Nifty 17469.75 (1.71%)
Sensex 58649.68 (1.76%)
Nifty Bank 37284.7 (1.82%)
Nifty IT 35959.05 (1.95%)
Nifty Financial Services 18284.95 (1.70%)
Adani Ports 761.40 (2.24%)
Asian Paints 3108.50 (2.58%)
Axis Bank 697.10 (1.47%)
B P C L 391.15 (0.86%)
Bajaj Auto 3332.05 (1.39%)
Bajaj Finance 7361.50 (3.64%)
Bajaj Finserv 17621.65 (3.00%)
Bharti Airtel 715.15 (2.33%)
Britannia Inds. 3575.75 (2.92%)
Cipla 897.95 (0.98%)
Coal India 150.90 (0.17%)
Divis Lab. 4604.95 (-0.43%)
Dr Reddys Labs 4570.70 (1.11%)
Eicher Motors 2505.55 (1.37%)
Grasim Inds 1716.25 (1.82%)
H D F C 2853.00 (1.26%)
HCL Technologies 1171.60 (1.91%)
HDFC Bank 1553.80 (1.84%)
HDFC Life Insur. 686.40 (-1.15%)
Hero Motocorp 2490.65 (1.17%)
Hind. Unilever 2340.60 (0.82%)
Hindalco Inds. 457.45 (3.38%)
I O C L 120.40 (-0.17%)
ICICI Bank 753.40 (2.55%)
IndusInd Bank 945.30 (2.01%)
Infosys 1753.35 (2.44%)
ITC 224.95 (1.95%)
JSW Steel 672.95 (1.86%)
Kotak Mah. Bank 1920.45 (-0.86%)
Larsen & Toubro 1825.05 (1.50%)
M & M 840.75 (1.79%)
Maruti Suzuki 7434.90 (3.46%)
Nestle India 19479.10 (0.70%)
NTPC 127.25 (1.52%)
O N G C 148.40 (1.71%)
Power Grid Corpn 204.80 (-0.49%)
Reliance Industr 2418.10 (1.52%)
SBI Life Insuran 1169.50 (0.89%)
Shree Cement 26106.90 (1.40%)
St Bk of India 491.55 (3.12%)
Sun Pharma.Inds. 757.55 (1.86%)
Tata Consumer 772.15 (1.51%)
Tata Motors 493.90 (2.51%)
Tata Steel 1173.00 (2.11%)
TCS 3626.90 (1.18%)
Tech Mahindra 1604.80 (1.79%)
Titan Company 2405.55 (1.05%)
UltraTech Cem. 7423.95 (1.71%)
UPL 728.10 (0.16%)
Wipro 641.70 (1.47%)
Sigachi Industries Ltd IPO - Subscription Day 2
by 5paisa Research Team 02/11/2021

The Rs.125.43 crore IPO of Sigachi Industries Ltd, consisting entirely of a fresh issue of Rs.125.43 crore, saw a strong response on Day-1 and has built on that base on Day-2. As per the combined bid details put out by the BSE, Sigachi Industries Ltd IPO was subscribed 23.12X overall, with bulk of the demand coming from the retail segment which saw a robust oversubscription.

However, HNI portion also got oversubscribed and QIBs have participated too, albeit in a small way. The issue closes on 03rd November.

As of close of 02nd November, out of the 53.87 lakh shares on offer in the IPO, Sigachi Industries Ltd saw bids for 1,245.29 lakh shares. This implies an overall subscription of 23.12X.

The granular break-up of subscriptions were tilted in favour of retail investors with HNIs also participating aggressively and QIBs also chipping in on the first day of the IPO.QIB bids and NII bids typically come in only on the last day of the IPO.

Sigachi Industries Ltd IPO Subscription Day-2


Subscription Status

Qualified Institutional Buyers (QIB)

0.82 Times

Non Institutional Investors (NII)

16.99 Times

Retail Individuals

38.49 Times




23.12 times


QIB Portion

The QIB portion of the IPO saw 0.82X subscription at the end of Day-2. On 29 October, Sigachi Industries Ltd did an anchor placement of 23,08,500 lakh shares at the upper end of the price band of Rs.163 to 2 anchor investors raising Rs.37.63 crore. The 2 QIB investors that invested in the anchor placement of Sigachi Industries include 3 Sigma Global Fund and Nexus Global Opportunities Fund.

The QIB portion (net of anchor allocation as explained above) has a quota of 15.39 lakh shares of which it has got bids for 12.64 lakh shares on Day-2 of the IPO. QIB bids typically get bunched on the last day, but the start has been good enough.

Check - Sigachi Industries Ltd IPO - Subscription Day 1

HNI / NII Portion

The HNI portion got subscribed 16.99X (getting applications for 196.14 lakh shares against the quota of 11.54 lakh shares). This is a very strong response on Day-2 since this segment normally sees such a robust response only on the last day. In fact, bulk of the funded applications and corporate applications, come in on the last day, so the actual picture should only get better from here on. 

Retail Individuals

The retail portion was subscribed a robust 38.49X at the end of Day-2, showing strong retail appetite. Retail allocation for this IPO is 35% of the offer size. For retail investors; out of the 26.93 lakh shares on offer, valid bids were received for 1,036.51 lakh shares, which included bids for 778.63 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.161 – Rs.163) and will close for subscription on 03rd November 2021.

Also Read:-

Upcoming IPOs in 2021

Sigachi Industries IPO - 7 Things to Know

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Start Investing Now!

Open Free Demat Account in 5 mins

There is some issue, try later