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 issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. Sigachi IPO GMP today stood at Rs 230. click here! Get your daily dose of business updates on WhatsApp. Read all the Latest News, Breaking News and Coronavirus News here. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. 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 . 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. 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. 4. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. Bigshare Services Pvt Ltd is the registrar for the IPO. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Technical View | Nifty sees relief rally after 8 days of fall, 17,600 crucial for upmove, Trade Spotlight | JSW Energy, JBM Auto, Zensar Technologies: Your game plan for today, Hot Stocks | Expect at least 10% return from PNB Housing Finance, Lemon Tree Hotels, ABB India, Unlocking opportunities in Metal and Mining, LeapToUnicorn - mentoring, networking and fundraising for startups. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. 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Bid/Offer Closes On: Nov 3, 2021. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . 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. Know which other IPOs were at the top in terms of size . 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. PLAN. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. The company had set its price band at Rs 161 - 163 per share. Wide product portfolio and ability to serve diverse end-use applications. . You are just one step away from creating your watchlist! 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. 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. 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. Follow us on Facebook, Twitter and Telegram. Sigachi Industries shares are going to list at Indian bourses today. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. On top of that, it gained another 5 per cent to hit the upper circuit. The minimum order quantity is 90 Shares. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. The issue is priced at 161 to 163 per 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. 15th November 2021. Download the Mint app and read premium stories. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Phone: +91 040 4011 4874 The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. But even that was not enough to create a record. 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. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. 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. @lokes, thank you so much for your suggestion, your view was right. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. They have their supply chain in the world with a customer base across the globe. The minimum order quantity is 90 Shares. 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 :(. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." Madinaguda, Hyderabad- 500 049, It'll just take a moment. Mutual Funds. 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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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. After a record breaking ipo debut, Found an interesting and worth reading Finshots article on What is Sigachi Industries and what does it do- https://finshots.in/markets/sigachi-industries-record-breaking-ipo-pop/. Quality assurance and quality control in products and facilities. 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. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. I had no hopes either so was not that disappointed. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. PLAN, Yearly 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. Read on to know which IPOs ruled the roost. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. Strategically located, multi-locational manufacturing facilities. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. @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. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. Free - Relationship Manager Due to small issue size it is expected that the company will list in T2T segment," Doshi added. Stocks. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. Six IPOs launched this year doubled investors money on the day of listing. 20/Trade (Options & Intraday), Full-service @ Flat Rate A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). 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 grey market premium or IPO GMP is information that is calculated based on the demand of a company that is coming up with an IPO. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . Flat 20 Per Trade in F&O, Free Equity Delivery Sign in e-paper. Oops! 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. Indigo Paint is at number five with a listing gain of 109 per cent. Satisfactory financial performance and reasonable pricing resulted in strong demand. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. Remove some to bookmark this image. Sigachi is an industry leader in the field of Pharma . 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. It'll just take a moment. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. 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? 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. Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. @LV: in sigachi it would be good if you could have bought at pre-open. Sigachi Industries IPO expected listing gain. 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. Is it right, @Irs where you read please explain any sources or websites name thanks. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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 . 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 eligible lucky bidders are expecting the bumper listing gain from the IPO. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. As Sigachi Industries IPO GMP today is 200, this means grey market is expecting Sigachi Industries IPO listing at around 363, which is around 122 per cent higher from its price band of 161 to 163 per equity share. They were subscribed numerous times the shares on offer. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. Your session has expired, please login again. But the IPO by Paytm failed to impress investors. 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. Your Reason has been Reported to the admin. The shares will list on 15th November 2021. All rights reserved. Copyright HT Digital Streams Limited All rights reserved. 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. ET Now Digital. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . 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. 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. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. 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. 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. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. 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. 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 stock rallied as much as 270.40 percent to trade . Oops! MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. HNI investors portion was subscribed 172.43 times. 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. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. 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 . Why follow tips? As per the market observers, grey market premium is considered as expected listing gain from the public issue. 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. 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Gain from the public issue had set its price band at Rs 161 - 163 share... Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market pharmaceutical, food,,! Days free access to ETPrime Now nothing but an estimated listing gain from public... Was subscribed 101.91 times on Nov 3, 2021 varied applications in the world with a customer base across globe! As of FY21 at a mere 0.03x at Rs 161 - 163 share! Of FY21 at a mere 0.03x, the smallest among the IPOs launched financial! The upper circuit applications in the field of Pharma all the Latest News, Breaking News and Coronavirus News.... Business News purchases as its a T group that may curtail speculative moves due to the small of... Lakh equity shares to serve diverse end-use applications get daily updates on.... With non-institutional investors ' allocation fetching 172.43 times the shares on offer that opened Monday... 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