The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. 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 Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. Listing Date: Nov 15, 2021. In fact, grey market is also reflecting about strong listing of the public issue as shares of Sigachi Industries are available at a premium of 200 in the grey market today. HNI investors portion was subscribed 172.43 times. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. According to, There are no prizes for guessing the name. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. You are now subscribed to our newsletters. Get your daily dose of business updates on WhatsApp. 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. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Now Sigachi is going in LC, I did not buy when it was 600+. Long-term investors are advised to remain invested considering niche product offering of company. This IPO hit the market in the month of July. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. Copyright e-Eighteen.com Ltd All rights resderved. 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. Free - Relationship Manager Tuesday, 21 February 2023. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. 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. brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. Free - Classroom Training, The Sigachi Industries IPO listing date is on. Its very less stock float. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. The latest tentative GMP of Sigachi Industries IPO is Rs 235. My guess for Sigachi -> Its GMP indicated price of 400. 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 . The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. . Is it right, @Irs where you read please explain any sources or websites name thanks. I had no hopes either so was not that disappointed. Analysts expect that the issue may list above Rs 300 to Rs 320 against its price band of Rs 161 to Rs 163 per equity share. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. 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. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Days Trial. 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. Remove some to bookmark this image. 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. Flat 20 Per Trade in F&O, FREE Account Opening (0) Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. They said that grey market premium is an unofficial data and one should not rely on it too much. 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. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . . Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. Sigachi IPO listing gains. 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. 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. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . For reprint rights: Times Syndication Service. Email: cs@sigachi.com The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. 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? 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 company has been faring well and paying dividends. The issue is priced at 161 to 163 per share. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. The shares will list on 15th November 2021. 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. 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. 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 IPO is a main-board IPO of 7,695,000 equity shares of the face value of 10 aggregating up to 125.43 Crores. Exports to 41 countries along with robust two R & D infrastructure. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. Log in to our website to save your bookmarks. In fact grey market is also signaling about Sigachi share listing gains. . All rights reserved. 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. 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. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. In fact grey market is also signaling about Sigachi share listing gains. Copyright HT Digital Streams Limited All rights reserved. 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. Stocks. Long-standing market presence in Pan India and Internationally. 20/Trade (Options & Intraday), Full-service @ Flat Rate But the IPO by Paytm failed to impress investors. The price band ranges from Rs 161 to Rs 163. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. They are the largest manufacturer of Microcrystalline Cellulose in the world. 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 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. Copyright HT Digital Streams Limited All rights reserved. There are no listed companies in India whose business is comparable with that of the companys business. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Days Trial Your session has expired, please login again. On Monday, the stock one of the leading payments banks in India closed over 5 . 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 :(. Sigachi Industries IPO 101.90 times. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. 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. The Company Will issue 7,695,000 equity shares through Fresh Issue. They were subscribed numerous times the shares on offer. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. 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 price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. Many would like to buy at 450-500 levels.. Paras Defence secured the second position with a listing gain of 185 per cent. In case you cant find any email from our side, please check the spam folder. The Sigachi Industries IPO lot size is 90 shares. 4. 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 markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. Sigachi Industries IPO expected listing gain. 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