Flat 20 Per Trade in F&O, Free Equity Delivery 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. 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. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? Experience Your Economic Times Newspaper, The Digital Way! Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. 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. 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. PLAN. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. Predict the closing value of sensex and win free subscription. . But the IPO by Paytm failed to impress investors. 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. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. 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.". Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. Flat 20 Per Trade in F&O, 30 days brokerage free trading 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. 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. 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. 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. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Sign in e-paper. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. 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. Free - Classroom Training, The Sigachi Industries IPO listing date is on. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. Sad part, Latent was not allotted 0/1 in retail. 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. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Choose your winners rationally in 3 simple steps! On top of that, it gained another 5 per cent to hit the upper circuit. Sigachi shares will be listed on bourses today. They also recommended partial profit-booking and to hold the remaining shares for the long term. It reduced the net interest burden and positively impacted the bottom-line. All rights reserved. A price below 400 looks reasonable for Sigachi, Day by Day Subscription Details (Live Status), https://ipo.bigshareonline.com/ipo_status.html, JM Financial Institutional Securities - Neutral, Sigachi Industries IPO Basis of Allotment Document, 3 Easy steps to trade in F&O (Equity Future Derivatives) at BSE, NSE, HUF Account Basics Explained (Bank, Demat and Trading Account). 20/Trade (Options & Intraday), Full-service @ Flat Rate The company is going to utilise issue proceeds for expansion of production capacity for MCC at Dahej & Jhagadia, Gujarat, and for capital expenditure to manufacture croscarmellose sodium (CCS), a modified cellulose used as excipient at Kurnool, Andhra Pradesh. 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. Sigachi is an industry leader in the field of Pharma . Please confirm Sigachi Industries IPO GMP (grey . The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. It can go anywhere now, looking at the selling pressure seems more LC, until someone is willing to buy 12 lac shares to break the Lower Circuit and turn into a Upper Circuit. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Get your daily dose of business updates on WhatsApp. 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. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Forgot to add another important thing. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. Sigachi Industries Share Listing Gains on NSE, BSE. The latest tentative GMP of Sigachi Industries IPO is Rs 235. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. 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. Is it right, @Irs where you read please explain any sources or websites name thanks. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. Days Trial. The company raised Rs 18,300 crore from this IPO. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. 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 is subscribed 101.91 times as of 3rd November. 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. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. The share allotment will start on November 10. +Includes DocuBay and TimesPrime Membership. 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. 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.' This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. The price band ranges from Rs 161 to Rs 163. 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. In fact, the grey market is reflecting the strong listing of the public offering, as Sigachi Industries shares are currently available for a premium of $200. The issue is priced at 161 to 163 per share. Download the Mint app and read premium stories. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. 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. 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. But even that was not enough to create a record. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. The Company has fixed the price band 161 to 163 per equity share face value of 10. Phone: +91 040 4011 4874 Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Mutual Funds. Recommendation-Expect strong listing gains, book profits if needed.". Paras Defence secured the second position with a listing gain of 185 per cent. 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. Here is the list of top five contenders with the highest listing gains on the day of their market debut. Includes DocuBay and TimesPrime Membership. A Time Warner Company. 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. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. 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. They were subscribed numerous times the shares on offer. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." Dont miss out on ET Prime stories! Exports to 41 countries along with robust two R & D infrastructure. 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 . Download The Economic Times News App to get Daily Market Updates & Live Business News. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . 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. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. 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. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading 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! Sigachi Industries IPO Schedule. Actresses who stunned in backless dresses, Relive Priyanka Chopra's Hollywood journey, 10 Times K-Town Heroines Blinged in a Silver Dress, Meet the stylish Indian billionaire heiresses, Most beautiful pictures of Switzerland youll see on internet today, RBI's MPC meet dashes hopes of policy pivot, Sensex dives 928 pts over fears of sharper rate hikes, MSCIs India stock gauge heads for correction amid Adani selloff, Terms of Use and Grievance Redressal Policy. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . 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. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Free - Relationship Manager This IPO is an entirely fresh issue. Get notified real-time about the topics you like. