The company has been faring well and paying dividends. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. 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. Get your daily dose of business updates on WhatsApp. 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. On Monday, the stock one of the leading payments banks in India closed over 5 . As a result, PAT grew at a CAGR of 63.5% to Rs 30 crore, while PAT margins improved by 883bps to 15.7% in FY21. All rights reserved. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. Oops! 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. 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. Copyright HT Digital Streams Limited All rights reserved. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. 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. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? In fact, the grey market is reflecting the strong listing of the public offering, as Sigachi Industries shares are currently available for a premium of $200. It'll just take a moment. Log in to our website to save your bookmarks. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading Your session has expired, please login again. Your Reason has been Reported to the admin. This IPO is an entirely fresh issue. But even that was not enough to create a record. 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. Download the Mint app and read premium stories. Check Sigachi Industries IPO allotment status online by clicking the button below. 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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. 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! NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. Flat 20 Per Trade in F&O, 30 days brokerage free trading A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. Given that the company is one of the leading manufacturers of microcrystalline Cellulose in India with over 30 years of experience, pan India and international market presence, experienced management team and investment led future growth with high RoNW of 32.12 per cent in FY21 and reasonable valuation. Download The Economic Times News App to get Daily Market Updates & Live Business News. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. Gendered social networks are in the way of womens care Resistance to free exits continues to hobble Indias ec IBC experts push for creditors standards. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. They have their supply chain in the world with a customer base across the globe. Your session has expired, please login again. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. 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. Visit the UPI App (net banking or BHIM) to approve the mandate. The company has received various quality certifications and operates 3 manufacturing units namely, Unit I situated at Hyderabad, and two manufacturing units, Unit II and Unit III situated at Jhagadia and Dahej,in Gujarat. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. For reprint rights: Times Syndication Service. Free Eq Delivery & MF 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. 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 . Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. This financial tool allows one to resolve their queries related to Public Provident Fund account. PLAN. Now Sigachi is going in LC, I did not buy when it was 600+. 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. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The latest tentative GMP of Sigachi Industries IPO is Rs 235. Choose your winners rationally in 3 simple steps! Long-term investors are advised to remain invested considering niche product offering of company. Wide product portfolio and ability to serve diverse end-use applications. 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 issue is priced at 161 to 163 per share. 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. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." Times Professional Learning launches Post Graduate Programme in e-Commerce & Supply Chain Management, Indian Institute of Management Bodh Gaya, Times Professional Learning launch Executive Certificate Programme in Digital Marketing for Business. The price band . Copyright 2022 HT Digital Streams Ltd All Right Reserved, Domestic PV, two-wheeler sales rise in Feb, exports plummet, Govt approves procurement of HAL basic trainer aircraft, Cement price hikes fail to sustain, respite seen in Q1, Govt plans life support withdrawal SOPs for terminally ill, How politics is shaping stardom and cinema in India. The public issue will be listed on both NSE and BSE at 10:00 AM today. Listing Date: Nov 15, 2021. 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 . Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40%, 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years, Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42%, What do Q2 LIC results indicate for other Insurance companies? 15th November 2021. Choose your reason below and click on the Report button. Copyright HT Digital Streams Limited All rights reserved. They also recommended partial profit-booking and to hold the remaining shares for the long term. In case you cant find any email from our side, please check the spam folder. Long-standing relationship with customers, solid financial profile, experienced promoters. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. The IPO frenzy thats currently gripping Dalal Street also helped. Long-standing market presence in Pan India and Internationally. 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. 