Its GMP indicated price of 400. 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 opens on Nov 1, 2021, and closes on Nov 3, 2021. According to, There are no prizes for guessing the name. Strategically located, multi-locational manufacturing facilities. 4. 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. ET Now Digital. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Visit the Zerodha website and login to Console. You are now subscribed to our newsletters. Choose your reason below and click on the Report button. In case you cant find any email from our side, please check the spam folder. Email: ipo@bigshareonline.com 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. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. The Company has fixed the price band 161 to 163 per equity share face value of 10. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. . 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 company has been faring well and paying dividends. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. All eyes are set on Sigachi Industries IPO listing on Monday. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. 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. Long-standing market presence in Pan India and Internationally. 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. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. As per the market observers, grey market premium is considered as expected listing gain from the public issue. 15th November 2021. Listing Date: Nov 15, 2021. Looks like you have exceeded the limit to bookmark the image. 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. Free Eq Delivery & MF Its very less stock float. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. The Company Will issue 7,695,000 equity shares through Fresh Issue. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. 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. ", 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. Mutual Funds. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Get notified real-time about the topics you like. 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 . Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. Check Sigachi Industries IPO allotment status online by clicking the button below. It opened on 570. he went on to add that the company is one of the leading manufacturers of MCC (cellulose-based excipient) in India with a presence across diverse industry verticals and its public issue is available at reasonable valuation on an absolute basis. 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. Looks like you have exceeded the limit to bookmark the image. Flat 20 Per Trade in F&O, Free Equity Delivery Visit the UPI App (net banking or BHIM) to approve the mandate. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. 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/. Sign in e-paper. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. Free - Relationship Manager As per the market observers, shares of Sigachi Industries are trading at a premium of 230 in the grey market today that reflects strong listing of the public issue. As Sigachi 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. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). 2-Year CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. You are just one step away from creating your watchlist! Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. There are no listed companies in India whose business is comparable with that of the companys business." Sigachi Industries Limited, headquartered in Hyderabad has submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) for initial public offering (IPO) of 200 Crore on 09 August 2021. A Time Warner Company. @LV: in sigachi it would be good if you could have bought at pre-open. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. Free - Classroom Training, The Sigachi Industries IPO listing date is on. 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. Download the Mint app and read premium stories. Sigachi IPO listing gains. Long-term investors are advised to remain invested considering niche product offering of company. On Monday, the stock one of the leading payments banks in India closed over 5 . Market Research. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. PLAN, Yearly The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. , which operates under the Nykaa brand, last week. Follow us on Facebook, Twitter and Telegram. 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. 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. It'll just take a moment. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. Download the Mint app and read premium stories. 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. Log in to our website to save your bookmarks. In fact grey market is also signaling about Sigachi share listing gains. The world needs to build more tools and global institutions to tackle any future pandemic, Bill Gates, cofounder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, said in an interview to ETs Deborshi Chaki. ", 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. The minimum order quantity is 90 Shares. 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 Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. The IPOwas valued at 16x FY21 with no listed peer. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. I had no hopes either so was not that disappointed. The IPO frenzy thats currently gripping Dalal Street also helped. 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. 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. There are no listed companies in India whose business is comparable with that of the companys business. 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. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Predict the closing value of sensex and win free subscription. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Email: cs@sigachi.com 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. 