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How To Check Sigachi Industries IPO Allotment Status

10 November 2021
3 minutes

The Sigachi Industries IPO is open for subscription between November 1 and November 3, 2021. The price band has been kept between Rs 161-163 per share with a minimum lot size of 90 shares.

The Sigachi Industries IPO allotment status will be finalised around November 10 (tentative).

Check Allotment Status

Here’s how you can check the allotment status:

1. Check Allotment Status on Groww

Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:- 

Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section.

Step 2: Click on IPOs. On the next page click on the ‘Status’ tab next to the Sigachi Industries IPO (or any other IPO you had applied for). Note that, the status tab will not be visible if you have not applied for the IPO.

Step 3: The next screen will give you a snapshot of your IPO application status.

2. Check Allotment Status on Registrar’s Website

The registrar for this IPO is Bigshare Services Private Limited.

  • The registrar for the IPO is Bigshare Services Private Limited and the shares are proposed to be listed on the BSE and NSE.
  • After you land on the website’s homepage, click on ‘IPO Allotment Status’. Select any server and proceed. 
  • From the drop-down menu, select ‘Sigachi Industries ’. 
  • For identification, you can give your PAN number, application number, DP/client ID, account number/IFSC code.

3. Check Allotment Status on BSE

Step 1: Investors are required to follow this link to check their IPO allotment status on BSE: https://www.bseindia.com/investors/appli_check.aspx.

Step 2: You will then have to select the ‘Equity’ option and then from the dropdown, select issue name – ‘Sigachi Industries’.

Step 3: You will have to enter your application number and PAN card number next.

Step 4: After completing all the above-mentioned steps click on the “Search” button.

FAQs on Sigachi Industries IPO Allotment

  • What happens to the IPO amount in my bank account?

After applying for an IPO, the amount gets blocked for use from your account. Therefore, the money is still showing in your balance but is blocked for use. 

  • How are the Sigachi Industries shares being allotted?

If Sigachi Industries IPO is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares. It is possible that few investors do not get any shares at all, in case of oversubscription.

  • Will my money come back if I don’t get the Sigachi Industries IPO allotment?

If you don’t get the allotment in the Sigachi Industries IPO, the amount will be unblocked, and you will be able to use the amount in your bank account. 

  • When will Sigachi Industries IPO get listed?

Sigachi Industries IPO shares will get listed on BSE and NSE on November 15, 2021. (tentative)

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