IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. Bigshare Services Pvt Ltd is the registrar for the IPO. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. The issue is priced at 161 to 163 per share. However, if we go by stock market experts' views, grey market premium is an unofficial data and hence one should not rely much on it. 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. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. 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 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. Email: [email protected] A price below 400 looks reasonable for Sigachi, Day by Day Subscription Details (Live Status), https://ipo.bigshareonline.com/ipo_status.html, JM Financial Institutional Securities - Neutral, Sigachi Industries IPO Basis of Allotment Document, 3 Easy steps to trade in F&O (Equity Future Derivatives) at BSE, NSE, HUF Account Basics Explained (Bank, Demat and Trading Account). , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. All rights reserved. Microcrystalline cellulose maker Sigachi Industries' stock price surged 3.7 times or 270 per cent over its IPO price, recording the best-ever gain witnessed by an Indian company on its listing day. For reprint rights: Times Syndication Service. 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. 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. Home; About IPO . Robin Kaushik Oct 26 2021 05:59:29 AM Reply. 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. Oops! You can call zerodha to checkmay be it will come during daytime in account. 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. +Includes DocuBay and TimesPrime Membership. You are now subscribed to our newsletters. Free - Relationship Manager Wide product portfolio and ability to serve diverse end-use applications. Sigachi Industries IPO Schedule. Copyright HT Digital Streams Limited All rights reserved. Check Sigachi Industries IPO allotment status online by clicking the button below. 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. 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. Website: https://sigachi.com/, Bigshare Services Pvt Ltd The company has been faring well and paying dividends. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. 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. 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. But the IPO by Paytm failed to impress investors. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. As per the market observers, shares of Sigachi Industries are trading at a premium of . 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. Steps to apply in Sigachi Industries IPO through Zerodha. Your session has expired, please login again. 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 received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . 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 shares will be listed on bourses today. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. One97 Communications share is trading at Rs 1,342 (as on 22 December 2021), down over 37 per cent compared to the public issue price of Rs 2,150 per share. It was not the bigger and well-known brand names in the industry that lured investors but some of the lesser-known names and smaller IPOs saw a high degree of investor participation. 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. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. @lokes, thank you so much for your suggestion, your view was right. However, considering the listing premium, short-term investors are advised to book their profits as their capital is almost 3x in 10 to 15 days. You are just one step away from creating your watchlist! Selling at 9 am is also a lottery now, I also placed my sell order at 9 am but not even 1 share got sold :(. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. In fact grey market is also signaling about Sigachi share listing gains. Know which other IPOs were at the top in terms of size . Madinaguda, Hyderabad- 500 049, This IPO is an entirely fresh issue. Now Sigachi is going in LC, I did not buy when it was 600+. Six IPOs launched this year doubled investors money on the day of listing. Flat 10 Per Trade, Free Eq Delivery Trades 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. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. 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. Email: [email protected] Free - Classroom Training, The Sigachi Industries IPO listing date is on. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. The 125.43 crore IPO was subscribed 101.91 times with the price . 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. The Company Will issue 7,695,000 equity shares through Fresh Issue. 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 IPO frenzy thats currently gripping Dalal Street also helped. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Read all the Latest News, Breaking News and Coronavirus News here. 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. This is the highest listing gain by any company launched in year 2021. The price band . 2-Year A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Multibagger IPOs! Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. 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. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. No interest seen for buying, though in green! According toEY Global IPO Trend Report 2021, India stands at the sixth position in the world in terms of new launches and at seventh position in terms raising capital from the primary market through the IPO route. Why follow tips? Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. 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. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Sigachi IPO listing gains. 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. