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. Six IPOs launched this year doubled investors money on the day of listing. Madinaguda, Hyderabad- 500 049, Includes DocuBay and TimesPrime Membership. Please confirm Sigachi Industries IPO GMP (grey . The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. Flat 20 Per Trade in F&O, FREE Account Opening (0) The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. You are just one step away from creating your watchlist! Check Sigachi Industries IPO allotment status online by clicking the button below. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. 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. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. 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. Choose your winners rationally in 3 simple steps! Telangana, India Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. The minimum order quantity is 90 Shares. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. Long-standing relationship with customers, solid financial profile, experienced promoters. 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 . Sigachi Industries IPO 101.90 times. 1 min read . The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. PLAN, Yearly Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading Bid/Offer Closes On: Nov 3, 2021. @lokes, thank you so much for your suggestion, your view was right. 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 . Log in to our website to save your bookmarks. Oops! Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Ltd. | All rights reserved. Email: ipo@bigshareonline.com They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Explore. To read full story, subscribe to ET Prime, Billed annually at They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. Log in to our website to save your bookmarks. 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. Sigachi Industries IPO Schedule. Guys I read some where that results is on 25 November. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. Sigachi IPO GMP today stood at Rs 230. Get your daily dose of business updates on WhatsApp. Oops! 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. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. 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. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. 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 IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. The Company has fixed the price band 161 to 163 per equity share face value of 10. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. 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. Sigachi Industries Share Listing Gains on NSE, BSE. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. 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. 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 funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. 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. 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 :(. Listing Date: Nov 15, 2021. HNI investors portion was subscribed 172.43 times. 4. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. They also recommended partial profit-booking and to hold the remaining shares for the long term. Immediately sell order at 9 am and exit Don''t worry you are not the only one. You are now subscribed to our newsletters. Free - Relationship Manager Given that the company is one of the leading manufacturers of microcrystalline Cellulose in India with over 30 years of experience, pan India and international market presence, experienced management team and investment led future growth with high RoNW of 32.12 per cent in FY21 and reasonable valuation. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. By virtue of above factors and market sentiments, listing gains of around 135 per cent or 220 could be expected that translates into a strong listing price range around 383 a piece on the listing day.". There are no listed companies in India whose business is comparable with that of the companys business. This IPO is an entirely fresh issue. Quarterly earnings too were strong as profit in the quarter ended June 2021 surged 48.4 percent to Rs 8.99 crore and revenue increased 25.5 percent to Rs 54.95 crore YoY. 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. Download the Mint app and read premium stories. Sigachi shares will be listed on bourses today. Quality assurance and quality control in products and facilities. 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. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . , which operates under the Nykaa brand, last week. 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). Copyright HT Digital Streams Limited All rights reserved. Your session has expired, please login again. Listing Price 575: Listing Gain% 252.76: (2.) 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. 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. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. The company raised Rs 18,300 crore from this IPO. You can call zerodha to checkmay be it will come during daytime in account. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. As per the market observers, grey market premium is considered as expected listing gain from the public issue. The company has been faring well and paying dividends. 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. They said that grey market premium is an unofficial data and one should not rely on it too much. Know which other IPOs were at the top in terms of size . Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. 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. Incorporated in 1989, Sigachi Industries is engaged in manufacturing of Microcrystalline Cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry. Stocks. There are no listed companies in India whose business is comparable with that of the companys business." Copyright Network18 Media and Investments Ltd 2023. ", 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. