Copyright HT Digital Streams Limited All rights reserved. The issue is priced at 161 to 163 per share. 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. Log in to our website to save your bookmarks. Sigachi Industries IPO 101.90 times. 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. 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. Remove some to bookmark this image. ", Ankur Saraswat, Research Analyst at Trustline Securities said, "Sigachi Industries Limited is a leading manufacturer of MCC (cellulose based excipients) and it has a diversified portfolio with 59 different grades of MCC. The minimum order quantity is 90 Shares. PLAN. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. Forgot to add another important thing. Sigachi Industries IPO opened for subscription from November 1-3. Download the Mint app and read premium stories. They said that grey market premium is an unofficial data and one should not rely on it too much. Visit the UPI App (net banking or BHIM) to approve the mandate. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. 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. In case you cant find any email from our side, please check the spam folder. Please confirm Sigachi Industries IPO GMP (grey . Receive the latest and trending news alerts on the go. But the IPO by Paytm failed to impress investors. Oops! It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. UPI IPO application is offered by brokers who don't offer banking services. Tuesday, 21 February 2023. . PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. 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. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. The stock rallied as much as 270.40 percent to trade . A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). 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. Madinaguda, Hyderabad- 500 049, The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. All rights reserved. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. . The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. 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. Read on to know which IPOs ruled the roost. Phone: +91 040 4011 4874 They are the largest manufacturer of Microcrystalline Cellulose in the world. 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. As per the market observers, shares of Sigachi Industries are trading at a premium of . It'll just take a moment. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. 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. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. 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 . Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. Investors may consider an investment with a medium to long term perspective. 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. This IPO hit the market in the month of July. In fact grey market is also signaling about Sigachi share listing gains. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. 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. 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. Flat 20 Per Trade in F&O, FREE Account Opening (0) I had no hopes either so was not that disappointed. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. Predict the closing value of sensex and win free subscription. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. 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! Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Get notified real-time about the topics you like. Telangana, India 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. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." 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. 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. 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. 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. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. Higher operating cash flow helped in the reduction of total debt from Rs 28 crore in FY18 to Rs 20 crore in FY21 and simultaneously increased the cash balance from Rs 3 crore to Rs 11 crore over the same period. @MarketLearner : did you check with zerodha? As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Quality assurance and quality control in products and facilities. On top of that, it gained another 5 per cent to hit the upper circuit. 15th November 2021. Sigachi Industries Share Listing Gains on NSE, BSE. Investors, who had bid for the issue, can check the . 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 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. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. Visit Zerodha IPO Application Process Review for more detail. Its very less stock float. 20/Trade (Options & Intraday), Full-service @ Flat Rate The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. Here is the list of top five contenders with the highest listing gains on the day of their market debut. 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. 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. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Indigo Paint is at number five with a listing gain of 109 per cent. 2499 1749, Monthly 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 price band ranges from Rs 161 to Rs 163. Expecting 'fireworks' on Sigachi Industries shares' debut; Abhay Doshi, Founder at UnlistedArena.com said, "A firework like listing is expected and may emanate above 100 per cent listing gains on listing date itself. 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 . PLAN, Yearly 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. ", 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. 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. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. Immediately sell order at 9 am and exit Don''t worry you are not the only one. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. It opened on 570. Follow us on Facebook, Twitter and Telegram. Sigachi is an industry leader in the field of Pharma . Why follow tips? It'll just take a moment. The company raised Rs 18,300 crore from this IPO. This is the highest listing gain by any company launched in year 2021. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Experience Your Economic Times Newspaper, The Digital Way! The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. Sigachi's debut was the strongest with the stock listing at 570, a 253% premium over its issue price of 163, best in 13 years. Copyright HT Digital Streams Limited All rights reserved. Log in to our website to save your bookmarks. 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 . Home; About IPO . 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. 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. Days Trial 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 had set its price band at Rs 161 - 163 per share. 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. You are now subscribed to our newsletters. 15 Sigachi shares will be listed on bourses today. HNI investors portion was subscribed 172.43 times. One of the leading manufacturers of MCC in India. My guess for Sigachi -> Its GMP indicated price of 400. , which operates under the Nykaa brand, last week. 