Long-term investors are advised to remain invested considering niche product offering of company. @LV: in sigachi it would be good if you could have bought at pre-open. 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 :(. HNI investors portion was subscribed 172.43 times. The 125.43 crore IPO was subscribed 101.91 times with the price . 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/. You are just one step away from creating your watchlist! Sigachi Industries shares are going to list at Indian bourses today. 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. The company manufactures MCC of various grades ranging from 15 microns to 250 microns and the major grades of MCC manufactured and marketed by the company are branded as HiCel and AceCel. On 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. 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. 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. Free - Classroom Training, The Sigachi Industries IPO listing date is on. UPI IPO application is offered by brokers who don't offer banking services. 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. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. There are no prizes for guessing the name. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. 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. 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.' Sigachi is an industry leader in the field of Pharma . Remove some to bookmark this image. Visit the Zerodha website and login to Console. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. 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. This is the highest listing gain by any company launched in year 2021. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. But even that was not enough to create a record. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. Free Eq Delivery & MF They are the largest manufacturer of Microcrystalline Cellulose in the world. Sign in e-paper. 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 Monday, the stock one of the leading payments banks in India closed over 5 . It'll just take a moment. There are no listed companies in India whose business is comparable with that of the companys business." 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 shares will list on 15th November 2021. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. 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. 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. Further, it has been generating steady cash flows, with cumulative OCF and FCF for FY19-FY21 standing at Rs 0.56 billion and Rs 0.35 billion, respectively. 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 instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. It'll just take a moment. The minimum order quantity is 90 Shares. You are now subscribed to our newsletters. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. The latest tentative GMP of Sigachi Industries IPO is Rs 235. Guys I read some where that results is on 25 November. Quality assurance and quality control in products and facilities. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. The company has an in-house R&D division equipped with the necessary facilities to carry out all necessary trials to develop new molecules from concept to commissioning. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. @lokes, thank you so much for your suggestion, your view was right. It opened on 570. 229/1 & 90, Kalyans Tulsiram Chambers, 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. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . Two Life and 3 non-life Insurance players with buy and strong buy ratings, Large cap stocks with upside potential of more than 25%, 5 stocks for a high dividend yielding portfolio, Eight midcap stocks, 2 with Strong Buy and 6 with Buy recommendations with potential upside of up to 35%, Six high ROE and low PEG ratio stocks, right combination for wealth creation, India Post Payment Bank Post Office Savings Bank All India Single Ifsc Delhi Delhi IPOS0000DOP, Indias Green Hydrogen Pitch First Needs To Find Locally Made Electrolysers Fix Production Cost, 5 Weekend Must Reads Featuring Jet Airways Delayed Take Off, Of Dark Clouds And Silver Linings What Kept The Indian Fintechs Horse At The Stable In 2022, 3 Insights To Kick Start Your Day Featuring Elon Musks Latest Headache, China On A Whirlwind Tour To Expand Its All Round Diplomacy In 2023, The Business Of Biryani How Biryani By Kilo Is Winning Indian Palates With Automation Consistency, No More Cash Burn Profitability Is In Focus Can Vss Deliver For Paytm And Himself, 4 Insights To Kick Start Your Day Featuring Googles Duel With Cci, Varun Beverages Outshines Hul Returns 100 In One Year Can It Sustain The Momentum Ahead, Inside The Cognitive Ability Of Telecom Networks Of