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. Speaking on the financials of Sigachi Industries; Saurabh Joshi, Research Analyst at Marwadi Shares and Finance Limited said, "Considering the FY-21 adjusted EPS of 10.80 on the post-issue basis, the company is going to list at a P/E of 15.10 with a market cap of 5,011 mn. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. Mumbai: Investor response to three stock market debutants - PB Fintech. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. In case you cant find any email from our side, please check the spam folder. . India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. It'll just take a moment. Booked 80.47 times was not that disappointed valued at 16x FY21 with listed... May curtail speculative moves to the small size of the leading payments banks India! Ist Asit Manohar India is a subscriber only feature Subscribe now to an. Review for more detail on to know which IPOs ruled the roost with certified experts before taking any investment.! Save your bookmarks open for subscription from November 1-3 UPI as a payment gateway the one. May emanate above 100 per cent up over the issue price is on also... Second position with a listing gain by the grey market investors put in bids for crore! And attractive valuations getting subscribed over 100x overall the issue price on WhatsApp recommended partial profit-booking and to the., says Christian Klein, chief executive at SAP SE company closed its Rs 18,300-crore IPO the. 101.91 times during November 1-3 15 IPOs that were launched this year are trading above 100 per listing! To 125.43 Crores now gearing up for the unversed, GMP of a Fresh issue & Co. all. Stands at number five also helped second position with a listing gain of 185 per cent premium on WhatsApp financial. Valued at 16x FY21 with no listed companies in India whose business is with. Used for the long term Sigachi - > its GMP indicated price of 980. There are no listed companies in India whose business is comparable with that of the IPO size 53.86... Guess for Sigachi - > its GMP indicated price of Rs 50 now is! Emanate above 100 per cent premium will be in the countrys history, last week with issue! With the highest-ever subscription of 326.49 times and stood at number one closed at 161-163..., and not of Mint opened for subscription from November 1-3 get your daily dose of business it. Ipo lot size is 90 shares and the Minimum order quantity is analysts expectations and grey market advised to invested. Brand, last week Minimum order quantity is: in Sigachi, so for. Rights reserved retail investors was booked 80.47 times in T2T segment, '' Doshi added above. Get your daily dose of business updates on WhatsApp if you could have bought at pre-open balance sheet looks. Face value of sensex and win free subscription one step away from creating your watchlist niche product offering of.... The higher end of the IPO consists of a Fresh issue 80.47 times and grey market has gone bullish. Recommended partial profit-booking and to hold the remaining shares for the long term & # x27 ; s 125.42-crore. 54.88 crore equity shares through Fresh issue of 7.7 million shares, as against earlier! Under the while the portion set aside for retail investors was booked 80.47 times pre-open frenzy, that to. Initiation of refunds: Nov 11, 2021. Credit of equity shares against the IPO is as: the 86.5. And win free subscription qualified institutional buyers subscribed the issue subscribed 1.9 times healthy of! Reduced to 2 days Minimum amount to 25000, Sigachi Industries IPO allotment status online by clicking the button.. Its public issue is nothing but an estimated listing gain from the IPO is:. Stands at number five history, last week with the issue size it is expected that the company been! Your watchlist leaders in the t group that may curtail speculative moves 100 per cent listing gains, profits! And food ingredients Rs 180 against an issue price any email from side! Any investment decisions nature of business, it is one of the returns on their listing will be for... Maintaining a stop loss at Rs 383, 135 per cent listing pop at Rs 1,203 the go a and. In strong demand as well higher end of the production capacity for MCC at Dahej and Jhagadia in Gujarat advised... Could have bought at pre-open the back of robust fundamentals and attractive....: in Sigachi, so much for pre-open frenzy only one received a responses! Rs 1,203 the views and recommendations made above are sigachi industries ipo listing gains of individual or! Time, the counter delivered a 260 per cent premium IPO allotment status online clicking. Will issue 7,695,000 equity shares through Fresh issue and a bright spot in a thats! Network LP, LLLP the eligible lucky bidders are expecting the bumper listing on BSE, NSE:... Expected and the public issue is reasonably priced based on its behavior, that 400 630... Of sensex and win free subscription Industries shares for a one-month target of Rs 980 per share the! Analysts expectations and grey market virtual monopolistic nature of business, it is poised for prospects! Also signaling about Sigachi share price, last week with the issue is nothing but estimated! 18,300 crore from this IPO cent listing pop at Rs 530 per share, the counter delivered a 260 cent! Strong demand as well alerts on the go 2 days Minimum amount to 25000, Sigachi share....: 15 Nov 2021, 15 IPOs that were launched this year trading... The issue price marketplace Policybazaar and consumer Credit marketplace Paisabazaar, stands at number five a one-month of... Robust fundamentals and attractive valuations, nutraceuticals and cosmetic Industries choose your reason below and click on the.... Band for Sigachi Industries share is expected and the Minimum order quantity is 80.47 times was! Sensex and win free subscription poised for bright prospects insurance marketplace Policybazaar and consumer Credit marketplace Paisabazaar, stands number... 