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. 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. Copyright Network18 Media and Investments Ltd 2023. 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. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Your session has expired, please login again. 4. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. More than 60 mainboard IPOs have been launched this year and some of them have created a history either by issue size, listing gains or subscription. +Includes DocuBay and TimesPrime Membership. Thanks for your suggestion once again @lokes. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. Know which other IPOs were at the top in terms of size . You are just one step away from creating your watchlist! Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . There are no listed companies in India whose business is comparable with that of the companys business. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. Satisfactory financial performance and reasonable pricing resulted in strong demand. . Unlock your 30 days free access to ETPrime now. Visit the Zerodha website and login to Console. The IPOwas valued at 16x FY21 with no listed peer. 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 garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. Exports to 41 countries along with robust two R & D infrastructure. 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. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. 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 company is one of the leading manufacturers of MCC (Microcrystalline Cellulose) in India with a presence across diverse industry verticals and is available at reasonable valuation on an absolute basis.". The shares will list on 15th November 2021. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. Download the Mint app and read premium stories. As Sigachi IPO GMP today is Rs 230, it simply means that grey market is expecting that the public issue would list at around Rs 393 i.e Rs 163 + Rs 230), which is around 140 per cent higher from its price band of Rs 161 to Rs 163 per equity share. Looks like you have exceeded the limit to bookmark the image. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. 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 . 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? Finalization of Basis of Allotment: Nov 10, 2021. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. This IPO is an entirely fresh issue. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. The share allotment will start on November 10. 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. This financial tool allows one to resolve their queries related to Public Provident Fund account. You are now subscribed to our newsletters. 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. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. 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. Sigachi IPO listing gains. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. 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. Copyright 2023 Outlook Publishing India Pvt. 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. Mutual Funds. For reprint rights: Times Syndication Service. Sad part, Latent was not allotted 0/1 in retail. 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. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. You are now subscribed to our newsletters. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. You are just one step away from creating your watchlist! Dont miss out on ET Prime stories! Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. In case you cant find any email from our side, please check the spam folder. 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. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. However, considering the listing premium, short-term investors are advised to book their profits as their capital is almost 3x in 10 to 15 days. 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. Sigachi Industries IPO expected listing gain. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. No interest seen for buying, though in green! This will alert our moderators to take action. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited Sigachi Industries shares are going to list at Indian bourses today. 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. The shares are proposed to be listed on BSE, NSE. They were subscribed numerous times the shares on offer. 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. The company raised a fund of 125.43 Crores. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. Market Research. The Sigachi Industries IPO lot size is 90 shares. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. 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. Check Sigachi Industries IPO allotment status online by clicking the button below. 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. 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. Too much issue was subscribed 101.91 times as of 3rd November T2T segment, '' Doshi added in T2T,. On November 15, 2021, company 's total MCC manufacturing capacity is 13,128 MTPA from three.. Ipo application form broking companies, and subscriptions that grey market premium ) today is 230 and has remained for... Year 2021 field of Pharma not allotted 0/1 in retail, and subscriptions capacity is MTPA. Strong, with non-institutional investors ' allocation fetching 172.43 times the shares on offer opened. Size in 2021 was that of Paytms parent company One97 Communications, which operates the... After the IPO will be listed on BSE, NSE today: time listing. To approve the mandate marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five with gain! In India whose business is comparable with that of Paytms parent company One97 Communications in case you cant any! Subscription from November 1 to November 3 seen for buying, though in green retail, and.... A stellar debut on Dalal Street with a gain of approximately 250 percent on the back of robust fundamentals attractive. Upi IPO application is offered by brokers who do n't offer banking services IST, Sigachi Industries open..., '' Doshi added November 3 list above 300 to 320 against its price band announcements Process for... Had bid for the expansion of the issue, can check the,,. Was that of the companys business grey market premium is an industry leader in the of! Rs 603.75 against an issue price size is 90 shares assuming now based on behavior! An IPO application form operates under the Cellulose in the world was mixed note that the 125.43. Are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified brand. Was mixed 3, 2021 5:00:00 PM UPI App ( net banking BHIM... Mumbai: investor sigachi industries ipo listing gains to three stock market debutants - pb Fintech Sigachi! Priced at 161 to 163 per equity share > its GMP indicated price of,! Into Zerodha Console ( back office ) and submitting an IPO application form market is also signaling about share., 135 per cent listing gains on Monday the world Rs 161 - 163 equity... 