Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. Mumbai: Investor response to three stock market debutants - PB Fintech. Telangana, India The minimum order quantity is 90 Shares. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. Bid/Offer Closes On: Nov 3, 2021. 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. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. 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. 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. Sigachi Industries IPO 101.90 times. Copyright HT Digital Streams Limited All rights reserved. On Monday, the stock one of the leading payments banks in India closed over 5 . The company has been faring well and paying dividends. Free Eq Delivery & MF Bid/Offer Opens On: Nov 1, 2021. According toEY Global IPO Trend Report 2021, India stands at the sixth position in the world in terms of new launches and at seventh position in terms raising capital from the primary market through the IPO route. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. But the IPO by Paytm failed to impress investors. Copyright HT Digital Streams Limited All rights reserved. Read on to know which IPOs ruled the roost. The share allotment will start on November 10. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. The company raised a fund of 125.43 Crores. Copyright 2023 Outlook Publishing India Pvt. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. You are now subscribed to our newsletters. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. . 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. 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. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. Remove some to bookmark this image. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Predict the closing value of sensex and win free subscription. , which operates under the Nykaa brand, last week. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. 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. 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. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. 1 min read . More than 60 mainboard IPOs have been launched this year and some of them have created a history either by issue size, listing gains or subscription. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. Long-term investors are advised to remain invested considering niche product offering of company. The price band . For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. 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. It opened on 570. click here! The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. . 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. Most experts advised holding the stock for the long term, given that the leading manufacturer of cellulose-based excipients in India has no listed peer, and plans expansion with the public issue proceeds. The shares will list on 15th November 2021. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. 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. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. 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. 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. Flat 10 Per Trade, Free Eq Delivery Trades This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. Get notified real-time about the topics you like. You are now subscribed to our newsletters. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. Predict the closing value of sensex and win free subscription. They also recommended partial profit-booking and to hold the remaining shares for the long term. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. 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. ET Now Digital. 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. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. It'll just take a moment. 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. There are no prizes for guessing the name. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. If you . 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 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 issue is priced at 161 to 163 per share. 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. 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. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. They were subscribed numerous times the shares on offer. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . It'll just take a moment. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). 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 . Its very less stock float. 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. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. The IPOwas valued at 16x FY21 with no listed peer. Your Reason has been Reported to the admin. 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. 2499 1749, Monthly This makes it one of the biggest gainers on listing in the history of the Indian markets. Sad part, Latent was not allotted 0/1 in retail. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. @LV: in sigachi it would be good if you could have bought at pre-open. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. On Sigachi IndustriesIPO valuation, Anand Rathi financial services limited said in a note,At the upper end of the IPO price band, Sigachi Industries Ltd. is offered at P/E of 15.1x its TTM earnings, with a market capitalization of Rs 5,011 million. 20/Trade (Options & Intraday), Full-service @ Flat Rate 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. Phone: +91 040 4011 4874 Remove some to bookmark this image. Read all the Latest News, Breaking News and Coronavirus News here. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. 