The issue received a whopping 101.91 times subscription on the last day of the offer on Wednesday. The IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer, according to NSE data.
The portion for non-institutional investors was subscribed 172.43 times, those meant for Qualified Institutional Buyers (QIBs) 86.51 times and Retail Individual Investors (RIIs) 80.49 times.
Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:
1) Visit https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select Sigachi Industries Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a Robot’, and hit submit.
You can also check the allotment status on the online portal of Bigshare Services Pvt Ltd (https://www.bigshareonline.com/ipo_Allotment.html), the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.
The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.
1) Go to the web portal of Bigshare Services Pvt Ltd
2) Select one of the three available server
3) Select the IPO in dropbox whose name will be populated only if the allotment is finalised
3) You will be required to select either one of the three modes: Application number, Beneficiary ID or PAN ID
4) Enter the details of the mode you selected in Step 3
5) Hit search.
Bidders who could not get allotment in the IPO may see the initialisation of refunds on November 11. Others, who would be allotted shares may see the credit of shares in the demat account by November 12. The listing of the IPO is likely on November 15.