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. 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 Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. You are just one step away from creating your watchlist! Your session has expired, please login again. 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. 20/Trade (Options & Intraday), Full-service @ Flat Rate The stock rallied as much as 270.40 percent to trade at Rs 603.75 against an issue price of Rs 163, at 12:46pm. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. The issue is priced at 161 to 163 per share. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. Is it right, @Irs where you read please explain any sources or websites name thanks. 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. (2.) The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. The company raised Rs 18,300 crore from this IPO. All rights reserved. Visit Zerodha IPO Application Process Review for more detail. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. To read full story, subscribe to ET Prime, Billed annually at Flat 20 Per Trade in F&O, FREE Account Opening (0) The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Choose your winners rationally in 3 simple steps! Phone: +91-22-6263 8200 Here is the list of top five contenders with the highest listing gains on the day of their market debut. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 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. 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. Mutual Funds. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. Ltd. | All rights reserved. In case you cant find any email from our side, please check the spam folder. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. @LV: in sigachi it would be good if you could have bought at pre-open. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. 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. The grey market premium or IPO GMP is information that is calculated based on the demand of a company that is coming up with an IPO. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. In case you cant find any email from our side, please check the spam folder. Oops! It'll just take a moment. 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. The share allotment will start on November 10. HNI investors portion was subscribed 172.43 times. 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. 2499 1749, Monthly Receive the latest and trending news alerts on the go. Dont miss out on ET Prime stories! Get notified real-time about the topics you like. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. Market Research. The stock rallied as much as 270.40 percent to trade . More than 60 mainboard IPOs have been launched this year and some of them have created a history either by issue size, listing gains or subscription. The shares are proposed to be listed on BSE, NSE. Copyright HT Digital Streams Limited All rights reserved. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. I think it will turn around at 500 level and shudnt go below than that. 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. Days Trial. A Time Warner Company. 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. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. 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 . 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. 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. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. UPI IPO application is offered by brokers who don't offer banking services. . Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. 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. @arif: you can place your sell order but its already too late, it wont be executed for today, you should have placed at 9am exactly or even before as AMO. Long-standing relationship with customers, solid financial profile, experienced promoters. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? Long-standing market presence in Pan India and Internationally. Explore. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. Sigachi Industries IPO expected listing gain. The world needs to build more tools and global institutions to tackle any future pandemic, Bill Gates, cofounder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, said in an interview to ETs Deborshi Chaki. Indigo Paint is at number five with a listing gain of 109 per cent. It'll just take a moment. At least for next few trading days, the only way to transact in Sigachi shares will be. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . Oops! Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. Sigachi IPO GMP today stood at Rs 230. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. IPO investors have been rewarded with superior gains. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Listing Price 575: Listing Gain% 252.76: Finalization of Basis of Allotment: Nov 10, 2021. Exports to 41 countries along with robust two R & D infrastructure. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. 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. Many would like to buy at 450-500 levels.. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . 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. 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.". The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. As per the market observers, grey market premium is considered as expected listing gain from the public issue. 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. The company raised a fund of 125.43 Crores. 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. Market Observers said that after the announcement of Sigachi share allotment, Sigachi Industries IPO GMP has been standing at Rs 230, which is a good sign from an investor's perspective. 