

The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off Price or at the Issue Price of Rs 163 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 68.94 times. The total number of Equity Shares Allotted in Retail Portion is 26,93,250 Equity Shares to 29,925 successful Retail Individual Bidders. The category-wise details of the Basis of Allotment are as under:

No. of Shares applied for (Category wise) No. of Applications Received % to Total Total No. of Equity Shares Applied in each Category % of Total No. of Equity Shares allocated per Bidder (after rounding off) Ratio Total No. of Equity Shares allotted
90 1654188 93.99 148876920 80.18 90 1 59 2531340
180 58884 3.35 10599120 5.71 90 1 59 90090
270 16568 0.94 4473360 2.41 90 1 59 25380
360 6934 0.39 2496240 1.34 90 1 59 10620
450 5585 0.32 2513250 1.35 90 1 59 8550
540 2624 0.15 1416960 0.76 90 1 58 4050
630 2505 0.14 1578150 0.85 90 1 60 3780
720 777 0.04 559440 0.30 90 1 60 1170
810 449 0.03 363690 0.20 90 1 56 720
900 1914 0.11 1722600 0.93 90 1 60 2880
990 483 0.03 478170 0.26 90 1 60 720
990 483 0.03 478170 0.26 90 1 60 720
1080 566 0.03 611280 0.33 90 1 57 900
1170 8530 0.48 9980100 5.38 90 13050
GRAND TOTAL 1760007 100.00 185669280 100.00 2693250

B. Allotment to Non-Institutional Bidders (after Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Issue Price of Rs. 163 per Equity Share or above, was finalized in consultation with BSE. The Non-Institutional Portion has been subscribed to the extent of 163.23 times. The total number of Equity Shares Allotted in this category is 11,54,250 Equity Shares to 2059 successful Non- Institutional Bidders. The category-wise details of the Basis of Allotment are as under:

No. of Shares applied for (Category wise) No. of Applications Received % to Total Total No. of Equity Shares Applied in each Category % of Total No. of Equity Shares allocated per Bidder (after rounding off) Ratio Total No. of Equity Shares allotted
1260 1267 25.37 1596420 0.85 90 8 93 9810
1350 311 6.23 419850 0.22 90 29 311 2610
1440 64 1.28 92160 0.05 90 3 32 540
1530 64 1.28 97920 0.05 90 7 64 630
1620 41 0.82 66420 0.04 90 5 41 450
1710 15 0.30 25650 0.01 90 2 15 180
1800 185 3.70 333000 0.18 90 23 185 2070
1890 57 1.14 107730 0.06 90 7 57 630
1980 25 0.50 49500 0.03 90 3 25 270
2070 30 0.60 62100 0.03 90 2 15 360
2160 14 0.28 30240 0.02 90 1 7 180
2160 14 0.28 30240 0.02 90 1 7 180
2250 45 0.90 101250 0.05 90 7 45 630
2340 29 0.58 67860 0.04 90 5 29 450
2430 38 0.76 92340 0.05 90 3 19 540
2520 50 1.00 126000 0.07 90 9 50 810
2610 12 0.24 31320 0.02 90 1 6 180
2700 104 2.08 280800 0.15 90 19 104 1710
2790 18 0.36 50220 0.03 90 1 6 270
2880 3 0.06 8640 0.00 90 1 3 90
2970 25 0.50 74250 0.04 90 1 5 450
3060 101 2.02 309060 0.16 90 21 101 1890
3150 63 1.26 198450 0.11 90 2 9 1260
3240 12 0.24 38880 0.02 90 1 4 270
3330 9 0.18 29970 0.02 90 2 9 180
3420 7 0.14 23940 0.01 90 2 7 180
3510 20 0.40 70200 0.04 90 1 4 450
3600 79 1.58 284400 0.15 90 19 79 1710
3690 24 0.48 88560 0.05 90 1 4 540
3780 14 0.28 52920 0.03 90 2 7 360
3870 9 0.18 34830 0.02 90 2 9 180
3960 6 0.12 23760 0.01 90 1 3 180
4050 14 0.28 56700 0.03 90 2 7 360
4140 2 0.04 8280 0.00 90 1 2 90
4230 13 0.26 54990 0.03 90 4 13 360
4320 17 0.34 73440 0.04 90 5 17 450
4410 5 0.10 22050 0.01 90 1 5 90
4500 68 1.36 306000 0.16 90 21 68 1890
4590 15 0.30 68850 0.04 90 1 3 450
4680 9 0.18 42120 0.02 90 1 3 270
4770 2 0.04 9540 0.01 90 1 2 90
4860 23 0.46 111780 0.06 90 8 23 720
4950 20 0.40 99000 0.05 90 7 20 630
5040 16 0.32 80640 0.04 90 5 16 450
5130 3 0.06 15390 0.01 90 1 3 90
5220 7 0.14 36540 0.02 90 2 7 180
5310 5 0.10 26550 0.01 90 2 5 180
5400 32 0.64 172800 0.09 90 3 8 1080
5490 13 0.26 71370 0.04 90 5 13 450
5580 6 0.12 33480 0.02 90 1 3 180
5670 8 0.16 45360 0.02 90 3 8 270
5760 3 0.06 17280 0.01 90 1 3 90
5850 14 0.28 81900 0.04 90 3 7 540
5940 8 0.16 47520 0.03 90 3 8 270
6030 11 0.22 66330 0.04 90 5 11 450
6120 101 2.02 618120 0.33 90 42 101 3780
6210 32 0.64 198720 0.11 90 7 16 1260
6300 54 1.08 340200 0.18 90 23 54 2070
6390 6 0.12 38340 0.02 90 1 2 270
6480 8 0.16 51840 0.03 90 1 2 360
6570 2 0.04 13140 0.01 90 1 2 90
6660 9 0.18 59940 0.03 90 4 9 360
6750 27 0.54 182250 0.10 90 4 9 1080