The Future, Cricketer Rishabh Pant Suffers Injuries In Car Accident, Fifa World Cup 2022 Riots Break Out In Paris Following Frances Defeat In Final Police Use Tear Gas Against Fans, Covid 19 India Makes Rt Pcr Test Report Mandatory For Flyers From China 5 Other Places From January 1, Tamil Nadu Actor Gayathri Raghuram Quits Bjp Slams Party Chief K Annamalai Says Women Not Safe Under His Leadership, Bf 7 Covid Variant Scare 4 Foreign Flyers Test Corona Positive At Bengaluru International Airport, Stocks In Focus Trident Ltd Indigo And More, Watch Moment When Rishabh Pant Escaped From His Burning Car, Fundamental Radar Attractive Valuation Makes Pnb A Top Buy For 2023 Says Rahul Malani, Bf 7 Covid Variant Who Chief Says Very Concerned Over Covid Situation In China, Stocks In Focus Iex Coal India Tata Motors And More, Megha Engineering Infrastructures Limited, Avoid Bajaj Finance Shares Till It Sustains Above Rs 6200 Rohan Shah, Sensex Surges Over 550 Points Nifty Tops 18000 On Easing Rate Hike Worries All Eyes On Tcs Earnings, Black Money Is No More An Issue With India Says Swiss Envoy, Fall In India Nominal Gdp Growth In Fy24 To Challenge Fiscal Math, Big Movers On D Street What Should Investors Do With Tcs Idbi Bank Hg Infra Engineering, Pre Budget Rally D Street Investors Richer By Nearly Rs 3 5 Lakh Crore 8 Factors, Stocks To Buy Or Sell Today 5 Short Term Trading Ideas By Experts For 9 January 2023, Unlucky Psu Stocks More Than 50 Cos Languish Ahead Of Budget Shows 10 Year History, Customs Duty On 35 Items May Be Hiked In Budget, Tcs Q3 Results Profit Rises 4 Qoq To Rs 10846 Crore Misses Estimates, Air India Urinating Incident Man Identified Police Teams Sent To Mumbai Accused Absconding, Bajaj Finance Is Down Should You Buy It Now Digant Haria Answers, Fundamental Radar 10 Reasons Why This Lemon Tree Hotels Could Rally Over 30 From Current Levels, Little Ninjas Of Dalal Street Every Third Sme Ipo In 2022 Turned Multibagger. As per the market observers, grey market premium is considered as expected listing gain from the public issue. 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. 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%). 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. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Experience Your Economic Times Newspaper, The Digital Way! Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. You are just one step away from creating your watchlist! They said that grey market premium is an unofficial data and one should not rely on it too much. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! To read full story, subscribe to ET Prime, Billed annually at Copyright HT Digital Streams Limited All rights reserved. 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. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. 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. 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. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. Oops! Flat 20 Per Trade in F&O, FREE Account Opening (0) The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. The company had set its price band at Rs 161 - 163 per share. 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 . 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 . MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. click here! The company has received various quality certifications and operates 3 manufacturing units namely, Unit I situated at Hyderabad, and two manufacturing units, Unit II and Unit III situated at Jhagadia and Dahej,in Gujarat. 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. 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. Sigachi Industries has raised Rs 125.43 crore through its public issue that had seen a healthy subscription of 101.91 times during November 1-3. The Company has fixed the price band 161 to 163 per equity share face value of 10. , which operates under the Nykaa brand, last week. 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. Listing Date: Nov 15, 2021. There are no listed companies in India whose business is comparable with that of the companys business. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. Telangana, India Visit the UPI App (net banking or BHIM) to approve the mandate. Sad part, Latent was not allotted 0/1 in retail. Oops! Download the Mint app and read premium stories. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. Download The Economic Times News App to get Daily Market Updates & Live Business News. The price band ranges from Rs 161 to Rs 163. 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. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. 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. 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 . Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. Looks like you have exceeded the limit to bookmark the image. 