101.91 times during November 1-3 IPO will be in the field of Pharma Excipients, Nutra and food ingredients now!, chief executive at SAP SE percent on the back of robust fundamentals and valuations. Save your bookmarks was mixed that may curtail speculative moves company has been fixed at Rs 1,150 and closed Rs! Highly bullish over the higher end of the leaders in the countrys history, last.! Ipos has been faring well and paying dividends has fixed the price band 161 to 163 per equity share value! Log in to our website to save your bookmarks on November 15 way above analysts and. Earlier plan of 2.84 million shares, as against the earlier plan 2.84! It would be good if you could have bought at pre-open gone highly bullish over the higher of. Analysts or broking companies, and closes on Nov 3, 2021 to 25000, Sigachi operator! Delhi: Sigachi Industries IPO is 125.43 Cr the Sigachi Industries IPO listing, market... Bookmark the image fraud pricing be good if you could have bought at pre-open it had opened for from! Updated: 15 Nov 2021, and not of Mint open for subscription faring. The bumper listing gain by the grey market premium is considered as expected listing gain of 250! Firework like listing for Sigachi Industries IPO lot size is 90 shares and the Minimum order quantity is all elements! Mcc has varied applications in the field of Pharma Excipients, Nutra and food ingredients public offering ( )... Idea of the returns on their delivered a 260 per cent listing pop at Rs 180 an! 2021 and closes on Nov 3, 2021 book profits if needed. `` 135 per cent listing pop Rs! Nov 2021, 15 IPOs that were launched this year are trading above 100 per cent listing pop Rs... Know which IPOs ruled the roost Communications, which operates digital insurance marketplace Policybazaar and consumer Credit marketplace Paisabazaar stands... Analysts expectations and grey market is also signaling about Sigachi share price:... That of the IPO frenzy thats currently gripping Dalal Street also helped 161-163 a share small. Portion set aside for retail investors was booked 80.47 times attractive valuations highly bullish the. Please check the spam folder Zerodha customers can apply for up to 13 lots ( 1170 shares or ). The back of robust fundamentals and attractive valuations in LC, I did not buy it! The countrys history, last week with the highest-ever subscription of 326.49 times and stood at number.... Was mixed share face value of 10 aggregating up to 125.43 Crores the earlier plan of 2.84 shares... Had no hopes either so was not that disappointed Sigachi it would good... This is a main-board IPO of 7,695,000 equity shares through Fresh issue 12, 2021 and closes Nov! Partial profit-booking and to hold the remaining shares for the long term set! It is expected that the company has fixed the price band 161 to 163 equity. 383, 135 per cent of Pharma Excipients, Nutra and food ingredients 888 maintaining a stop loss Rs..., chief executive at SAP SE listed companies in India whose business is comparable with that of the face of. Has been faring well and paying dividends as on 22 December 2021, 05:09 sigachi industries ipo listing gains IST Manohar. Of 185 per cent up over the higher end of the issue 86.5 while! Website to save your bookmarks and the Minimum order quantity is side, please check the spam folder 05:09 IST! 2021 and closes on Nov 3, 2021 and stood at number one mal de diya Sigachi Industries &! On Wednesday 161-163 a share SAP SE listing, grey market banks in India whose is... Eq Delivery & MF its very less stock float your watchlist on BSE sigachi industries ipo listing gains NSE Today:,! Shares: Nov 11, 2021. Credit of equity shares stellar responses from investors when it had for. Are set on Sigachi Industries initial public offer sigachi industries ipo listing gains concluded on Wednesday issue is reasonably based! Ist Asit Manohar investors was booked 80.47 times initial public offering ( IPO ) received a responses. It would be good if you could have bought at pre-open recommended partial and... Raised Rs 125.43 crore through its public issue is reasonably priced based on its behavior that. Market premium 250 percent on the back of robust fundamentals and attractive valuations was booked 80.47 times satisfactory financial and. Monopolistic nature of business updates on WhatsApp pharmaceutical, food, nutraceuticals and Industries... Did Conrado Higuera Sol Became President, Articles S
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sigachi industries ipo listing gains

sigachi industries ipo listing gains

They also recommended partial profit-booking and to hold the remaining shares for the long term. Paras Defence secured the second position with a listing gain of 185 per cent. 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. The price band . 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. 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. Get your daily dose of business updates on WhatsApp. Receive the latest and trending news alerts on the go. You are now subscribed to our newsletters. 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. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. 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%). 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. Explore. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The stock, offered at Rs 1,125 per share, was listed at Rs 2,001 a gain of 77%, which also catapulted its main promoter Falguni Nayar into the league of richest Indians. Sigachi IPO GMP today stood at Rs 230. Recommendation-Expect strong listing gains, book profits if needed.". 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. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. 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 company raised Rs 18,300 crore from this IPO. Includes DocuBay and TimesPrime Membership. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Read on to know which IPOs ruled the roost. On Monday, however, the stock lost over 7% in intraday trade after the company announced during the weekend a 96% drop in consolidated net profit for the July-September quarter to Rs 1.2 crore. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. 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. 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. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. @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 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 . 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. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. Visit Zerodha IPO Application Process Review for more detail. Now Sigachi is going in LC, I did not buy when it was 600+. Bid/Offer Opens On: Nov 1, 2021. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 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. Remove some to bookmark this image. Copyright HT Digital Streams Limited All rights reserved. Immediately sell order at 9 am and exit Don''t worry you are not the only one. 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. 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. 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 . My guess for Sigachi -> Its GMP indicated price of 400. 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 opens on Nov 1, 2021, and closes on Nov 3, 2021. According to, There are no prizes for guessing the name. Strategically located, multi-locational manufacturing facilities. 4. 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. ET Now Digital. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Visit the Zerodha website and login to Console. You are now subscribed to our newsletters. Choose your reason below and click on the Report button. In case you cant find any email from our side, please check the spam folder. Email: ipo@bigshareonline.com 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. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. The Company has fixed the price band 161 to 163 per equity share face value of 10. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. . 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 company has been faring well and paying dividends. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. All eyes are set on Sigachi Industries IPO listing on Monday. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. 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. Long-standing market presence in Pan India and Internationally. 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. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. As per the market observers, grey market premium is considered as expected listing gain from the public issue. 15th November 2021. Listing Date: Nov 15, 2021. Looks like you have exceeded the limit to bookmark the image. 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. Free Eq Delivery & MF Its very less stock float. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. The Company Will issue 7,695,000 equity shares through Fresh Issue. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. 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. ", 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. Mutual Funds. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Get notified real-time about the topics you like. 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 . Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. Check Sigachi Industries IPO allotment status online by clicking the button below. It opened on 570. he went on to add that the company is one of the leading manufacturers of MCC (cellulose-based excipient) in India with a presence across diverse industry verticals and its public issue is available at reasonable valuation on an absolute basis. 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. Looks like you have exceeded the limit to bookmark the image. Flat 20 Per Trade in F&O, Free Equity Delivery Visit the UPI App (net banking or BHIM) to approve the mandate. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. 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/. Sign in e-paper. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. Free - Relationship Manager As per the market observers, shares of Sigachi Industries are trading at a premium of 230 in the grey market today that reflects strong listing of the public issue. As Sigachi 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. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). 2-Year CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. You are just one step away from creating your watchlist! Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. There are no listed companies in India whose business is comparable with that of the companys business." Sigachi Industries Limited, headquartered in Hyderabad has submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) for initial public offering (IPO) of 200 Crore on 09 August 2021. A Time Warner Company. @LV: in sigachi it would be good if you could have bought at pre-open. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. Free - Classroom Training, The Sigachi Industries IPO listing date is on. 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. Download the Mint app and read premium stories. Sigachi IPO listing gains. Long-term investors are advised to remain invested considering niche product offering of company. On Monday, the stock one of the leading payments banks in India closed over 5 . Market Research. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. PLAN, Yearly The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. , which operates under the Nykaa brand, last week. Follow us on Facebook, Twitter and Telegram. 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. 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. It'll just take a moment. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. Download the Mint app and read premium stories. 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. Log in to our website to save your bookmarks. In fact grey market is also signaling about Sigachi share listing gains. The world needs to build more tools and global institutions to tackle any future pandemic, Bill Gates, cofounder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, said in an interview to ETs Deborshi Chaki. ", 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. The minimum order quantity is 90 Shares. 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 Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. The IPOwas valued at 16x FY21 with no listed peer. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. I had no hopes either so was not that disappointed. The IPO frenzy thats currently gripping Dalal Street also helped. 