 

No. of Shares applied for (Category wise) No. of Applications Received % to Total Total No. of Equity Shares Applied in each Category % of Total No. of Equity Shares allocated per Bidder (after rounding off) Ratio Total No. of Equity Shares allotted
6840 1 0.02 6840 0.00 90 1 1 0
6930 4 0.08 27720 0.01 90 1 2 180
7020 7 0.14 49140 0.03 90 3 7 270
7110 3 0.06 21330 0.01 90 1 3 90
7200 19 0.38 136800 0.07 90 9 19 810
7290 18 0.36 131220 0.07 90 1 2 810
7380 7 0.14 51660 0.03 90 4 7 360
7470 3 0.06 22410 0.01 90 2 3 180
7560 7 0.14 52920 0.03 90 4 7 360
7650 11 0.22 84150 0.04 90 6 11 540
7920 8 0.16 63360 0.03 90 1 2 360
8010 3 0.06 24030 0.01 90 2 3 180
8100 17 0.34 137700 0.07 90 9 17 810
8190 2 0.04 16380 0.01 90 1 2 90
8280 3 0.06 24840 0.01 90 2 3 180
8370 1 0.02 8370 0.00 90 1 1 90
8460 2 0.04 16920 0.01 90 1 2 90
8550 5 0.10 42750 0.02 90 3 5 270
8640 2 0.04 17280 0.01 90 1 2 90
8730 3 0.06 26190 0.01 90 2 3 180
8820 4 0.08 35280 0.02 90 1 2 180
8910 2 0.04 17820 0.01 90 1 2 90
9000 93 1.86 837000 0.44 90 19 31 5130
9090 11 0.22 99990 0.05 90 7 11 630
9180 32 0.64 293760 0.16 90 5 8 1800
9270 15 0.30 139050 0.07 90 3 5 810
9360 4 0.08 37440 0.02 90 3 4 270
9450 6 0.12 56700 0.03 90 2 3 360
9540 3 0.06 28620 0.02 90 2 3 180
9630 4 0.08 38520 0.02 90 3 4 270
9720 5 0.10 48600 0.03 90 3 5 270
9810 8 0.16 78480 0.04 90 5 8 450
9900 18 0.36 178200 0.09 90 2 3 1080
9990 8 0.16 79920 0.04 90 5 8 450
10080 4 0.08 40320 0.02 90 3 4 270
10170 3 0.06 30510 0.02 90 2 3 180
10260 3 0.06 30780 0.02 90 2 3 180
10350 5 0.10 51750 0.03 90 4 5 360
10440 2 0.04 20880 0.01 90 1 2 90
10530 6 0.12 63180 0.03 90 2 3 360
10620 2 0.04 21240 0.01 90 1 2 90
10710 5 0.10 53550 0.03 90 4 5 360
10800 15 0.30 162000 0.09 90 11 15 990
10890 2 0.04 21780 0.01 90 1 2 90
10980 7 0.14 76860 0.04 90 5 7 450
11070 3 0.06 33210 0.02 90 2 3 180
11160 4 0.08 44640 0.02 90 3 4 270
11250 9 0.18 101250 0.05 90 7 9 630
11340 3 0.06 34020 0.02 90 2 3 180
11430 2 0.04 22860 0.01 90 1 1 180
11520 3 0.06 34560 0.02 90 2 3 180
11610 3 0.06 34830 0.02 90 2 3 180
11700 14 0.28 163800 0.09 90 11 14 990
11790 7 0.14 82530 0.04 90 6 7 540
11880 1 0.02 11880 0.01 90 1 1 90
11970 7 0.14 83790 0.04 90 6 7 540