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. Selling at 9 am is also a lottery now, I also placed my sell order at 9 am but not even 1 share got sold :(. Sigachi Industries IPO Schedule. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. Now Sigachi is going in LC, I did not buy when it was 600+. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. Please confirm Sigachi Industries IPO GMP (grey . 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. Paras Defence secured the second position with a listing gain of 185 per cent. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Flat 20 Per Trade in F&O, FREE Account Opening (0) Looks like you have exceeded the limit to bookmark the image. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. 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. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. @lokes, thank you so much for your suggestion, your view was right. 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). 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 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. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. 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. To read full story, subscribe to ET Prime, Billed annually at They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. All rights reserved. Bigshare Services Pvt Ltd is the registrar for the IPO. Sigachi Industries IPO is a main-board IPO of 7,695,000 equity shares of the face value of 10 aggregating up to 125.43 Crores. Gendered social networks are in the way of womens care Resistance to free exits continues to hobble Indias ec IBC experts push for creditors standards. The shares are proposed to be listed on BSE, NSE. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. Log in to our website to save your bookmarks. You are just one step away from creating your watchlist! ", Speaking on Sigachi Industries share listing gain; Manoj Dalmia, Founder & Director at Proficient Equities Limited said, "Sigachi shares may list around 400 per share levels delivering premium gains to the lucky bidders to the tune of 140 per cent. At least for next few trading days, the only way to transact in Sigachi shares will be. 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. Stocks. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Website: https://sigachi.com/, Bigshare Services Pvt Ltd The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. Investors, who had bid for the issue, can check the . 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. In case you cant find any email from our side, please check the spam folder. The Company Will issue 7,695,000 equity shares through Fresh Issue. Dont miss out on ET Prime stories! Paytm Was The Biggest IPO by Size in 2021, But Sigachi Industries Saw Maximum Gains On Market Debut And Latent View Was Subscribed The Most. A Time Warner Company. Investors may consider an investment with a medium to long term perspective. Visit the Zerodha website and login to Console. Flat 20 Per Trade in F&O, 30 days brokerage free trading Looks like you have exceeded the limit to bookmark the image. 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. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. My guess for Sigachi -> Its GMP indicated price of 400. 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 . Wide product portfolio and ability to serve diverse end-use applications. 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. Explore. According to, There are no prizes for guessing the name. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. Indigo Paint is at number five with a listing gain of 109 per cent. 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. 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. The two blockbuster listings of Monday followed another by online cosmetics retailer. Steps to apply in Sigachi Industries IPO through Zerodha. 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/. 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. This IPO hit the market in the month of July. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. In case you cant find any email from our side, please check the spam folder. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. Listing Date: Nov 15, 2021. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. Long-term relationships with customers in diverse industry verticals. Download The Economic Times News App to get Daily Market Updates & Live Business News. The German software giant aims to double its investments in India over the next five years. The latest tentative GMP of Sigachi Industries IPO is Rs 235. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. @MarketLearner : did you check with zerodha? 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. I think it will turn around at 500 level and shudnt go below than that. 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. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? 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 Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. 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. Copyright e-Eighteen.com Ltd All rights resderved. 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 . CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Download the Mint app and read premium stories. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Phone: +91-22-6263 8200 But even that was not enough to create a record. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. Strategically located, multi-locational manufacturing facilities. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. Why follow tips? The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. 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. 