Steps to apply in Sigachi Industries IPO through Zerodha. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. For reprint rights: Times Syndication Service. There are no prizes for guessing the name. In fact grey market is also signaling about Sigachi share listing gains. Log in to our website to save your bookmarks. @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. 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. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. Its very less stock float. 20/Trade (Options & Intraday), Full-service @ Flat Rate 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. Copyright Network18 Media and Investments Ltd 2023. @MarketLearner : did you check with zerodha? Long-term investors are advised to remain invested considering niche product offering of company. 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. This financial tool allows one to resolve their queries related to Public Provident Fund account. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . Investors, who had bid for the issue, can check the . 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. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Multibagger IPOs! All rights reserved. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. 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. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. 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. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. Visit Zerodha IPO Application Process Review for more detail. 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. 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Remove some to bookmark this image. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. The company raised a fund of 125.43 Crores. 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. As per the market observers, shares of Sigachi Industries are trading at a premium of . Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. ET Now Digital. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. Your session has expired, please login again. Home; About IPO . In fact grey market is also signaling about Sigachi share listing gains. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Oops! The price band . FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading The public issue will be listed on both NSE and BSE at 10:00 AM today. The IPO frenzy thats currently gripping Dalal Street also helped. 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. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. The stock, 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. It'll just take a moment. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. 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 price band ranges from Rs 161 to Rs 163. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Copyright HT Digital Streams Limited All rights reserved. Experience Your Economic Times Newspaper, The Digital Way! Sigachi IPO GMP today stood at Rs 230. Download the Mint app and read premium stories. Your session has expired, please login again. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. Wide product portfolio and ability to serve diverse end-use applications. On top of that, it gained another 5 per cent to hit the upper circuit. 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. Sigachi Industries IPO 101.90 times. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. Looks like you have exceeded the limit to bookmark the image. In case you cant find any email from our side, please check the spam folder. The German software giant aims to double its investments in India over the next five years. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. The Company Will issue 7,695,000 equity shares through Fresh Issue. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . 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. You are now subscribed to our newsletters. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. In case you cant find any email from our side, please check the spam folder. Telangana, India 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 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. 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. However, considering the listing premium, short-term investors are advised to book their profits as their capital is almost 3x in 10 to 15 days. Sigachi Industries Share Listing Gains on NSE, BSE. 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 eligible lucky bidders are expecting the bumper listing gain from the IPO. @LV: in sigachi it would be good if you could have bought at pre-open. They are the largest manufacturer of Microcrystalline Cellulose in the world. 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. 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. Satisfactory financial performance and reasonable pricing resulted in strong demand. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. It opened on 570. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Stocks. 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. . Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. This is the highest listing gain by any company launched in year 2021. 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. PLAN. Sigachi Industries shares are going to list at Indian bourses today. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. There are no listed companies in India whose business is comparable with that of the companys business." You are now subscribed to our newsletters. 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 . They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. This IPO is an entirely fresh issue. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. 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. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. Your Reason has been Reported to the admin. 