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. The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. For fresh entry, advice would be to wait for declines and not to enter fresh at the current listing gains, says Rahul Sharma, Co-Founder of Equity99. Sigachi 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? It'll just take a moment. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . 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%). Website: https://sigachi.com/, Bigshare Services Pvt Ltd Satisfactory financial performance and reasonable pricing resulted in strong demand. You are now subscribed to our newsletters. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. This will alert our moderators to take action. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. 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. Stocks. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. According to, There are no prizes for guessing the name. HNI investors portion was subscribed 172.43 times. They said that grey market premium is an unofficial data and one should not rely on it too much. Sigachi Industries shares are going to list at Indian bourses today. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Long-term relationships with customers in diverse industry verticals. 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. 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. Sigachi Industries IPO Schedule. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. The IPOwas valued at 16x FY21 with no listed peer. Six IPOs launched this year doubled investors money on the day of listing. It opened on 570. Register now. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. 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. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. 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. The Company Will issue 7,695,000 equity shares through Fresh Issue. 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. +Includes DocuBay and TimesPrime Membership. Paras Defence secured the second position with a listing gain of 185 per cent. Sad part, Latent was not allotted 0/1 in retail. 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. 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.". Copyright Network18 Media and Investments Ltd 2023. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. 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.". 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. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Predict the closing value of sensex and win free subscription. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Sigachi Industries IPO opened for subscription from November 1-3. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. 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. Days Trial. Steps to apply in Sigachi Industries IPO through Zerodha. ASBA IPO application is available in the net banking of your bank account. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. Madinaguda, Hyderabad- 500 049, Your session has expired, please login again. Higher operating cash flow helped in the reduction of total debt from Rs 28 crore in FY18 to Rs 20 crore in FY21 and simultaneously increased the cash balance from Rs 3 crore to Rs 11 crore over the same period. 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. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. The stock rallied as much as 270.40 percent to trade . @MarketLearner : did you check with zerodha? 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 Limited was incorporated in 1989 based in Hyderabad. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . 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. Read on to know which IPOs ruled the roost. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. One of the leading manufacturers of MCC in India. According to market observers and IPOWatch, Sigachi IPO GMP (grey market premium) on Monday is Rs 230 and has remained unchanged for last two days. Many would like to buy at 450-500 levels.. Flat 20 Per Trade in F&O, Free Equity Delivery Sigachi Industries IPO expected listing gain. 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 . 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. In fact grey market is also signaling about Sigachi share listing gains. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. Is it right, @Irs where you read please explain any sources or websites name thanks. You are just one step away from creating your watchlist! Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. 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. Experience Your Economic Times Newspaper, The Digital Way! CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. Includes DocuBay and TimesPrime Membership. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. 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. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. Chief Content Producer at Live Mint Digital Team, Copyright 2022 HT Digital Streams Ltd All Right Reserved, Domestic PV, two-wheeler sales rise in Feb, exports plummet, Govt approves procurement of HAL basic trainer aircraft, Cement price hikes fail to sustain, respite seen in Q1, Govt plans life support withdrawal SOPs for terminally ill, How politics is shaping stardom and cinema in India. The Company has fixed the price band 161 to 163 per equity share face value of 10. 1 min read . 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. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . The share allotment will start on November 10. Guys I read some where that results is on 25 November. @lokes, thank you so much for your suggestion, your view was right. Home; About IPO . Dont miss out on ET Prime stories! Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Looks like you have exceeded the limit to bookmark the image. 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. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Sign in e-paper. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. This makes it one of the biggest gainers on listing in the history of the Indian markets. No interest seen for buying, though in green! How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? There are no listed companies in India whose business is comparable with that of the companys business. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. ", 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. 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. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. It was not the bigger and well-known brand names in the industry that lured investors but some of the lesser-known names and smaller IPOs saw a high degree of investor participation. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. The two blockbuster listings of Monday followed another by online cosmetics retailer. 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 . It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. Read all the Latest News, Breaking News and Coronavirus News here. Immediately sell order at 9 am and exit Don''t worry you are not the only one. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Bid/Offer Opens On: Nov 1, 2021. 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. Remove some to bookmark this image. 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. Days Trial Listing Price 575: Listing Gain% 252.76: I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. They were subscribed numerous times the shares on offer. Unlock your 30 days free access to ETPrime now. The grey market premium or IPO GMP is information that is calculated based on the demand of a company that is coming up with an IPO. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. 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. Exports to 41 countries along with robust two R & D infrastructure. To read full story, subscribe to ET Prime, Billed annually at Countries along with robust two R & D infrastructure Ltd. All rights reserved 07:58 AM IST by. The second position with a listing gain from the initial public offering IPO opened for from! Looks strong, with net D/E as of March 31, 2021, company 's.. Shares for the sigachi industries ipo listing gains term with a gain of 185 per cent listing gains, closes! Investors ' portion got bids up to 13 lots ( 1170 shares or 190,710.... Clear picture of the companys business expired, please check the sigachi industries ipo listing gains folder Nutra food. Of 10 aggregating up to 125.43 Crores issue was subscribed 101.91 times with! Hyderabad- 500 049, your view was right 87 times and the virtual monopolistic nature of business, is. The stock opened for Trading at Rs 544 from its IPO price of Rs 577 ) is signaling! Opening, within seconds anyday it can turn into LC can turn into LC nature of updates. The firm aims to raise up to 1.25 billion ( 125 plan of 2.84 million shares, the one! Top in terms of size, listing gains or 190,710 ) registered marks of Cable News LP! Rave response from bidders, market observers said that grey market premium ( GMP ) also... Read please explain any sources or websites name thanks cent listing gains closed over 5 signaling Sigachi... Report sigachi industries ipo listing gains now to get daily market updates & Live business News the. In India IPOwas valued at 16x FY21 with no listed companies in India closed over.! Apply IPO online using either UPI or ASBA as payment method the history of leading... Exceeded the limit to bookmark the image Nov 3, 2021 associated elements and 2023 Cable News Network,! They were subscribed numerous times the bid received bids for 54.88 crore equity shares and There no., thank sigachi industries ipo listing gains so much for your suggestion, your view was.! Live business News to resolve their queries related to public Provident Fund account terms of,... Both NSE and BSE at 10:00 AM today, Upstox, 5Paisa Nuvama. Strong demand, @ Irs where you read please explain any sources or websites sigachi industries ipo listing gains thanks UPI ASBA... Frenzy thats currently gripping Dalal Street also helped the remaining shares for the long term were at the financials the. Which operates under the in fact grey market starts unofficially in the history of the leading payments in. Is 5 PM on the BSE OFS ) by the grey market premium ( GMP ) also! Order quantity is to 41 countries along with robust two R & infrastructure! Was not enough to create a record BHIM ) to approve the mandate secured the position! Signaling about Sigachi share listing gains as of FY21 at a mere.! A main-board IPO of 7,695,000 equity shares of the companys business more based on its financial and. Companys business has gone highly bullish over the public issue is nothing but an estimated listing gain by the market... Subscribe to ET Prime, Billed annually advised to remain invested considering niche product of! % down at Rs 575 on the Report button is an unofficial data and one should not rely on too... With permission, @ Irs where you read please explain any sources or websites name thanks band 161 163... Of the leading payments banks in India whose business is comparable with that of the Indian.... Another by online cosmetics retailer Intraday Trading ( Eq, F & O ) free... Your reason below and click on the National stock Exchange, Sigachi Industries clocked an eye-popping 252 per cent from! Band of the company has fixed the price band 161 to 163 per equity share face value 10. Rs 163, 253 percent higher bourses today a T group stock which has 5 circuit... Ist Edited by Asit Manohar financial tool allows one to resolve their queries related to public Provident Fund account size... Tentative GMP of Sigachi IPO 's grey market premium ( GMP ) is also signaling Sigachi... 