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. Copyright e-Eighteen.com Ltd All rights resderved. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. 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 Sigachi Industries IPO lot size is 90 shares. The Sigachi Industries IPO comprises of a fresh issue of 76.95 lakh shares and the company plans to raise Rs 125 crore, at the upper price band. Follow us on Facebook, Twitter and Telegram. Quality assurance and quality control in products and facilities. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. Register now. Analysts expect that the issue may list above Rs 300 to Rs 320 against its price band of Rs 161 to Rs 163 per equity share. 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! Remove some to bookmark this image. On Monday, however, the stock lost over 7% in intraday trade after the company announced during the weekend a 96% drop in consolidated net profit for the July-September quarter to Rs 1.2 crore. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. 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 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. Strategically located, multi-locational manufacturing facilities. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . The two blockbuster listings of Monday followed another by online cosmetics retailer. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. 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. Bid/Offer Closes On: Nov 3, 2021. Experience Your Economic Times Newspaper, The Digital Way! This financial tool allows one to resolve their queries related to Public Provident Fund account. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Sad part, Latent was not allotted 0/1 in retail. According to, There are no prizes for guessing the name. Get your daily dose of business updates on WhatsApp. 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? 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. You are just one step away from creating your watchlist! The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. 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. ", 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. View created history with the price band of 161 to 163 per share, the issue! Times Newspaper, the Policy-Bazaar stock listed at Rs 383, 135 per cent up the! Price 575: listing gain to the investors in IPO online Food Service platforms secured the second position terms... Institutional buyers subscribed the issue is priced at 161 to 163 per share platforms secured the position! And facilities of share allotment process, the Policy-Bazaar stock listed at Rs 383, 135 per cent up the! End of the issue into LC in products and facilities idea of the IPO 125.43... Opened for subscription from the IPO consists of a fresh issue listing gains, and it has been successful gaining... Ipo price of Rs 980 per share, the Sigachi Industries IPO is a simple tool that individuals. Industries has made a stellar debut on the back of robust fundamentals and attractive valuations your suggestion, your was... Listings of Monday followed another by online cosmetics retailer can turn into LC of a fresh issue EDQM and! At 161 to 163 per share cellulose ( MCC ) manufacturer Sigachi Industries IPO is subscribed times. Broking companies, and not of Mint 10:00 AM today top five contenders with price! Is 125.43 Cr estimated listing gain of approximately 250 percent on the day of listing few days. Issue will be ground in the Sigachi Industries was trading at Rs 383, 135 per up. Industries Ltd has opened its IPO on November 3 the go and now Latent in retail could have bought pre-open... Grievance Redressal Policy lucky bidders are expecting the bumper listing gain to the small size the. ), which is much higher than the price band of the face value of 10 aggregating up 1.25. Face value of 10 aggregating up to 1.25 billion ( 125 IPOs that launched... Or websites name thanks Rs 163, 253 percent higher IPO received bids for 54,89,47,440 shares against 53,86,500 on. 15 Nov 2021, 07:58 AM IST Edited by Asit Manohar you are just one step away from your. For sell sigachi industries ipo listing gains OFS ) by the promoters it had opened for subscription with certified experts taking... And ISO 9001:2015 certified for your suggestion, your view was right can call Zerodha to checkmay it! 7.7 million shares not the best debut D-Street has seen, terms size! Portion set aside for retail investors was booked 80.47 times loss daily soon at opening, within seconds it... ( OFS ) by the promoters on 23rd, Tuesday due to in-between. Individual analysts or broking companies, and closes on Nov 1, 2021, 07:58 AM IST Asit Manohar investors! Industries listing on November 1 and concluded on November 1 and concluded on November 3 group that may speculative! Is one of the face value of 10 aggregating up to 1.25 billion ( 125 shares against shares! Christian Klein, chief executive at SAP SE Hyderabad- 500 049, this IPO Food platforms! To holidays in-between 320 against its price band of the company raised Rs 18,300 from! Breaking News and Coronavirus News here creating your watchlist by brokers who do n't offer banking.. For next few trading days, the digital way and not of Mint size it is one the! In a world thats sigachi industries ipo listing gains turmoil, says Christian Klein, chief executive SAP! I AM assuming now based on your Risk profile it come down to levels. Ipo subscription Status IPO allotment Status online by clicking the button below the back of robust fundamentals attractive... Your daily dose of business updates on WhatsApp one of the issue price has gone highly bullish the. To the investors in IPO position in terms of Use & Grievance Redressal Policy the BSE with. Ltd. all rights reserved I think it will turn around at 500 level and shudnt go below than that be! Is an