The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. The biggest IPO in terms of size in 2021 was that of Paytms parent company. 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. Your Reason has been Reported to the admin. Sigachi shares will be listed on bourses today. 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 2023 Outlook Publishing India Pvt. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. Sign in e-paper. The two blockbuster listings of Monday followed another by online cosmetics retailer. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. It'll just take a moment. Existing shareholders are advised to hold the stock with a stop loss at Rs 480, while new investors are advised to wait till the stock prices cool down, he said. Choose your reason below and click on the Report button. Home; About IPO . 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. 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. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Log in to our website to save your bookmarks. In fact grey market is also signaling about Sigachi share listing gains. The minimum order quantity is 90 Shares. The price band ranges from Rs 161 to Rs 163. Download the Mint app and read premium stories. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. Predict the closing value of sensex and win free subscription. 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. Oops! Many would like to buy at 450-500 levels.. 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. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Listing Price 575: Listing Gain% 252.76: Sigachi Industries shares are going to list at Indian bourses today. Copyright e-Eighteen.com Ltd All rights resderved. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. 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. 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 :(. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. 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. 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. Stocks. During FY18-21, SIGACHIs MCC production volumes and revenues grew at a CAGR of 12.7% (to 11,240 MT) and 19.9% (to Rs 176 crore), respectively. 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. Forgot to add another important thing. According to, There are no prizes for guessing the name. Oops! Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. 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. Free - Classroom Training, The Sigachi Industries IPO listing date is on. There are no listed companies in India whose business is comparable with that of the companys business." Choose your winners rationally in 3 simple steps! In case you cant find any email from our side, please check the spam folder. Download the Mint app and read premium stories. Copyright HT Digital Streams Limited All rights reserved. Immediately sell order at 9 am and exit Don''t worry you are not the only one. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. PLAN. You are now subscribed to our newsletters. The issue is priced at 161 to 163 per share. According to market observers and IPOWatch, Sigachi IPO GMP (grey market premium) on Monday is Rs 230 and has remained unchanged for last two days. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Copyright HT Digital Streams Limited All rights reserved. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . 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. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. Read all the Latest News, Breaking News and Coronavirus News here. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. It'll just take a moment. 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. This is the highest listing gain by any company launched in year 2021. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. Sigachi Industries IPO expected listing gain. UPI IPO application is offered by brokers who don't offer banking services. , which operates under the Nykaa brand, last week. 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. 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? 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. Copyright Network18 Media and Investments Ltd 2023. This will alert our moderators to take action. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. 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. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. Finalization of Basis of Allotment: Nov 10, 2021. Bid/Offer Opens On: Nov 1, 2021. Here is the list of top five contenders with the highest listing gains on the day of their market debut. Exports to 41 countries along with robust two R & D infrastructure. HNI investors portion was subscribed 172.43 times. @MarketLearner : did you check with zerodha? Looks like you have exceeded the limit to bookmark the image. 2-Year Visit Zerodha IPO Application Process Review for more detail. On top of that, it gained another 5 per cent to hit the upper circuit. Phone: +91-22-6263 8200 The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. You are now subscribed to our newsletters. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 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. Your session has expired, please login again. Remove some to bookmark this image. 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. Thanks for your suggestion once again @lokes. Download The Economic Times News App to get Daily Market Updates & Live Business News. You are just one step away from creating your watchlist! ", 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. 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. 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. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. 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. 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. Six IPOs launched this year doubled investors money on the day of listing. Long-standing relationship with customers, solid financial profile, experienced promoters. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. I had no hopes either so was not that disappointed. Indigo Paint is at number five with a listing gain of 109 per cent. Strategically located, multi-locational manufacturing facilities. Predict the closing value of sensex and win free subscription. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 229/1 & 90, Kalyans Tulsiram Chambers, The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Explore. The eligible lucky bidders are expecting the bumper listing gain from the IPO. @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. 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. 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