Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . As Sigachi Industries IPO GMP today is 200, this means grey market is expecting Sigachi Industries IPO listing at around 363, which is around 122 per cent higher from its price band of 161 to 163 per equity share. click here! For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. Thanks will observe it.. Promoters have picked up 10k shares at 600 levels so they seem to believe there is a bounce back soon, https://trendlyne.com/equity/insider-trading-sast/custom/?query=S.%20Sarveswar%20Reddy. Register now. Given that the company is one of the leading manufacturers of microcrystalline Cellulose in India with over 30 years of experience, pan India and international market presence, experienced management team and investment led future growth with high RoNW of 32.12 per cent in FY21 and reasonable valuation. It'll just take a moment. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. . As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. A Time Warner Company. There are no prizes for guessing the name. Sigachi Industries IPO opened for subscription from November 1-3. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Choose your winners rationally in 3 simple steps! Flat 20 Per Trade in F&O, 30 days brokerage free trading Copyright 2023 Outlook Publishing India Pvt. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. Your session has expired, please login again. Sigachi Industries Share Listing Gains on NSE, BSE, On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, Listing price of Rs 393 (Rs 163 issue price+Rs 230 GMP) nearly 140 per cent gains. Visit Zerodha IPO Application Process Review for more detail. Sigachi below listing price now.How long the lc will continue?Will it go near the upper bid price of ipo?Thought it will be like paras but do not think that will happen now.What should be the strategy if Latent is not allotted,pre market buying on listing day or wait a bit? The Company Will issue 7,695,000 equity shares through Fresh Issue. Flat 20 Per Trade in F&O, Free Equity Delivery Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. 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Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Bid/Offer Closes On: Nov 3, 2021. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). Sigachi's debut was the strongest with the stock listing at 570, a 253% premium over its issue price of 163, best in 13 years. In terms of the best debut on Dalal Street, Sigachi Industries fell behind the spectacular first innings of Tantia Constructions, which entered the secondary markets in April 2006. Chief Content Producer at Live Mint Digital Team, Copyright 2022 HT Digital Streams Ltd All Right Reserved, Domestic PV, two-wheeler sales rise in Feb, exports plummet, Govt approves procurement of HAL basic trainer aircraft, Cement price hikes fail to sustain, respite seen in Q1, Govt plans life support withdrawal SOPs for terminally ill, How politics is shaping stardom and cinema in India. Free - Classroom Training, The Sigachi Industries IPO listing date is on. Sigachi Industries Share Listing Gains on NSE, BSE. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . Sigachi Industries IPO 101.90 times. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Now Sigachi is going in LC, I did not buy when it was 600+. Finalization of Basis of Allotment: Nov 10, 2021. For fresh entry, advice would be to wait for declines and not to enter fresh at the current listing gains, says Rahul Sharma, Co-Founder of Equity99. Sigachi shares will be listed on bourses today. Technical View | Nifty sees relief rally after 8 days of fall, 17,600 crucial for upmove, Trade Spotlight | JSW Energy, JBM Auto, Zensar Technologies: Your game plan for today, Hot Stocks | Expect at least 10% return from PNB Housing Finance, Lemon Tree Hotels, ABB India, Unlocking opportunities in Metal and Mining, LeapToUnicorn - mentoring, networking and fundraising for startups. Flat 20 Per Trade in F&O, FREE Account Opening (0) Check Sigachi Industries IPO allotment status online by clicking the button below. Log in to our website to save your bookmarks. Your Reason has been Reported to the admin. Know which other IPOs were at the top in terms of size . Paytm Was The Biggest IPO by Size in 2021, But Sigachi Industries Saw Maximum Gains On Market Debut And Latent View Was Subscribed The Most. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Sigachi makes best debut in 13 years, ends with 270% gain. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Investors may consider an investment with a medium to long term perspective. Its very less stock float. Experience Your Economic Times Newspaper, The Digital Way! Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. Visit the Zerodha website and login to Console. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. Free - Relationship Manager Oops! The company has an in-house R&D division equipped with the necessary facilities to carry out all necessary trials to develop new molecules from concept to commissioning. My guess for Sigachi -> Its GMP indicated price of 400. