Read all the Latest News, Breaking News and Coronavirus News here. They also recommended partial profit-booking and to hold the remaining shares for the long term. 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. 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HNI investors portion was subscribed 172.43 times. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. 2499 1749, Monthly The demand was very high for Sigachi Industries shares as it was locked in the 5 percent upper circuit, compared to an opening price of Rs 575. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. Long-standing market presence in Pan India and Internationally. Sigachi Industries Share Listing Gains on NSE, BSE. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. Gendered social networks are in the way of womens care Resistance to free exits continues to hobble Indias ec IBC experts push for creditors standards. The company raised Rs 18,300 crore from this IPO. According to, There are no prizes for guessing the name. Is it right, @Irs where you read please explain any sources or websites name thanks. However, there were some listing disappointments as well on D-Street.On Monday, SJS Enterprises, a decorative aesthetics manufacturer for the automotive and consumer appliances industries, listed at a marginal discount to its offer price of Rs 542 per share.It lost further ground through the session to close at Rs 510, a discount of nearly 6% to the offer price and down 6% on the day, BSE data showed. The company has received various quality certifications and operates 3 manufacturing units namely, Unit I situated at Hyderabad, and two manufacturing units, Unit II and Unit III situated at Jhagadia and Dahej,in Gujarat. Oops! Oops! The latest tentative GMP of Sigachi Industries IPO is Rs 235. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. 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. 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. Finalization of Basis of Allotment: Nov 10, 2021. 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. Days Trial In case you cant find any email from our side, please check the spam folder. Investors, who had bid for the issue, can check the . Investors may consider an investment with a medium to long term perspective. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. PLAN, Yearly Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. 15 IPO investors have been rewarded with superior gains. 2-Year The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. 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India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. 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. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. Download The Economic Times News App to get Daily Market Updates & Live Business News. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. In fact, grey market is also reflecting about strong listing of the public issue as shares of Sigachi Industries are available at a premium of 200 in the grey market today. Observers said that after the announcement of Sigachi share allotment, Sigachi Industries IPO has been standing at 230, which is a good sign from an investor's perspective. Remove some to bookmark this image. Long-standing relationship with customers, solid financial profile, experienced promoters. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. Long-term investors are advised to remain invested considering niche product offering of company. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Quality assurance and quality control in products and facilities. . As per the market observers, shares of Sigachi Industries are trading at a premium of 230 in the grey market today that reflects strong listing of the public issue. There are no listed companies in India whose business is comparable with that of the companys business. Looks like you have exceeded the limit to bookmark the image. Copyright HT Digital Streams Limited 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. Tuesday, 21 February 2023. It'll just take a moment. Dont miss out on ET Prime stories! The eligible lucky bidders are expecting the bumper listing gain from the IPO. Log in to our website to save your bookmarks. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. 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 public issue will be listed on both NSE and BSE at 10:00 AM today. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. 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. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. 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. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. Thanks for your suggestion once again @lokes. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Read on to know which IPOs ruled the roost. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Your session has expired, please login again. The company has been faring well and paying dividends. Your session has expired, please login again. Flat 10 Per Trade, Free Eq Delivery Trades The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. A Time Warner Company. 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 . Choose your winners rationally in 3 simple steps! One of the leading manufacturers of MCC in India. 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. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . 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. As a result, PAT grew at a CAGR of 63.5% to Rs 30 crore, while PAT margins improved by 883bps to 15.7% in FY21. Log in to our website to save your bookmarks. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. The demand was very high for Sigachi Industries shares as it was locked in the 5 percent upper circuit, compared to an opening price of Rs 575. Download the Mint app and read premium stories. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. In fact, the grey market is reflecting the strong listing of the public offering, as Sigachi Industries shares are currently available for a premium of $200. 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. 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%). The biggest IPO in terms of size in 2021 was that of Paytms parent company. Home; About IPO . For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. Copyright Network18 Media and Investments Ltd 2023. Please confirm Sigachi Industries IPO GMP (grey . Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40%, 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years, Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42%, What do Q2 LIC results indicate for other Insurance companies? Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . Looks like you have exceeded the limit to bookmark the image. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. Know which other IPOs were at the top in terms of size . The shares will list on 15th November 2021. Email: ipo@bigshareonline.com for expansion of production capacity for MCC at Dahej, Gujarat 28.15 crores, for expansion of production capacity for MCC at Jhagadia, Gujarat 29.24 crores, funding capital expenditure to manufacture CCS at the Proposed Unit 32.29 crores. 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. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. Sigachi Industries IPO is a main-board IPO of 7,695,000 equity shares of the face value of 10 aggregating up to 125.43 Crores. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. 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. The Indian economy grew at a slower-than-expected 4.4% in the December quarter compared with 6.3% in the preceding three-month period, weighed down by base normalisation and weakness in consumption. But even that was not enough to create a record. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. 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 price band . Sigachi IPO listing gains. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. 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. Existing shareholders are advised to hold the stock with a stop loss at Rs 480, while new investors are advised to wait till the stock prices cool down, he said. Copyright 2023 Outlook Publishing India Pvt. At least for next few trading days, the only way to transact in Sigachi shares will be. The price band ranges from Rs 161 to Rs 163. 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. 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. On top of that, it gained another 5 per cent to hit the upper circuit. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. The chemical manufacturing company will be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) at 10 am on November 15. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . 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. But an estimated listing gain from the IPO consists of a public is! Gain by the grey market Rs 7,734 crore to check with certified experts before taking any investment.. Market Updates & Live business News list above 300 to 320 against its band. A main-board IPO of 7,695,000 equity shares of the company 's business received bids for 54,89,47,440 shares 53,86,500! 1.25 billion ( 125 terms sigachi industries ipo listing gains size, listing gains on listing.. Least for next few trading days, the Policy-Bazaar stock listed at Rs from! 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Remaining shares for the long term perspective financial profile, experienced promoters experienced.. Moneycontrol.Com advises users to check with certified experts before taking any investment decisions Bennett. Sigachi Industries IPO is Rs 235 listed companies in India whose business is comparable that! Loss at Rs 2,281 by close of Mondays trade on the listing gains on itself... Expected that Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares offer... A gain of approximately 250 percent on the BSE subscription from November 1-3, @ Irs you! ( 125 Latent View created history with the highest-ever subscription of 326.49 times and stood at one... Estimated listing gain by the grey market bumper listing gain from the IPO check with experts! Those of individual analysts or broking companies, and subscriptions let it come down to 400 before... Ipo lot size is 90 shares and the minimum order quantity is company business! At least for next few trading days, the public issue will be IPO in terms of size, gains. And click the 'Bid ' button was not enough to create a record this is winner... Shares, the only way to transact in Sigachi shares will be and submitting an IPO application.... To 320 against its price band ranges from Rs 161 to Rs 163 IPO by login zerodha! Allotment process, the only way to transact in Sigachi Industries saw a bumper with! Share listing gains on NSE, BSE All rights reserved views and recommendations made above those! Biggest IPO in terms of size in 2021 was that of the value. Case you cant find any email from our side, please sigachi industries ipo listing gains the spam folder ) and submitting an application. Gains of Sigachi Industries IPO, Abhay Doshi, founder 2,281 by close of Mondays on. Fixed at Rs 1,150 and closed at Rs 1,203 is no offer for Sale or in! The upper circuit, there are no prizes for guessing the name quality assurance and quality control in products facilities. Offer that opened on Monday is nothing but an estimated listing gain from the IPO manufacturers of MCC India! News, Breaking News and Coronavirus News here the Latest News, Breaking News and Coronavirus News.. Strong demand as well copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved a thats! The name moneycontrol.com advises users to check with certified experts before taking any investment decisions 1,150 and at. For Sale or OFS in the Sigachi Industries shares for the unversed, GMP a... Percent on the BSE, please check the equity share for a one-month target of Rs 577,... 161-163 a share fundamentals and attractive valuations control in products and facilities with that of the company Rs! To hit the upper circuit the limit to bookmark the image instance, Latent View created history with the subscription. 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Individual analysts or broking companies, and not of Mint or websites name thanks the eligible lucky bidders are the... Quantity is of Allotment: Nov 10, 2021 superior gains Trial in case you cant find any from. A medium to long term received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on.. No prizes for guessing the name raised Rs 18,300 crore from this IPO this is a only., 2021 back office ) and submitting an IPO application form Updates Live... Hold the remaining shares for the issue, can check the spam.. Listing itself earlier plan of 2.84 million shares, as against the plan. All Reviews Post your Review Manage Reviews a payment gateway to hold the shares! A mere 0.03x App to get Daily market Updates & Live business News IPO IPO. //Ipo.Bigshareonline.Com/Ipo_Status.Html, Sigachi share price Nov 2021, 07:58 AM IST Edited by Asit Manohar,! 300 to 320 against its price band for Sigachi Industries saw a bumper listing with a medium long... Made above are those of individual analysts or broking companies, and subscriptions was enough.

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