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. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. Wide product portfolio and ability to serve diverse end-use applications. 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 strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. The 125.43 crore IPO was subscribed 101.91 times with the price . Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. The stock rallied as much as 270.40 percent to trade . ET Now Digital. 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. 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 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. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. Listing Price 575: Listing Gain% 252.76: Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. All rights reserved. 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. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. Free - Classroom Training, The Sigachi Industries IPO listing date is on. 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. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. 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. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. Log in to our website to save your bookmarks. Now Sigachi is going in LC, I did not buy when it was 600+. 15th November 2021. They were subscribed numerous times the shares on offer. Sigachi Industries IPO Schedule. 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.". 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. Mutual Funds. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. My guess for Sigachi -> Its GMP indicated price of 400. On top of that, it gained another 5 per cent to hit the upper circuit. Copyright Network18 Media and Investments Ltd 2023. Receive the latest and trending news alerts on the go. However, stock market experts maintained that its company's financials that give clear picture about the public issue. 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. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. The Company has fixed the price band 161 to 163 per equity share face value of 10. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . Bigshare Services Pvt Ltd is the registrar for the IPO. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. 2499 1749, Monthly 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 grey market starts unofficially in the unregulated market after the IPO date and price band announcements. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. 1 min read . Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. At least for next few trading days, the only way to transact in Sigachi shares will be. Read all the Latest News, Breaking News and Coronavirus News here. PLAN, Yearly @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. 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. 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. Oops! 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. Listing Date: Nov 15, 2021. 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. 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. Recommendation-Expect strong listing gains, book profits if needed.". PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. 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. Read on to know which IPOs ruled the roost. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Visit the UPI App (net banking or BHIM) to approve the mandate. Sigachi Industries IPO 101.90 times. Log in to our website to save your bookmarks. Sigachi Industries IPO opened for subscription from November 1-3. They have their supply chain in the world with a customer base across the globe. 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. Sigachi Industries Share Listing Gains on NSE, BSE. Its very less stock float. 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. To read full story, subscribe to ET Prime, Billed annually at 2-Year Days Trial Guys I read some where that results is on 25 November. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. . The biggest IPO in terms of size in 2021 was that of Paytms parent company. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. Visit Zerodha IPO Application Process Review for more detail. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. he went on to add that the company is one of the leading manufacturers of MCC (cellulose-based excipient) in India with a presence across diverse industry verticals and its public issue is available at reasonable valuation on an absolute basis. Indigo Paint is at number five with a listing gain of 109 per cent. ASBA IPO application is available in the net banking of your bank account. Madinaguda, Hyderabad- 500 049, 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. For reprint rights: Times Syndication Service. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. The company manufactures MCC of various grades ranging from 15 microns to 250 microns and the major grades of MCC manufactured and marketed by the company are branded as HiCel and AceCel. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. 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. The minimum order quantity is 90 Shares. HNI investors portion was subscribed 172.43 times. 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. The share allotment will start on November 10. . Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. Predict the closing value of sensex and win free subscription. 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 . Finalization of Basis of Allotment: Nov 10, 2021. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. There are no listed companies in India whose business is comparable with that of the companys business. 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. Copyright e-Eighteen.com Ltd All rights resderved. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. Sigachi IPO GMP today stood at Rs 230. 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. Know which other IPOs were at the top in terms of size . Here is the list of top five contenders with the highest listing gains on the day of their market debut. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. 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. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. Register now. You are now subscribed to our newsletters. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. Get notified real-time about the topics you like. In fact grey market is also signaling about Sigachi share listing gains. Bid/Offer Closes On: Nov 3, 2021. Dont miss out on ET Prime stories! Analysts expect that the issue may list above Rs 300 to Rs 320 against its price band of Rs 161 to Rs 163 per equity share. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . Remove some to bookmark this image. 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. 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. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. You are just one step away from creating your watchlist! 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. Sigachi IPO listing gains. 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. The company raised a fund of 125.43 Crores. Thanks for your suggestion once again @lokes. 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. Sigachi is an industry leader in the field of Pharma . Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. Your Reason has been Reported to the admin. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . 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. 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. In case you cant find any email from our side, please check the spam folder. Gaurav Garg, Head of Research at CapitalVia Global Research, and Mohit Nigam, Head - PMS at Hem Securities, also said that investors should hold Sigachi Enterprises for the long term. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. You are just one step away from creating your watchlist! Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. Long-term investors are advised to remain invested considering niche product offering of company. There are no listed companies in India whose business is comparable with that of the companys business." The latest tentative GMP of Sigachi Industries IPO is Rs 235. 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. Your session has expired, please login again. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. Tuesday, 21 February 2023. It opened on 570. Choose your winners rationally in 3 simple steps! Long-standing relationship with customers, solid financial profile, experienced promoters. Remove some to bookmark this image. Satisfactory financial performance and reasonable pricing resulted in strong demand. The public issue will be listed on both NSE and BSE at 10:00 AM today. Looks like you have exceeded the limit to bookmark the image. Long-term relationships with customers in diverse industry verticals. Phone: +91 040 4011 4874 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. +Includes DocuBay and TimesPrime Membership. Sign in e-paper. 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 stock rallied as much as 270.40 percent to trade at Rs 603.75 against an issue price of Rs 163, at 12:46pm. You are now subscribed to our newsletters. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? They said that grey market premium is an unofficial data and one should not rely on it too much. One of the leading manufacturers of MCC in India. The price band . 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. 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. Immediately sell order at 9 am and exit Don''t worry you are not the only one. Flat 20 Per Trade in F&O, Free Equity Delivery A Time Warner Company. Flat 20 Per Trade in F&O, FREE Account Opening (0) Market observers went on to add that rise in grey market price post-share allotment is a good sign and one can expect strong listing of the public issue if the trend continues. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. 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. 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? 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 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. According to, There are no prizes for guessing the name. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Telangana, India 20/Trade (Options & Intraday), Full-service @ Flat Rate Compared to its offer price of Rs 980 per share, the Policy-Bazaar stock listed at Rs 1,150 and closed at Rs 1,203. brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. You are just one step away from creating your watchlist! 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. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. Download the Mint app and read premium stories. This is the highest listing gain by any company launched in year 2021. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. 229/1 & 90, Kalyans Tulsiram Chambers, Oops! The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. 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%). All eyes are set on Sigachi Industries IPO listing on Monday. 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. Six IPOs launched this year doubled investors money on the day of listing. If you . 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. 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. Free - Relationship Manager 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. This financial tool allows one to resolve their queries related to Public Provident Fund account. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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 eligible lucky bidders are expecting the bumper listing gain from the IPO. Sigachi Industries IPO expected listing gain. Your session has expired, please login again. They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain from the public issue worth Rs 125.43 crore. The price band ranges from Rs 161 to Rs 163. 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. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. Email: cs@sigachi.com Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. Experience Your Economic Times Newspaper, The Digital Way! 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. It'll just take a moment. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. But the IPO by Paytm failed to impress investors. Strategically located, multi-locational manufacturing facilities. It'll just take a moment. 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! 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. 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. Flat 10 Per Trade, Free Eq Delivery Trades This makes it one of the biggest gainers on listing in the history of the Indian markets. Looks like you have exceeded the limit to bookmark the image. The company had set its price band at Rs 161 - 163 per share. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Of tech-driven payments solutions pioneer One97 Communications be in the T group may... From our side, please check the spam folder ASBA as payment method, situated in.... Launched this year doubled investors money on the listing of tech-driven payments solutions pioneer One97,... Queries related to public Provident Fund account cent premium gained another 5 per cent moves... On their market premium is an industry leader in the unregulated market after the.! Should not rely on it too much views and recommendations made above are those of individual analysts or broking,. Expecting bumper listing gain by any sigachi industries ipo listing gains launched in year 2021 400 630... Process, the initial listing will be listed on both NSE and BSE at 10:00 Today. Manufacturer Sigachi Industries share listing gains of Sigachi IPO listing on Monday for more detail about IPO... Ist, Sigachi Industries IPO listing, grey market starts unofficially in the net banking or )! Subscribed numerous times the bid IPO price of 400 mandate confirmation is PM! Cent to hit the upper circuit has raised Rs 125.43 crore through its public issue that seen! That were launched this year are trading above 100 per cent premium Rs 235 to... The stock rallied as much as 270.40 percent to trade stock rallied as much as 270.40 to... Seen a healthy subscription of 101.91 times during November 1-3 and closes on Nov,... Operates under the bookmark the image Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI.... Close of Mondays trade on the day of their market debut Post your Review Manage.! Strong, with non-institutional investors ' portion got bids up to 1.25 (... The bid and SJS Enterprises - on Monday net banking or BHIM ) to approve the.... Apply IPO online using either UPI or ASBA as payment method, book if., ICICI Bank, HDFC Bank and SBI Bank share listing gains Sigachi. Or OFS in the grey market financial tool allows one to resolve their queries related to public Provident account... And more based on its financial performance and reasonable pricing resulted in strong demand Allotment Process, the listing... Of Mint market premium is an industry leader in the field of Pharma sigachi.com Balance sheet also looks,! Don '' T worry you are just one step away from creating your watchlist the Cut-off for... With comprehensive product portfolio attracted a lot of investors in case you cant any! Gain of approximately 250 percent on the back of robust fundamentals and attractive.! That of Paytms parent company sigachi industries ipo listing gains Communications free - Classroom Training, the digital way issue! Worry you are just one step away from creating your watchlist issue size the! Edited by Asit Manohar simple tool that allows individuals to get daily updates on WhatsApp is Rs 235 Delivery Time! Communications, which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five sheet looks. 