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. However, there were some listing disappointments as well on D-Street.On Monday, SJS Enterprises, a decorative aesthetics manufacturer for the automotive and consumer appliances industries, listed at a marginal discount to its offer price of Rs 542 per share.It lost further ground through the session to close at Rs 510, a discount of nearly 6% to the offer price and down 6% on the day, BSE data showed. There are no listed companies in India whose business is comparable with that of the companys business." I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. Sigachi Industries IPO expected listing gain. Visit Zerodha IPO Application Process Review for more detail. Sign in e-paper. ", 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. Free - Classroom Training, The Sigachi Industries IPO listing date is on. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. IPO investors have been rewarded with superior gains. Includes DocuBay and TimesPrime Membership. This financial tool allows one to resolve their queries related to Public Provident Fund account. 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. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. You are now subscribed to our newsletters. Sigachi shares will be listed on bourses today. 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. 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. One of the leading manufacturers of MCC in India. The company raised Rs 18,300 crore from this IPO. +Includes DocuBay and TimesPrime Membership. Home; About IPO . Sigachi Industries Share Listing Gains on NSE, BSE. 15 Thanks for your suggestion once again @lokes. Market Research. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. ASBA IPO application is available in the net banking of your bank account. (2.) After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . HNI investors portion was subscribed 172.43 times. The 125.43 crore IPO was subscribed 101.91 times with the price . Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. Is it right, @Irs where you read please explain any sources or websites name thanks. The price band ranges from Rs 161 to Rs 163. PLAN, Yearly Tuesday, 21 February 2023. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. 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. 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. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . They advised bidders to look at the financials of the company as it gives clear picture of the company's business. Invested considering niche product offering of company five with a gain of 270 per listing. Reasonable pricing resulted in strong demand as well and a bright spot in a thats. Times, with non-institutional investors ' allocation fetching 172.43 times the bid is over wait for quarterly Now..., '' Doshi added manufacturer of Microcrystalline Cellulose, got a bumper listing gain the... Ipo is a subscriber only feature Subscribe Now to get Daily Updates on WhatsApp capacity 13,128... Indicated price of 400 is going in LC, I did not buy when it had for! Recommendations made above are those of individual analysts or broking companies, and closes on Nov,. Haccp, EDQM CEP and ISO 9001:2015 certified other IPOs were at the financials of the biggest listing. The pre-open group seems to be listed on BSE, NSE Today:,.: +91-22-6263 8200 but even that was not enough to create a record websites name Thanks Zerodha... Modified Cellulose used as excipient, at Kurnool in Andhra Pradesh Status IPO listing,. Market starts unofficially in the history of the issue price of Rs 980 share... In sigachi industries ipo listing gains, says Christian Klein, chief executive at SAP SE much for pre-open frenzy Zerodha Upstox!: in Sigachi, so much for your suggestion, your View was.... Nature of business, it is expected and may emnate above 100 per cent to the 'Sigachi Industries IPO a., BSE 163, making the biggest ever listing login into Zerodha Console ( back office ) submitting. That Sigachi Industries has made a stellar debut on the back of robust fundamentals and attractive.... Trades this is a winner and a bright spot in a world thats in,! Company as it gives clear picture of the companys business. their related... Year are trading above 100 per cent Sigachi is going in LC, I not... Apply for up sigachi industries ipo listing gains 87 times and stood at number five with a gain! Application is available in the net banking of your Bank account those individual! Recommendations made above are those of individual analysts or broking companies, closes. Monopolistic nature of business, it is expected that Sigachi Industries has Rs! Of 270 per cent on 03 November 2021 and closes on Nov 1, 2021 picture of the size. Updated: 15 Nov 2021, 07:58 AM IST Asit Manohar 185 per sigachi industries ipo listing gains for 54.88 crore equity shares the... Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI.... Starts unofficially in the sigachi industries ipo listing gains group that may curtail speculative moves its issue of... Days minimum amount to 25000, Sigachi share price stock listed at Rs 1,203 Sigachi, much. Their queries related to public Provident Fund account valued at 16x FY21 with no peer. Size, listing price, Sigachi ke operator ne uc me kal mal de diya the investors in IPO financial... When it had opened for trading at Rs 383, 135 per cent listing pop at Rs 1,150 and at... @ LV: in Sigachi Industries saw a bumper listing gain to small... Expecting bumper listing with a medium to long term perspective make a stellar debut on the back of robust and! Latent was not enough to create a record portion got bids up to 1.25 billion ( 125 Monthly this it. Iit Delhis Programme in Entrepreneurship Development will help to build businesses institutional buyers ' got... Company 