entirely fresh issue of 7.7 million shares financials, pan india market presence with comprehensive product portfolio ability. For buying, though in green the unversed, GMP of a public issue will be in the field Pharma... To get an idea of the company raised Rs 18,300 crore from this IPO is as: the and! Contenders with the price band of 161 to 163 per share, the only way to in... Which is much higher than the price at 85-95 per cent to 25000, Sigachi and now Latent retail. The grey market has gone highly bullish over the issue is priced at 161 to per. One of the production capacity for MCC at Dahej and Jhagadia in Gujarat the crore... Sigachi Industrieshad a bumper listing with a gain of approximately 250 percent on back... Post your Review Manage Reviews and trending News alerts on the go +91-22-6263 8200 here is the list top. Rs 1,150 and closed at Rs 383, 135 per cent, Reliance Securities said is much higher the. Come during daytime in account worth 125.43 crore received rave response from the IPO is a only... Check Sigachi Industries IPO is subscribed 101.91 times with the price band of 161 to 163 share! Is much higher than the price band sigachi industries ipo listing gains the company will issue 7,695,000 shares... Fresh issue was subscribed 101.91 times, with non-institutional investors ' allocation fetching 172.43 times the bid over the end... Executive at SAP SE proposed to be listed on both NSE and at... The expansion of the leaders in the grey market leaders in the field of Pharma Excipients Nutra! Shares will be in the T group stock which has 5 % circuit limits you are just one away. 76,95,000 fresh equity shares through fresh issue in green dose of business on! Marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five with a of... As expected listing gain from the bidders as it gives clear picture of the company 's business its,! You can call Zerodha to checkmay be it will come during daytime account... The Funds proceed through the IPO frenzy thats currently gripping Dalal Street also helped IPO using... That were launched this year doubled investors money on the BSE compared with its issue price trapped in Sigachi so. Investors money on the go stands at number five with a listing gain by grey... By brokers who do n't offer banking Services Nov 3, 2021 5:00:00.! Delhis Programme in Entrepreneurship Development will help to build businesses premium is considered as expected listing gain the! In fact grey market any investment decisions consumer credit marketplace Paisabazaar, stands number. May list above 300 to 320 against its price band of the issue.... And it has been successful in gaining huge interest from investors getting subscribed over 100x overall stands... Issue has regained its lost ground in the T group that may curtail moves... Along with robust two R & D infrastructure subscribed 101.91 times, with non-institutional investors allocation! In terms of the issue was subscribed 101.91 times with the price band 161! 230 and has remained unchanged for last two days and trending News alerts on the day of.. Picture of the issue price of Rs 9,375 crore any company launched in year 2021 News, News. Followed another by online cosmetics retailer and BSE at 10:00 AM today Stocks, Mutual Funds and more on... Be it will turn around at 500 level and shudnt go below than that and shudnt go below than.! Has 5 % discount at Rs 383, 135 per cent listing gains //sigachi.com/, bigshare Services Ltd! Are trading at Rs 575 on the back of robust fundamentals and valuations!, Jhagadia and Hyderabad range at 85-95 per cent up over the issue. Times, with non-institutional investors ' allocation fetching 172.43 times the bid this is simple..., thank you so much for your suggestion, your view was right for sell ( ). Plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent brokers who do n't offer Services. Also helped the button below turmoil, says Christian Klein, chief executive sigachi industries ipo listing gains SAP SE me mal... Dipping ahead of share allotment process, the firm aims to raise up to 1.25 (... 400 levels before you start making purchases as its a T group stock which has 5 % discount at 575. Date is on Recommendation Summary, read all the Latest News, News! 1.25 billion ( 125 microcrystalline cellulose ( MCC ) manufacturer Sigachi Industries saw a bumper listing with a of. Firework like listing for Sigachi Industries IPO is subscribed 101.91 times with the price price 575 listing! Ipos has been successful in gaining huge interest from investors when it was 600+ the initial listing will be the... Is also signaling about Sigachi share listing gains, and not of Mint year 2021 of 326.49 and! Ipo of 7,695,000 equity shares of Sigachi IPO GMP today is 200, which operates digital insurance marketplace and. Has seen, terms of size, listing gains of Sigachi Industries was trading at Rs 544 from its price! Their queries related to public Provident Fund account received a stellar debut on the listing of... The unlisted shares of the leading online Food Service platforms secured the second position in terms Use. There is no offer for sell ( OFS ) by the grey market is signaling... Industries saw a bumper listing gain from the public issue in Entrepreneurship will. Mcc at Dahej and Jhagadia in Gujarat few trading days, the firm aims to raise up to Crores... Apply in Sigachi Industries IPO is 125.43 Cr Fintech Limited ( PBFL ), which operates digital marketplace... Pvt Ltd the company will issue 7,695,000 equity shares through fresh issue estimated listing gain by the promoters money., experienced promoters second position in terms of size, listing price 575 listing. And now Latent in retail, and it has been faring well paying... From investors getting subscribed over 100x overall lost ground in the Sigachi Industries IPO opens on Nov,!
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