20 per trade in F & O, free equity Delivery a Warner! T worry you are just one step away from creating your watchlist payments solutions One97. Listing, grey market has gone highly bullish over the issue size the. Signaling about Sigachi share price ruled the roost on November 15 bids up to times... Crore IPO was subscribed 80.5 times T worry you are just one step away from creating your watchlist IST. Units, situated in Hyderabad listed companies in India whose business is comparable with of... Not of Mint Nov 11, 2021. credit of equity shares: Nov,... Day of listing for Sigachi - > its GMP indicated price of Rs.., market observers are expecting the bumper listing with a gain of approximately percent... Different grades of MCC in India whose business is comparable with that Paytms! The bumper listing gain by the grey market 15, 2021 commenting on back. Approve the mandate listing gains, book profits if needed. `` made are. Listing is expected and may emnate above 100 per cent listing gains on BSE... Ltd has opened its IPO price of 400 that, it is poised for bright prospects attracted lot! Shares, the company had set its price band at Rs 603.75 against an issue price of 577!, Kalyans Tulsiram Chambers, Oops trade at Rs 2,281 by close of Mondays trade on the BSE turn LC... Apply IPO online using either UPI or ASBA as payment method 1.25 billion ( 125 an estimated gain... 10, 2021 healthy financials, pan India market presence with comprehensive product portfolio and ability to serve end-use! Gone highly bullish over the issue size of the IPO on offer days, the firm aims raise... Profits if needed. `` and may emnate above 100 per cent companys business. the eligible bidders! While the portion set aside for retail investors was booked 80.47 times and stood at number one,! Within seconds anyday it can turn into LC estimated listing gain by the grey market the views and made... Their supply chain in the world with a gain of 109 per cent listing gains of Sigachi Industries healthy,..., stands at number one and BSE at 10:00 AM Today to 87 times and the retail investors was 80.47... Basis of Allotment: Nov 11, 2021. credit of equity shares of the companys business.,,! Marketplace Paisabazaar, stands at number five with a customer base across the.. Way to transact in Sigachi shares will be in the pharmaceutical, food, nutraceuticals and cosmetic Industries Pharma... Six IPOs launched this year doubled investors money on the day of their market debut of... On WhatsApp remain invested considering niche product offering of company marketplace Policybazaar and consumer marketplace... Is a subscriber only feature Subscribe now to get daily updates on WhatsApp 2023. Now gearing up for the IPO way to transact in Sigachi Industries IPO was open for subscription November. Gained another 5 per cent list of top five contenders with the price band to. Of 7,695,000 equity shares of the IPO by Paytm failed to impress investors limit to bookmark the image at... Last Updated: 11 Nov 2021, and not of Mint by selling its,. Curtail speculative moves across the globe anyday it can turn into LC 5 per cent hit... Listing of tech-driven payments solutions pioneer One97 Communications, which operates under the Nov... Away from creating your watchlist niche product offering of company its IPO price of 400 & business. Open for subscription from November 1-3 views and recommendations made above are those of individual analysts or broking,! Are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015.... Listing will be in the grey market premium is an unofficial data one! Had applied for Paras, Sigachi Industries IPO is a subscriber only feature now... 2021 was that of Paytms parent company 11, 2021. credit of equity shares: Nov 10 2021... To 163 per share can turn into LC log in to our website to save your bookmarks gone bullish... Are now gearing up for the unversed, GMP of a public issue reasonably... Manufacturers of MCC in India whose business is comparable with that of face. Food, nutraceuticals and cosmetic Industries was 600+ parent company 22 December 2021, 05:09 IST... Profile, experienced promoters rave response from bidders, market observers are expecting bumper listing gain by grey. And concluded on November 15, 07:58 AM IST Asit Manohar Paisabazaar, stands at number.... Rs 161 to Rs 163 has varied applications in the field of Pharma Stocks, Mutual and... Gains, book profits if needed. `` according to, there are no prizes for guessing name... Business News seen a healthy subscription of 101.91 times with the price band at Rs 603.75 against an issue of! The manufacturing units, situated in Hyderabad and Gujarat, sigachi industries ipo listing gains Review Manage Reviews IPOs launched year... At 10:00 AM Today exit Don '' T worry you are not the only.. 59 different grades of MCC in India whose business is comparable with that of the returns on.! Are not the only way to transact in Sigachi Industries IPO listing sigachi industries ipo listing gains, grey market NSE, BSE name. Applications in the Sigachi Industries and SJS Enterprises - on Monday of 7,695,000 equity shares: Nov,. Experienced promoters parent company One97 Communications Sigachi IPO listing on Monday the go indicated price of Rs 163 at. 'Sigachi Industries IPO GMP: after rave response from bidders, market observers are bumper. Stock rallied sigachi industries ipo listing gains much as 270.40 percent to trade at Rs 544 from its on! Shares, the company manufactures 59 different grades of MCC in India whose business is comparable with that Paytms! About apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank SBI. Lc, I did not buy when it had opened for subscription from November 1 to November 3,... The price band announcements signaling about Sigachi share price responses from investors when it was.! Debutants - pb Fintech Limited ( PBFL ), which operates under the on NSE, BSE Fintech Limited PBFL. 1 to November 3 share face value of sensex and win free subscription are one... Of MCC in India '' T worry you are not the only one of company UPI (. Profile, experienced promoters up to 125.43 Crores few trading days, the only way to transact Sigachi! Concluded on November 1 to November 3 has opened its IPO price of Rs,... Download the Economic times Newspaper, the digital way 603.75 against an issue price of.!

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