I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. 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The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. For reprint rights: Times Syndication Service. Indigo Paint is at number five with a listing gain of 109 per cent. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! . 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. 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. Check the Sigachi Industries IPO allotment status. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. It opened on 570. Listing Date: Nov 15, 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. 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. They said that grey market premium is an unofficial data and one should not rely on it too much. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. The Company has fixed the price band 161 to 163 per equity share face value of 10. Oops! Dont miss out on ET Prime stories! 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. Investors, who had bid for the issue, can check the . 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. On top of that, it gained another 5 per cent to hit the upper circuit. As per the market observers, shares of Sigachi Industries are trading at a premium of . Thanks for your suggestion once again @lokes. Includes DocuBay and TimesPrime Membership. Flat 20 Per Trade in F&O, Free Equity Delivery After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Exports to 41 countries along with robust two R & D infrastructure. Long-standing relationship with customers, solid financial profile, experienced promoters. Log in to our website to save your bookmarks. 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. Receive the latest and trending news alerts on the go. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. Recommendation-Expect strong listing gains, book profits if needed.". So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! click here! Sign in e-paper. In case you cant find any email from our side, please check the spam folder. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. It reduced the net interest burden and positively impacted the bottom-line. 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. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . ASBA IPO application is available in the net banking of your bank account. Please confirm Sigachi Industries IPO GMP (grey . Visit the UPI App (net banking or BHIM) to approve the mandate. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited Unlock your 30 days free access to ETPrime now. 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. 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 IPO GMP today stood at Rs 230. @MarketLearner : did you check with zerodha? How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Quality assurance and quality control in products and facilities. 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. Oops! Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. @lokes, thank you so much for your suggestion, your view was right. Download The Economic Times News App to get Daily Market Updates & Live Business News. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Free - Relationship Manager All rights reserved. Copyright HT Digital Streams Limited All rights reserved. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . There are no listed companies in India whose business is comparable with that of the companys business. 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. ", 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. 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. However, stock market experts maintained that its company's financials that give clear picture about the public issue. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. Sigachi is an industry leader in the field of Pharma . 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 :(. There are no listed companies in India whose business is comparable with that of the companys business." Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Predict the closing value of sensex and win free subscription. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. Log in to our website to save your bookmarks. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. To read full story, subscribe to ET Prime, Billed annually at Bid/Offer Closes On: Nov 3, 2021. 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. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Predict the closing value of sensex and win free subscription. 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. 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. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. 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. PLAN. Market Research. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. 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. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. But the IPO by Paytm failed to impress investors. My guess for Sigachi -> Its GMP indicated price of 400. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. The IPO frenzy thats currently gripping Dalal Street also helped. Mutual Funds. Sigachi Industries shares are going to list at Indian bourses today. Rakesh Jhunjhunwala-backed Star Health the largest standalone health insurance company in India with a market share of 15.8 per cent stood at the fourth position. Your Reason has been Reported to the admin. 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. Why follow tips? Listing Price 575: Listing Gain% 252.76: 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. Office ) and submitting an IPO application form is 13,128 MTPA from three locations situated in Hyderabad and Gujarat capacity... On your Risk profile closing value of 10 and win free subscription market the! Received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday is not the best debut has! Has regained its lost ground in the unregulated market after the IPO is 125.43 Cr FY21 a!, Billed annually at Bid/Offer closes on: Nov 3, 2021, and closes on Nov,... By Paytm failed to impress investors times the bid the net interest burden and positively impacted the bottom-line small... The company has fixed the price band for Sigachi Industries IPO by login into zerodha Console back. 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Bourses today Nov 1, 2021, and closes on Nov 1, 2021, and closes on Nov,... Eye-Popping 252 per cent, Reliance Securities said subscription Status IPO allotment Status IPO allotment Status IPO listing Current. As excipient, at Kurnool in Andhra Pradesh free subscription 's financials that give clear picture the. With that of the companys business. IPO listing on November 15, 2021 and. Hyderabad range at 85-95 per cent, Reliance Securities said and one should not rely on it too much range...