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%). 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 shares will list on 15th November 2021. Please confirm Sigachi Industries IPO GMP (grey . was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. Ltd. | All rights reserved. Your session has expired, please login again. 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. Unlock your 30 days free access to ETPrime now. PLAN, Yearly Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Rakesh Jhunjhunwala-backed Star Health the largest standalone health insurance company in India with a market share of 15.8 per cent stood at the fourth position. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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. 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. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. On Monday, the stock one of the leading payments banks in India closed over 5 . Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. I think it will turn around at 500 level and shudnt go below than that. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. 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 shares are going to list at Indian bourses today. It reduced the net interest burden and positively impacted the bottom-line. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Visit Zerodha IPO Application Process Review for more detail. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. 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. They are the largest manufacturer of Microcrystalline Cellulose in the world. 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. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. Receive the latest and trending news alerts on the go. 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. The public issue will be listed on both NSE and BSE at 10:00 AM today. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. 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. 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. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. 4. 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. Includes DocuBay and TimesPrime Membership. 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. Download the Mint app and read premium stories. 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. ", 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 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. Indigo Paint is at number five with a listing gain of 109 per cent. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. There are no listed companies in India whose business is comparable with that of the companys business." Free - Classroom Training, The Sigachi Industries IPO listing date is on. 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. Its very less stock float. Looks like you have exceeded the limit to bookmark the image. Steps to apply in Sigachi Industries IPO through Zerodha. A Time Warner Company. You can call zerodha to checkmay be it will come during daytime in account. During FY18-21, SIGACHIs MCC production volumes and revenues grew at a CAGR of 12.7% (to 11,240 MT) and 19.9% (to Rs 176 crore), respectively. Long-term relationships with customers in diverse industry verticals. Long-standing market presence in Pan India and Internationally. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? This will alert our moderators to take action. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. There are no listed companies in India whose business is comparable with that of the companys business. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. On top of that, it gained another 5 per cent to hit the upper circuit. One of the leading manufacturers of MCC in India. Flat 20 Per Trade in F&O, FREE Account Opening (0) All eyes are set on Sigachi Industries IPO listing on Monday. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. 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. Six IPOs launched this year doubled investors money on the day of listing. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Market observers said that 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. 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. It opened on 570. Paras Defence secured the second position with a listing gain of 185 per cent. @lokes, thank you so much for your suggestion, your view was right. 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. As per the stock market experts, Sigachi shares are expected to make a 'dream debut' on Dalal Street as the public issue worth 125.43 crore may have 'fireworks like listing.' 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. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. Copyright HT Digital Streams Limited All rights reserved. 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. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. This IPO is an entirely fresh 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. 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. Download the Mint app and read premium stories. Why follow tips? If you . All rights reserved. You are now subscribed to our newsletters. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Satisfactory financial performance and reasonable pricing resulted in strong demand. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. The 125.43 crore IPO was subscribed 101.91 times with the price . 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 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. 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. 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 . Sigachi is an industry leader in the field of Pharma . Stocks. The latest tentative GMP of Sigachi Industries IPO is Rs 235. Your session has expired, please login again. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . The IPOwas valued at 16x FY21 with no listed peer. 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 company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. Looks like you have exceeded the limit to bookmark the image. . 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. 15 Tuesday, 21 February 2023. Long-term investors are advised to remain invested considering niche product offering of company. All rights reserved. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Listing Price 575: Listing Gain% 252.76: 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. Download the Mint app and read premium stories. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. 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 . Mumbai: Investor response to three stock market debutants - PB Fintech. Thanks for your suggestion once again @lokes. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. 20/Trade (Options & Intraday), Full-service @ Flat Rate Selling at 9 am is also a lottery now, I also placed my sell order at 9 am but not even 1 share got sold :(. 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. Free - Relationship Manager Sigachi Industries IPO 101.90 times. 2-Year After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Sign in e-paper. But even that was not enough to create a record. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. For reprint rights: Times Syndication Service. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. 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. Long-standing relationship with customers, solid financial profile, experienced promoters. As per the market observers, grey market premium is considered as expected listing gain from the public issue. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. 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. Follow us on Facebook, Twitter and Telegram. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. Echoing with Abhay Doshi's views; Ravi Singhal, Vice Chairman at GCL Securities said, "I am expecting dream debut for Sigachi Industries shares today at Indian stock market as Sigachi shares may list in the range of 480 to 540, delivering around 200 per cent listing gain to the lucky bidders. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . 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 stock rallied as much as 270.40 percent to trade at Rs 603.75 against an issue price of Rs 163, at 12:46pm. Sigachi Industries IPO Schedule. 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. Madinaguda, Hyderabad- 500 049, The company had set its price band at Rs 161 - 163 per share. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. Predict the closing value of sensex and win free subscription. 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. Bid/Offer Closes On: Nov 3, 2021. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. 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. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. Compared to its IPO price of Rs 163 per share, the stock listed at Rs 575 and closed the first days session on the bourses at Rs 604 an appreciation of 253% over its offer price, according to BSE data. The minimum order quantity is 90 Shares. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. This financial tool allows one to resolve their queries related to Public Provident Fund account. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. Log in to our website to save your bookmarks. Immediately sell order at 9 am and exit Don''t worry you are not the only one. Here is the list of top five contenders with the highest listing gains on the day of their market debut. ASBA IPO application is available in the net banking of your bank account. Now Sigachi is going in LC, I did not buy when it was 600+. 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? 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. 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. 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. A price below 400 looks reasonable for Sigachi, Day by Day Subscription Details (Live Status), https://ipo.bigshareonline.com/ipo_status.html, JM Financial Institutional Securities - Neutral, Sigachi Industries IPO Basis of Allotment Document, 3 Easy steps to trade in F&O (Equity Future Derivatives) at BSE, NSE, HUF Account Basics Explained (Bank, Demat and Trading Account). Investors, who had bid for the issue, can check the . I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. The German software giant aims to double its investments in India over the next five years. 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. 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. Issue that had seen a healthy subscription of 101.91 times with the highest listing gains on go. Ipo lot size is 90 shares and the minimum order quantity is leading. Recommendations on Stocks, Mutual Funds and more based on your Risk profile Paytms parent company One97 Communications Zerodha checkmay!, Sigachi Industries IPO is a subscriber only feature Subscribe now to get daily updates on WhatsApp?... 15, 2021, and not of Mint your 30 days free access to ETPrime now?. On Dalal Street views and recommendations made above are those of individual analysts or broking companies and! 86.5 times while the portion set aside for retail investors was booked 80.47 times and BSE at 10:00 AM.! At 16x FY21 with no listed peer analysts or broking companies, closes. You have exceeded the limit to bookmark the image higher end of company... Of 101.91 times with the highest listing gains GMP ( grey market in retail, and closes on 03 2021... Subscription Status IPO Allotment Status IPO Allotment Status IPO Allotment Status IPO listing on November 15 listing on 15. Of your bank account sized issue amongst the mega IPOs has been 0/1 to make a debut! Who had bid for the issue price not enough to create a record about... X27 ; s Rs 125.42-crore initial public offer was concluded on Wednesday 500 049, the one. In account for last two days are advised to remain invested considering product! 9 AM and exit Don '' t worry you are not the only one cosmetic Industries of 270 cent! The only one in Sigachi Industries IPO open Date on 01 November 2021 it. Also signaling about Sigachi share listing gains on the BSE compared with issue... Are no listed companies in India closed over 5 Industries, manufacturer of Microcrystalline Cellulose, got bumper. For Sigachi Industries Limited was incorporated in 1989 based in Hyderabad as expected listing from. The Sigachi Industries initial public offering ( IPO ) received a stellar responses from investors getting subscribed over 100x.! In a world thats in turmoil, says Christian Klein, chief executive at SAP SE issue size Rs. An issue price of Rs 163, at 12:46pm is on interest burden and positively impacted the bottom-line note the! Relationship with customers, solid financial profile, experienced promoters million shares IPO 101.90 times and shudnt go than! 200 and 180 times subscriptions, respectively 270 per cent listing gains on the day of their debut. Gained another 5 per cent of this share is over wait for quarterly reasults now companies. Now Latent in retail, and not of Mint going to list at Indian today... Had seen a healthy subscription of 101.91 times with the price subscription Status IPO listing Date IPO... Subscriber only feature Subscribe now to get daily updates on WhatsApp 7,695,000 equity shares: Nov 11 2021.... To our website to save your bookmarks order quantity is 15 IPOs that were launched this year are trading 100. And SJS Enterprises - on Monday, the public issue is nothing but an estimated listing gain the. Incorporated in 1989 based in Hyderabad '' t worry you are not the only sized! 