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/. , which operates under the Nykaa brand, last week. 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. Choose your winners rationally in 3 simple steps! This IPO hit the market in the month of July. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited 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%). Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! They have their supply chain in the world with a customer base across the globe. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. At least for next few trading days, the only way to transact in Sigachi shares will be. 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. 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 :(. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. Why follow tips? It'll just take a moment. I had no hopes either so was not that disappointed. Download The Economic Times News App to get Daily Market Updates & Live Business News. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. Bigshare Services Pvt Ltd is the registrar for the IPO. 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. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. ", 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 markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. 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://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . However, stock market experts maintained that its company's financials that give clear picture about the public issue. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. The stock rallied as much as 270.40 percent to trade . The company raised Rs 18,300 crore from this IPO. One of the leading manufacturers of MCC in India. By virtue of above factors and market sentiments, listing gains of around 135 per cent or 220 could be expected that translates into a strong listing price range around 383 a piece on the listing day.". UPI IPO application is offered by brokers who don't offer banking services. Sigachi Industries IPO Schedule. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? Flat 10 Per Trade, Free Eq Delivery Trades Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. The minimum order quantity is 90 Shares. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. ", 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. Check the Sigachi Industries IPO allotment status. Flat 20 Per Trade in F&O, 30 days brokerage free trading Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. Ravi Singhal, Vice-Chairman at GCL Securities, advised that lucky bidders, who received share allotment, should book 50 percent profit and recover their principal and keep the rest 50 percent stocks in their portfolio. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. Days Trial. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. They were subscribed numerous times the shares on offer. Looks like you have exceeded the limit to bookmark the image. The company is one of the leading manufacturers of MCC (Microcrystalline Cellulose) in India with a presence across diverse industry verticals and is available at reasonable valuation on an absolute basis.". Receive the latest and trending news alerts on the go. 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. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. The shares will list on 15th November 2021. Follow us on Facebook, Twitter and Telegram. (2.) If you . Get notified real-time about the topics you like. 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. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. Times Professional Learning launches Post Graduate Programme in e-Commerce & Supply Chain Management, Indian Institute of Management Bodh Gaya, Times Professional Learning launch Executive Certificate Programme in Digital Marketing for Business. 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. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. According to, There are no prizes for guessing the name. 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. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. Looks like you have exceeded the limit to bookmark the image. A Time Warner Company. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. You can call zerodha to checkmay be it will come during daytime in account. 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. Here is the list of top five contenders with the highest listing gains on the day of their market debut. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. It was Not fraud pricingsigachi benefited by prevailing latent gmp hypes of during ipo, which was expected listing at over 600 as gmp was upto 400 till or before paytm listingyou may say sigachi did latent listing and latent did what sigachi would have expected to do.had sigachi listed today then it could have been at near 350 IMO, Should be back to UC within 2-3 days :-) fingers crossed let''s see. 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. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. 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. 2-Year 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. Copyright 2023 Outlook Publishing India Pvt. Sigachi recorded a 49 percent growth in profit at Rs 30.26 crore for the financial year FY21, compared to Rs 20.31 crore in previous year, and revenue grew by 38.6 percent to Rs 192.75 crore in the same period. The company had set its price band at Rs 161 - 163 per share. The Company has fixed the price band 161 to 163 per equity share face value of 10. The two blockbuster listings of Monday followed another by online cosmetics retailer. 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. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. 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. Includes DocuBay and TimesPrime Membership. 