12060 1 0.02 12060 0.01 90 1 1 90
12150 9 0.18 109350 0.06 90 7 9 630
12240 24 0.48 293760 0.16 90 5 6 1800
12330 11 0.22 135630 0.07 90 9 11 810
12420 4 0.08 49680 0.03 90 3 4 270
12510 4 0.08 50040 0.03 90 3 4 270
12600 16 0.32 201600 0.11 90 7 8 1260
12690 1 0.02 12690 0.01 90 1 1 90
12870 6 0.12 77220 0.04 90 5 6 450
12960 5 0.10 64800 0.03 90 4 5 360
13050 5 0.10 65250 0.03 90 4 5 360
13140 1 0.02 13140 0.01 90 1 1 90
13230 1 0.02 13230 0.01 90 1 1 90
13320 2 0.04 26640 0.01 90 1 1 180
13410 3 0.06 40230 0.02 90 1 1 270
13500 44 0.88 594000 0.32 90 10 11 3600
13590 1 0.02 13590 0.01 90 1 1 90
13680 1 0.02 13680 0.01 90 1 1 90
13860 1 0.02 13860 0.01 90 1 1 90
13950 5 0.10 69750 0.04 90 1 1 450
14040 3 0.06 42120 0.02 90 1 1 270
14130 3 0.06 42390 0.02 90 1 1 270
14310 1 0.02 14310 0.01 90 1 1 90
14400 4 0.08 57600 0.03 90 1 1 360
14490 2 0.04 28980 0.02 90 1 1 180
14580 1 0.02 14580 0.01 90 1 1 90
14670 3 0.06 44010 0.02 90 1 1 270
14850 1 0.02 14850 0.01 91 1 1 91
14940 1 0.02 14940 0.01 91 1 1 91
15030 1 0.02 15030 0.01 92 1 1 92
15120 1 0.02 15120 0.01 92 1 1 92
15210 1 0.02 15210 0.01 93 1 1 93
15300 45 0.90 688500 0.37 94 1 1 4230
15390 8 0.16 123120 0.07 94 1 1 752
15480 3 0.06 46440 0.02 95 1 1 285
15570 1 0.02 15570 0.01 95 1 1 95
15660 3 0.06 46980 0.02 96 1 1 288
15750 6 0.12 94500 0.05 96 1 1 576
15930 3 0.06 47790 0.03 97 1 1 291
16020 1 0.02 16020 0.01 98 1 1 98
16110 2 0.04 32220 0.02 98 1 1 196
16200 14 0.28 226800 0.12 99 1 1 1386
16290 3 0.06 48870 0.03 100 1 1 300
16380 1 0.02 16380 0.01 100 1 1 100
16470 1 0.02 16470 0.01 101 1 1 101
16560 5 0.10 82800 0.04 101 1 1 505
16650 2 0.04 33300 0.02 102 1 1 204
16740 1 0.02 16740 0.01 102 1 1 102
16830 1 0.02 16830 0.01 103 1 1 103
16920 2 0.04 33840 0.02 103 1 1 206
17010 3 0.06 51030 0.03 104 1 1 312
17100 6 0.12 102600 0.05 105 1 1 630
17190 1 0.02 17190 0.01 105 1 1 105
17280 2 0.04 34560 0.02 106 1 1 212
17370 1 0.02 17370 0.01 106 1 1 106
17550 2 0.04 35100 0.02 107 1 1 214
17640 1 0.02 17640 0.01 108 1 1 108
17730 1 0.02 17730 0.01 108 1 1 108
17820 1 0.02 17820 0.01 109 1 1 109
18000 40 0.80 720000 0.38 110 1 1 4400
18090 1 0.02 18090 0.01 111 1 1 111
18180 1 0.02 18180 0.01 111 1 1 111