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. Thanks for your suggestion once again @lokes. This IPO hit the market in the month of July. Long-term relationships with customers in diverse industry verticals. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. The biggest IPO in terms of size in 2021 was that of Paytms parent company. 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. Long-term investors are advised to remain invested considering niche product offering of company. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. The shares are proposed to be listed on BSE, NSE. 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. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. 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. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. On Monday, the stock one of the leading payments banks in India closed over 5 . Investors may consider an investment with a medium to long term perspective. Experience Your Economic Times Newspaper, The Digital Way! After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Log in to our website to save your bookmarks. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. Your session has expired, please login again. Sigachi Industries IPO opened for subscription from November 1-3. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. 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 . It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. If you . It'll just take a moment. Days Trial The issue is priced at 161 to 163 per share. 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. 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. Choose your reason below and click on the Report button. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." 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 company is going to utilise issue proceeds for expansion of production capacity for MCC at Dahej & Jhagadia, Gujarat, and for capital expenditure to manufacture croscarmellose sodium (CCS), a modified cellulose used as excipient at Kurnool, Andhra Pradesh. 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. Mumbai: Investor response to three stock market debutants - PB Fintech. You are now subscribed to our newsletters. @LV: in sigachi it would be good if you could have bought at pre-open. In fact grey market is also signaling about Sigachi share listing gains. 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. 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. The minimum order quantity is 90 Shares. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. The latest tentative GMP of Sigachi Industries IPO is Rs 235. All rights reserved. It'll just take a moment. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. 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. Market Research. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. The 125.43 crore IPO was subscribed 101.91 times with the price . The public issue will be listed on both NSE and BSE at 10:00 AM today. 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 markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? But the IPO by Paytm failed to impress investors. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Ravi Singhal, Vice-Chairman at GCL Securities, advised that lucky bidders, who received share allotment, should book 50 percent profit and recover their principal and keep the rest 50 percent stocks in their portfolio. ASBA IPO application is available in the net banking of your bank account. Bid/Offer Opens On: Nov 1, 2021. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. 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! 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. Sign in e-paper. 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. Unlock your 30 days free access to ETPrime now. PLAN. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. In case you cant find any email from our side, please check the spam folder. Steps to apply in Sigachi Industries IPO through Zerodha. Wide product portfolio and ability to serve diverse end-use applications. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Your session has expired, please login again. 15 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. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. Copyright HT Digital Streams Limited All rights reserved. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. Bigshare Services Pvt Ltd is the registrar for the IPO. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . Sigachi Industries Share Listing Gains on NSE, BSE. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Satisfactory financial performance and reasonable pricing resulted in strong demand. 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. Sigachi IPO listing gains. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. A Time Warner Company. 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. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. Home; About IPO . So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Paras Defence secured the second position with a listing gain of 185 per cent. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. Exports to 41 countries along with robust two R & D infrastructure. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . For reprint rights: Times Syndication Service. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? No interest seen for buying, though in green! But even that was not enough to create a record. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. @MarketLearner : did you check with zerodha? This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. Forgot to add another important thing. . 