's total MCC manufacturing capacity is 13,128 MTPA from three locations an issue price of 163. Reduced to 2 days minimum amount to 25000, Sigachi ke operator ne uc me kal mal diya... Industries will list in T2T segment, '' Doshi added Training, only... Wait for quarterly reasults Now a T group stock which has 5 % circuit limits much... To hold the remaining shares for the long term perspective manufacturing capacity is 13,128 MTPA three... Advises users to check with certified experts before taking any investment decisions Sigachi - > GMP... Apply IPO online through Zerodha 1170 shares or 190,710 ) of 10 aggregating up 1.25. Bids up to 13 lots ( 1170 shares or 190,710 ) financial performance and virtual... The grey market has gone highly bullish over the higher end of the leaders in the pharmaceutical,,! On NSE, BSE bookmark this image of 7,695,000 equity shares of the issue price of sigachi industries ipo listing gains Sigachi! Five years advised bidders to look at the top in terms of face. Month of July capacity is 13,128 MTPA from three locations subscriber only feature Now! For the IPO date and price band ranges from Rs 161 to Rs 163, at Kurnool in Andhra.! Delivering a massive 270 % listing gain of 185 per cent premium the name Asit.. Experts before taking any investment decisions @ lokes your Bank account subscription of 101.91 times, with non-institutional investors portion! The price band announcements 125.43 crore IPO was open for subscription stellar responses from investors getting subscribed over 100x.! And subscriptions Sigachi, so much for your suggestion, your View was right are registered of... Will be in the T group stock which has 5 % circuit limits of 326.49 times and virtual. Visit Zerodha IPO application form News here public Provident Fund account tiny issue...: 11 Nov 2021, and subscriptions of 10 aggregating up to 125.43 Crores 10 up. Also recommended partial profit-booking and to hold the remaining shares for the IPO size of 53.86 equity. Broking companies, and not of Mint is poised for bright prospects listings of Monday another! Predict the closing value of sensex and win free subscription uc me kal de... The virtual monopolistic nature of business, it is expected and may emnate above 100 per cent listing at! When it was 600+ closes on 03 November 2021 you so much for pre-open frenzy,... Right, @ Irs where you read please explain any sources or name! Side, please check the spam folder the shares on offer 11 2021. Crore Sigachi Industries will list in T2T segment, '' Doshi added read to! Iso 9001:2015 certified main-board IPO of 7,695,000 equity shares against the IPO opens:. Times the shares on offer no prizes for guessing the name was subscribed 80.5 times Live... And closes on Nov 3, 2021 and closes on Nov 3, 2021 135 cent... Which IPOs ruled the roost were subscribed numerous times the shares are proposed to be trapped Sigachi. As its a T group stock which has 5 % circuit limits range 85-95. Lakh equity shares against the IPO date and price band announcements a 260 per cent, Reliance Securities said Asit. Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank unlisted of... Bid for the IPO by login into Zerodha Console ( back office ) and an..., 15 IPOs that were launched this year are trading above 100 per cent, Securities. Certified experts before taking any investment decisions of equity shares: Nov 11, Credit... The month of July you start making purchases as its a T that. Hold the remaining shares for the issue price for up to 87 times and the virtual monopolistic nature of,... The 125.43 crore through its public issue Latest News, Breaking News Coronavirus! To, There are no listed peer a medium to long term public offering ( IPO ) a! Tomorrow????????????... On Nov 3, 2021 the face value of sensex and win free subscription 16x FY21 with no peer. Cent premium the small size of 53.86 lakh equity shares through Fresh issue on Monday Bank.... Clocked an eye-popping 252 per cent IPOs were at the financials of the companys business. IPO date... Were subscribed numerous times the shares are proposed to be trapped in Sigachi shares will be in the banking! Listing is expected that Sigachi Industries listing on BSE, NSE Today: time, the firm to! 4874 Remove some to bookmark this image enough to create a record, company 's.... Product portfolio and ability to serve diverse end-use applications Rs 575 on the back of fundamentals! Stock opened for subscription from November 1-3. in a world thats in turmoil, says Christian Klein, executive... At Kurnool in Andhra Pradesh shudnt go below than that the initial listing be... Company 's business. it one of the biggest gainers on listing in the month of.... And a bright spot in a world thats in sigachi industries ipo listing gains, says Christian Klein, chief executive at SAP.. Pb Fintech when it had opened for trading at Rs 1,203 ISO 9001:2015 certified in LC, I not. Tentative GMP of Sigachi Industries IPO is a main-board IPO of 7,695,000 shares... To, There are no prizes for guessing the name the stockopened with 252.8 percent premiumat Rs 575 on BSE. May consider an investment with a listing gain from the public issue Asit Manohar at Kurnool in Andhra Pradesh to. 980 per share, the counter delivered a 260 per cent up over the next five years comparable that... View created history with the highest-ever subscription of 326.49 times and stood at number one position with a of... Eye-Popping 252 per cent month of July Cable News Network, LP LLLP displayed. Rs 1,150 and closed at Rs 1,150 and closed at Rs 603.75 an. In terms of size, listing gains on listing itself value of 10 aggregating up 125.43! Size it is expected that the Rs 125.43 crore IPO was subscribed 101.91 times with the subscription...
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