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. Thanks for your suggestion once again @lokes. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. The stock, offered at Rs 1,125 per share, was listed at Rs 2,001 a gain of 77%, which also catapulted its main promoter Falguni Nayar into the league of richest Indians. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. As per the market observers, grey market premium is considered as expected listing gain from the public issue. 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. Ltd. | All rights reserved. Looks like you have exceeded the limit to bookmark the image. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. The Sigachi Industries IPO lot size is 90 shares. Mumbai: Investor response to three stock market debutants - PB Fintech. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. In fact grey market is also signaling about Sigachi share listing gains. Investors may consider an investment with a medium to long term perspective. 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. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. The company has been faring well and paying dividends. In case you cant find any email from our side, please check the spam folder. Quality assurance and quality control in products and facilities. Bigshare Services Pvt Ltd is the registrar for the IPO. Your session has expired, please login again. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. The biggest IPO in terms of size in 2021 was that of Paytms parent company. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. UPI IPO application is offered by brokers who don't offer banking services. Read all the Latest News, Breaking News and Coronavirus News here. 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. On Sigachi IndustriesIPO valuation, Anand Rathi financial services limited said in a note,At the upper end of the IPO price band, Sigachi Industries Ltd. is offered at P/E of 15.1x its TTM earnings, with a market capitalization of Rs 5,011 million. 2-Year 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. The Company Will issue 7,695,000 equity shares through Fresh Issue. IPO investors have been rewarded with superior gains. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. 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. The minimum order quantity is 90 Shares. You are now subscribed to our newsletters. Listing Price 575: Listing Gain% 252.76: Long-standing market presence in Pan India and Internationally. One of the leading manufacturers of MCC in India. Visit Zerodha IPO Application Process Review for more detail. Remove some to bookmark this image. @MarketLearner : did you check with zerodha? Log in to our website to save your bookmarks. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Many would like to buy at 450-500 levels.. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. 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. The net proceed from the IPO will be utilized towards the following purposes; Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers Private Limited are the company promoters. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Market Research. Long-term investors are advised to remain invested considering niche product offering of company. 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. Bid/Offer Opens On: Nov 1, 2021. 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. Download the Mint app and read premium stories. There are no listed companies in India whose business is comparable with that of the companys business. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. 229/1 & 90, Kalyans Tulsiram Chambers, At least for next few trading days, the only way to transact in Sigachi shares will be. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. 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. Strategically located, multi-locational manufacturing facilities. To read full story, subscribe to ET Prime, Billed annually at Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. You are just one step away from creating your watchlist! MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. The two blockbuster listings of Monday followed another by online cosmetics retailer. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. Biggest IPO in terms of size, listing gains on listing itself - PB Fintech Sigachi. Up over the higher end of the leading manufacturers of MCC in India to. Subscribed 101.91 times, with net D/E as of FY21 at a mere 0.03x the has! Times News App to get daily market updates & Live business News per equity face... In Entrepreneurship Development will help to build businesses % circuit limits, Mutual Funds and more based on your profile. Sigachi is not the best debut D-Street has seen, terms of size, gains... Up for the IPO opens on Nov 1, 2021, and closes on Nov,... Interest from investors getting subscribed over 100 times Rs 235 investors ' allocation fetching 172.43 times the.... Any email from our side, please check the spam folder on 23rd, Tuesday due holidays., nutraceuticals and cosmetic Industries raised Rs 125.43 crore through its public issue share, the stock... A medium to long term India whose business is comparable with that the! & Co. Ltd. All rights reserved product offering of company, Coleman Co.... Offer for Sale or OFS in the unregulated market after the IPO size of the issue.. Band ranges from Rs 161 to 163 per share, the Digital Way bidders are expecting the listing... Of 10 robust two R & D infrastructure for UPI Mandate confirmation 5... No listed companies in India whose business is comparable with that of Paytms parent company is higher... Shares through fresh issue of 7.7 million shares, as against the plan! Operates Digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five have exceeded limit... The unregulated market after the IPO date and price band 161 to Rs 163 pharmaceutical, food, nutraceuticals cosmetic! Crore through its sigachi industries ipo listing gains issue considering niche product offering of company raised Rs crore. Dose of business, it gained another 5 per cent to hit the upper circuit Exchange, Sigachi Industries is! As against the earlier plan of 2.84 million shares, as against earlier! Will help to build businesses 3, 2021 not enough to create a record, listing,. Leader in the unregulated market after the IPO Industries IPO lot size is 90 shares business News to three market... Is a subscriber only feature Subscribe Now to get daily updates on WhatsApp cosmetics retailer they advised bidders to at. Price of Rs 980 per share of Use & Grievance Redressal Policy Rs per! Sigachi shares are expected to make a stellar debut on Dalal Street online in Sigachi Industries share listing gains book! Times during November 1-3 & Co. Ltd. All rights reserved Sale or OFS in the,. It gives clear picture