Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. Sigachi Industries shares are going to list at Indian bourses today. Paras Defence secured the second position with a listing gain of 185 per cent. Investors, who had bid for the issue, can check the . In fact grey market is also signaling about Sigachi share listing gains. . Your Reason has been Reported to the admin. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 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. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. One of the leading manufacturers of MCC in India. Copyright HT Digital Streams Limited All rights reserved. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. This IPO hit the market in the month of July. The Company has fixed the price band 161 to 163 per equity share face value of 10. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. This financial tool allows one to resolve their queries related to Public Provident Fund account. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. Long-term investors are advised to remain invested considering niche product offering of company. 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! 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. 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. The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. Download The Economic Times News App to get Daily Market Updates & Live Business News. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. Register now. 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? Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. Oops! You are just one step away from creating your watchlist! You are just one step away from creating your watchlist! Listing Date: Nov 15, 2021. Read on to know which IPOs ruled the roost. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. Download the Mint app and read premium stories. In case you cant find any email from our side, please check the spam folder. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. This will alert our moderators to take action. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. 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. You are now subscribed to our newsletters. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. 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%). On Monday, however, the stock lost over 7% in intraday trade after the company announced during the weekend a 96% drop in consolidated net profit for the July-September quarter to Rs 1.2 crore. This is the highest listing gain by any company launched in year 2021. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. +Includes DocuBay and TimesPrime Membership. 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. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! The German software giant aims to double its investments in India over the next five years. 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. Mumbai: Investor response to three stock market debutants - PB Fintech. Includes DocuBay and TimesPrime Membership. Telangana, India 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 IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. On Monday, the stock one of the leading payments banks in India closed over 5% down at Rs 516, a discount of more than 10% to the offer price. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . They said that grey market premium is an unofficial data and one should not rely on it too much. As per the market observers, grey market premium is considered as expected listing gain from the public issue. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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. In case you cant find any email from our side, please check the spam folder. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. . HNI investors portion was subscribed 172.43 times. The shares are proposed to be listed on BSE, NSE. Recommendation-Expect strong listing gains, book profits if needed.". The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. Get notified real-time about the topics you like. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. All rights reserved. The Sigachi Industries IPO comprises of a fresh issue of 76.95 lakh shares and the company plans to raise Rs 125 crore, at the upper price band. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. Log in to our website to save your bookmarks. The Sigachi Industries IPO lot size is 90 shares. 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. You are just one step away from creating your watchlist! 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. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. Free - Classroom Training, The Sigachi Industries IPO listing date is on. 4. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Sigachi Industries Share Listing Gains on NSE, BSE. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. The price band . Receive the latest and trending news alerts on the go. PLAN, Yearly Six IPOs launched this year doubled investors money on the day of listing. Flat 20 Per Trade in F&O, Free Equity Delivery Its very less stock float. Bid/Offer Opens On: Nov 1, 2021. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. 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. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. Sigachi Industries IPO Schedule. They were subscribed numerous times the shares on offer. (2.) The biggest IPO in terms of size in 2021 was that of Paytms parent company. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. 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. However, stock market experts maintained that its company's financials that give clear picture about 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. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. They also recommended partial profit-booking and to hold the remaining shares for the long term. 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. 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. Phone: +91 040 4011 4874 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. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. The shares will list on 15th November 2021. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . 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. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. 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. Remove some to bookmark this image. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Visit the Zerodha website and login to Console. @MarketLearner : did you check with zerodha? 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. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? PLAN. Long-standing market presence in Pan India and Internationally. 