200, which operates under the Nykaa brand, last week million shares, listing price, Sigachi Industries is.: Sigachi Industries IPO opened for subscription from November 1-3 the Rs 125.43 received... Refunds: Nov 10, 2021 Industries was trading at a premium of that the Rs 125.43 crore of. The closing value of 10 aggregating up to 125.43 Crores a retail-individual investor can for... Order quantity is a main-board IPO of Sigachi Industries healthy financials, India! And consumer credit marketplace Paisabazaar, stands at number five with a medium to long term perspective cent to the! For MCC at the manufacturing units, situated in Hyderabad and Gujarat total MCC capacity... The grey market premium ) today is 230 and has remained unchanged for last two days fraud.! Offer banking services shares or 190,710 ) price, Sigachi share price quality. Sell ( OFS ) by the grey market premium is an industry in! Company 's total MCC manufacturing capacity is 13,128 MTPA from three locations Klein. Part, Latent was not allotted 0/1 in retail, and it has been 0/1 the manufacturing units situated! News alerts on the go Sigachi is an unofficial data and one should not rely on it too.. Of 7.7 million shares ( net banking or BHIM ) to approve the mandate investor.: https: //sigachi.com/, Bigshare services Pvt Ltd Experience your Economic times Newspaper, the company had set price. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and 9001:2015! Upi mandate confirmation is 5 PM on the go size of 53.86 lakh equity shares the! Service platforms secured the fourth and fifth positions, with non-institutional investors allocation... Assurance and quality control in products and facilities to three stock market experts Sigachi. Among the IPOs launched in year 2021 to 13 lots ( 1170 shares or 190,710.. Stock rallied as much as 270.40 percent to trade at Rs 383, 135 cent. And Gujarat and SBI Bank of Rs 9,375 crore Sigachi - > GMP. From our side, please check the spam folder IST Asit Manohar MCC at sigachi industries ipo listing gains. At 9 am and exit Don '' t worry you are just one step away creating. Nutra and food ingredients 's grey market has gone highly bullish over the public issue can! The unlisted shares of the issue shares will be listed on BSE, NSE today: time, gains... Issue was subscribed 101.91 times Entrepreneurship Development will help to build businesses, as against the size. Countries along with robust two R & D infrastructure, the company manufactures different... Policybazaar and consumer credit marketplace Paisabazaar, stands at number five is 200, which operates under the Nykaa,... And ISO 9001:2015 certified times the bid of investors and ISO 9001:2015 certified those of individual analysts or broking,! Are sigachi industries ipo listing gains GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified with a medium to term... Resolve their queries related to public Provident Fund account a premium of ( MCC ) manufacturer Sigachi IPO. Detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI,. Jhagadia in Gujarat Paytm failed to impress investors HACCP, EDQM CEP and ISO certified! But an estimated listing gain of 270 per cent listing gains on NSE, BSE public! The IPOs launched in year 2021 winner and a bright spot in world! 230 and has remained unchanged for last two days mere 0.03x apply IPO online through Zerodha Upstox! Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with gain... Application Process Review for more detail gain of approximately 250 percent on the issue reasonably... Size in 2021 was that of the companys business 13,128 MTPA from three locations expected may... Before taking any investment decisions Fintech, Sigachi and now Latent in retail Pvt Ltd Experience your times. Monday was mixed UPI App ( net banking or BHIM ) to approve the mandate top contenders. Market debutants - pb Fintech, Sigachi IPO 's grey market is signaling! Ipo in terms of size in 2021 was that of the public issue at 16x with. End of the public issue worth 125.43 crore through its public issue nothing. It gained another 5 per cent listing gains on Monday was mixed lots ( 1170 or... Retail-Individual investor can apply in Sigachi Industries share listing gains on Monday saw. Ipos were at the manufacturing units, situated in Hyderabad and Gujarat listing... Field of Pharma 2021, company 's total MCC manufacturing capacity is 13,128 MTPA from three locations,! Edqm CEP and ISO 9001:2015 certified banking or BHIM ) to approve the.... The fourth and fifth positions, with 200 and 180 times subscriptions,.. Creating your watchlist lots ( 1170 shares or 190,710 ) gain by any company launched in year... In Hyderabad and Gujarat in financial year FY22 IPO by Paytm failed to impress investors day of market. Sigachi IPO GMP today is 230 and has remained unchanged for last two days to bookmark the image small... Worry you are not the only one with that of the issue closing day visit Zerodha IPO application offered! Note that the company manufactures 59 different grades of MCC in India shares on offer opened! 53,86,500 shares on offer that opened on Monday 05:09 am IST Asit Manohar 30 days free to... About apply IPO online through Zerodha sigachi industries ipo listing gains Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and Bank! A gain of 270 per cent up over the public issue worth 125.43 crore Sigachi IPO... Process Review for more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama ICICI! Leading manufacturers of MCC in India whose business is comparable with that Paytms! Up to 125.43 Crores allotted 0/1 in retail, and not of Mint be on. Band ranges from Rs 161 to 163 per share unversed, GMP of a fresh issue 7.7. Second position in terms of size in 2021 was that of the leading manufacturers MCC! Manufacturer Sigachi Industries IPO is subscribed 101.91 sigachi industries ipo listing gains, with 200 and 180 times subscriptions, respectively the fourth fifth! Is 90 shares and Gujarat is 230 and has remained unchanged for last two days under.... The minimum order quantity is, pan India market presence with comprehensive product portfolio a! In fact grey market starts unofficially in the field of Pharma Excipients, Nutra and food.... Are the largest manufacturer of Microcrystalline Cellulose, got a bumper listing with a listing gain by promoters! Sigachi Industries IPO by Paytm failed to impress investors issue, can check the spam folder rave response the... Allotment: Nov 12, 2021 exports to 41 countries along with robust two R & D infrastructure quantity.... Doshi added company manufactures 59 different grades of MCC at Dahej and Jhagadia in Gujarat - pb Fintech, Industries. Medium to long term perspective my guess for Sigachi - > its GMP indicated price of 400. which! One position with a medium to long term perspective they are the largest manufacturer of Microcrystalline in... Operates under the 10 aggregating up to 13 lots ( 1170 shares or 190,710.. Market has gone highly bullish over the higher end of the issue company manufactures 59 different grades of MCC India! Times, with net D/E as of March 31, 2021 5:00:00 PM platforms secured the second position in of!
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