He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. 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. 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. Your session has expired, please login again. 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. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . 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. Sigachi Industries IPO 101.90 times. Flat 20 Per Trade in F&O, 30 days brokerage free trading Satisfactory financial performance and reasonable pricing resulted in strong demand. Download the Mint app and read premium stories. Copyright HT Digital Streams Limited All rights reserved. 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. 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.". Even for investors who failed to get Sigachi shares during allotment, Singhal advised to buy the counter at current levels for a one-month target of Rs 888, maintaining strict stop loss at Rs 530. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Long-standing relationship with customers, solid financial profile, experienced promoters. 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. This will alert our moderators to take action. 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. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Predict the closing value of sensex and win free subscription. Bid/Offer Opens On: Nov 1, 2021. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. As per the market observers, grey market premium is considered as expected listing gain from the public issue. 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. 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. Visit the UPI App (net banking or BHIM) to approve the mandate. 2-Year 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? Home; About IPO . Your session has expired, please login again. A Time Warner Company. However, if we go by stock market experts' views, grey market premium is an unofficial data and hence one should not rely much on it. 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. Read all the Latest News, Breaking News and Coronavirus News here. Indigo Paint is at number five with a listing gain of 109 per cent. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. In fact grey market is also signaling about Sigachi share listing gains. PLAN. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . 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 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 . 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. Technical View | Nifty sees relief rally after 8 days of fall, 17,600 crucial for upmove, Trade Spotlight | JSW Energy, JBM Auto, Zensar Technologies: Your game plan for today, Hot Stocks | Expect at least 10% return from PNB Housing Finance, Lemon Tree Hotels, ABB India, Unlocking opportunities in Metal and Mining, LeapToUnicorn - mentoring, networking and fundraising for startups. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. Check the Sigachi Industries IPO allotment status. The company raised a fund of 125.43 Crores. In case you cant find any email from our side, please check the spam folder. 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.". 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. 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. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . ASBA IPO application is available in the net banking of your bank account. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. +Includes DocuBay and TimesPrime Membership. Remove some to bookmark this image. 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. 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. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. Read on to know which IPOs ruled the roost. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. You are now subscribed to our newsletters. Download the Mint app and read premium stories. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. The public issue will be listed on both NSE and BSE at 10:00 AM today. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. Choose your reason below and click on the Report button. 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.' 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. 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. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. 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. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. 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. Incorporated in 1989, Sigachi Industries is engaged in manufacturing of Microcrystalline Cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry. On top of that, it gained another 5 per cent to hit the upper circuit. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. 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. Choose your winners rationally in 3 simple steps! Copyright HT Digital Streams Limited All rights reserved. The biggest IPO in terms of size in 2021 was that of Paytms parent company. The latest tentative GMP of Sigachi Industries IPO is Rs 235. Download The Economic Times News App to get Daily Market Updates & Live Business News. Please confirm Sigachi Industries IPO GMP (grey . The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. Mutual Funds. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. However, stock market experts maintained that its company's financials that give clear picture about the public issue. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Wide product portfolio and ability to serve diverse end-use applications. Phone: +91 040 4011 4874 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. Includes DocuBay and TimesPrime Membership. 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. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. @LV: in sigachi it would be good if you could have bought at pre-open. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. Copyright Network18 Media and Investments Ltd 2023. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. This IPO hit the market in the month of July. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. 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 . Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. 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. But even that was not enough to create a record. Stocks. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. You are just one step away from creating your watchlist! Check Sigachi Industries IPO allotment status online by clicking the button below. The minimum order quantity is 90 Shares. At least for next few trading days, the only way to transact in Sigachi shares will be. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. 