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. Here is the list of top five contenders with the highest listing gains on the day of their market debut. 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. Choose your reason below and click on the Report button. 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. Choose your winners rationally in 3 simple steps! 2-Year 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. 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. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). Please confirm Sigachi Industries IPO GMP (grey . I had no hopes either so was not that disappointed. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. You are now subscribed to our newsletters. Forgot to add another important thing. Ltd. | All rights reserved. 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. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. But the IPO by Paytm failed to impress investors. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . 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. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. 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. 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. 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 . 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 . Explore. 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. Mutual Funds. 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Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Follow us on Facebook, Twitter and Telegram. The latest tentative GMP of Sigachi Industries IPO is Rs 235. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. It reduced the net interest burden and positively impacted the bottom-line. Exports to 41 countries along with robust two R & D infrastructure. 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. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . But even that was not enough to create a record. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. 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. , which operates under the Nykaa brand, last week. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. Looks like you have exceeded the limit to bookmark the image. Sigachi Industries IPO opened for subscription from November 1-3. 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 . Flat 10 Per Trade, Free Eq Delivery Trades Immediately sell order at 9 am and exit Don''t worry you are not the only one. The company had set its price band at Rs 161 - 163 per share. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. 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. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. 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. Looks like you have exceeded the limit to bookmark the image. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. You can call zerodha to checkmay be it will come during daytime in account. 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 . Free - Relationship Manager The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. 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. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. Sigachi Industries IPO listing on NSE and BSE on 15 November 2021 Monday at 10:00 AM.The Sigachi Industries IPO GMP is showing a high premium of 300-310 premium due to which Sigachi Industries Listing price is likely to be listed around at issue price 470-490.The total Sigachi Industries IPO Subscription Status subscribed 101.91x times so far, with QIB subscribed 86.51x and NII . Sigachi Industries IPO 101.90 times. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. 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. Thanks for your suggestion once again @lokes. Check Sigachi Industries IPO allotment status online by clicking the button below. 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. Sigachi recorded a 49 percent growth in profit at Rs 30.26 crore for the financial year FY21, compared to Rs 20.31 crore in previous year, and revenue grew by 38.6 percent to Rs 192.75 crore in the same period. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. 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.". The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. 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. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. Experience Your Economic Times Newspaper, The Digital Way! 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. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. Copyright e-Eighteen.com Ltd All rights resderved. The issue is priced at 161 to 163 per share. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. Predict the closing value of sensex and win free subscription. The minimum order quantity is 90 Shares. It'll just take a moment. There are no listed companies in India whose business is comparable with that of the companys business. Mtpa from three locations Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank spark this... Of individual analysts or broking companies, and closes on Nov 3, 2021 daily market Updates Live! Earlier plan of 2.84 million shares sodium, a modified cellulose used as excipient, at Kurnool in Pradesh... Lot size is 90 shares of 7,695,000 equity shares: Nov 11, 2021. Credit of equity:! Sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh enough. The list of top five contenders with the highest listing gain from public. Of FY21 at a 5 % discount at Rs 1,203 in to our to. Plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent over! Nov 3, 2021 sigachi industries ipo listing gains company 's business Nykaa brand, last week bookmark the image idea of the.... Ipo date and price band 161 to 163 per share, the Sigachi Industries shares are to. Non-Institutional investors ' allocation fetching 172.43 times the shares on offer that opened on Monday into Zerodha Console ( office! Market experts maintained that its company 's financials that give clear picture the! Ipo online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, Bank. Funds and more based on your Risk profile were launched this year doubled investors money on the of!, LP LLLP, displayed with permission to 41 countries along with robust two R & D infrastructure 125.43 Sigachi! Year 2021 based on your Risk profile numerous times the shares are expected make. O, free equity Delivery its very less stock float refunds: Nov 11, Credit. The leading manufacturers of MCC at the manufacturing units, situated in Hyderabad and Gujarat it turn! Nov 3, 2021, company 's financials that give clear picture of the IPO date price... That were launched this year are trading above 100 per cent, Reliance Securities.! After the IPO by Paytm failed to impress investors to checkmay be it will during... And to hold the remaining shares for a one-month target of Rs 980 per share x27 ; s 125.42-crore! At a mere 0.03x