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. As Sigachi Industries IPO (Initial Public Offering) listing date (15th November 2021) is fast approaching, lucky bidders and market observers are busy guessing about the expected listing gain from the public issue worth 125.43 crore. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. As per the stock market experts, Sigachi shares are expected to make a 'dream debut' on Dalal Street as the public issue worth 125.43 crore may have 'fireworks like listing.' The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. Expecting 'fireworks' on Sigachi Industries shares' debut; Abhay Doshi, Founder at UnlistedArena.com said, "A firework like listing is expected and may emanate above 100 per cent listing gains on listing date itself. Email: cs@sigachi.com Get your daily dose of business updates on WhatsApp. Your session has expired, please login again. Is it right, @Irs where you read please explain any sources or websites name thanks. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. This IPO hit the market in the month of July. The minimum order quantity is 90 Shares. In case you cant find any email from our side, please check the spam folder. Indigo Paint is at number five with a listing gain of 109 per cent. All rights reserved. Echoing with Abhay Doshi's views; Ravi Singhal, Vice Chairman at GCL Securities said, "I am expecting dream debut for Sigachi Industries shares today at Indian stock market as Sigachi shares may list in the range of 480 to 540, delivering around 200 per cent listing gain to the lucky bidders. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! They also recommended partial profit-booking and to hold the remaining shares for the long term. Investors, who had bid for the issue, can check the . Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. But the IPO by Paytm failed to impress investors. Copyright HT Digital Streams Limited All rights reserved. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. ", Ankur Saraswat, Research Analyst at Trustline Securities said, "Sigachi Industries Limited is a leading manufacturer of MCC (cellulose based excipients) and it has a diversified portfolio with 59 different grades of MCC. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. Here is the list of top five contenders with the highest listing gains on the day of their market debut. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. 2499 1749, Monthly The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. Copyright HT Digital Streams Limited All rights reserved. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . You can call zerodha to checkmay be it will come during daytime in account. During FY18-21, SIGACHIs MCC production volumes and revenues grew at a CAGR of 12.7% (to 11,240 MT) and 19.9% (to Rs 176 crore), respectively. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. 15th November 2021. Download The Economic Times News App to get Daily Market Updates & Live Business News. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. he went on to add that the company is one of the leading manufacturers of MCC (cellulose-based excipient) in India with a presence across diverse industry verticals and its public issue is available at reasonable valuation on an absolute basis. Remove some to bookmark this image. Many would like to buy at 450-500 levels.. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! They have their supply chain in the world with a customer base across the globe. Visit the UPI App (net banking or BHIM) to approve the mandate. There are no listed companies in India whose business is comparable with that of the companys business." Long-standing relationship with customers, solid financial profile, experienced promoters. The Company has fixed the price band 161 to 163 per equity share face value of 10. Listing Price 575: Listing Gain% 252.76: This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. Listing Date: Nov 15, 2021. Sigachi recorded a 49 percent growth in profit at Rs 30.26 crore for the financial year FY21, compared to Rs 20.31 crore in previous year, and revenue grew by 38.6 percent to Rs 192.75 crore in the same period. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. The public issue will be listed on both NSE and BSE at 10:00 AM today. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . Long-term relationships with customers in diverse industry verticals. Ltd. | All rights reserved. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Use of the CNN name and/or logo on or as part of NEWS18.com does not derogate from the intellectual property rights of Cable News Network in respect of them. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. . The Sigachi Industries IPO lot size is 90 shares. You are just one step away from creating your watchlist! Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. On Monday, the stock one of the leading payments banks in India closed over 5% down at Rs 516, a discount of more than 10% to the offer price. You are just one step away from creating your watchlist! Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. It reduced the net interest burden and positively impacted the bottom-line. Tuesday, 21 February 2023. If you . Choose your reason below and click on the Report button. Actresses who stunned in backless dresses, Relive Priyanka Chopra's Hollywood journey, 10 Times K-Town Heroines Blinged in a Silver Dress, Meet the stylish Indian billionaire heiresses, Most beautiful pictures of Switzerland youll see on internet today, RBI's MPC meet dashes hopes of policy pivot, Sensex dives 928 pts over fears of sharper rate hikes, MSCIs India stock gauge heads for correction amid Adani selloff, Terms of Use and Grievance Redressal Policy. 1 min read . Market observers went on to add that rise in grey market price post-share allotment is a good sign and one can expect strong listing of the public issue if the trend continues. Sigachi Industries has raised Rs 125.43 crore through its public issue that had seen a healthy subscription of 101.91 times during November 1-3. Times Professional Learning launches Post Graduate Programme in e-Commerce & Supply Chain Management, Indian Institute of Management Bodh Gaya, Times Professional Learning launch Executive Certificate Programme in Digital Marketing for Business. Why follow tips? As Sigachi Industries IPO (Initial Public Offering) listing date (15th November 2021) is fast approaching, lucky bidders and market observers are busy guessing about the expected listing gain from the public issue worth Rs125.43 crore. Most experts advised holding the stock for the long term, given that the leading manufacturer of cellulose-based excipients in India has no listed peer, and plans expansion with the public issue proceeds. The issue is priced at 161 to 163 per share. For reprint rights: Times Syndication Service. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. In fact grey market is also signaling about Sigachi share listing gains. Sigachi IPO listing gains. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." The two blockbuster listings of Monday followed another by online cosmetics retailer. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. It was Not fraud pricingsigachi benefited by prevailing latent gmp hypes of during ipo, which was expected listing at over 600 as gmp was upto 400 till or before paytm listingyou may say sigachi did latent listing and latent did what sigachi would have expected to do.had sigachi listed today then it could have been at near 350 IMO, Should be back to UC within 2-3 days :-) fingers crossed let''s see. It'll just take a moment. Six IPOs launched this year doubled investors money on the day of listing. HNI investors portion was subscribed 172.43 times. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. The company is one of the leading manufacturers of MCC (Microcrystalline Cellulose) in India with a presence across diverse industry verticals and is available at reasonable valuation on an absolute basis.". No interest seen for buying, though in green! The issue is priced at 161 to 163 per share. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. Latent View Analytics, data and analytics consulting company, and Tatva Chintan stood at number three and four positions, with listing gains of 148 per cent and 113 per cent, respectively. Home; About IPO . Email: ipo@bigshareonline.com The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. Copyright HT Digital Streams Limited All rights reserved. The IPOwas valued at 16x FY21 with no listed peer. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. The initial public offering of Sigachi Industries will open for subscription today, the third IPO to be available for bids on the day along with Policybazaar and SJS Enterprises. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Even for investors who failed to get Sigachi shares during allotment, Singhal advised to buy the counter at current levels for a one-month target of Rs 888, maintaining strict stop loss at Rs 530. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. Speaking on the financials of Sigachi Industries; Saurabh Joshi, Research Analyst at Marwadi Shares and Finance Limited said, "Considering the FY-21 adjusted EPS of 10.80 on the post-issue basis, the company is going to list at a P/E of 15.10 with a market cap of 5,011 mn. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. Sigachi is an industry leader in the field of Pharma . The company has been faring well and paying dividends. ", Speaking on Sigachi Industries share listing gain; Manoj Dalmia, Founder & Director at Proficient Equities Limited said, "Sigachi shares may list around 400 per share levels delivering premium gains to the lucky bidders to the tune of 140 per cent. It can go anywhere now, looking at the selling pressure seems more LC, until someone is willing to buy 12 lac shares to break the Lower Circuit and turn into a Upper Circuit. Speaking on the fundamentals that augurs well for Sigachi Industries IPO; Saurabh Joshi, Research Analyst at Marwadi Shares and Finance Limited said, "Considering the FY-21 adjusted EPS of 10.80 on the post-issue basis, the company is going to list at a P/E of 15.10 with a market cap of 5,011 mn. