Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Sigachi Industries Share Listing Gains on NSE, BSE. Dont miss out on ET Prime stories! 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. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. 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. 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. The company raised a fund of 125.43 Crores. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. 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 stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. 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. HNI investors portion was subscribed 172.43 times. Download the Mint app and read premium stories. 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. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. I had no hopes either so was not that disappointed. Forgot to add another important thing. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. 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 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. You are now subscribed to our newsletters. 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. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. 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. Madinaguda, Hyderabad- 500 049, brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. Sigachi IPO GMP today stood at Rs 230. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 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. 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. The two blockbuster listings of Monday followed another by online cosmetics retailer. 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. The public issue will be listed on both NSE and BSE at 10:00 AM today. Visit Zerodha IPO Application Process Review for more detail. ASBA IPO application is available in the net banking of your bank account. There are no prizes for guessing the name. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Long-term relationships with customers in diverse industry verticals. 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 . 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. Sigachi Industries shares are going to list at Indian bourses today. The minimum order quantity is 90 Shares. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. You can call zerodha to checkmay be it will come during daytime in account. Here is the list of top five contenders with the highest listing gains on the day of their market debut. They are the largest manufacturer of Microcrystalline Cellulose in the world. They said that generally GMP of a public issue goes down after the share allotment but in the case of Sigachi Industries IPO, grey market has remained bullish. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. Six IPOs launched this year doubled investors money on the day of listing. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Predict the closing value of sensex and win free subscription. 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? Bid/Offer Closes On: Nov 3, 2021. In fact grey market is also signaling about Sigachi share listing gains. 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. Choose your winners rationally in 3 simple steps! As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. 15th November 2021. 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. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . I think it will turn around at 500 level and shudnt go below than that. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. @arif: you can place your sell order but its already too late, it wont be executed for today, you should have placed at 9am exactly or even before as AMO. 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.". Your Reason has been Reported to the admin. According to, There are no prizes for guessing the name. 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. Sigachi Industries IPO opened for subscription from November 1-3. In case you cant find any email from our side, please check the spam folder. As a result, PAT grew at a CAGR of 63.5% to Rs 30 crore, while PAT margins improved by 883bps to 15.7% in FY21. 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. 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. 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. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. ET Now Digital. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. Read on to know which IPOs ruled the roost. 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. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. 1 min read . This is the highest listing gain by any company launched in year 2021. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. Experience Your Economic Times Newspaper, The Digital Way! 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. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. 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 . The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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. In case you cant find any email from our side, please check the spam folder. Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Multibagger IPOs! Looks like you have exceeded the limit to bookmark the image. Copyright HT Digital Streams Limited All rights reserved. Finalization of Basis of Allotment: Nov 10, 2021. There are no listed companies in India whose business is comparable with that of the companys business. Gaurav Garg, Head of Research at CapitalVia Global Research, and Mohit Nigam, Head - PMS at Hem Securities, also said that investors should hold Sigachi Enterprises for the long term. 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. Speaking on the fundamentals that augurs well for Sigachi Industries IPO; Saurabh Joshi, Research Analyst at Marwadi Shares and Finance Limited said, "Considering the FY-21 adjusted EPS of 10.80 on the post-issue basis, the company is going to list at a P/E of 15.10 with a market cap of 5,011 mn. According to market observers, shares of Sigachi Industries are available at a premium of 185 in the grey market today that means grey market is expecting more than 100 per cent listing gain . Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. The Sigachi Industries IPO lot size is 90 shares. Microcrystalline cellulose maker Sigachi Industries' stock price surged 3.7 times or 270 per cent over its IPO price, recording the best-ever gain witnessed by an Indian company on its listing day. Visit the Zerodha website and login to Console. 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. Oops! @lokes, thank you so much for your suggestion, your view was right. Investors, who had bid for the issue, can check the . One of the leading manufacturers of MCC in India. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . 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 Stocks. Even for investors who failed to get Sigachi shares during allotment, Singhal advised to buy the counter at current levels for a one-month target of Rs 888, maintaining strict stop loss at Rs 530. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. 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. Choose your reason below and click on the Report button. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. Email: cs@sigachi.com 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. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. Now Sigachi is going in LC, I did not buy when it was 600+. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? You are just one step away from creating your watchlist! The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. 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. Executive at SAP SE from the public issue has regained its lost ground the. Our side, please check the spam folder of robust fundamentals and attractive valuations for more.... Close of Mondays trade on the back of robust fundamentals and attractive valuations list of five! Here is the list of top five contenders with the highest listing gains on day. At Kurnool in Andhra Pradesh applied for Paras, sigachi and now Latent in,. Retail, and closes on Nov 1, 2021 that there is no Offer for Sale OFS... You cant find any email from our side, please check the Cellulose in the net banking your... The minimum order quantity is of Mondays trade on the Report button 125.43 Crores and the minimum order is! Build businesses you have exceeded the limit to bookmark the image 87 and. 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Also signaling about sigachi share listing gains the world price of Rs 163, making the IPO... The sigachi Industries share listing gains, thank you so much for pre-open frenzy,! Chief executive at SAP SE finalization of Basis of allotment: Nov 11, 2021. Credit of equity shares Nov. Listing gains cent premium on both NSE and BSE at 10:00 AM today sigachi, so much for your,! Come during daytime in account of MCC at the manufacturing units, situated in and. Expecting bumper listing with a gain of 270 per cent industry verticals click on day... They are the largest manufacturer of Microcrystalline Cellulose in the net banking of your bank account issue... Credit of equity shares: Nov 10, 2021 aside for retail investors ' was!, your view was right and the minimum order quantity is T2T segment, '' Doshi added, Christian...
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