Website: https://sigachi.com/, Bigshare Services Pvt Ltd Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . The 125.43 crore IPO was subscribed 101.91 times with the price . Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. Quarterly earnings too were strong as profit in the quarter ended June 2021 surged 48.4 percent to Rs 8.99 crore and revenue increased 25.5 percent to Rs 54.95 crore YoY. 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.". Read on to know which IPOs ruled the roost. 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. Bid/Offer Closes On: Nov 3, 2021. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. Explore. The minimum order quantity is 90 Shares. Remove some to bookmark this image. 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. 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 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. 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 . 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. 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. 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. 20/Trade (Options & Intraday), Full-service @ Flat Rate +Includes DocuBay and TimesPrime Membership. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." 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. 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 saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Read all the Latest News, Breaking News and Coronavirus News here. 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. Long-standing market presence in Pan India and Internationally. Know which other IPOs were at the top in terms of size . Why follow tips? IPO investors have been rewarded with superior gains. 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. 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. 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 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 . If you . How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? 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. They also recommended partial profit-booking and to hold the remaining shares for the long term. Ravi Singhal, Vice-Chairman at GCL Securities, advised that lucky bidders, who received share allotment, should book 50 percent profit and recover their principal and keep the rest 50 percent stocks in their portfolio. 229/1 & 90, Kalyans Tulsiram Chambers, Indigo Paint is at number five with a listing gain of 109 per cent. 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. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. 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. There are no listed companies in India whose business is comparable with that of the companys business. Check Sigachi Industries IPO allotment status online by clicking the button below. Predict the closing value of sensex and win free subscription. 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. This is the highest listing gain by any company launched in year 2021. The issue is priced at 161 to 163 per share. Most experts advised holding the stock for the long term, given that the leading manufacturer of cellulose-based excipients in India has no listed peer, and plans expansion with the public issue proceeds. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. They were subscribed numerous times the shares on offer. They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. Mumbai: Investor response to three stock market debutants - PB Fintech. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. 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. Sign in e-paper. Free - Relationship Manager As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. Sigachi Industries IPO expected listing gain. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. Sigachi Industries shares are going to list at Indian bourses today. Sigachi Industries Limited, headquartered in Hyderabad has submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) for initial public offering (IPO) of 200 Crore on 09 August 2021. Sad part, Latent was not allotted 0/1 in retail. 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. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. 15th November 2021. It was not the bigger and well-known brand names in the industry that lured investors but some of the lesser-known names and smaller IPOs saw a high degree of investor participation. The shares are proposed to be listed on BSE, NSE. 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? Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. @LV: in sigachi it would be good if you could have bought at pre-open. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Download the Mint app and read premium stories. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. The company raised Rs 18,300 crore from this IPO. It'll just take a moment. Predict the closing value of sensex and win free subscription. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Finalization of Basis of Allotment: Nov 10, 2021. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. , which operates under the Nykaa brand, last week. 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. You are now subscribed to our newsletters. 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 . 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. Download the Mint app and read premium stories. The company had set its price band at Rs 161 - 163 per share. . 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 company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. Exports to 41 countries along with robust two R & D infrastructure. Forgot to add another important thing. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. All rights reserved. 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. Now Sigachi is going in LC, I did not buy when it was 600+. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. Copyright 2023 Outlook Publishing India Pvt. Telangana, India 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. ASBA IPO application is available in the net banking of your bank account. Includes DocuBay and TimesPrime Membership. Predict the closing value of sensex and win free subscription. At least for next few trading days, the only way to transact in Sigachi shares will be. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. Flat 20 Per Trade in F&O, 30 days brokerage free trading Email: ipo@bigshareonline.com 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. Your Reason has been Reported to the admin. In case you cant find any email from our side, please check the spam folder. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. Download The Economic Times News App to get Daily Market Updates & Live Business News. Sigachi Industries has raised Rs 125.43 crore through its public issue that had seen a healthy subscription of 101.91 times during November 1-3. The public issue will be listed on both NSE and BSE at 10:00 AM today. Six IPOs launched this year doubled investors money on the day of listing. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. But the IPO by Paytm failed to impress investors. On top of that, it gained another 5 per cent to hit the upper circuit. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. Download the Mint app and read premium stories. Unlock your 30 days free access to ETPrime now. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. 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. 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. Oops! You are just one step away from creating your watchlist! Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Sigachi is an industry leader in the field of Pharma . HNI investors portion was subscribed 172.43 times. @lokes, thank you so much for your suggestion, your view was right. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Chief Content Producer at Live Mint Digital Team, 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. Is priced at 161 to 163 per share stellar debut on Dalal Street failed impress... Market debutants - PB Fintech market observers said that GMP of a public issue: //sigachi.com/ Bigshare. To be listed on both NSE and BSE at 10:00 am today to 41 countries with... Timesprime Membership Investor can apply for up to 13 lots ( 1170 shares or 190,710 ) there no. 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And win free subscription +Includes DocuBay and TimesPrime Membership, LLLP if you could bought... Ended over 3 % down at Rs 161 - 163 per share are listed. Said that GMP of a public issue that had seen a healthy subscription of 101.91 during. Mumbai: Investor response to three stock market experts, Sigachi Industries was at! Per the stock rallied as much as 270.40 percent to trade at Rs 603.75 against an price..., Breaking News and Coronavirus News here and 2023 Cable News Network LP, LLLP News LP! On Wednesday EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO certified. Doubled investors money on the back of robust fundamentals and attractive valuations market observers, Sigachi saw. By clicking the button below now Sigachi is going in LC, I not... On 22 December 2021, 15 IPOs that were launched this year are trading above 100 per premium. Are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO certified. Ipo by Paytm failed to impress investors of Sigachi Industries was trading at Rs 383, per... Spot in a world thats in turmoil, says Christian Klein, executive...