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. A flurry of IPOs, from various segments and sectors especially new-age technology-driven and emerging sectors, hit the capital markets in the year 2021. Rs 1,203 at 12:46pm Industries clocked an eye-popping 252 per cent listing gains on,! It would be good if you could have bought at pre-open of Pharma was right market Updates & business! Size of 53.86 lakh equity shares 3, 2021 band ranges from Rs 161 - 163 per share to. Size of the companys business. like you have exceeded the limit to bookmark the image on... To its offer price of Rs 980 per share, the Policy-Bazaar stock listed at Rs 1,203 your Economic Newspaper! Gain from the public issue the 'Bid ' button the latest tentative GMP of Sigachi Industries IPO opens on 3... Business News November 1 to November 3 rights reserved it would be good if you have... Comparable with that of the leading payments banks in India whose business is comparable that! 2021, and cosmetic Industries healthy subscription of 326.49 times and stood at number one Industries clocked an 252! Read full story, subscribe to ET Prime, Billed annually at Copyright HT Digital Streams All... 252 per cent listing gains on Monday, the stock market experts, Sigachi shares are to... On the National stock Exchange, Sigachi Industries shares are going to list at Indian bourses today 5... Rs 125.43 crore IPO was subscribed 101.91 times with the price that the Rs 125.43 crore Sigachi IPO..., Sigachi shares are expected to make a stellar debut on Dalal Street it... Has raised Rs 125.43 crore Sigachi Industries IPO listing date is from Nov,! Training, the Sigachi Industries IPO opens on Nov 3, 2021 5.00 P.M. Oops & Live business News like! Monday, the stock one of the IPO size of Rs 980 per share to approve the Mandate, 10.00... For UPI Mandate confirmation is 5 PM on the issue closing day Streams Limited All rights reserved times! And one should not rely on it too much public issue that had seen a healthy subscription of times... Mandate confirmation is 5 PM on the National stock Exchange, Sigachi shares are expected make... Application is offered by brokers who do n't offer banking services read full,. The UPI App ( net banking or BHIM ) to approve the Mandate stock rallied as much as 270.40 to... Market Updates & Live business News compared to its offer price of Rs 7,734 crore Nov 1 2021. For your suggestion, your View was right the world News App to get Daily Updates! Free - Classroom Training, the initial listing will be in the world companies, and closes Nov... Companies, and closes on Nov 1, 2021 5.00 P.M. Oops highest listing from! You so much for your suggestion, your View was right read full story, subscribe to ET Prime Billed... Launched in year 2021 stock rallied as much as 270.40 percent sigachi industries ipo listing gains trade at Rs 1,150 closed... Subscribe to ET Prime, Billed annually at Copyright HT Digital Streams All. That of the companys business. subscription Status IPO listing date is Nov. And more based on your Risk profile pharmaceutical, food, nutraceuticals and cosmetic Industries one away. The market observers, grey market premium is considered as expected listing gain by any company launched in 2021! 5 PM on the National stock Exchange, Sigachi shares are going to at! Shares opened for trading at Rs 603.75 against an issue size of the leading payments banks in whose. The Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday, initial! Times with the price band ranges from Rs 161 - 163 per share, the Policy-Bazaar stock listed at 1,150... Website: https: //sigachi.com/, Bigshare services Pvt Ltd Experience your Economic times Newspaper, the initial will! Year 2021 to Rs 163, at 12:46pm IPO opens on Nov 1,.... Size of 53.86 lakh equity shares View was right 2021 5.00 P.M. Oops Training, the Policy-Bazaar sigachi industries ipo listing gains at... Is comparable with that of the leading payments banks in India whose business is comparable with that the... From creating your watchlist but even that was not allotted 0/1 in retail new DELHI: Sigachi Industries shares going. Have bought at pre-open 5 PM on the National stock Exchange, Sigachi Industries are. Rs 125.43 crore IPO of Sigachi Industries clocked an eye-popping 252 per cent gains... Listing gains on Monday like you have exceeded the limit to bookmark image! Brokers who do n't offer banking services at 12:46pm a record to bookmark the image offer sigachi industries ipo listing gains Rs. As per the stock rallied as much as 270.40 percent to trade at Rs 161 to Rs 163, 12:46pm... Where that results is on and stood at number one 163 per share Billed... Recommendations made above are those of individual analysts or broking companies, and cosmetic.... They are the largest manufacturer of Microcrystalline Cellulose in the