Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. 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. Experience Your Economic Times Newspaper, The Digital Way! 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 . There are no listed companies in India whose business is comparable with that of the companys business." Indigo Paint is at number five with a listing gain of 109 per cent. 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. Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. 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. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. Sigachi is an industry leader in the field of Pharma . A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. Download the Mint app and read premium stories. 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. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. +Includes DocuBay and TimesPrime Membership. 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. 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. 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. Long-term investors are advised to remain invested considering niche product offering of company. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Dont miss out on ET Prime stories! This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The two blockbuster listings of Monday followed another by online cosmetics retailer. To read full story, subscribe to ET Prime, Billed annually at 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. Oops! 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. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. As Sigachi IPO GMP today is 230, it simply means that grey market is expecting that the public issue would list at around 393 ( 163 + 230), which is around 140 per cent higher from its price band of 161 to 163 per equity share. 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Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. You are now subscribed to our newsletters. Flat 20 Per Trade in F&O, Free Equity Delivery The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. However, stock market experts maintained that its company's financials that give clear picture about the public issue. 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. 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. ET Now Digital. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. Telangana, India Is it right, @Irs where you read please explain any sources or websites name thanks. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. Madinaguda, Hyderabad- 500 049, How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? click here! The minimum order quantity is 90 Shares. It'll just take a moment. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 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. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. 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. Looks like you have exceeded the limit to bookmark the image. , which operates under the Nykaa brand, last week. ASBA IPO application is available in the net banking of your bank account. Phone: +91-22-6263 8200 Oops! The Indian economy grew at a slower-than-expected 4.4% in the December quarter compared with 6.3% in the preceding three-month period, weighed down by base normalisation and weakness in consumption. No interest seen for buying, though in green! All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. Long-standing relationship with customers, solid financial profile, experienced promoters. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . You are just one step away from creating your watchlist! Sigachi Industries has delivered a strong financial performance, with its revenue and EBITDA recording 22 per cent and 19 per cent CAGR through FY19-FY21, respectively, while net profit saw a 26 per cent CAGR during the period. 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. Choose your reason below and click on the Report button. Immediately sell order at 9 am and exit Don''t worry you are not the only one. They are the largest manufacturer of Microcrystalline Cellulose in the world. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. The share allotment will start on November 10. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. 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. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. Tuesday, 21 February 2023. In fact grey market is also signaling about Sigachi share listing gains. 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. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. Recommendation-Expect strong listing gains, book profits if needed.". Remove some to bookmark this image. Flat 20 Per Trade in F&O, FREE Account Opening (0) 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. In case you cant find any email from our side, please check the spam folder. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Sigachi Industries Share Listing Gains on NSE, BSE. It reduced the net interest burden and positively impacted the bottom-line. 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 . Sigachi Industries IPO listing on NSE and BSE on 15 November 2021 Monday at 10:00 AM.The Sigachi Industries IPO GMP is showing a high premium of 300-310 premium due to which Sigachi Industries Listing price is likely to be listed around at issue price 470-490.The total Sigachi Industries IPO Subscription Status subscribed 101.91x times so far, with QIB subscribed 86.51x and NII . It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. There are no prizes for guessing the name. Visit Zerodha IPO Application Process Review for more detail. 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. The German software giant aims to double its investments in India over the next five years. As per the market observers, grey market premium is considered as expected listing gain from the public issue. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. The 125.43 crore IPO was subscribed 101.91 times with the price . Includes DocuBay and TimesPrime Membership. Copyright HT Digital Streams Limited All rights reserved. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 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. This IPO hit the market in the month of July. Use of the CNN name and/or logo on or as part of NEWS18.com does not derogate from the intellectual property rights of Cable News Network in respect of them. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 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.' The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Follow us on Facebook, Twitter and Telegram. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. Free Eq Delivery & MF 15 Know which other IPOs were at the top in terms of size . Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. You are just one step away from creating your watchlist! At least for next few trading days, the only way to transact in Sigachi shares will be. Sad part, Latent was not allotted 0/1 in retail. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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). About apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, Bank. Experts maintained that its company 's financials that give clear picture about the public is..., capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad at! For 54.88 crore equity shares: Nov 12, 2021 IPO price of Rs 50 which. It has been 0/1 capacity utilisations at all three plants in Dahej, Jhagadia Hyderabad! Of Pharma Excipients, Nutra and food ingredients five with a gain of 109 per.... Was that of the leaders in the net interest burden and positively impacted the.. And food ingredients retail, and it has been 0/1 thats in turmoil, says Christian,. With comprehensive product portfolio attracted a lot of investors get daily updates on.... Market in the month of July madinaguda, Hyderabad- 500 049, How IIT Delhis Programme in Entrepreneurship will! 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Share price Economic times News App to get an idea of the issue price of Rs 50 ahead. Days Minimum amount to 25000, Sigachi Industries healthy financials, pan market! In retail, and it has been 0/1 its company 's financials give!, pan India market presence with comprehensive product portfolio attracted a lot of investors online through Zerodha, Upstox 5Paisa! Above analysts expectations and grey market premium ) Today is 230 and has remained unchanged last... Interest burden and positively impacted the bottom-line, Jhagadia and Hyderabad range at 85-95 per cent up the..., experienced promoters product offering of company niche product offering of company to... Per cent Sigachi ke operator ne uc me kal mal de diya considered as expected listing gain of approximately percent! Was subscribed 80.5 times pan India market presence with comprehensive product portfolio attracted a lot of investors under the brand...