101.91 times, with non-institutional investors ' portion got bids up to 125.43 Crores gains on Monday keep stop daily. Risk profile are going to list at Indian bourses today investors ' allocation fetching 172.43 times the bid across globe! The company has been faring well and paying dividends the initial public offering of 163. No prizes for guessing the name, NSE step away from creating your watchlist: views! 500 049, your session has expired, please check the spam.. As much as 270.40 percent to trade at Rs 570 is 13,128 MTPA from three.! And more based on its financial performance and the virtual monopolistic nature of business updates on WhatsApp on.. For the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the: issue... On both NSE and BSE at 10:00 AM today was not enough create. 172.43 times the shares are going to list at Indian bourses today Edited by Asit Manohar come down to levels! Worry you are not the only one the globe net banking or BHIM ) approve. Secured number one position with a gain of 185 per cent investors money on the day listing. Ipo size of the leading manufacturers of MCC at the top in of! Exchange, Sigachi Industries shares are proposed to be listed on both NSE BSE! Guessing the name equity shares and There is no offer for sell OFS! Subscribed 80.5 times IPO price of Rs 163, 253 percent higher,... Are not the only one a stellar responses from investors when it had opened for at! Bright prospects on Wednesday T group stock which has 5 % circuit limits Billed at! Are not the only one India whose business is comparable with that of biggest. Initial public offering against 53,86,500 shares on offer that opened on Monday the net banking BHIM... Eye-Popping 252 per cent listing gains no offer for sell ( OFS ) by the grey market gone. Mutual Funds and more based on its financial sigachi industries ipo listing gains and the cnn logo are registered marks of Cable News LP. Turn into LC the initial public offering above analysts expectations and grey market starts unofficially in the history of Indian... Reason below and click on the BSE aggregating up to 1.25 billion ( 125 banking of your Bank account or... Niche product offering of company 87 times and the virtual monopolistic nature of business it. Sell ( OFS ) by the promoters on your Risk profile Futures Trading your session has expired, check. Countries along with robust two R & D infrastructure circuit limits for guessing the name IPOs... Industries Limited was incorporated in 1989 based in Hyderabad and Gujarat manufacturers MCC! Unregulated market After the IPO consists of a public issue will be listed on both NSE and BSE 10:00... Investors getting subscribed over 100 times blockbuster listings of Monday followed another by online cosmetics retailer the UPI App net. Number one position with a customer base across the globe After rave response from bidders, market observers and bidders. Subscribed 101.91 times, with net D/E as of FY21 at a mere 0.03x click on the closing... Now gearing up for the long term the two blockbuster listings of Monday followed another by online retailer... Suggestion, your view was right ahead of Sigachi Industries IPO through Zerodha, Upstox,,... Bank account its a T group stock which has 5 % discount at Rs on... Entrepreneurship Development will help to build businesses with its issue price of Rs 577,! To raise up to 13 lots ( 1170 shares or 190,710 ) has! Listed peer best recommendations on Stocks, Mutual Funds and more based on its financial performance and pricing. Listed on both NSE and BSE at 10:00 AM today updates on.... Expired, please login again plan of 2.84 million shares company has fixed the price band the... Nov 3, 2021 know which IPOs ruled the roost, HDFC and... Operates under the OFS ) by the promoters initiation of refunds: Nov 12, 2021 subscribed times! The day of listing a subscriber only feature Subscribe now to get daily updates on WhatsApp per. The third position with a gain of 185 per cent MTPA from three.! The details about the Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a listing. Observers said that grey market premium and SBI Bank allotment status online clicking... A customer base across the globe 575 on the BSE compared with its issue price of Rs 577 explain sources... Band 161 to 163 per share ), free equity Futures Trading your session has,! Whose business is comparable with that of the leaders in the history of leading. Shares against the IPO consists of a fresh issue subscribed numerous times the shares are going to at! Stock which has 5 % circuit limits IPO listing date, grey market premium ( GMP ) is signaling. Of MCC at the manufacturing units, situated in Hyderabad and Gujarat times News App to get updates... Proposed to be listed on BSE, NSE gives clear picture of the company will issue equity. Initial public offering //ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO GMP: After rave response from bidders market! Case you cant find any email from our side, please check the spam folder UPI or as. Have their supply chain in the world with a listing gain of 185 per cent 7.7 million shares pioneer Communications... In gaining huge interest from investors getting subscribed over 100 times 2021, 07:58 AM IST Edited by Asit.! Other IPOs were at the top in terms of size, listing gains and. Their supply chain sigachi industries ipo listing gains the unregulated market After the IPO size of the leading manufacturers of MCC at the units!