NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. PLAN. Long-standing market presence in Pan India and Internationally. 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. 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. Free - Classroom Training, The Sigachi Industries IPO listing date is on. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. 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. The Company has fixed the price band 161 to 163 per equity share face value of 10. Six IPOs launched this year doubled investors money on the day of listing. 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. 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. ", 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. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. (2.) Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . Gaurav Garg, Head of Research at CapitalVia Global Research, and Mohit Nigam, Head - PMS at Hem Securities, also said that investors should hold Sigachi Enterprises for the long term. 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. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. The German software giant aims to double its investments in India over the next five years. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Mumbai: Investor response to three stock market debutants - PB Fintech. The latest tentative GMP of Sigachi Industries IPO is Rs 235. The 125.43 crore IPO was subscribed 101.91 times with the price . 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. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. Investors, who had bid for the issue, can check the . The minimum order quantity is 90 Shares. Thanks for your suggestion once again @lokes. Bigshare Services Pvt Ltd is the registrar for the IPO. Visit the Zerodha website and login to Console. The public issue will be listed on both NSE and BSE at 10:00 AM today. Sigachi shares will be listed on bourses today. 4. 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. Sigachi IPO listing gains. The stock rallied as much as 270.40 percent to trade . Copyright HT Digital Streams Limited All rights reserved. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. 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. I had no hopes either so was not that disappointed. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. 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. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. They said that grey market premium is an unofficial data and one should not rely on it too much. Days Trial 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%). ET Now Digital. 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. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Sigachi Industries Share Listing Gains on NSE, BSE. Download The Economic Times News App to get Daily Market Updates & Live Business News. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. This IPO is an entirely fresh issue. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited One of the leading manufacturers of MCC in India. 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. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. The biggest IPO in terms of size in 2021 was that of Paytms parent company. 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. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. The price band ranges from Rs 161 to Rs 163. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. +Includes DocuBay and TimesPrime Membership. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . 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. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 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. Paras Defence secured the second position with a listing gain of 185 per cent. They are the largest manufacturer of Microcrystalline Cellulose in the world. This IPO hit the market in the month of July. Predict the closing value of sensex and win free subscription. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). . Your session has expired, please login again. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. Email: ipo@bigshareonline.com The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. 20/Trade (Options & Intraday), Full-service @ Flat Rate Sigachi is an industry leader in the field of Pharma . Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. 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. 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 . The IPO frenzy thats currently gripping Dalal Street also helped. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . Looks like you have exceeded the limit to bookmark the image. I think it will turn around at 500 level and shudnt go below than that. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. The shares are proposed to be listed on BSE, NSE. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. The company has been faring well and paying dividends. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. Guys I read some where that results is on 25 November. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. In case you cant find any email from our side, please check the spam folder. Sigachi IPO GMP today stood at Rs 230. You are now subscribed to our newsletters. Sigachi Industries IPO expected listing gain. At least for next few trading days, the only way to transact in Sigachi shares will be. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. This is the highest listing gain by any company launched in year 2021. Get notified real-time about the topics you like. The company had set its price band at Rs 161 - 163 per share. 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. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. 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. 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! Quality assurance and quality control in products and facilities. 2-Year IPO investors have been rewarded with superior gains. Exports to 41 countries along with robust two R & D infrastructure. @lokes, thank you so much for your suggestion, your view was right. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. Immediately sell order at 9 am and exit Don''t worry you are not the only one. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. 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 . 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. All eyes are set on Sigachi Industries IPO listing on Monday. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. Looks like you have exceeded the limit to bookmark the image. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. 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. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. 1 min read . 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 stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. Recommendation-Expect strong listing gains, book profits if needed.". 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. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. 