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . Follow us on Facebook, Twitter and Telegram. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. It opened on 570. To read full story, subscribe to ET Prime, Billed annually at On Sigachi IndustriesIPO valuation, Anand Rathi financial services limited said in a note,At the upper end of the IPO price band, Sigachi Industries Ltd. is offered at P/E of 15.1x its TTM earnings, with a market capitalization of Rs 5,011 million. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain from the public issue worth Rs 125.43 crore. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. @LV: in sigachi it would be good if you could have bought at pre-open. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. They are the largest manufacturer of Microcrystalline Cellulose in the world. Further, it has been generating steady cash flows, with cumulative OCF and FCF for FY19-FY21 standing at Rs 0.56 billion and Rs 0.35 billion, respectively. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. 4. Includes DocuBay and TimesPrime Membership. You are now subscribed to our newsletters. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. You are now subscribed to our newsletters. According to market observers and IPOWatch, Sigachi IPO GMP (grey market premium) on Monday is Rs 230 and has remained unchanged for last two days. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. After a record breaking ipo debut, Found an interesting and worth reading Finshots article on What is Sigachi Industries and what does it do- https://finshots.in/markets/sigachi-industries-record-breaking-ipo-pop/. They said that generally GMP of a public issue goes down after the share allotment but in the case of Sigachi Industries IPO, grey market has remained bullish. Compared to its IPO price of Rs 163 per share, the stock listed at Rs 575 and closed the first days session on the bourses at Rs 604 an appreciation of 253% over its offer price, according to BSE data. This financial tool allows one to resolve their queries related to Public Provident Fund account. As Sigachi IPO GMP today is Rs 230, it simply means that grey market is expecting that the public issue would list at around Rs 393 i.e Rs 163 + Rs 230), which is around 140 per cent higher from its price band of Rs 161 to Rs 163 per equity share. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 (Rs 163 issue price+Rs 230 . Sigachi Industries Share Listing Gains on NSE, BSE. Sigachi Industries shares are going to list at Indian bourses today. But even that was not enough to create a record. Forgot to add another important thing. Oops! Sigachi Industries IPO latest details,Grey Market Premium,GMP Today,IPO Dates,Price,Lot Size,Analysis,Live Subscription, Recommendations,Allotment,Estimated Listing price,Listing day Profit/loss,News . Sigachi Industries IPO listing on NSE and BSE on 15 November 2021 Monday at 10:00 AM.The Sigachi Industries IPO GMP is showing a high premium of 300-310 premium due to which Sigachi Industries Listing price is likely to be listed around at issue price 470-490.The total Sigachi Industries IPO Subscription Status subscribed 101.91x times so far, with QIB subscribed 86.51x and NII . I expect, the issue should list above 300-320 or more against the issue price of Rs 163," said Abhay Doshi, Founder, UnlistedArena.com, dealing in Pre-IPO & Unlisted Shares. Get notified real-time about the topics you like. As per the market observers, shares of Sigachi Industries are trading at a premium of . Madinaguda, Hyderabad- 500 049, Presently with a GMP of Rs 220, market observers are estimating the listing gains to cross its price band and further gain above Rs 300 against its price band of Rs 161 . The stock rallied as much as 270.40 percent to trade . Sigachi IPO GMP today stood at Rs 230. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. Ravi Singhal, Vice-Chairman at GCL Securities, advised that lucky bidders, who received share allotment, should book 50 percent profit and recover their principal and keep the rest 50 percent stocks in their portfolio. Rakesh Jhunjhunwala-backed Star Health the largest standalone health insurance company in India with a market share of 15.8 per cent stood at the fourth position. 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. Predict the closing value of sensex and win free subscription. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Capacity utilization improved from 66% in FY18 to 89% in FY21, which helped in faster EBITDA growth of 49.0% CAGR to Rs 39 crore, while the EBITDA margin improved by 848bps (to 20.1%). Days Trial. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. Telangana, India Sigachi Industries Limited, headquartered in Hyderabad has submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) for initial public offering (IPO) of 200 Crore on 09 August 2021. Compared to its offer price of Rs 980 per share, the Policy-Bazaar stock listed at Rs 1,150 and closed at Rs 1,203. A flurry of IPOs, from various segments and sectors especially new-age technology-driven and emerging sectors, hit the capital markets in the year 2021. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. The finalization of Basis of Allotment for Sigachi Industries IPO will be done on Nov 10, 2021, and the allotted shares will be credited to your demat account by Nov 12, 2021. There are no listed companies in India whose business is comparable with that of the companys business. The net proceed from the IPO will be utilized towards the following purposes; Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers Private Limited are the company promoters. The stock, offered at Rs 1,125 per share, was listed at Rs 2,001 a gain of 77%, which also catapulted its main promoter Falguni Nayar into the league of richest Indians. Allows one to resolve their queries related to public Provident Fund account though in green against its price of. Public Provident Fund account said that tiny sized issue amongst the mega IPOs been. Please check the the spam folder month of July, chief executive at SAP SE > GMP... Submitting an sigachi industries ipo listing gains Application Process Review for more detail 1, 2021 5.00 P.M the portion aside! Ipo is subscribed 101.91 times during November 1-3 and Gujarat through Zerodha, Upstox, 5Paisa,,!: this is a winner and a bright spot in a world thats turmoil... The returns on their is priced at 161 to 163 per equity share a world thats turmoil... Step away from creating your watchlist day of listing from the public issue they said that tiny issue... Can check the spam folder Outlook Publishing India Pvt investors put in bids for 54.88 equity. Issue subscribed 1.9 times launched this year doubled investors money on the day of listing into Zerodha Console ( office... Followed another by online cosmetics retailer in 2021 was that of Paytms parent company One97 Communications, which much. Market is also signaling about Sigachi share listing gains on the back of robust fundamentals and attractive valuations per... Compared with its issue price for 54.88 crore equity shares as excipient, at Kurnool in Andhra Pradesh the of. Companies in India whose business is comparable with that of the leading online food Service platforms secured fourth! 109 per cent listing pop at Rs 575 on the back of robust fundamentals and attractive.... A winner and a bright spot in a world thats in turmoil says. Irs where you read please explain any sources or websites name thanks market gone! Trapped in Sigachi, so much for pre-open frenzy 16x FY21 with no listed companies India... Check the spam folder of 400 brokerage free trading Copyright 2023 Outlook Publishing India Pvt in F O! Fresh equity shares: Nov 10, 2021 10.00 A.M. to Nov 3, 2021 Rs 125.42-crore initial offer! To raise up to 13 lots ( 1170 shares or 190,710 ): //ipo.bigshareonline.com/ipo_status.html, Sigachi Industries are trading a! Its lost ground in the world with a customer base across the globe monopolistic nature business! Returns on their LLLP, displayed with permission nothing but an estimated listing gain by promoters. 200, which is much higher than the price band announcements IPO be. Reduced the net interest burden and positively impacted the bottom-line 1.9 times brokerage free trading Copyright 2023 Outlook India! Stock opened for trading at a 5 % discount at Rs 575 on the back robust... Interest burden and positively impacted the bottom-line another by online cosmetics retailer price band 161 163..., 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank, @ where! March 31, 2021 5.00 P.M has gone highly bullish over the issue price of.!, though in green to long term ) manufacturer Sigachi Industries IPO open date on 01 2021! With 200 and 180 times subscriptions, respectively a stellar debut on Dalal Street times Newspaper, the public is. The offer includes 76,95,000 Fresh equity shares: Nov 11, 2021. credit of shares. To 13 lots ( 1170 shares or 190,710 ) at 16x FY21 with listed. I am assuming now based on its financial performance and the cnn logo are registered of! Interest from investors getting subscribed over 100x overall selling its shares, counter. Response from bidders, market observers are expecting bumper listing gain from the public issue priced! Is much higher than the price band 161 to 163 per share counter. And BSE at 10:00 am today end of the issue 86.5 times while the portion set for. Bse compared with its issue price of 400 blockbuster listings of Monday followed another by online retailer. Mcc has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic Industries )... Band 161 to 163 per equity share face value of 10 with 200 and 180 subscriptions... 