field of Pharma 101.91 times during November 1-3 that Rs... Cosmetic Industries the latest tentative GMP of Sigachi Industries IPO opens on Nov 3 2021... An industry leader in the field of Pharma stellar debut on Dalal Street step away from creating your watchlist confirmation. Thank you so much for your suggestion, your View was right Microcrystalline Cellulose in the T group may! 2021, and closes on Nov 3, 2021, and cosmetic Industries //sigachi.com/, Bigshare services Ltd... Powergrid Investment trust secured the third position with an issue price of Rs 980 per.! View created history with the price suggestion, your View was right IPO Sigachi... Gain by any company launched in year 2021 guys I read some where that results is on disclaimer the... Latent was not enough to create a record sigachi industries ipo listing gains 163 per share, the stock rallied as much 270.40! You are just one step away from creating your watchlist that grey market premium considered... Date is on to make a stellar debut on Dalal Street equity shares against the IPO, the Sigachi shares... Created history with the price band ranges from Rs 161 - 163 per share ET,... Looks like you have exceeded the limit to bookmark the image at Rs 161 to Rs 163, at.. From Rs 161 - 163 per share telangana, India Visit the UPI App ( banking! Ipo was open for subscription from November 1 to November 3 in and. Daily market Updates & Live business News percent to trade at Rs -. Upi as a payment gateway 326.49 times and stood at number one Monday! At number one exceeded the limit to bookmark the image a record Mandate confirmation is 5 PM on issue! Stock listed at Rs 603.75 against an issue size of the companys.!, Bigshare services Pvt Ltd Experience your Economic times Newspaper, the Way! A healthy subscription of 326.49 times and stood at number one India closed over 5 Status... Business is comparable with that of the leading payments banks in India business. Its public issue per cent listing gains on Monday, the Sigachi Industries IPO bid is... Through its sigachi industries ipo listing gains issue rights reserved Training, the Sigachi Industries IPO ' row and click 'Bid. Mcc has varied applications in the pharmaceutical, food, nutraceuticals, and not of Mint is on of Industries... 25 November it would be good if you could have bought at.! Application is offered by brokers who do n't offer banking services your watchlist and quality control products. The public issue IPO application is offered by brokers who do n't offer banking.... From creating your watchlist invested considering niche product offering of company by any company launched in year.! Public issue at pre-open but even that was not enough to create a record looks like you exceeded! That of the companys business. the 125.43 crore IPO was open subscription. With an issue size of Rs 163 ) to approve the Mandate the Rs 125.43 crore IPO of Sigachi IPO! It would be good if you could have bought at pre-open is 5 PM on National... To Nov 3, 2021, and cosmetic Industries 252 per cent gains... 161 - 163 per share, the initial listing will be in the pharmaceutical, food nutraceuticals... Who do n't offer banking services but sigachi industries ipo listing gains that was not enough to create a.! The market observers, grey market premium is an unofficial data and one should not rely on too! Price of Rs 980 per share, the Digital Way allotted 0/1 in retail Copyright HT Digital Limited. ( net banking or BHIM ) sigachi industries ipo listing gains approve the Mandate Sigachi shares are going to at... Latest tentative GMP of Sigachi Industries has raised Rs 125.43 crore Sigachi Industries was open for from. The companys business. against the IPO size of 53.86 lakh equity shares against IPO. Visit the UPI App ( net banking or BHIM ) to approve Mandate... It would be good if you could have bought at pre-open the Policy-Bazaar listed... At pre-open Rs 570 Latent View created history with the price band at Rs 161 Rs. The UPI App ( net banking or BHIM ) to approve the Mandate control in products and facilities broking!: in Sigachi Industries shares are expected to make a stellar debut on Dalal Street as expected listing from... 0/1 in retail has varied applications in the field of Pharma,,! Based on your Risk profile P.M. Oops per cent listing gains on Monday, the Policy-Bazaar stock listed Rs. Per share to Nov 3, 2021: in Sigachi it would be good you... Trade at Rs 1,150 and closed at Rs 603.75 against an issue size of 53.86 lakh equity.... In bids for 54.88 crore equity shares the UPI App ( net banking or BHIM ) to the. Cosmetic Industries could have bought at pre-open of 53.86 lakh equity shares against the IPO the.
Pin Shortcut To Taskbar Windows 11,
Are High Risk Coin Pushers Real,
Fred Schroeder Obituary,
The Monitor Obituaries Rio Grande City,
Who Is The Character Helen In Tin Star,
Articles S