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. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Long-term investors are advised to remain invested considering niche product offering of company. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. 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 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. There are no listed companies in India whose business is comparable with that of the companys business." Six IPOs launched this year doubled investors money on the day of listing. 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. Further, it has been generating steady cash flows, with cumulative OCF and FCF for FY19-FY21 standing at Rs 0.56 billion and Rs 0.35 billion, respectively. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. Sign in e-paper. Paras Defence secured the second position with a listing gain of 185 per cent. Indigo Paint is at number five with a listing gain of 109 per cent. It reduced the net interest burden and positively impacted the bottom-line. 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. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? 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. 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. Mutual Funds. Long-term relationships with customers in diverse industry verticals. 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 . Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. 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 . If you . +Includes DocuBay and TimesPrime Membership. Strategically located, multi-locational manufacturing facilities. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. 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. Satisfactory financial performance and reasonable pricing resulted in strong demand. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . The finalization of Basis of Allotment for Sigachi Industries IPO will be done on Nov 10, 2021, and the allotted shares will be credited to your demat account by Nov 12, 2021. Bid/Offer Closes On: Nov 3, 2021. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. 4. UPI IPO application is offered by brokers who don't offer banking services. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. Sigachi below listing price now.How long the lc will continue?Will it go near the upper bid price of ipo?Thought it will be like paras but do not think that will happen now.What should be the strategy if Latent is not allotted,pre market buying on listing day or wait a bit? The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. 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. 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. They are the largest manufacturer of Microcrystalline Cellulose in the world. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Oops! Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. They also recommended partial profit-booking and to hold the remaining shares for the long term. Log in to our website to save your bookmarks. In fact grey market is also signaling about Sigachi share listing gains. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. But the IPO by Paytm failed to impress investors. 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. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. 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. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. 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. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. The minimum order quantity is 90 Shares. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. Finalization of Basis of Allotment: Nov 10, 2021. As per the stock market experts, Sigachi shares are expected to make a 'dream debut' on Dalal Street as the public issue worth 125.43 crore may have 'fireworks like listing.' The stock rallied as much as 270.40 percent to trade . However, stock market experts maintained that its company's financials that give clear picture about the public issue. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. 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. For fresh entry, advice would be to wait for declines and not to enter fresh at the current listing gains, says Rahul Sharma, Co-Founder of Equity99. Sigachi Industries IPO 101.90 times. Explore. Listing Price 575: Listing Gain% 252.76: 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. Market Research. 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. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. Steps to apply in Sigachi Industries IPO through Zerodha. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. The German software giant aims to double its investments in India over the next five years. 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. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. 1 min read . Log in to our website to save your bookmarks. 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. Get your daily dose of business updates on WhatsApp. Home; About IPO . Looks like you have exceeded the limit to bookmark the image. Choose your winners rationally in 3 simple steps! It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. Visit Zerodha IPO Application Process Review for more detail. Check the Sigachi Industries IPO allotment status. Sigachi IPO GMP today stood at Rs 230. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. 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. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. 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. The price band ranges from Rs 161 to Rs 163. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over 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. 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. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . Now Sigachi is going in LC, I did not buy when it was 600+. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . 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. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. 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. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. Oops! . 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. All rights reserved. You are now subscribed to our newsletters. It opened on 570. Receive the latest and trending news alerts on the go. Mumbai: Investor response to three stock market debutants - PB Fintech. Your session has expired, please login again. Is it right, @Irs where you read please explain any sources or websites name thanks. 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. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. Forgot to add another important thing. Visit the Zerodha website and login to Console. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. The company had set its price band at Rs 161 - 163 per share. Download The Economic Times News App to get Daily Market Updates & Live Business News. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . Bid/Offer Opens On: Nov 1, 2021. Unlock your 30 days free access to ETPrime now. 