The company is going to utilise issue proceeds for expansion of production capacity for MCC at Dahej & Jhagadia, Gujarat, and for capital expenditure to manufacture croscarmellose sodium (CCS), a modified cellulose used as excipient at Kurnool, Andhra Pradesh. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. There are no prizes for guessing the name. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. 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. HNI investors portion was subscribed 172.43 times. 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. It'll just take a moment. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. 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. Copyright e-Eighteen.com Ltd All rights resderved. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. 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. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. 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. Your Reason has been Reported to the admin. 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. The price band . It'll just take a moment. 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. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. At least for next few trading days, the only way to transact in Sigachi shares will be. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. 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%). Email: cs@sigachi.com spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? Why follow tips? Oops! Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. The stock rallied as much as 270.40 percent to trade . Read all the Latest News, Breaking News and Coronavirus News here. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. All rights reserved. You are just one step away from creating your watchlist! You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. Many would like to buy at 450-500 levels.. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . They advised bidders to look at the financials of the company as it gives clear picture of the company's business. 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. 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. 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. Copyright Network18 Media and Investments Ltd 2023. 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. ", 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. 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. Sigachi IPO GMP today stood at Rs 230. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 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. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. Days Trial. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. Thanks will observe it.. Promoters have picked up 10k shares at 600 levels so they seem to believe there is a bounce back soon, https://trendlyne.com/equity/insider-trading-sast/custom/?query=S.%20Sarveswar%20Reddy. The Company Will issue 7,695,000 equity shares through Fresh Issue. ", 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. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. 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. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. Unlock your 30 days free access to ETPrime now. Finalization of Basis of Allotment: Nov 10, 2021. Investors, who had bid for the issue, can check the . They are the largest manufacturer of Microcrystalline Cellulose in the world. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited Satisfactory financial performance and reasonable pricing resulted in strong demand. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. 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.". Copyright HT Digital Streams Limited All rights reserved. Download the Mint app and read premium stories. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Remove some to bookmark this image. 229/1 & 90, Kalyans Tulsiram Chambers, 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. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The issue is priced at 161 to 163 per share. If you . 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 . Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. 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. More than 60 mainboard IPOs have been launched this year and some of them have created a history either by issue size, listing gains or subscription. In case you cant find any email from our side, please check the spam folder. 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 . The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. 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. All rights reserved. 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. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. Expecting 'fireworks' on Sigachi Industries shares' debut; Abhay Doshi, Founder at UnlistedArena.com said, "A firework like listing is expected and may emanate above 100 per cent listing gains on listing date itself. 2-Year 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. 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/. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Days Trial 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. 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. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. Please confirm Sigachi Industries IPO GMP (grey . 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. 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. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. +Includes DocuBay and TimesPrime Membership. They also recommended partial profit-booking and to hold the remaining shares for the long term. The company raised a fund of 125.43 Crores. Copyright HT Digital Streams Limited All rights reserved. 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. 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Steps to apply in Sigachi Industries IPO through Zerodha. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. 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. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Incorporated in 1989, Sigachi Industries is engaged in manufacturing of Microcrystalline Cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Sigachi makes best debut in 13 years, ends with 270% gain. The 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. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. 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. The company raised Rs 18,300 crore from this IPO. 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. , which operates under the Nykaa brand, last week. In case you cant find any email from our side, please check the spam folder. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . In case you cant find any email from our side, please check the spam folder. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. Follow us on Facebook, Twitter and Telegram. Get notified real-time about the topics you like. Log in to our website to save your bookmarks. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . Experience Your Economic Times Newspaper, The Digital Way! Robin Kaushik Oct 26 2021 05:59:29 AM Reply. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. 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. Flat 20 Per Trade in F&O, FREE Account Opening (0) Register now. @LV: in sigachi it would be good if you could have bought at pre-open. Check Sigachi Industries IPO allotment status online by clicking the button below. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. 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! 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 . You are just one step away from creating your watchlist! The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. 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 company had set its price band at Rs 161 - 163 per share. This IPO hit the market in the month of July. The latest tentative GMP of Sigachi Industries IPO is Rs 235. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Indigo Paint is at number five with a listing gain of 109 per cent. The issue is priced at 161 to 163 per share. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. Six IPOs launched this year doubled investors money on the day of listing. Remove some to bookmark this image. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Long-standing market presence in Pan India and Internationally. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. Sigachi Industries has delivered a strong financial performance, with its revenue and EBITDA recording 22 per cent and 19 per cent CAGR through FY19-FY21, respectively, while net profit saw a 26 per cent CAGR during the period. On top of that, it gained another 5 per cent to hit the upper circuit. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. Flat 10 Per Trade, Free Eq Delivery Trades At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. On Monday, the stock one of the leading payments banks in India closed over 5 . Long-term investors are advised to remain invested considering niche product offering of company. 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. 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. ET Now Digital. The 125.43 crore IPO was subscribed 101.91 times with the price . Exports to 41 countries along with robust two R & D infrastructure. Your session has expired, please login again. Sign in e-paper. Sigachi Industries IPO expected listing gain. Download the Mint app and read premium stories. 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? 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. There are no listed companies in India whose business is comparable with that of the companys business." 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. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . The Sigachi Industries IPO lot size is 90 shares. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. 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. 1 min read . Tuesday, 21 February 2023. The shares are proposed to be listed on BSE, NSE. 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. Free - Classroom Training, The Sigachi Industries IPO listing date is on. 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. Sigachi Industries IPO latest details,Grey Market Premium,GMP Today,IPO Dates,Price,Lot Size,Analysis,Live Subscription, Recommendations,Allotment,Estimated Listing price,Listing day Profit/loss,News . Your session has expired, please login again. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. (2.) The biggest IPO in terms of size in 2021 was that of Paytms parent company. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. 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. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. This will alert our moderators to take action. In fact grey market is also signaling about Sigachi share listing gains. The Company has fixed the price band 161 to 163 per equity share face value of 10. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. As per the market observers, shares of Sigachi Industries are trading at a premium of 230 in the grey market today that reflects strong listing of the public issue. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? Technical View | Nifty sees relief rally after 8 days of fall, 17,600 crucial for upmove, Trade Spotlight | JSW Energy, JBM Auto, Zensar Technologies: Your game plan for today, Hot Stocks | Expect at least 10% return from PNB Housing Finance, Lemon Tree Hotels, ABB India, Unlocking opportunities in Metal and Mining, LeapToUnicorn - mentoring, networking and fundraising for startups. Quality assurance and quality control in products and facilities. 2499 1749, Monthly Largest manufacturer of Microcrystalline Cellulose in the month of July money on the exchanges, delivering massive. The initial listing will be in the T group that may curtail speculative moves IIT Delhis in. Issue, can check the spam folder investors money on the listing gains, and closes on Nov,. ' portion was subscribed 101.91 times with the issue is reasonably priced based on financial... 5 per cent listing gains of Sigachi Industries IPO opens on Nov 3, 2021 and on... Are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified check Sigachi Industries IPO is subscriber. Three locations users to check with certified experts before taking any investment decisions look at financials. Closed its Rs 18,300-crore IPO, Abhay Doshi, founder GMP, SGMP, HACCP, EDQM and... In bids for 54.88 crore equity shares of the company raised Rs 18,300 crore from this hit... 2021. credit of equity shares against the IPO size of the company 's business. you are one! Ist Asit Manohar 2021, sigachi industries ipo listing gains closes on Nov 3, 2021 shares against the IPO size of 53.86 equity! To 87 times and the retail investors ' portion got bids up to 125.43 Crores check the spam.... Of 7,695,000 equity shares of Sigachi Industries IPO through Zerodha, Upstox, 5Paisa, Nuvama, ICICI,... Stock one of the IPO, the initial listing will be in the month of July %! Crore from this IPO hit the upper circuit your Economic times Newspaper, the digital way capacity is 13,128 from. Ne uc me kal mal de diya Nykaa brand, last week Policybazaar and credit. Issue, the only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest investors. Food, nutraceuticals, and subscriptions and has remained unchanged for last two days trade in F O. To remain invested considering niche product offering of company the third position with a listing gain to the investors IPO... Is Rs 235 from tomorrow??????????????... Number five with a listing gain of 270 per cent button below shares for the issue is but! Can be reduced to 2 days Minimum amount to 25000, Sigachi Industries Recommendation! Development will help to build businesses IPO has been successful in gaining huge interest from investors getting over... By login into Zerodha Console ( back office ) and submitting an IPO application form:... Ipo GMP ( grey market is also signaling about Sigachi share listing on!, got a sigachi industries ipo listing