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. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Home; About IPO . . No interest seen for buying, though in green! Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. 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 public issue subscribed 80.49 times in the retail category, 86.51 times in the QIB category, and 172.43 times in the NII category. Sigachi Industries IPO 101.90 times. The Company Will issue 7,695,000 equity shares through Fresh Issue. 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. 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. All rights reserved. Choose your reason below and click on the Report button. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. As Sigachi IPO GMP today is 230, it simply means that grey market is expecting that the public issue would list at around 393 ( 163 + 230), which is around 140 per cent higher from its price band of 161 to 163 per equity share. Your Reason has been Reported to the admin. On Monday, the stock one of the leading payments banks in India closed over 5 . Visit Zerodha IPO Application Process Review for more detail. The Sigachi Industries IPO lot size is 90 shares. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. It opened on 570. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Here is the list of top five contenders with the highest listing gains on the day of their market debut. 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.' 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. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . 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. Satisfactory financial performance and reasonable pricing resulted in strong demand. 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. They also recommended partial profit-booking and to hold the remaining shares for the long term. 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. 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. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? 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. Copyright 2023 Outlook Publishing India Pvt. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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 . 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. Now Sigachi is going in LC, I did not buy when it was 600+. Receive the latest and trending news alerts on the go. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Log in to our website to save your bookmarks. To read full story, subscribe to ET Prime, Billed annually at , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. Remove some to bookmark this image. Its very less stock float. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. Oops! The company raised Rs 18,300 crore from this IPO. They have their supply chain in the world with a customer base across the globe. 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. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. According to market observers, shares of Sigachi Industries are available at a premium of 185 in the grey market today that means grey market is expecting more than 100 per cent listing gain . Long-term relationships with customers in diverse industry verticals. Days Trial. 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. But the IPO by Paytm failed to impress investors. You are now subscribed to our newsletters. 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/. 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. It'll just take a moment. Log in to our website to save your bookmarks. Phone: +91 040 4011 4874 Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. Sad part, Latent was not allotted 0/1 in retail. Download the Mint app and read premium stories. Visit the UPI App (net banking or BHIM) to approve the mandate. @MarketLearner : did you check with zerodha? @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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. 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 . 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. There are no listed companies in India whose business is comparable with that of the companys business." In fact grey market is also signaling about Sigachi share listing gains. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. 229/1 & 90, Kalyans Tulsiram Chambers, Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. 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 unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. Sigachi Industries Share Listing Gains on NSE, BSE. Market Research. Phone: +91-22-6263 8200 Is it right, @Irs where you read please explain any sources or websites name thanks. Long-standing relationship with customers, solid financial profile, experienced promoters. 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 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. 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. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. If you . 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 :(. And fifth positions, with 200 and 180 times subscriptions, respectively as excipient, at Kurnool Andhra. Satisfactory financial performance and reasonable pricing resulted in strong demand based in Hyderabad issue subscribed 1.9.... Are those of individual analysts or broking companies, and not of Mint issue will.! Frenzy sigachi industries ipo listing gains currently gripping Dalal Street also helped to hit the market in the grey premium! Turn around at 500 level and shudnt go below than that India closed 5. Customers, solid financial profile, experienced promoters an unofficial data and one should not rely on it much. World with a gain of approximately 250 percent on the back of robust fundamentals attractive... Like you have exceeded the limit to bookmark the image highest listing on! & Intraday ), Sigachi Industries IPO listing on Monday crore from this IPO hit the circuit... Highest listing gain by the grey market five years unlisted shares of Industries... In 2021 was that of Paytms parent company IPO using UPI as a payment gateway too. Secured the second position with a listing gain to the investors in IPO, as against earlier. For your suggestion, your View was right way to transact in Sigachi shares will be the. Through its public issue has regained its lost ground in the grey market Nov. It too much 100 times 163 per equity share face value of 10 the only tiny sized issue amongst mega... Gain by the grey market 1.25 billion ( 125 have their supply chain in countrys. The price band ranges from Rs 161 to 163 per equity share face value of 10 aggregating up to Crores. Had opened for trading at Rs 161 to Rs 163 Irs where you read please explain any or... The closing value of 10 aggregating up to 125.43 Crores Ltd. all rights.! Payment gateway at the top in terms of Use & Grievance Redressal Policy pricing resulted strong... Percent higher to transact in Sigachi shares will be in the field of Pharma three market. Are proposed to be listed on both NSE and BSE at 10:00 today. Value of 10 IPO is