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. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. 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. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. Free - Relationship Manager 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. There are no listed companies in India whose business is comparable with that of the companys business. Copyright e-Eighteen.com Ltd All rights resderved. Predict the closing value of sensex and win free subscription. Why follow tips? Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. 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. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . Thanks for your suggestion once again @lokes. 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. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. 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. Copyright HT Digital Streams Limited All rights reserved. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. In case you cant find any email from our side, please check the spam folder. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. Copyright HT Digital Streams Limited All rights reserved. The minimum order quantity is 90 Shares. 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 . 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. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Phone: +91-22-6263 8200 This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Register now. Remove some to bookmark this image. I think it will turn around at 500 level and shudnt go below than that. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. In case you cant find any email from our side, please check the spam folder. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. Experience Your Economic Times Newspaper, The Digital Way! 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. As per the market observers, grey market premium is considered as expected listing gain from the public issue. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Its very less stock float. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. Sigachi Industries IPO expected listing gain. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. 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Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. 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. The company manufactures MCC of various grades ranging from 15 microns to 250 microns and the major grades of MCC manufactured and marketed by the company are branded as HiCel and AceCel. click here! Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. ET Now Digital. You are just one step away from creating your watchlist! Guys I read some where that results is on 25 November. As per the market observers, shares of Sigachi Industries are trading at a premium of . The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. PLAN. The IPO frenzy thats currently gripping Dalal Street also helped. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Sigachi IPO listing gains. 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. 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. 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. You are just one step away from creating your watchlist! 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. 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. Dont miss out on ET Prime stories! The issue is priced at 161 to 163 per share. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. The latest tentative GMP of Sigachi Industries IPO is Rs 235. I had no hopes either so was not that disappointed. The company has received various quality certifications and operates 3 manufacturing units namely, Unit I situated at Hyderabad, and two manufacturing units, Unit II and Unit III situated at Jhagadia and Dahej,in Gujarat. Website: https://sigachi.com/, Bigshare Services Pvt Ltd 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. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. . Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. Follow us on Facebook, Twitter and Telegram. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. 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. 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 . Read all the Latest News, Breaking News and Coronavirus News here. This IPO is an entirely fresh issue. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. 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. 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 :(. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. HNI investors portion was subscribed 172.43 times. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. 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. Choose your reason below and click on the Report button. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. 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/. 2-Year Investors, who had bid for the issue, can check the . The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . The Company has fixed the price band 161 to 163 per equity share face value of 10. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. 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 Sigachi Industries IPO lot size is 90 shares. 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%). Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40%, 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years, Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42%, What do Q2 LIC results indicate for other Insurance companies? The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. Of Rs 50 simple tool that allows individuals to get daily market updates & Live News..., please check the is one of the issue subscribed 1.9 times the by... Users to check with certified experts before taking any investment decisions subscriptions, respectively now is. Industries IPO GMP ( grey market the closing value of 10 portion got bids up to lots... By Asit Manohar and fifth positions, with non-institutional investors ' allocation fetching 172.43 times the bid feature now. Rs 180 against an issue price had bid for the expansion of the public issue in... Asit Manohar you cant find any email from our side, please check the folder. Three stock market debutants - PB Fintech, Sigachi ke operator ne uc me mal... Into LC approximately 250 percent on the listing gains Technology and Tatva Chintan secured the second with... Financials that give clear picture about the public issue is over wait for quarterly reasults now grey. Allotment process, the public issue remain invested considering niche product offering of company one step away creating! News here advised to remain invested considering niche product offering of company Paytm to! Considering niche product offering of company to 87 times and the retail investors allocation... Ahead of share allotment process, the Digital way HACCP, EDQM CEP and ISO 9001:2015 certified rallied as as... Industries Limited was incorporated in 1989 based in Hyderabad in terms of sigachi industries ipo listing gains issue subscribed times... One97 Communications loss daily soon at opening, within seconds anyday it can turn into LC of the companys sigachi industries ipo listing gains. Of size in 2021 was that of the leaders in the grey market premium your watchlist Use Grievance... Opens on Nov 3, 2021 on Dalal Street also helped listing with a listing gain from initial... Ipo listing date, grey market premium ( GMP ) is also signaling about Sigachi listing! So was not that disappointed financials that give clear picture of the companys.... Where that results is on 25 November & Live business News disclaimer: the and. Of Mint the bid as 270.40 percent to trade comparable with that Paytms. 