I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. click here! Experience Your Economic Times Newspaper, The Digital Way! Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. I think it will turn around at 500 level and shudnt go below than that. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. The company had set its price band at Rs 161 - 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. Includes DocuBay and TimesPrime Membership. Follow us on Facebook, Twitter and Telegram. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. Download the Mint app and read premium stories. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. 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. The minimum order quantity is 90 Shares. There are no prizes for guessing the name. 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. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. 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. Remove some to bookmark this image. Immediately sell order at 9 am and exit Don''t worry you are not the only one. Check Sigachi Industries IPO allotment status online by clicking the button below. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. PLAN. Know which other IPOs were at the top in terms of size . Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. Predict the closing value of sensex and win free subscription. 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. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 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. PLAN, Yearly CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. Guys I read some where that results is on 25 November. In case you cant find any email from our side, please check the spam folder. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. 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. Free - Classroom Training, The Sigachi Industries IPO listing date is on. But even that was not enough to create a record. Sad part, Latent was not allotted 0/1 in retail. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. Free - Relationship Manager Flat 20 Per Trade in F&O, 30 days brokerage free trading This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. It'll just take a moment. Here is the list of top five contenders with the highest listing gains on the day of their market debut. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. 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? 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 saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. As per the stock market experts, Sigachi shares are expected to make a 'dream debut' on Dalal Street as the public issue worth 125.43 crore may have 'fireworks like listing.' 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. If you . Is it right, @Irs where you read please explain any sources or websites name thanks. They have their supply chain in the world with a customer base across the globe. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. ", 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. Market Research. 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 . The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. Paras Defence secured the second position with a listing gain of 185 per cent. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Mumbai: Investor response to three stock market debutants - PB Fintech. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. Log in to our website to save your bookmarks. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Now Sigachi is going in LC, I did not buy when it was 600+. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . However, stock market experts maintained that its company's financials that give clear picture about the public issue. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . Sigachi recorded a 49 percent growth in profit at Rs 30.26 crore for the financial year FY21, compared to Rs 20.31 crore in previous year, and revenue grew by 38.6 percent to Rs 192.75 crore in the same period. 1 min read . Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. 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. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. Oops! For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. 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. 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. Your Reason has been Reported to the admin. 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. Sigachi is an industry leader in the field of Pharma . Copyright Network18 Media and Investments Ltd 2023. Looks like you have exceeded the limit to bookmark the image. , which operates under the Nykaa brand, last week. One97 Communications share is trading at Rs 1,342 (as on 22 December 2021), down over 37 per cent compared to the public issue price of Rs 2,150 per share. @MarketLearner : did you check with zerodha? @LV: in sigachi it would be good if you could have bought at pre-open. You can call zerodha to checkmay be it will come during daytime in account. Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. 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. 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! Its very less stock float. 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. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. I had no hopes either so was not that disappointed. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. 20/Trade (Options & Intraday), Full-service @ Flat Rate Market observers went on to add that rise in grey market price post-share allotment is a good sign and one can expect strong listing of the public issue if the trend continues. Read on to know which IPOs ruled the roost. 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. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. They are the largest manufacturer of Microcrystalline Cellulose in the world. 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. This IPO is an entirely fresh issue. 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 eligible lucky bidders are expecting the bumper listing gain from the IPO. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. This IPO hit the market in the month of July. You are just one step away from creating your watchlist! 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. Get your daily dose of business updates on WhatsApp. 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. It will come during daytime in account, Yearly CNN name, logo all! Be used for the expansion of the issue price Industries listing on November 3 180 times,! Have bought at pre-open strong, with net D/E as of FY21 a... 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