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 . 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. 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. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. The biggest IPO in terms of size in 2021 was that of Paytms parent company. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 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.' Free - Classroom Training, The Sigachi Industries IPO listing date is on. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. Thanks for your suggestion once again @lokes. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. 15 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. 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. Predict the closing value of sensex and win free subscription. Predict the closing value of sensex and win free subscription. The company has been faring well and paying dividends. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. Unlock your 30 days free access to ETPrime now. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. Download the Mint app and read premium stories. Presently with a GMP of Rs 220, market observers are estimating the listing gains to cross its price band and further gain above Rs 300 against its price band of Rs 161 . 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. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. 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. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. Use of the CNN name and/or logo on or as part of NEWS18.com does not derogate from the intellectual property rights of Cable News Network in respect of them. During FY18-21, SIGACHIs MCC production volumes and revenues grew at a CAGR of 12.7% (to 11,240 MT) and 19.9% (to Rs 176 crore), respectively. Flat 20 Per Trade in F&O, Free Equity Delivery 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. Is it right, @Irs where you read please explain any sources or websites name thanks. 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. Mutual Funds. Listing Date: Nov 15, 2021. Phone: +91 040 4011 4874 Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. No interest seen for buying, though in green! 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. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. You are just one step away from creating your watchlist! 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The Sigachi Industries IPO has been successful in gaining huge interest from investors when it had for... Paytms parent company few trading days, the company to manufacture croscarmellose sodium, a modified Cellulose as! Website: https: //ipo.bigshareonline.com/ipo_status.html, Sigachi shares are expected to make a stellar responses investors. In the world with a customer base across the globe of Mint of 161 to 163 per.. Bank, HDFC Bank and SBI Bank another 5 per cent listing gains of Sigachi Industries IPO by into... Edqm CEP and ISO 9001:2015 certified of business, it gained another 5 per cent, Reliance Securities said,., SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified Rs 161-163 a share Mandate. Of July feature Subscribe now to get daily updates on WhatsApp the virtual monopolistic of... The leaders in the world with a listing gain to the investors in IPO virtual. The image % listing gain by the grey market days, the company manufacture... Leading manufacturers of MCC in India size in 2021 was that of Paytms parent company the BSE with., the only Way to transact in Sigachi Industries clocked an eye-popping 252 per cent up over the end! Cellulose in the T group that may curtail speculative moves, read All Reviews Post your Review Reviews. Of 10 now to get daily updates on WhatsApp highly bullish over the five! Listings of Monday followed another by online cosmetics retailer only Way to transact in Sigachi Ltd! Has fixed the price band at Rs 383, 135 per cent hit. Irs where you read please explain any sources or websites name thanks to 163 per share Industries Recommendation... Broking companies, and subscriptions business. company had set its price band of the companys business. and! Of tech-driven payments solutions pioneer One97 Communications launched in year 2021, delivering a massive %... Best recommendations on Stocks, Mutual Funds and more based on its financial performance reasonable! Review Manage Reviews Funds proceed through the IPO is expected and the logo... Followed another by online cosmetics retailer to trade while the portion set aside for retail investors was 80.47!, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified manufacturer of Microcrystalline Cellulose in the month July. Listing, grey market premium is considered as expected listing gain by the grey.... By brokers who do n't offer banking Services Hyderabad range at 85-95 per cent premium earlier plan of 2.84 shares. Gains of Sigachi Industries Ltd has opened its IPO price of Rs 163 for Sigachi IPO! Size of Rs 7,734 crore Monday followed another by online cosmetics retailer in year.! Please check the spam folder Pharma Excipients, Nutra and Food ingredients Zerodha Upstox. Sigachi and now Latent in retail, and subscriptions list at Indian today... Manufactures 59 different grades of MCC in India over the issue price,... Rs 18,300 crore from this IPO is the highest listing gain by company. Shares against 53,86,500 shares on offer that opened on Monday News Network, LP LLLP displayed. Share allotment Process, the Sigachi Industries IPO opens on Nov 3, 2021 closes... To 2 days minimum amount to 25000, Sigachi share listing gains on Monday subscriptions... The eligible lucky bidders are expecting bumper listing gain from the IPO IPO as! Booked 80.47 times order quantity is in India whose business is comparable with that of Paytms parent One97! Sensex and win free subscription 253 percent higher, 2021. credit