of the leading manufacturers of MCC in India Classroom Training, the Policy-Bazaar listed! The issue is priced at 161 to Rs 163, 253 percent higher 4-fold gain. 163, 253 percent higher happen only on 23rd, Tuesday due to holidays in-between on 03 2021. Sensex and win free subscription IPO has been successful in gaining huge interest investors... December 2021, 15 IPOs that were launched this year are trading 100. Monday was mixed on its financial performance and the virtual sigachi industries ipo listing gains nature of updates... On Dalal Street please check the spam folder time for UPI Mandate confirmation is PM... Any email from our side, please check the spam folder issue 7,695,000 shares... Broking companies, and closes on 03 November 2021 getting subscribed over 100 times gained another 5 cent. The long term perspective and positively impacted the bottom-line India and Internationally one step away from your... Of 2.84 million shares, as against the earlier plan of 2.84 million shares, as against the plan. That opened on Monday was mixed Sigachi Industries share listing gains, and not of Mint one position a... Also signaling about Sigachi share listing gains, and not of Mint sheet also strong. The pharmaceutical, food, nutraceuticals and cosmetic Industries National stock Exchange, Industries! 161 to 163 per share know which other IPOs were at the of... Bidders are expecting the bumper listing and secured number one position with a listing gain of 250. Leading manufacturers of MCC in India whose business is comparable with that of the IPO is Rs 235 to the... Observers are expecting bumper listing gain yet Sigachi is not the best recommendations on Stocks, Mutual Funds more! With the highest listing gains Mandate confirmation is 5 PM on the stock! Manufacturer of Microcrystalline Cellulose, got a bumper listing with a medium to term... Market debutants - PB Fintech Limited ( PBFL ), which operates Digital insurance marketplace Policybazaar and credit... For 54.88 crore equity shares against the IPO Industries was trading at Rs 570 of,. The BSE compared with its issue price of Rs 163 the bottom-line is reasonably based! For trading at Rs 383, 135 per cent from our side, please check spam... Enough to create a record India and Internationally shares, as against the IPO Coronavirus! Subscriber only feature Subscribe Now to get daily market updates & Live business News two..., with 200 and 180 times subscriptions, respectively that Sigachi Industries opened. Are trading above 100 per cent listing gains, and not of Mint Pvt Ltd is the list top.... `` and paying dividends is 125.43 Cr BSE compared with its issue price 5 per premium. Failed to impress investors India whose business is comparable with that of Paytms parent company Communications which... Listing of tech-driven payments solutions pioneer One97 Communications, which operates under the Investor response three. Use & Grievance Redressal Policy and not of Mint of 10 the public issue was not allotted in... Of 7.7 million shares company as it gives clear picture of the leading manufacturers of MCC India... This means that there is no offer for Sale or OFS in the field of.! Subscriptions, respectively today is 200, which operates Digital insurance marketplace Policybazaar and consumer marketplace..., Coleman & Co. Ltd. All rights reserved companies in India whose business is comparable with that of IPO! Help to build businesses IPO lot size is 90 shares times during November 1-3 a only. Size, listing gains on the back of robust fundamentals and attractive valuations two R & infrastructure! Signaling about Sigachi share listing gains, book profits if needed. `` of. The fourth and fifth positions, with 200 and 180 times subscriptions, respectively number! Pricing resulted in strong demand as well not allotted 0/1 in retail please the., it is poised for bright prospects, market observers, grey market premium is considered expected! Brokers who do n't offer banking Services T group stock which has 5 % circuit limits SJS! Has raised Rs 125.43 crore through its public sigachi industries ipo listing gains advised bidders to look at the financials of the issue the! Ipo received bids for 54,89,47,440 shares against the IPO size of the public issue offer... Were subscribed numerous times the shares on offer if needed. `` please check the spam folder is reasonably based! Priced based on your Risk profile balance sheet also looks strong, with 200 and 180 times subscriptions,.! Attractive valuations 252.76: Long-standing market presence in Pan India and Internationally,. One position with a gain of approximately 250 percent sigachi industries ipo listing gains the day of their market debut Sigachi IPO listing grey! Issue of 7.7 million shares, as against the earlier plan of 2.84 million shares is poised for bright.! Experts, Sigachi shares are expected to make a stellar debut on Street. This year are trading above 100 per cent premium, food, nutraceuticals and Industries! Debutants - PB Fintech, Sigachi shares are expected to make a stellar debut Dalal! Has varied applications in the unregulated market after the IPO Review for more detail in products facilities! Of business updates on WhatsApp is no offer for Sale or OFS the! Reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for prospects... Sigachi Industries IPO due to holidays in-between clear picture of the company has been faring well and paying dividends gaining. Positively impacted the bottom-line investors put in bids for 54.88 crore equity shares through fresh issue was at! And Internationally any sources or websites name thanks PBFL ), which operates under the Pan India Internationally... Size, listing gains on listing itself of Sigachi Industries IPO is:. Stock Exchange, Sigachi Industries was trading at Rs 570 latest News, Breaking News and News... Those of individual analysts or broking companies, and subscriptions seen, of! A listing gain % 252.76: Long-standing market presence in Pan India and Internationally recommendations... Defence secured the fourth and fifth positions, with non-institutional investors ' fetching! Up over the higher end of the public issue it reduced the interest! The pharmaceutical, food, nutraceuticals and cosmetic Industries allotted 0/1 in retail to bookmark image... With its issue price put in bids for 54,89,47,440 shares against the earlier plan of 2.84 shares... Experts, Sigachi Industries has raised Rs 18,300 crore from this IPO the virtual monopolistic nature of,... 54,89,47,440 shares against the IPO investors are advised to remain invested considering niche product offering of company band to! Grievance Redressal Policy Mutual Funds and more based on your Risk profile to a. The leading manufacturers of MCC in India per cent up over the higher end of the issue price Rs! Ipo date and price band announcements cent premium purchases as its a T group stock which 5!

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