PLAN, Yearly Six IPOs launched this year doubled investors money on the day of listing. The company raised a fund of 125.43 Crores. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Mumbai: Investor response to three stock market debutants - PB Fintech. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . Flat 20 Per Trade in F&O, Free Equity Delivery According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. ET Now Digital. Sigachi Industries IPO 101.90 times. Compared to its IPO price of Rs 163 per share, the stock listed at Rs 575 and closed the first days session on the bourses at Rs 604 an appreciation of 253% over its offer price, according to BSE data. Register now. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. 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 . click here! The shares are proposed to be listed on BSE, NSE. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. It'll just take a moment. Predict the closing value of sensex and win free subscription. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. Copyright Network18 Media and Investments Ltd 2023. Madinaguda, Hyderabad- 500 049, 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. The two blockbuster listings of Monday followed another by online cosmetics retailer. Satisfactory financial performance and reasonable pricing resulted in strong demand. 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Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. 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If you . Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. They have their supply chain in the world with a customer base across the globe. I think it will turn around at 500 level and shudnt go below than that. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. It reduced the net interest burden and positively impacted the bottom-line. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Flat 20 Per Trade in F&O, 30 days brokerage free trading 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. . Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. 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 . ", 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. 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. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. 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. But even that was not enough to create a record. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. @lokes, thank you so much for your suggestion, your view was right. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. It'll just take a moment. 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. 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 . They advised bidders to look at the financials of the company as it gives clear picture of the company's business. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. HNI investors portion was subscribed 172.43 times. The company has an in-house R&D division equipped with the necessary facilities to carry out all necessary trials to develop new molecules from concept to commissioning. Download the Mint app and read premium stories. Many would like to buy at 450-500 levels.. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading Email: cs@sigachi.com 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. ", 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. Free - Classroom Training, The Sigachi Industries IPO listing date is on. Rakesh Jhunjhunwala-backed Star Health the largest standalone health insurance company in India with a market share of 15.8 per cent stood at the fourth position. The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. The German software giant aims to double its investments in India over the next five years. 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. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. 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. You are just one step away from creating your watchlist! How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. Finalization of Basis of Allotment: Nov 10, 2021. As Sigachi Industries IPO (Initial Public Offering) listing date (15th November 2021) is fast approaching, lucky bidders and market observers are busy guessing about the expected listing gain from the public issue worth Rs125.43 crore. 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. But the IPO by Paytm failed to impress investors. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. Long-term investors are advised to remain invested considering niche product offering of company. Tuesday, 21 February 2023. This financial tool allows one to resolve their queries related to Public Provident Fund account. The stock rallied as much as 270.40 percent to trade at Rs 603.75 against an issue price of Rs 163, at 12:46pm. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. 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. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Indigo Paint is at number five with a listing gain of 109 per cent. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. Remain invested considering niche product offering of company at number five with customer... Its investments in India over the public issue a bumper listing on November 15 way above expectations! By the promoters year doubled investors money on the day of listing ' got... 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