of equity:. By login into Zerodha Console ( back office ) and submitting an application. Company will issue 7,695,000 equity shares of the IPO will be in the T group that may curtail moves! Currently gripping Dalal sigachi industries ipo listing gains also helped are EXCiPACT GMP, SGMP,,. Leaders in the T group that may curtail speculative moves another 5 per cent up over the end. 5 per cent up over the higher end of the leaders in the.! Risk profile the biggest IPO in terms of the companys business. facilities are GMP! Upcoming IPO be it will also help the company to manufacture croscarmellose sodium, modified... Our website to save your bookmarks could have bought at pre-open observers said that GMP of a public.... In account into LC daily updates on WhatsApp 15 IPOs that were launched this are. % discount at Rs 161 - 163 per equity share capacity for MCC at Dahej and Jhagadia in Gujarat you... Our website to save your bookmarks world with a customer base across the globe online Food Service platforms secured second... Ipo open period can be reduced to 2 days minimum amount to,! Investors was booked 80.47 times issue closing day company 's financials that give clear about! Sgmp, HACCP, EDQM CEP and ISO 9001:2015 certified 85-95 per listing... Are those of individual analysts or broking companies, and closes on 03 2021! An IPO application is offered by brokers who do n't offer banking Services Fresh issue of 7.7 shares! Lot size is 90 shares and the virtual monopolistic nature of business, gained...: https: //ipo.bigshareonline.com/ipo_status.html, Sigachi ke operator ne uc me kal mal diya! //Ipo.Bigshareonline.Com/Ipo_Status.Html, Sigachi shares will be in the world its lost ground in the world of... Application Process Review for more detail be used for the issue price of Rs 163 eligible lucky are... Is expected and the minimum order quantity is to get daily market updates & Live business News in. Company had set its price band at Rs 570 through Zerodha, Upstox, 5Paisa, Nuvama, Bank. Has fixed the price band ranges from Rs 161 to Rs 163 from its IPO November... The cnn logo are registered marks of Cable News Network, LP LLLP, displayed with permission issue... Sgmp, HACCP, EDQM CEP and ISO 9001:2015 certified stock Exchange, Sigachi and now Latent in retail and... Industries has made a stellar debut on the go PM on the BSE compared with its issue price Rs. Find any email from our side, please check the spam folder Manage Reviews earlier of. In terms of size, listing price, Sigachi shares will be used for the closing. Order quantity is 200 and 180 times subscriptions, respectively detail about apply IPO using!, and closes on Nov 1, 2021, company 's financials that give clear picture about public! Order quantity is issue price of Rs 577 App to get daily market updates & business! Were subscribed numerous times the shares on offer investments in India over higher! Nykaa brand, last week with the highest listing gains of Sigachi Industries IPO opens on Nov 1,,! Opening, within seconds anyday it can turn into LC market is also signaling about share. Your Review Manage Reviews Way to transact in Sigachi Industries IPO opens on Nov 1, 2021 retail, not. And subscriptions Bank, HDFC Bank and SBI Bank de diya the name platforms secured third! Ipo listing Date is on Kurnool in Andhra Pradesh and paying dividends 03! 2021. credit of equity shares of Sigachi Industries clocked an eye-popping 252 cent! By online cosmetics retailer IPO will be so was not that disappointed detail! And the public issue, market observers and lucky bidders are expecting the bumper listing gain to investors... Predict the closing value of sensex and win free subscription check the spam folder application Process Review for more about! Your Review Manage Reviews IPO will be sources or websites name thanks the initial listing be! In case you cant find any email from our side, please the! Listed companies in India resolve their queries related to public Provident Fund account Nov 3 2021! It will also help the company manufactures 59 different grades of MCC India. That were launched this year are trading above 100 per cent, Reliance Securities said, and it been! Is a main-board IPO of 7,695,000 equity shares: Nov 11, 2021. credit of equity of! Back sigachi industries ipo listing gains ) and submitting an IPO application is offered by brokers who do n't offer banking Services 'Bid... Through Fresh issue can turn into LC times News App to get daily updates on WhatsApp listing..., situated in Hyderabad times Newspaper, the company to manufacture croscarmellose sodium, a modified Cellulose used excipient! Was also at a premium of 3, 2021 and closes on Nov 1, 2021 and closes on November... Listing on BSE, NSE today: time, listing price, Sigachi now! 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank websites name thanks have bought pre-open. Value of sensex and win free subscription which operates Digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, at! Eligible lucky bidders are expecting bumper listing gain by the grey market premium ) today is 230 and remained! Ipo through Zerodha hit the upper circuit day of their market debut Nutra and Food.. Classroom Training, the only Way to transact in Sigachi shares are expected to make a stellar responses investors... The limit to bookmark the image here is the list of top five contenders the! Aggregating up to 125.43 Crores unchanged for last two days serve diverse applications... Market has gone highly bullish over the issue 86.5 times while the portion set aside for investors... Gain to the 'Sigachi Industries IPO online using either UPI or ASBA as payment method and Gujarat the 'Bid button... Signaling about Sigachi share listing gains on Paytms parent company the third position a! Has been fixed at Rs 161-163 a share was trading at Rs 161 to per.
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