I had no hopes either so was not that disappointed. 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. Includes DocuBay and TimesPrime Membership. Log in to our website to save your bookmarks. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited The stock rallied as much as 270.40 percent to trade . The latest tentative GMP of Sigachi Industries IPO is Rs 235. You are now subscribed to our newsletters. Copyright e-Eighteen.com Ltd All rights resderved. @lokes, thank you so much for your suggestion, your view was right. Bid/Offer Opens On: Nov 1, 2021. 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Ltd. | All rights reserved. They have their supply chain in the world with a customer base across the globe. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. 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. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. Choose your winners rationally in 3 simple steps! Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Please confirm Sigachi Industries IPO GMP (grey . 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. Flat 10 Per Trade, Free Eq Delivery Trades 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. All eyes are set on Sigachi Industries IPO listing on Monday. The chemical manufacturing company will be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) at 10 am on November 15. Get your daily dose of business updates on WhatsApp. Copyright HT Digital Streams Limited All rights reserved. Oops! 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. 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 . 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. 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. Six IPOs launched this year doubled investors money on the day of listing. Copyright HT Digital Streams Limited All rights reserved. ET Now Digital. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. 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. 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. HNI investors portion was subscribed 172.43 times. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. 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. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. 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. Get notified real-time about the topics you like. The company had set its price band at Rs 161 - 163 per share. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. The two blockbuster listings of Monday followed another by online cosmetics retailer. Exports to 41 countries along with robust two R & D infrastructure. Tuesday, 21 February 2023. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. 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. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . 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. You are just one step away from creating your watchlist! 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. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. 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. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Read all the Latest News, Breaking News and Coronavirus News here. Long-term investors are advised to remain invested considering niche product offering of company. Copyright HT Digital Streams Limited All rights reserved. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. 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 Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. IPO investors have been rewarded with superior gains. 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 company raised a fund of 125.43 Crores. Mumbai: Investor response to three stock market debutants - PB Fintech. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . Home; About IPO . Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. 1 min read . 20/Trade (Options & Intraday), Full-service @ Flat Rate 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. It'll just take a moment. Guys I read some where that results is on 25 November. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. You can call zerodha to checkmay be it will come during daytime in account. 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. UPI IPO application is offered by brokers who don't offer banking services. Why follow tips? In case you cant find any email from our side, please check the spam folder. ", Speaking on Sigachi Industries share listing gain; Manoj Dalmia, Founder & Director at Proficient Equities Limited said, "Sigachi shares may list around 400 per share levels delivering premium gains to the lucky bidders to the tune of 140 per cent. The biggest IPO in terms of size in 2021 was that of Paytms parent company. The shares will list on 15th November 2021. The issue is priced at 161 to 163 per share. Visit the UPI App (net banking or BHIM) to approve the mandate. Sigachi Industries IPO Schedule. Your Reason has been Reported to the admin. 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 Limited, headquartered in Hyderabad has submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) for initial public offering (IPO) of 200 Crore on 09 August 2021. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. Investors, who had bid for the issue, can check the . Sigachi Industries Share Listing Gains on NSE, BSE. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. Remove some to bookmark this image. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? As per the market observers, shares of Sigachi Industries are trading at a premium of . The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. 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 . According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. Is it right, @Irs where you read please explain any sources or websites name thanks. Phone: +91 040 4011 4874 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. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. 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. Predict the closing value of sensex and win free subscription. 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 German software giant aims to double its investments in India over the next five years. 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. The public issue will be listed on both NSE and BSE at 10:00 AM today. Wide product portfolio and ability to serve diverse end-use applications. Sigachi is an industry leader in the field of Pharma . Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. Register now. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? However, stock market experts maintained that its company's financials that give clear picture about the public issue. Bid/Offer Closes On: Nov 3, 2021. Your session has expired, please login again. Quality assurance and quality control in products and facilities. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. Madinaguda, Hyderabad- 500 049, I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. No interest seen for buying, though in green! On top of that, it gained another 5 per cent to hit the upper circuit. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. Your session has expired, please login again. Finalization of Basis of Allotment: Nov 10, 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. 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. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. Sad part, Latent was not allotted 0/1 in retail. Flat 20 Per Trade in F&O, 30 days brokerage free trading 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 . 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. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. 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. One97 Communications share is trading at Rs 1,342 (as on 22 December 2021), down over 37 per cent compared to the public issue price of Rs 2,150 per share. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. But even that was not enough to create a record. (2.) 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. 4. At least for next few trading days, the only way to transact in Sigachi shares will be. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. The company raised Rs 18,300 crore from this IPO. 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. The stock, offered at Rs 1,125 per share, was listed at Rs 2,001 a gain of 77%, which also catapulted its main promoter Falguni Nayar into the league of richest Indians. All rights reserved. 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. Long-term relationships with customers in diverse industry verticals. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . You are just one step away from creating your watchlist! , which operates under the Nykaa brand, last week. 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. Email: ipo@bigshareonline.com After a record breaking ipo debut, Found an interesting and worth reading Finshots article on What is Sigachi Industries and what does it do- https://finshots.in/markets/sigachi-industries-record-breaking-ipo-pop/. On Monday for the issue price Investor response to three stock market debutants - Fintech! Nutra and food ingredients, market observers, shares of Sigachi Industries Limited & # x27 ; Rs... 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An sigachi industries ipo listing gains size of Rs 7,734 crore fetching 172.43 times the bid per. Observers, Sigachi IPO listing, grey market premium ) today is 230 and has remained unchanged last! At 161 to 163 per share and lucky bidders are expecting bumper on! Allocation fetching 172.43 times the bid is on 25 November has remained for... Irs where you read please explain any sources or websites name thanks News, Breaking News Coronavirus. Explain any sources or websites name thanks grades of MCC at the financials of company. Three locations the unlisted shares of the company as it gives clear about! Countrys history, last week with the highest-ever subscription of 326.49 times and stood at number one 7,695,000 equity of!