 

No. of Shares applied for (Category wise) No. of Applications Received %to

Total

Total No. of Equity Shares Applied in each Category % of Total No. of Equity Shares allocated per Bidder (after rounding off) Ratio Total No. of Equity Shares allotted
303030 1 0.02 303030 0.16 1856 1 1 1856
306000 3 0.06 918000 0.49 1874 1 1 5622
306720 12 0.24 3680640 1.95 1879 1 1 22548
337500 1 0.02 337500 0.18 2067 1 1 2067
342000 1 0.02 342000 0.18 2095 1 1 2095
360000 2 0.04 720000 0.38 2205 1 1 4410
368100 1 0.02 368100 0.20 2255 1 1 2255
380970 1 0.02 380970 0.20 2334 1 1 2334
398700 1 0.02 398700 0.21 2442 1 1 2442
429390 1 0.02 429390 0.23 2630 1 1 2630
432000 2 0.04 864000 0.46 2646 1 1 5292
460080 1 0.02 460080 0.24 2818 1 1 2818
475380 1 0.02 475380 0.25 2912 1 1 2912
490500 1 0.02 490500 0.26 3005 1 1 3005
552150 2 0.04 1104300 0.59 3382 1 1 6764
570420 1 0.02 570420 0.30 3494 1 1 3494
612900 1 0.02 612900 0.33 3755 1 1 3755
613440 14 0.28 8588160 4.56 3758 1 1 52612
613530 2 0.04 1227060 0.65 3758 1 1 7516
613620 1 0.02 613620 0.33 3759 1 1 3759
630000 1 0.02 630000 0.33 3859 1 1 3859
674820 2 0.04 1349640 0.72 4134 1 1 8268
705510 1 0.02 705510 0.37 4322 1 1 4322
717750 1 0.02 717750 0.38 4397 1 1 4397
797490 1 0.02 797490 0.42 4885 1 1 4885
803970 1 0.02 803970 0.43 4925 1 1 4925
810000 1 0.02 810000 0.43 4962 1 1 4962
843570 2 0.04 1687140 0.90 5168 1 1 10336
858870 1 0.02 858870 0.46 5261 1 1 5261
900000 1 0.02 900000 0.48 5513 1 1 5513
920160 2 0.04 1840320 0.98 5637 1 1 11274
1042650 1 0.02 1042650 0.55 6387 1 1 6387
1080000 1 0.02 1080000 0.57 6616 1 1 6616
1165590 1 0.02 1165590 0.62 7141 1 1 7141
1226970 2 0.04 2453940 1.30 7517 1 1 15034
1227060 1 0.02 1227060 0.65 7517 1 1 7517
1533690 2 0.04 3067380 1.63 9396 1 1 18792
1595070 1 0.02 1595070 0.85 9772 1 1 9772
1840410 3 0.06 5521230 2.93 11275 1 1 33825
1974330 1 0.02 1974330 1.05 12095 1 1 12095
2147220 2 0.04 4294440 2.28 13154 1 1 26308
2270070 1 0.02 2270070 1.20 13907 1 1 13907
2453940 1 0.02 2453940 1.30 15033 1 1 15033
3067470 4 0.08 12269880 6.51 18792 1 1 75168
3251520 1 0.02 3251520 1.73 19920 1 1 19920
3680910 8 0.16 29447280 15.63 22550 1 1 180400
4907970 2 0.04 9815940 5.21 30067 1 1 60134
GRAND TOTAL 4996 100.00 188409600 100.00 1154250