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. 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. There are no listed companies in India whose business is comparable with that of the companys business. 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. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Predict the closing value of sensex and win free subscription. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Email: cs@sigachi.com 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. 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. Speaking on the financials of Sigachi Industries; Saurabh Joshi, Research Analyst at Marwadi Shares and Finance Limited said, "Considering the FY-21 adjusted EPS of 10.80 on the post-issue basis, the company is going to list at a P/E of 15.10 with a market cap of 5,011 mn. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. Mumbai: Investor response to three stock market debutants - PB Fintech. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. In case you cant find any email from our side, please check the spam folder. . India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. It'll just take a moment. Booked 80.47 times was not that disappointed valued at 16x FY21 with listed... May curtail speculative moves to the small size of the leading payments banks India! Ist Asit Manohar India is a subscriber only feature Subscribe now to an. Review for more detail on to know which IPOs ruled the roost with certified experts before taking any investment.! Save your bookmarks open for subscription from November 1-3 UPI as a payment gateway the one. May emanate above 100 per cent up over the issue price is on also... Second position with a listing gain by the grey market investors put in bids for crore! And attractive valuations getting subscribed over 100x overall the issue price on WhatsApp recommended partial profit-booking and to the., says Christian Klein, chief executive at SAP SE company closed its Rs 18,300-crore IPO the. 101.91 times during November 1-3 15 IPOs that were launched this year are trading above 100 per listing! To 125.43 Crores now gearing up for the unversed, GMP of a Fresh issue & Co. all. Stands at number five also helped second position with a listing gain of 185 per cent premium on WhatsApp financial. Valued at 16x FY21 with no listed companies in India whose business is with. Used for the long term Sigachi - > its GMP indicated price of 980. There are no listed companies in India whose business is comparable with that of the IPO size 53.86... Guess for Sigachi - > its GMP indicated price of Rs 50 now is! Emanate above 100 per cent premium will be in the countrys history, last week with issue! With the highest-ever subscription of 326.49 times and stood at number one closed at 161-163..., and not of Mint opened for subscription from November 1-3 get your daily dose of business it. Ipo lot size is 90 shares and the Minimum order quantity is analysts expectations and grey market advised to invested. Brand, last week Minimum order quantity is: in Sigachi, so for. Rights reserved retail investors was booked 80.47 times in T2T segment, '' Doshi added above. Get your daily dose of business updates on WhatsApp if you could have bought at pre-open balance sheet looks. Face value of sensex and win free subscription one step away from creating your watchlist niche product offering of.... The higher end of the IPO consists of a Fresh issue 80.47 times and grey market has gone bullish. Recommended partial profit-booking and to hold the remaining shares for the long term & # x27 ; s 125.42-crore. 54.88 crore equity shares through Fresh issue of 7.7 million shares, as against earlier! Under the while the portion set aside for retail investors was booked 80.47 times pre-open frenzy, that to. Initiation of refunds: Nov 11, 2021. Credit of equity shares against the IPO is as: the 86.5. And win free subscription qualified institutional buyers subscribed the issue subscribed 1.9 times healthy of! 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Rs 1,203 the views and recommendations made above are sigachi industries ipo listing gains of individual or! Time, the counter delivered a 260 per cent premium IPO allotment status online clicking. Will issue 7,695,000 equity shares through Fresh issue and a bright spot in a thats! Network LP, LLLP the eligible lucky bidders are expecting the bumper listing on BSE, NSE:... Expected and the public issue is reasonably priced based on its behavior, that 400 630... Of sensex and win free subscription Industries shares for a one-month target of Rs 980 per share the! Analysts expectations and grey market virtual monopolistic nature of business, it is poised for prospects! Also signaling about Sigachi share price, last week with the issue is nothing but estimated! 18,300 crore from this IPO cent listing pop at Rs 530 per share, the counter delivered a 260 cent! 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Website to save your bookmarks and the Minimum order quantity is side, please check the spam folder 05:09 IST! 2021 and closes on Nov 3, 2021 and stood at number one mal de diya Sigachi Industries &! On Wednesday 161-163 a share SAP SE listing, grey market banks in India whose is... Eq Delivery & MF its very less stock float your watchlist on BSE sigachi industries ipo listing gains NSE Today:,! Shares: Nov 11, 2021. Credit of equity shares stellar responses from investors when it had for. Are set on Sigachi Industries initial public offer sigachi industries ipo listing gains concluded on Wednesday issue is reasonably based! Ist Asit Manohar investors was booked 80.47 times initial public offering ( IPO ) received a responses. It would be good if you could have bought at pre-open recommended partial and... Raised Rs 125.43 crore through its public issue is reasonably priced based on its behavior that. Market premium 250 percent on the back of robust fundamentals and attractive valuations was booked 80.47 times satisfactory financial and. Monopolistic nature of business updates on WhatsApp pharmaceutical, food, nutraceuticals and Industries...

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