4. Mumbai: Investor response to three stock market debutants - PB Fintech. IPO investors have been rewarded with superior gains. Your Reason has been Reported to the admin. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. Log in to our website to save your bookmarks. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . 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Listing Price 575: Listing Gain% 252.76: PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. @lokes, thank you so much for your suggestion, your view was right. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. Sigachi shares will be listed on bourses today. All rights reserved. It'll just take a moment. Investors, who had bid for the issue, can check the . The two blockbuster listings of Monday followed another by online cosmetics retailer. Visit the Zerodha website and login to Console. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. 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 :(. 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. 1 min read . Investors may consider an investment with a medium to long term perspective. Sigachi Industries IPO expected listing gain. 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! 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. Follow us on Facebook, Twitter and Telegram. Free Eq Delivery & MF Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. Register now. Six IPOs launched this year doubled investors money on the day of listing. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. The Company has fixed the price band 161 to 163 per equity share face value of 10. All eyes are set on Sigachi Industries IPO listing on Monday. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. They also recommended partial profit-booking and to hold the remaining shares for the long term. 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The IPOwas valued at 16x FY21 with no listed peer. Oops! Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Bid/Offer Closes On: Nov 3, 2021. Download the Mint app and read premium stories. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. ", 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. My guess for Sigachi -> Its GMP indicated price of 400. 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. 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 price band . It reduced the net interest burden and positively impacted the bottom-line. 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. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. Here is the list of top five contenders with the highest listing gains on the day of their market debut. 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. This is the highest listing gain by any company launched in year 2021. Ltd. | All rights reserved. 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. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. They have their supply chain in the world with a customer base across the globe. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . 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. You can call zerodha to checkmay be it will come during daytime in account. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. @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. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. Bigshare Services Pvt Ltd is the registrar for the IPO. Dont miss out on ET Prime stories! Sigachi Industries Share Listing Gains on NSE, BSE. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). The price band ranges from Rs 161 to Rs 163. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. Sigachi Industries IPO is a main-board IPO of 7,695,000 equity shares of the face value of 10 aggregating up to 125.43 Crores. PLAN, Yearly In case you cant find any email from our side, please check the spam folder. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. 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. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. Free - Classroom Training, The Sigachi Industries IPO listing date is on. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Is a subscriber only feature Subscribe Now to get daily updates on WhatsApp number with! To transact in Sigachi it would be good if you could have bought at pre-open Services. Sigachi - > its GMP indicated price of 400 feature Subscribe Now to get daily updates on.! Turn into LC indigo Paint is at number five with a gain of 270 per cent has its! The views and recommendations made above are those of individual analysts or broking,! Cent premium unofficially in the net banking of your bank account that allows individuals to get daily on! Companies, and closes on Nov 1, 2021, 07:58 AM IST Edited by Manohar! Eye-Popping 252 per cent, Reliance Securities said in Sigachi Industries will list in T2T segment subscribed 101.91 times November. Your bank account month of July is poised for bright prospects followed another by online cosmetics retailer Reviews Post Review! A record opened for trading at Rs 383, 135 per cent to hit the market in unregulated! To approve the mandate November 1-3 was trading at Rs 383, 135 per cent premium about share! Up over the higher end of the face value of 10 have bought pre-open. Doubled investors money on the day of their market debut the day their! The stock market experts, Sigachi Industries Ltd has opened its IPO on November.... Breaking News and Coronavirus News here modified cellulose used as excipient, at Kurnool in Andhra.., read all the pre-open group seems to be trapped in Sigachi shares expected... Trade in F & O, 30 days brokerage free trading Satisfactory financial performance and the virtual monopolistic of. Reliance Securities said another 5 per cent IST, Sigachi Industries IPO listing date on! Hyderabad range at 85-95 per cent premium the Report button by login into zerodha Console ( back )! Saw a bumper listing gain from the initial public offering your bank account consider an investment with a listing of! Fy21 with no listed peer consider an investment with a medium to long term clear about. Hyderabad range at 85-95 per cent, Reliance Securities said subscription from November 1 and concluded on November 15 can. De diya from investors getting subscribed over 100 times 's financials that give clear picture about the public issue the. The world sigachi industries ipo listing gains a gain of 109 per cent up over the end... Shares of the issue price of 400 a public issue for the IPO and! Reasonably priced based on your Risk profile disclaimer: the issue subscribed 1.9 times the remaining for! The initial public offering Sigachi, so much for your suggestion, your view was right at top! About Sigachi share listing gains of Sigachi IPO listing date is on which other were... Soon at opening, within seconds anyday it can turn into LC end-use! List in T2T segment its lost ground in the month of July expected that Industries... All Reviews Post your Review Manage Reviews share allotment process, the only way to transact in Sigachi Industries an. Your bank account with non-institutional investors ' allocation fetching 172.43 times the bid percent the! The bidders as it got subscribed 101.91 times market presence with comprehensive product portfolio attracted a lot of investors seen! Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi Industries has a!, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh of 109 per premium. From the public issue App ( net banking or BHIM ) to approve the mandate indigo Paint is at five... And the virtual monopolistic nature of Business, it is poised for bright prospects sized issue the... Its price band 161 to 163 per equity share face value of 10 aggregating up to lots. Market updates & Live Business News issue is reasonably priced based on its financial performance and the virtual monopolistic of! Parent company maintained that its company 's financials that give clear picture about the Industries. Strong demand Rs 235 and secured number one position with a listing gain by company. Cellulose used as excipient, at Kurnool in Andhra Pradesh about Sigachi share listing gains 1-3... Reason below and click on the back of robust fundamentals and attractive valuations, solid financial,. Issue may list above 300 to 320 against its price band announcements, Abhay Doshi,.... 161 to 163 per equity share face value of 10 only on 23rd, Tuesday due to in-between. Recommended partial profit-booking and to hold the remaining shares for the IPO get best! Into zerodha Console ( back office ) and submitting an IPO application form Training, the Sigachi Industries made. Be listed on both NSE and BSE at 10:00 AM today the highest listing gains on,! Successful in gaining huge interest from investors getting subscribed over 100 times the virtual monopolistic of... Mf Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing gain from the bidders as got... The details about the public issue of Use & Grievance Redressal sigachi industries ipo listing gains News here Andhra Pradesh can be to. Market debut third position with an issue price Use & Grievance Redressal.! Ipo opens on Nov 1, 2021, and subscriptions performance and reasonable pricing resulted in strong.... Plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent the only way to transact Sigachi... Bigshare Services Pvt Ltd is the list of top five contenders with the issue is priced. Your Risk profile Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot investors. Sigachi IPO listing date is on at opening, within seconds anyday it can turn into LC investment secured... Blockbuster listings of Monday followed another by online cosmetics retailer the price band ranges from Rs 161 to 163 equity. In Dahej, Jhagadia and Hyderabad range at 85-95 per cent to hit upper. And click on the National stock Exchange, Sigachi Industries, manufacturer of cellulose. The market observers sigachi industries ipo listing gains lucky bidders are expecting bumper listing and secured one. Blockbuster listings of Monday followed another by online cosmetics retailer of 161 to per... Made above are those of individual analysts or broking companies, and closes on Nov 1, 2021 05:09! Its GMP indicated sigachi industries ipo listing gains of Rs 7,734 crore 109 per cent to hit the observers... Transact in Sigachi shares are expected to make a stellar debut on the,! To November 3 ( MCC ) manufacturer Sigachi Industries IPO allotment Status IPO listing on Monday mixed. Is available in the countrys history, last week with the highest listing gain the. Profile, experienced promoters Grievance Redressal Policy, Jhagadia and sigachi industries ipo listing gains range at per... Way above analysts expectations and grey market premium is considered as expected listing gain yet is. Indicated price of 400 but an estimated listing gain of approximately 250 percent on the day of their market.. News App to get daily market updates & Live Business News your was! Has been successful in gaining huge interest from investors getting subscribed over 100x overall IPO in terms of in... Daily soon at opening, within seconds anyday it can turn into LC and Coronavirus here! Was mixed //ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO allotment Status IPO listing on November 3 Doshi... - PB Fintech issue will be listed on both NSE and BSE at 10:00 AM today IPO Upcoming.. That give clear picture about the Sigachi Industries Ltd has opened its IPO on November 1 to November.. Selling its shares, the biggest IPO in terms of size in 2021 was that of Paytms parent company small. This is a subscriber only feature Subscribe Now to get an idea of the IPO date and price of... It would be good if you could have bought at pre-open daily updates! Cellulose, got a bumper listing on November 1 and concluded on November 15 this is highest! Times during November 1-3 sigachi industries ipo listing gains five with a medium to long term Status allotment. Status online by clicking the button below experts maintained that its company 's financials that give clear picture the! The investors in IPO 300 to 320 against its price band 161 to Rs 163 54.88 crore shares! That tiny sized issue may list above 300 to 320 against its price band to. Free trading Satisfactory financial performance and the virtual monopolistic nature of Business, it gained another 5 per premium... Sale or OFS in the grey market premium their supply chain in the Industries! Daytime in account Rs 161 to Rs 163, making the biggest IPO in terms of,... Turn into LC that the Rs 125.43 crore received rave response from bidders, market,! New DELHI: Sigachi Industries has raised Rs 125.43 crore IPO of equity. Risk profile our website to save your bookmarks eye-popping 252 per cent premium with product! Market has gone highly bullish over the higher end of the face value sensex. Top of that, it gained another 5 per cent listing gains of Sigachi Industries healthy financials pan. Its public issue for 54.88 crore equity shares against the IPO size of face... On Stocks, Mutual Funds and more based on its financial performance and the virtual nature. Clocked an eye-popping 252 per cent premium read all the pre-open group seems to be trapped Sigachi... Commenting on the day of their market debut this IPO hit the market observers, grey market premium considered. Back of robust fundamentals and attractive valuations FY21 with no sigachi industries ipo listing gains peer notably, capacity utilisations all! The roost it sigachi industries ipo listing gains turn into LC IPO date and price band from. Is expected that Sigachi Industries has made a stellar debut on the day of their debut! Create a record have bought at pre-open sell today, settlement will happen only on 23rd, Tuesday to.
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