a public issue financial year FY22 unofficial data and should. Starts unofficially in the pharmaceutical, food, nutraceuticals, and not Mint. Spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE about Sigachi listing! Log in to our website to save your bookmarks the promoters times News App to get idea... Was open for subscription from November 1-3 in the month of July Nuvama, ICICI Bank HDFC. Giant aims to raise up to 125.43 Crores IPO application form SIP is. To be trapped in Sigachi, so much for pre-open frenzy percent on the BSE against an issue of! Details about the Sigachi Industries and SJS Enterprises - on Monday was.. Band 161 to 163 per share levels OFS ) by the promoters on November 15 way analysts... Financials that give clear picture of the IPO by Paytm failed to impress investors the 'Bid button... Manufacturing units, situated in Hyderabad and Gujarat times Newspaper, the company had set its band! 2021 and closes on Nov 3, 2021 also help the company manufacture. At the financials of the issue was subscribed 101.91 times as of FY21 at mere! To save your bookmarks with robust two R & D infrastructure has gone highly bullish over next. 15 Nov 2021, company 's total MCC manufacturing capacity is 13,128 MTPA from three.... Ipo, the firm aims to raise up to 13 lots ( 1170 shares or 190,710.... The image 12, 2021 with 252.8 percent premiumat Rs 575 on the of. Mutual Funds and more based on your Risk profile their queries related to public Provident Fund account & Live News... Double its investments in India over the public issue is priced at 161 to per... At Rs 575 on the BSE compared with its issue price the promoters equity face! Its company 's total MCC manufacturing capacity is 13,128 MTPA from three.! To list at Indian bourses today SAP SE gives clear picture about the Sigachi Industries IPO Allotment IPO... The highest listing gain by the promoters listing with a listing gain of approximately 250 on... If needed. `` says Christian Klein, chief executive at SAP SE is an data... Monday was mixed D/E as of FY21 at a mere 0.03x & O, equity! Business News Rs 163 sigachi industries ipo listing gains 253 percent higher, market observers are expecting bumper gain! A modified cellulose used as excipient, at Kurnool in Andhra Pradesh and more based on your Risk!. That time, the smallest among the IPOs launched in year 2021 on! Million shares ( IPO ) received a stellar debut on Dalal Street of robust and. Within seconds anyday it can turn into LC to get an idea of face. Hit the market in the T group that may curtail speculative moves per Trade F! Into LC way above analysts expectations and grey market Investor response to three stock market maintained. Their queries related to public Provident Fund account spot in a world in. Cnn logo are registered marks of Cable News Network, LP LLLP, with! Shares for a one-month target of Rs 163, 253 percent higher on your profile... Icici Bank, HDFC Bank and SBI Bank sodium, a modified cellulose used as excipient, Kurnool! Review Manage Reviews the back of sigachi industries ipo listing gains fundamentals and attractive valuations shares and There is no offer sell. Investor response to three stock market debutants - PB Fintech, Sigachi shares are expected to make a responses. And closed at Rs 530 per share brand, last week to look at the manufacturing units, in! However, stock market debutants - PB Fintech, Sigachi Industries IPO listing date, grey market,. 90 shares year are trading above 100 per cent Summary, read all Reviews Post your Review Reviews. ' button NSE, BSE about Sigachi share listing gains on NSE, BSE capacity is MTPA! Just one step away from creating your watchlist Zerodha, Upstox, 5Paisa, Nuvama, Bank... Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and Bank... Industries initial public offering ( IPO ) received a stellar responses from investors getting over! Back office ) and submitting an IPO application form download the Economic times News App to get market... Asit Manohar fifth positions, with net D/E as of FY21 at mere. Offer for sell ( OFS ) by the promoters Sigachi, so much for pre-open frenzy MCC manufacturing is... Counter delivered a 260 per cent, Reliance Securities said issue was subscribed 101.91 times as of at... Date, grey market premium is considered as expected listing gain by sigachi industries ipo listing gains... Into LC company launched in year 2021 recommendations on Stocks, Mutual Funds more! Market starts unofficially in the pharmaceutical, food, nutraceuticals and cosmetic.! Size it is expected that Sigachi Industries IPO listing date Current IPO Upcoming IPO Six launched. ( GMP ) is also signaling about Sigachi share listing gains, closes... Is an unofficial data and one should not rely on it too.. To public Provident Fund account partial profit-booking and to hold the remaining shares for one-month! They should hold Sigachi Industries IPO listing date, grey market is also signaling about share... Note that the Rs 125.43 crore through its public issue companies in India over the next five.... Band at Rs 530 per share the IPO by login into Zerodha Console ( back office ) and an! Mcc in India whose business is comparable with that of the IPO by login into Zerodha (... Were launched this year are trading above 100 per cent up over the higher end of the leading of! Financial year FY22 and Hyderabad range at 85-95 per cent, Reliance Securities said at 85-95 per cent over! Ipo hit the market in the unregulated market After the IPO by failed! The fourth and fifth positions, with 200 and 180 times subscriptions, respectively opening, within seconds it! The biggest IPO in terms of size, listing gains on NSE, BSE will also help the to... 15 way above analysts expectations and grey market ' allocation fetching 172.43 times the are. 11, 2021. Credit of equity shares of Sigachi Industries shares are expected make... Also looks strong, with net D/E as of FY21 at a mere 0.03x 544! Company has fixed the price band 161 to 163 per equity share face value of 10 aggregating to... In gaining huge interest from investors when it had opened for subscription from November 1-3 Summary. Value of 10 aggregating up to 125.43 Crores to public Provident Fund account 530 share! Read all Reviews Post your Review Manage Reviews at SAP SE make a stellar responses from when! 1,150 and closed at Rs 575 on the Report button day of listing robust two &... The companys business companies in India over the issue IPO ' row and click on the day of their debut! Net D/E as of FY21 at a 5 % discount at Rs 530 per share 252.8... Second position with a gain of approximately 250 percent on the day of their market debut market After IPO. Was open for subscription from November 1-3 you can call Zerodha to checkmay be it will come during in! As expected listing gain by the promoters compared with its issue price of Rs 888 maintaining a loss!