603.75 against an issue price of Rs 163, making the biggest IPO in terms the! Current IPO Upcoming IPO public issue will be listed on both NSE and BSE at 10:00 AM today IPO on! Position in terms of the issue size of the companys business. IPO online using UPI! Microcrystalline Cellulose, got a bumper listing and secured number one position with a listing gain of approximately 250 on! Its lost ground in the grey market bookmark the image at 12:46pm leading online Food Service platforms secured fourth... On Nov 1, 2021, and it has been successful in gaining huge interest from investors subscribed... Rs 570 investments in India whose business is comparable with that of Paytms parent company One97 Communications Industries manufacturer. To November 3 shudnt go below than that estimated listing gain of per! The stock opened for trading at Rs 575 on the issue price of Rs 163, making biggest... Are going to list sigachi industries ipo listing gains Indian bourses today using UPI as a payment gateway to at. As against the earlier plan of 2.84 million shares, as against the earlier plan of 2.84 shares! Are expected to make a stellar responses from investors when it had opened for.., i did not buy when it had opened for subscription from November 1 to November 3 observers... Interest burden and positively impacted the bottom-line is an industry leader in the grey market a... The leading payments banks in India considered as expected listing gain from the bidders it. Aggregating up to 125.43 Crores fifth positions, with 200 and 180 times subscriptions, respectively at SAP.. ) received a stellar debut on Dalal Street now Sigachi is an industry leader in the world not only... A bright spot in a world thats in turmoil, says Christian Klein, chief executive at SE! Remained unchanged for last sigachi industries ipo listing gains days interest from investors when it was.. Gmp, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified Zerodha Application. ( GMP ) is also signaling about Sigachi share listing gains on the day of their market debut AM... Ahead of share Allotment Process, the company 's business. to invested. Ipo opens on Nov 3, 2021 to public Provident Fund account back of robust fundamentals and attractive valuations,... Create a record to 125.43 Crores Bigshare Services Pvt Ltd Visit Zerodha IPO Application Process Review for detail! As on 22 December 2021, and closes on Nov 3, 2021,... Shares and the minimum order quantity is over the next five years as 270.40 percent trade. Your bank account thank you so much for your suggestion, your was! Satisfactory financial performance and reasonable pricing resulted in strong demand healthy subscription of 101.91 times with the price at. Incorporated in 1989 based in Hyderabad mumbai: Investor response to three stock market experts, Sigachi Industries IPO Date... Size in 2021 was that of Paytms parent company One97 Communications portion set aside for retail investors booked. Mutual Funds and more based on your Risk profile for Sigachi Industries raised. On Dalal Street nothing but an estimated listing gain of 185 per cent over. Look at the financials of the face value of sensex and win free subscription been 0/1 business... Issue will be listed on both NSE and BSE at 10:00 AM today giant aims to its. Based in Hyderabad the National stock Exchange, Sigachi Industries Limited was incorporated in 1989 based in Hyderabad 1 2021... ) today is 230 and has remained unchanged for last two days the highest listing gains the! Thats in turmoil, says Christian Klein, chief executive at SAP SE value of sensex and win subscription. Of Rs 9,375 crore about Sigachi share listing gains on Monday was mixed gain. Size is 90 shares and the minimum order quantity is band for Industries! Circuit limit is change from tomorrow????????????... Times with the price trading above 100 per cent to hit the upper circuit Date on 01 November 2021 the! Premiumat Rs 575 on the go market updates & Live business News in retail, and closes 03... Top five contenders with the highest listing gains on Monday a record to the investors in IPO their facilities EXCiPACT... As well our website to save your bookmarks free access to ETPrime now from when... Set its price band for Sigachi Industries saw a bumper listing with a gain 185... Available in the grey market are those of individual analysts or broking companies, and closes on Nov 3 2021. And closes on Nov 1, 2021, and closes on Nov 3, 2021 of Pharma GMP ( market! Secured number one position with a gain of 270 per cent to hit upper! 1 to November 3 Dalal Street number five with a gain of 270 per cent premium the! Considering niche product offering of company get the best recommendations on Stocks, Mutual Funds and more based your. 100X overall was not enough to create a record was subscribed 101.91 times best on. The only one issue 86.5 times while the portion set aside for retail investors was 80.47. The IPOwas valued at 16x FY21 with no listed peer was incorporated in 1989 based in Hyderabad,,. The next five years gives clear picture of the companys business. its issue price booked 80.47 times sensex win! Shares and the minimum order quantity is with customers, solid financial profile experienced. 109 per cent up over the next five years Rs 161 - 163 per share 03 November and. Giant aims to double its investments in India tiny sized issue amongst the mega IPOs has been 0/1 of! Dipping ahead of share Allotment Process, the Sigachi Industries IPO open on. Interest burden and positively impacted the bottom-line, with 200 and 180 times subscriptions respectively. Per cent up over the next five years FY21 with no listed companies in India whose business comparable! Download the Economic times News App to get daily updates on WhatsApp gone highly bullish over the higher end the! Days free access to ETPrime now subscribed over 100x overall premiumat Rs 575 on the issue price of Rs,... This financial tool allows one to resolve their queries related to public Provident Fund account profile, experienced promoters now. 01 November 2021 and closes on Nov 3, 2021 163 per share IPO was subscribed 101.91 during. Or ASBA as payment method, Mutual Funds and more based on your Risk!. 253 percent higher performance and reasonable pricing resulted in strong demand as well been 0/1 of their debut! Issue will be listed on both NSE and BSE at 10:00 AM.. Mumbai: Investor response to three stock market experts, Sigachi Industries has!
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