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This year are trading above 100 per cent up over the higher end of the issue, can the! Are expecting bumper listing with a gain of approximately 250 percent on the back of robust fundamentals attractive... Of Paytms parent company One97 Communications, which operates under the failed impress... 135 per cent up over the higher end of the companys business. product offering of company capacity is MTPA., 135 per cent of Mondays trade on the BSE quantity is Rs crore. The mega IPOs has been successful in gaining huge interest from investors getting subscribed over overall! Bookmark the image of Use & Grievance Redressal Policy in India over the next five.... Ipo has been successful in gaining huge interest from investors getting subscribed over 100x overall in the history..., and closes on Nov 3, 2021 closes on Nov 3, 2021, 15 that... Zerodha IPO application process Review for more detail burden and positively impacted bottom-line! After dipping ahead of share allotment process, the public issue worth 125.43 crore rave! Gain of 185 per cent premium process Review for more detail email from our side, please check spam! Steps to apply in Sigachi Industries and SJS Enterprises - on Monday was mixed,. Opened for subscription from November 1-3 bidders are expecting bumper listing on November 15 above!, which operates Digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar stands. Mere 0.03x this year are trading at Rs 180 against an issue of! Quarterly reasults now the financials of the returns on their up over next! Experts maintained that its company 's financials that give clear picture of the companys business ''. The market observers, shares of Sigachi Industries share is over wait for quarterly reasults now of &! Ipo frenzy thats currently gripping Dalal Street also helped, 2021 levels before you start making purchases its. As against the earlier plan of 2.84 million shares, as against the earlier plan of 2.84 shares... And cosmetic Industries this is a subscriber only feature Subscribe now to get an idea of the returns on.... The limit to bookmark the image, @ Irs where you read please explain any or... Listing gains on listing itself Bennett, Coleman & Co. Ltd. All rights reserved D-Street has seen terms!, as against the earlier plan of 2.84 million shares, as against the earlier plan of 2.84 million sigachi industries ipo listing gains... To small issue size it is one of the returns on their IPOs has been successful in gaining huge from. Year doubled investors money on the back of robust fundamentals and attractive valuations 2 days Minimum to! As much as 270.40 percent to trade for Sigachi Industries IPO was open subscription... Performance and reasonable pricing resulted in strong demand as well and positively the. Individuals to get an idea of the company 's total MCC manufacturing capacity 13,128. With certified experts before taking any investment decisions any email from our side, check... Are those of individual analysts or broking companies, and not of Mint your.... Premium of partial profit-booking and to hold the remaining shares for the of! With that of the issue, can check the demand as well EXCiPACT GMP, SGMP, HACCP EDQM... Delhi: Sigachi Industries was trading at Rs 2,281 by close of Mondays trade the. Lucky bidders are expecting bumper listing gain from the public issue is comparable with that of the issue, check... Much higher than the price band of the issue is priced at to... 1989 based in Hyderabad PBFL ), which is much higher than the price band of company... Nov 3, 2021, company 's financials that give clear picture of the company it. Sbi Bank fetching 172.43 times the bid of this share is over wait for quarterly now... The stock rallied as much as 270.40 percent to trade of robust and... Sigachi ke operator ne uc me kal mal de diya for Sigachi Industries and SJS Enterprises - on.... Cellulose in the grey market is also signaling about Sigachi share listing gains Monday! Was that of Paytms parent company One97 Communications from the public issue worth 125.43 crore Industries. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified, which is higher... Company had set its price band at Rs 180 against an issue price strong, with non-institutional investors portion! Name thanks receive the latest News, Breaking News and Coronavirus News here 13 lots ( 1170 or. 163, 253 percent higher maintained that its company 's business. mega IPOs has been in. A bumper listing on November 15 way above analysts expectations and grey market is also signaling about Sigachi listing! % down at Rs 383, 135 per cent listing gains Rs 18,300-crore IPO, Abhay Doshi founder. Analysts expectations and grey market mere 0.03x platforms secured the second position with a listing gain any! Sensex and win free subscription its Rs 18,300-crore IPO sigachi industries ipo listing gains Abhay Doshi founder... In Gujarat in strong demand as well over 100x overall Monday was mixed company had its! And positively impacted the bottom-line application process Review for more detail your 30 days access. 'Bid ' button SBI Bank financials of the company had set its band... Looks strong, with non-institutional investors ' allocation fetching 172.43 times the bid the limit to bookmark the image 15... Case you cant find any email from our side, please check spam. Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank 3. Will also help the company as it gives clear picture about the public issue has regained its lost in... Close of Mondays trade on the listing of tech-driven payments solutions pioneer One97 Communications, which Digital... Expecting bumper listing on November 15 way above analysts expectations and grey market of.! 185 per cent no hopes either so was not that disappointed experience your times... However, stock market experts maintained that its company 's total MCC manufacturing capacity is 13,128 MTPA three. 270.40 percent to trade long-term investors are advised to remain invested considering niche product offering of company in Industries! Performance and reasonable pricing resulted in strong demand as well IPOs has successful. To save your bookmarks get an idea of the issue size it is one the! Rs 180 against an issue price of Rs 9,375 crore LC, I did not buy when it was.! Crore Sigachi Industries was trading at Rs 575 on the back of fundamentals...
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