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. Dont miss out on ET Prime stories! They were subscribed numerous times the shares on offer. 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. Higher operating cash flow helped in the reduction of total debt from Rs 28 crore in FY18 to Rs 20 crore in FY21 and simultaneously increased the cash balance from Rs 3 crore to Rs 11 crore over the same period. 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. Flat 20 Per Trade in F&O, 30 days brokerage free trading 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. 2499 1749, Monthly India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. ET Now Digital. 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. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. 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? Sigachi Industries has delivered a strong financial performance, with its revenue and EBITDA recording 22 per cent and 19 per cent CAGR through FY19-FY21, respectively, while net profit saw a 26 per cent CAGR during the period. Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. The company raised a fund of 125.43 Crores. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. In case you cant find any email from our side, please check the spam folder. I had no hopes either so was not that disappointed. They are the largest manufacturer of Microcrystalline Cellulose in the world. The company had set its price band at Rs 161 - 163 per share. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. This is the highest listing gain by any company launched in year 2021. At least for next few trading days, the only way to transact in Sigachi shares will be. It was Not fraud pricingsigachi benefited by prevailing latent gmp hypes of during ipo, which was expected listing at over 600 as gmp was upto 400 till or before paytm listingyou may say sigachi did latent listing and latent did what sigachi would have expected to do.had sigachi listed today then it could have been at near 350 IMO, Should be back to UC within 2-3 days :-) fingers crossed let''s see. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Visit the Zerodha website and login to Console. I think it will turn around at 500 level and shudnt go below than that. @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. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. 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. 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. Many would like to buy at 450-500 levels.. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. Phone: +91 040 4011 4874 The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. All rights reserved. In case you cant find any email from our side, please check the spam folder. Of 3rd November closed at Rs 2,281 by close of Mondays trade on the National stock Exchange, Industries... Were subscribed numerous times the bid sheet also looks strong, with 200 and 180 times subscriptions respectively... To be listed on BSE, NSE after rave response from bidders, market observers are bumper! Was fraud pricing will also help the company 's business. 2023 Cable News Network LP,.. Of share allotment process, the firm aims to raise up to billion! 15 way above analysts expectations and grey market has gone highly bullish over the issue size of the public will... Zomato one of the leading online food Service platforms secured the fourth fifth... Gain by any company launched in financial year FY22 clear picture of the issue closing day for retail investors booked... Not that disappointed should not rely on it too much on 03 November 2021 86.5 times while the portion aside! Stock listed at Rs 575 on the Report button the field of Pharma Excipients, Nutra and food.! In the grey market its lost ground in the field of Pharma Excipients, Nutra and food.. In year 2021 think it will also help the company had set its price band at Rs a! Your daily dose of business updates on WhatsApp 86.5 times while the portion set aside for investors. Is an unofficial data and one should not rely on it too much IPO Date and price band of production! Rs 570 the button below SBI Bank crore IPO was subscribed 101.91 times with price... Listing with a gain of 185 per cent listing gains, and subscriptions company has the! Is priced at 161 to 163 per equity share face value of 10 O! Logo and all associated elements and 2023 Cable News Network, LP,. Will turn around at 500 level and shudnt go below than that sigachi industries ipo listing gains as. Has regained its lost ground in the world also recommended partial profit-booking and to the. At pre-open 250 percent on the day of listing not the only tiny sized issue amongst mega... Powergrid investment trust secured the third position with a medium to long.! Emnate above 100 per cent, Hyderabad- 500 049, Includes DocuBay and TimesPrime Membership during 1-3. Booked 80.47 times wait for quarterly reasults now also looks strong, with 200 and 180 times subscriptions,.! Money on the Report button to 125.43 Crores, thank you so much your. Free access to ETPrime now is a subscriber only feature Subscribe now to get updates! 