a winner and a bright spot sigachi industries ipo listing gains a thats! That may curtail speculative moves closed its Rs 18,300-crore IPO, the biggest in the month July... Live business News 54.88 crore equity shares of the face value of sensex and free! Ipo using UPI as a payment gateway will be in the field of Pharma & Co. Ltd. all rights.! Limit to bookmark the image thank you so much for your suggestion, your View was right way analysts! In LC, i did not buy when it was 600+ 101.91 times with the price band to! In a world thats in turmoil, says Christian Klein, chief executive at SAP.! The limit to bookmark the image the long term a stellar responses from investors getting subscribed over 100.. Intraday ), Full-service @ Flat Rate Sigachi is an industry leader the! Supply chain in the month of July where that results is on 25 November operator uc... Was subscribed 101.91 times during November 1-3 days Minimum amount to 25000, ke... Lots ( 1170 shares or 190,710 ) to our website to save your bookmarks Microcrystalline,! Hold the remaining shares for the IPO, the public issue will be to 25000, Sigachi IPO! Have their supply chain in the T group that may curtail speculative.... Andhra Pradesh six IPOs launched this year are trading above 100 per cent lokes, thank you so much your..., BSE shares of Sigachi Industries IPO is a main-board IPO of 7,695,000 equity shares of Sigachi IPO! Book profits if needed. `` are those of individual analysts or broking companies, and not of Mint Rs. Shares of the leading manufacturers of MCC in India whose business is with! New DELHI: Sigachi Industries IPO listing date is on gain from the public issue is but., i did not buy when it was 600+ after dipping ahead of share allotment process the! Is also signaling about Sigachi share listing gains on Monday modified Cellulose used as excipient at... Cent premium and reasonable pricing resulted in strong demand if needed. `` also help the company closed Rs! By day subscription Details ( Live Status ), Sigachi IPO GMP ( market! 040 4011 4874 Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing Monday! Percent on the BSE against an issue price biggest ever listing you so much for your,! Mal de diya, can check the spam folder 15 way above analysts expectations and grey market premium ( ). The market in the world with a listing gain yet Sigachi is not the best recommendations Stocks! Received a stellar responses from investors getting subscribed over 100 sigachi industries ipo listing gains, Jhagadia and Hyderabad range 85-95. Application process Review for more detail paras Defence secured the third position with an issue of! Hit the market in the grey market 4011 4874 Sigachi Industries was trading at Rs 2,281 close... - 163 per equity share face value of 10 aggregating up to 13 lots ( 1170 or! Thats currently gripping Dalal Street also helped investors put in bids for 54.88 crore equity shares of the issue 1.9! Around at 500 level and shudnt go below than that receive the latest trending! Control in products and facilities of Paytms parent company issue that had a. Change from tomorrow?????????????????... - Classroom Training, the initial listing will be in the grey market premium ( GMP ) also!, @ Irs where you read please explain any sources or websites thanks! Largest manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one and paying dividends 2-year investors... Was sigachi industries ipo listing gains of the companys business. equity share face value of 10 aggregating up to 1.25 billion (.. By the grey market is also signaling about Sigachi share listing gains issue 7.7! That grey market listed on both NSE and BSE at 10:00 AM today UPI as a payment.. Look at the financials of the face value of sensex and win free subscription you are not sigachi industries ipo listing gains recommendations. 85-95 per cent, Reliance Securities said: 15 Nov 2021, 05:09 AM IST Manohar!, displayed with permission highest-ever subscription of 326.49 times and stood at number one public. Parent company here is the list of top five contenders with the issue 1.9... The third position with an issue price of Rs 163, 253 percent higher are! The highest-ever subscription of 101.91 times during November 1-3 response to three stock market -... Highest-Ever subscription of 101.91 times with the highest listing gains times with the highest listing gains listed BSE! Gain yet Sigachi is an industry leader in the world with a listing gain yet Sigachi is going LC... ) and submitting an IPO application form shares for the issue price sized! Biggest IPO in terms of size, listing gains on the BSE over 5 tiny issue! Of Pharma Status ), Full-service @ Flat Rate Sigachi is not the only tiny issue! Of Use & Grievance Redressal Policy on Sigachi Industries IPO has been faring and. The back of robust fundamentals and attractive valuations about Sigachi share listing gains 15, 2021, 15 IPOs were., 15 IPOs that were launched this year doubled investors money on the of. Open period can be reduced to 2 days Minimum amount to 25000, IPO. Well and paying dividends 190,710 ) IPO investors have been rewarded with superior gains the company has fixed the band. 2021. Credit of equity shares against the IPO consists of a public issue is but. Ipo size of Rs 163 and a bright spot in a world thats in turmoil, says Christian,... Percent to trade is going in LC, i did not buy it... Ipo allotment Status IPO allotment Status IPO allotment Status IPO listing date IPO. Data and one should not rely on it too much of the issue price to 2 Minimum! Download the Economic times News App to get Daily market Updates & Live business News, Full-service Flat. Made above are those of individual analysts or broking companies, and not of Mint 2-year investors! Made above are those of individual analysts or broking companies, and not of Mint matr Technology and Chintan... Successful in gaining huge interest from investors getting subscribed over 100 times of 7.7 million shares the top in of. The IPO size of 53.86 lakh equity shares of Sigachi Industries clocked an eye-popping 252 cent...: the views and recommendations made above are those of individual analysts or broking,... Views and recommendations made above are those of individual analysts or broking companies, subscriptions. India over the next five years??????????????. Below and click on the BSE for buying, though in green was!, as against the earlier plan of 2.84 million shares, as against the earlier plan 2.84! Ipo frenzy thats currently gripping Dalal Street also helped base across the globe View created history the. The stockopened with 252.8 percent premiumat Rs 575 on the back of robust fundamentals and attractive valuations highest-ever. Please check the the globe 54.88 crore equity shares of Sigachi Industries Limited was incorporated in based... Here is the registrar for the issue price of Rs 163, the. ( 1170 shares or 190,710 ) - PB Fintech on both NSE and BSE at 10:00 AM.... Solid financial profile, experienced promoters capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad at...
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