C. Allotment to QIBs (after Technical Rejections)

Allotment to QIBs who have Bid at the Issue Price of Rs. 163 per Equity Share or above, has been done on a proportionate basis in consultation with BSE. This category has been subscribed to the extent of 79.86 times of QIB Portion. Under the QIB portion, 5% was reserved for Mutual Funds, however, no mutual funds applied in the Issue. The total number of Equity Shares Allotted in this category is 15,39,000 Equity Shares on a proportionate basis, which were allotted to 48 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:

Category FI MF IC NBFC AIF FPI/FII Others TOTAL
Allotment 74516 - - 62993 14835 392265 994391 15,39,000

D. Allotment to Anchor Investors

The bidding for anchor investors opened and closed on October 29, 2021. The Company received 2 applications from 2 Anchor Investors for 23,08,500 Equity Shares. The Anchor Investor Issue Price was finalized at Rs. 163 per Equity Share. A total of 23,08,500 Equity Shares were allocated underthe Anchor Investor Portion aggregating to Rs. 37,62,85,500.

Category FI MF IC NBFC AIF FPI/FII TOTAL
Allotment - - - - - 2308500 2308500

The Board Meeting of our Company on November 10, 2021 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum- refund intimation are being dispatched to the address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Issue Account have been issued on November 10, 2021 and payment to non-Syndicate brokers have been issued on November 11, 2021. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on November 11, 2021 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from BSE and NSE, and the trading is expected to commence on or about November 15, 2021.

All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the Allotment made have been hosted on the website of Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com . All future correspondence in this regard may kindly be addressed to the Registrarto the Issue quoting full name of the First/ Sole applicant. Serial number of the ASBA form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai 400059, India.
Telephone: +91 22 6263 8200,
Facsimile: +91 22 6263 8299 Email: ipo@bigshareonline.com ,
Investor grievance email: investor@bigshareonline.com Website: www.bigshareonline.com
Contact Person: Mr. Ashish Bhope SEBI Registration Number: INR000001385
For SIGACHI INDUSTRIES LIMITED
Sd/-
Place: Hyderabad On Behalf of the Board of Directors
Date: November 11, 2021 Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SIGACHI INDUSTRIES LIMITED.

Sigachi Industries Limited has filed the Prospectus with Registrar of Companies Telangana at Hyderabad on November 08, 2021. The Prospectus shall be available on the website of the SEBI at www.sebi.gov.in , the website of the BRLM to the Issue at www.unistonecapital.com and websites of BSE and NSE i.e. www.bseindia.com and www.nseindia.com , respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see section titled "Risk Factors" beginning on page 23 of the Prospectus.

The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable U.S. state securities laws. There will be no public offering in the United States and the securities being offered in this announcement are not being offered or sold in the United States.



Sigachi Industries IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Sigachi Industries IPO .

The Sigachi Industries IPO basis of allotment (published above) tells you how shares are allocated to you in Sigachi Industries IPO and category wise demand of IPO share.

Visit the Sigachi Industries IPO allotment status page to check the number of shares allocated to your application.

In Sigachi Industries IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Sigachi Industries IPO basis of allotment document to know how the shares are allocated in Sigachi Industries IPO.