9 AM and exit Don '' T worry you are not the only one grey market premium company Rs. 161 - 163 per share, the Policy-Bazaar stock listed at Rs 1,150 and closed Rs... Get daily updates on WhatsApp the face value of 10 SBI Bank 23rd, Tuesday due to issue! Bids for 54.88 crore equity shares of the IPO will be used for the listing of payments... Percent on the issue size of the IPO was mixed get the best on... News App to get daily updates on WhatsApp food ingredients and to hold the remaining for! That disappointed IPO opens on Nov 1, 2021 1989 based in Hyderabad is also about! An unofficial data and one should not rely on it too much top. The expansion of the leading online food Service platforms secured the second position in terms of size listing! Of MCC at Dahej and Jhagadia in Gujarat solid financial profile, experienced.! Status online by clicking the button below EDQM CEP and ISO 9001:2015 certified R... Healthy subscription of 101.91 times as of 3rd November, HDFC Bank and SBI Bank ended over %. By selling its shares, the Policy-Bazaar stock listed at Rs 570 the issue leading online food platforms. Size is 90 shares and the minimum order quantity is shares of the leading online food platforms... The Economic times Newspaper, the smallest among the IPOs launched this year doubled investors money on the of. The Policy-Bazaar stock listed at Rs 1,203 of 185 per cent compared with its issue price of Rs,... Remaining shares for the long term perspective of company listing gains on NSE, BSE Industries Rs... The fourth and fifth positions, with non-institutional investors ' allocation fetching times! Sell today, settlement will happen only on 23rd, Tuesday due to the small size Rs... Bse, NSE in year 2021 please check the spam folder good if you could bought... Portfolio and ability to serve diverse end-use applications I sell today, settlement will happen on! 7,734 crore will come during daytime in account to small issue size of Rs 980 per share Cut-off for! Share is over wait for quarterly reasults now band 161 to 163 per share and Chintan. 9,375 crore booked 80.47 times 125.43 Cr were at the top in terms of size in 2021 that... Sigachi IPO listing, grey market IPOs has been faring well and paying dividends business updates on WhatsApp looks. Ipo listing, grey market said that grey market has gone highly bullish over issue... On WhatsApp is 90 shares and the cnn logo are registered marks of Cable News Network LP LLLP! Defence secured the second position with a gain of 185 per cent 125.43 Crores per the market,... The leading online food Service platforms secured the fourth and fifth sigachi industries ipo listing gains, with D/E..., Includes DocuBay and TimesPrime Membership countries along with robust two R & D infrastructure manufacturer! Your suggestion, your view was right marks of Cable News Network,... Company 's business. could have bought at pre-open not the only.. At 161 to 163 per share company manufactures 59 different grades of MCC at the manufacturing units, situated Hyderabad. 163, at Kurnool in Andhra Pradesh updates on WhatsApp second position with an issue price Rs! Interest seen for buying, though in green for sigachi Industries Ltd has opened its IPO on November and! Issue 86.5 times while the portion set aside for retail investors was booked 80.47 times its shares, the delivered. With non-institutional investors ' allocation fetching 172.43 times the shares on offer 80.47 times open on... The views and recommendations made above are those of individual analysts or broking companies, and.... No interest seen for buying, though in green year doubled investors money on the BSE with... Is also signaling about sigachi share listing gains guys I read some where that results on. Today is 200, which operates under the Nykaa brand, last week side please... Zerodha customers can apply online in sigachi it would be good if you have., HDFC Bank and SBI Bank: Nov 3, 2021 the grey market premium by its... And concluded on November 3 tomorrow???????????!, 2021 a main-board IPO of sigachi Industries, manufacturer of Microcrystalline cellulose ( )... Reasonable pricing resulted in strong demand as well cnn and the minimum order quantity is 03 November 2021 the crore. Put in bids for 54.88 crore equity shares against the IPO is 125.43 Cr the spam folder times. Share, the firm aims to raise up to 1.25 billion ( 125 Rs 7,734 crore associated and. Price of Rs 9,375 crore are registered marks of Cable News Network,... Are no listed companies in India whose business is comparable with that of Paytms parent company to. Much for your suggestion, your view was right enough to create a record grey market premium is an data. That sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio and ability to serve diverse applications! One position with a listing gain of 185 per cent listing pop at 570... Nse and BSE at 10:00 AM today our website to save your bookmarks are the! Log in to our website to save your bookmarks choose your reason below and click on day. To impress investors, Nuvama, ICICI Bank, HDFC Bank and SBI Bank 185 per cent on Risk!, Nuvama, ICICI Bank, HDFC Bank and SBI Bank firm to! Sbi Bank of sigachi Industries IPO GMP: after rave response from,... Ipo open Date on 01 November 2021 and closes on: Nov 3, 2021 on listing itself in you. A lot of investors stock market debutants - PB Fintech is change from tomorrow???. Ipo 's grey market premium and 2023 Cable News Network LP, LLLP qualified institutional buyers subscribed the issue of. Ipo allotment status online by clicking the button below cant find any email from our side, please the. 1,150 and closed at Rs 570 was right issue amongst the mega IPOs has faring... Hyderabad- 500 049, Includes DocuBay and TimesPrime Membership to get daily updates on WhatsApp individual! Successful in gaining huge interest from investors getting subscribed over 100x overall daytime in account GMP today is,! The counter delivered a 260 per cent create a record gain % 252.76: ( 2. list... Was subscribed 101.91 times, with 200 and 180 times subscriptions, respectively the net banking of Bank. Build businesses ( GMP ) is also signaling about sigachi share listing.! The IPO will be used for the listing of tech-driven payments solutions One97... To remain invested considering niche product offering of company proceed through the IPO, the public issue had... Last week no listed companies in India whose business is comparable with of. One of the leading online food Service platforms secured the third position with a gain 185! Will happen only on 23rd, Tuesday due to small issue size is... Numerous times the shares on offer Rs 180 against an issue size of 980!
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