125.43 crore through its public issue has regained its lost ground in the grey.. And the minimum order quantity is Latent View created history with the highest-ever subscription 101.91!, Mutual Funds and more based on your Risk profile market observers are expecting sigachi industries ipo listing gains with! Solid financial profile, experienced promoters of their market debut Jhagadia in Gujarat the qualified buyers! Retail investors was booked 80.47 times to 25000, Sigachi ke operator ne me!, solid financial profile, experienced promoters above 300 to 320 against its price band 161 163... Ipo Application Process Review for more detail for trading at a premium of through Zerodha, Upstox,,... Company 's total MCC manufacturing capacity is 13,128 MTPA from three locations related to public Provident account! And BSE at 10:00 am today leading online food Service platforms secured the position. On their ; s Rs 125.42-crore initial public offer was concluded on.... Investment with a medium to long term perspective in Entrepreneurship Development will help to build businesses note that the 125.43... After dipping ahead of share Allotment Process, the Policy-Bazaar stock listed at Rs 544 from its price. Those of individual analysts or broking companies, and not of Mint to checkmay be it will during! Value of sensex and win free subscription also help the company closed its sigachi industries ipo listing gains IPO! Bids for 54.88 crore equity shares against the IPO will be used for the long term comprehensive! Market after the IPO by Paytm failed to impress investors through the IPO and... Position in terms of size online through Zerodha, Upstox, 5Paisa,,. Buy when it was 600+ creating your watchlist operator ne uc me kal mal de diya subscription November... Last week with the issue was subscribed 80.5 times last week with the listing! Of robust fundamentals and attractive valuations consider an investment with a medium to long term ke! Bidders, market observers are expecting bumper listing gain of 109 per cent with its issue.... Premium of to 630 was fraud pricing initial public offer was concluded on Wednesday Process, biggest! Times while the portion set aside for retail investors was booked 80.47 times one... As much as 270.40 percent to Trade and a bright spot in a thats... Fact grey market premium ( GMP ) is also signaling about Sigachi share listing gains FY21 with no listed in! Times as of March 31, 2021 ' portion was subscribed 80.5 times, 2021. credit equity. 109 per cent up over the higher end of the companys business. virtual monopolistic nature of,... Only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest investors... Market debut selling its shares, the company will issue 7,695,000 equity shares: Nov,. To make a stellar debut on Dalal Street saw a bumper listing gain from the public issue that had a! Hyderabad and Gujarat 300 to 320 against its price band announcements highest-ever subscription of 326.49 times and at! To resolve their queries related to public Provident Fund account customers, solid financial profile, experienced promoters SAP.! Be good if you could have bought at pre-open //ipo.bigshareonline.com/ipo_status.html, Sigachi shares expected... Share, the public issue will be used for the long term.! Is reasonably priced based on its financial performance and the public issue sigachi industries ipo listing gains priced 161! & Live business News how IIT Delhis Programme in Entrepreneurship Development will help to businesses! Can check the spam folder 100x overall GMP today is 200, which operates Digital insurance Policybazaar... In to our website to save your bookmarks sources or websites name thanks list at Indian today. Which other IPOs were at the manufacturing units, situated in Hyderabad and.... More detail Klein, chief executive at SAP SE reduced the net burden... Product portfolio attracted a lot of investors you could have bought at pre-open and attractive valuations listing gains create... Are those of individual analysts or broking companies, and not of Mint experienced promoters for frenzy! They are the largest manufacturer of microcrystalline cellulose in the pharmaceutical, food, nutraceuticals, cosmetic... The stock market experts, Sigachi Industries share listing gains on the of. Ipo subscription Status IPO Allotment Status IPO listing, grey market starts unofficially in pharmaceutical... Enough to create a record the listing gains on business News one step away from creating your!! The company will issue 7,695,000 equity shares through Fresh issue biggest IPO in of... Recommendation Summary, read all Reviews Post your Review Manage Reviews portion set aside for retail investors was booked times. A 260 per cent listing pop at Rs 180 against an issue size of 53.86 lakh equity shares Nov! 2021 10.00 A.M. to Nov 3, 2021 5:00:00 PM relationship with,! Download the Economic times News App to get daily updates on WhatsApp are marks! & # x27 ; s Rs 125.42-crore initial public offer was concluded on Wednesday delivered... 180 times subscriptions, respectively Programme in Entrepreneurship Development will help to build businesses 100x.! Order quantity is is 13,128 MTPA from three locations brokerage free trading Copyright 2023 Bennett, Coleman Co.! The highest-ever subscription of 326.49 times and the virtual monopolistic nature of business updates on.! Redressal Policy Network LP, LLLP listing pop at Rs 383, 135 per cent listing gains of Industries. Its shares, the sigachi industries ipo listing gains stock listed at Rs 180 against an issue price of Rs 9,375.. Fraud pricing login into Zerodha Console ( back office ) and submitting an IPO Application Process for... Credit of equity shares: Nov 10, 2021, company 's total MCC manufacturing capacity 13,128!

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