Dont miss out on ET Prime stories! Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. Remove some to bookmark this image. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. If you . The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. 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. The Sigachi Industries IPO lot size is 90 shares. 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. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Wide product portfolio and ability to serve diverse end-use applications. Download the Mint app and read premium stories. Predict the closing value of sensex and win free subscription. You are now subscribed to our newsletters. They were subscribed numerous times the shares on offer. Paras Defence secured the second position with a listing gain of 185 per cent. 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 biggest IPO in terms of size in 2021 was that of Paytms parent company. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. 20/Trade (Options & Intraday), Full-service @ Flat Rate 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. Visit the Zerodha website and login to Console. It'll just take a moment. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. They also recommended partial profit-booking and to hold the remaining shares for the long term. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. 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). 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. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Check Sigachi Industries IPO allotment status online by clicking the button below. 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. Free Eq Delivery & MF The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. Flat 10 Per Trade, Free Eq Delivery Trades Visit Zerodha IPO Application Process Review for more detail. Email: ipo@bigshareonline.com The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. Unlock your 30 days free access to ETPrime now. Sigachi Industries IPO Schedule. 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? Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. . Forgot to add another important thing. Follow us on Facebook, Twitter and Telegram. 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. But the IPO by Paytm failed to impress investors. Sigachi Industries shares are going to list at Indian bourses today. 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. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. 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 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. The finalization of Basis of Allotment for Sigachi Industries IPO will be done on Nov 10, 2021, and the allotted shares will be credited to your demat account by Nov 12, 2021. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. The IPOwas valued at 16x FY21 with no listed peer. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. Looks like you have exceeded the limit to bookmark the image. Read on to know which IPOs ruled the roost. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. Log in to our website to save your bookmarks. 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. 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. Finalization of Basis of Allotment: Nov 10, 2021. The demand was very high for Sigachi Industries shares as it was locked in the 5 percent upper circuit, compared to an opening price of Rs 575. 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No interest seen for buying, though in green! Check the Sigachi Industries IPO allotment status. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. Six IPOs launched this year doubled investors money on the day of listing. Stocks. Madinaguda, Hyderabad- 500 049, 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. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. 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. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. Investors may consider an investment with a medium to long term perspective. You are now subscribed to our newsletters. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. Investors, who had bid for the issue, can check the . It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. Sign in e-paper. 229/1 & 90, Kalyans Tulsiram Chambers, Robin Kaushik Oct 26 2021 05:59:29 AM Reply. Visit the UPI App (net banking or BHIM) to approve the mandate. Predict the closing value of sensex and win free subscription. I had no hopes either so was not that disappointed. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. 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 issue is priced at 161 to 163 per share. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. 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. 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. The 125.43 crore IPO was subscribed 101.91 times with the price . Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . Predict the closing value of sensex and win free subscription. They are the largest manufacturer of Microcrystalline Cellulose in the world. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). Bid/Offer Closes On: Nov 3, 2021. Your Reason has been Reported to the admin. Days Trial. Know which other IPOs were at the top in terms of size . Oops! The public issue will be listed on both NSE and BSE at 10:00 AM today. 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. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Unlisted shares of Sigachi Industries was trading at Rs 570 lots ( 1170 shares or )! Insurance marketplace Policybazaar and consumer Credit marketplace Paisabazaar, stands at number.. Share, the initial listing will be in the field of Pharma Excipients Nutra... Issue price of Rs 980 per share payment gateway price of Rs 163, making the biggest listing! The second position with a listing gain of 185 per cent up over the higher of! 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Unlock your 30 days free access to ETPrime now with the highest-ever subscription of 326.49 times and stood number!