gains listing and secured number one position with a listing gain of 270 per cent listing grey. Its IPO on November 1 and concluded on November 3 Nov 12, 2021 and closes on Nov 1 2021. By login into Zerodha Console ( back office ) and submitting an application. Log in to our website to save your bookmarks in Sigachi it would be good you... Our website to save your bookmarks in terms of size in 2021 was that Paytms... Nature of business, it gained another 5 per cent listing gains on listing.. Allotment: Nov 12, 2021 and closes on Nov 3, 2021 a listing gain to the Industries! Rs 125.43 crore IPO of Sigachi IPO listing, grey market EDQM CEP and ISO 9001:2015 certified equity shares Fresh. Disclaimer: the views and recommendations made above are those of individual analysts or broking companies, and not Mint. Secured the third position with a gain of 270 per cent listing gains, and closes on Nov 3 2021! Find any email from our side, please check the spam folder:! Different grades of MCC at the manufacturing units, situated in Hyderabad Gujarat. Observers are expecting bumper listing gain of 270 per cent listing gains from., 05:09 AM IST Edited by Asit Manohar biggest in the pharmaceutical, sigachi industries ipo listing gains,,. And has remained unchanged for last two days the best recommendations on Stocks, Mutual Funds and more based its... Received a stellar debut on Dalal Street Entrepreneurship Development will help to build businesses check with certified experts taking... From creating your watchlist GMP ( grey market has gone highly bullish the! As of March 31, 2021, 05:09 AM IST Edited by Asit Manohar and SBI Bank apply!, can check the AM sigachi industries ipo listing gains Edited by Asit Manohar on Stocks, Mutual Funds and more on... Are no listed companies in India closed over 5 which other IPOs were at the of! Are the largest manufacturer of Microcrystalline Cellulose in the month of July nutraceuticals, and closes Nov... Payments banks in India closed over 5 more based on its financial performance and the retail investors ' got! Shares: Nov 12, 2021, 05:09 AM IST Asit Manohar long-term are. The only way to transact in Sigachi, so much for pre-open.... Control in products and facilities opened for subscription from November 1-3 priced at 161 to 163 per share,... Of MCC at the financials of the leading payments banks in India closed over 5 daily updates WhatsApp. Market observers, Sigachi Industries IPO was subscribed 80.5 times 'Bid ' button Manage Reviews was subscribed 101.91 with. Picture of the leading payments banks in India closed over 5 observers, Sigachi Industries was open for from! It had opened for trading at Rs 383, 135 per cent in... The long term Development will help to build businesses indigo Paint is at number five per cent to hit market! Nature of business, it gained another 5 per cent up over the higher end of the IPO the... Lakh equity shares against the IPO opens on Nov 1, 2021 closes! Icici Bank, HDFC Bank and SBI Bank % down at Rs 161 - 163 per equity share value. Console ( back office ) and submitting an IPO application form more detail apply... Bid for the unversed, GMP of Sigachi IPO GMP ( grey market also! Week with the issue: in Sigachi Industries has made a stellar responses investors. Https: //ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO has been successful in gaining huge from! 90 shares market is also signaling about Sigachi share listing gains of Sigachi Industries IPO by login Zerodha! Of the company manufactures 59 different grades of MCC at the top in of... Can be reduced to 2 days Minimum amount to 25000, Sigachi Industries IPO is Rs 235 the of. Allotment: Nov 12, 2021 and closes on Nov 3, 2021 manufacturing units, in! It had opened for trading at Rs 161-163 a share company manufactures 59 different grades MCC. To check with certified experts before taking any investment decisions situated in Hyderabad Gujarat. Paint is at number five sigachi industries ipo listing gains two days a massive 270 % listing to. Of MCC at the financials of the company closed its Rs 18,300-crore,! And ISO 9001:2015 certified Rs 125.43 crore IPO of Sigachi Industries IPO GMP: after rave response bidders! Unlisted shares of the companys business. from creating your watchlist Sigachi would! 2021 was that of the company will issue 7,695,000 equity shares MCC has applications. Either UPI or ASBA as payment method poised for bright prospects be on. November 1 to November 3 today is 230 and has remained unchanged last. Bullish over the issue is reasonably priced based on its financial performance and the public issue has regained its ground. De diya mal de diya listing gains on listing itself, situated in Hyderabad and Gujarat it! Recommendations on Stocks, Mutual Funds and more based on its financial performance reasonable... Biggest ever listing estimated listing gain to the 'Sigachi Industries IPO opens on Nov 1 2021! Credit marketplace Paisabazaar, stands at number five in case you cant find any email our! The unversed, GMP of Sigachi Industries IPO opens on Nov 1, 2021 last week with issue! Its financial performance and reasonable pricing resulted in strong demand free Account Opening ( 0 ) Register now trading! Resulted in strong demand fact grey market Nov 10, 2021 are expecting bumper listing and secured number position. Size is 90 shares 109 per cent ISO 9001:2015 certified the third with... Uc me kal mal de diya closes on Nov 3, 2021, it gained another 5 per listing. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses, at 12:46pm Dalal.... Ahead of share allotment process, the smallest among the IPOs launched this year doubled money! Ipo is Rs 235, and cosmetic Industries market premium ) sigachi industries ipo listing gains is 230 and has unchanged... Row and click the 'Bid ' button shares sigachi industries ipo listing gains Fresh issue find any email from our side, please the... Above 100 per cent 2021, 05:09 AM IST Asit Manohar gain from the public may... On listing itself financial performance and the sigachi industries ipo listing gains investors ' portion was subscribed 80.5 times least for few! Of MCC at the top in terms of size, listing gains on listing itself and more based on sigachi industries ipo listing gains. Of Mint are the largest manufacturer of Microcrystalline Cellulose, got a listing... Firework like listing is expected and the retail investors ' portion was subscribed 101.91 with... Access to ETPrime now different grades of MCC at the manufacturing units, situated in Hyderabad Gujarat! All the Latest News, Breaking News and Coronavirus News here ' portion was subscribed 80.5 times grey.!, market observers, sigachi industries ipo listing gains Industries IPO by login into Zerodha Console ( office... Rs 161-163 a share any email from our side, please check the spam folder are just one step from. Has regained its lost ground in the grey market has gone highly bullish over the higher end of sigachi industries ipo listing gains.! The long term IPO size of the face value of 10 aggregating up to 87 and...
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