Know which other IPOs were at the top in terms of size . 2-Year Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. Immediately sell order at 9 am and exit Don''t worry you are not the only one. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. 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. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Your session has expired, please login again. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. Long-term relationships with customers in diverse industry verticals. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. I had no hopes either so was not that disappointed. 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. 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.' Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. Check the Sigachi Industries IPO allotment status. Echoing with Abhay Doshi's views; Ravi Singhal, Vice Chairman at GCL Securities said, "I am expecting dream debut for Sigachi Industries shares today at Indian stock market as Sigachi shares may list in the range of 480 to 540, delivering around 200 per cent listing gain to the lucky bidders. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. 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. Download the Mint app and read premium stories. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. 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 . Due to small issue size it is expected that the company will list in T2T segment," Doshi added. You are just one step away from creating your watchlist! The company raised Rs 18,300 crore from this IPO. The stock rallied as much as 270.40 percent to trade . MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. Investors, who had bid for the issue, can check the . 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! Remove some to bookmark this image. Here is the list of top five contenders with the highest listing gains on the day of their market debut. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Oops! Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. 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. On top of that, it gained another 5 per cent to hit the upper circuit. 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 IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. A Time Warner Company. 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. Even for investors who failed to get Sigachi shares during allotment, Singhal advised to buy the counter at current levels for a one-month target of Rs 888, maintaining strict stop loss at Rs 530. On Monday, the stock one of the leading payments banks in India closed over 5% down at Rs 516, a discount of more than 10% to the offer price. Dont miss out on ET Prime stories! Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Ltd. | All rights reserved. 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 :(. Free Eq Delivery & MF Listing Price 575: Listing Gain% 252.76: The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. For reprint rights: Times Syndication Service. In case you cant find any email from our side, please check the spam folder. ", Speaking on Sigachi Industries share listing gain; Manoj Dalmia, Founder & Director at Proficient Equities Limited said, "Sigachi shares may list around 400 per share levels delivering premium gains to the lucky bidders to the tune of 140 per cent. Flat 20 Per Trade in F&O, 30 days brokerage free trading Tuesday, 21 February 2023. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. click here! 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. Read all the Latest News, Breaking News and Coronavirus News here. 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, considering the listing premium, short-term investors are advised to book their profits as their capital is almost 3x in 10 to 15 days. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . 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. ASBA IPO application is available in the net banking of your bank account. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Copyright Network18 Media and Investments Ltd 2023. The two blockbuster listings of Monday followed another by online cosmetics retailer. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. Finalization of Basis of Allotment: Nov 10, 2021. . Sigachi Industries Share Listing Gains on NSE, BSE. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 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. 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. Bid/Offer Opens On: Nov 1, 2021. 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. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. Many would like to buy at 450-500 levels.. The German software giant aims to double its investments in India over the next five years. 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. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. Forgot to add another important thing. The company has an in-house R&D division equipped with the necessary facilities to carry out all necessary trials to develop new molecules from concept to commissioning. Paras Defence secured the second position with a listing gain of 185 per cent. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. 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 also recommended partial profit-booking and to hold the remaining shares for the long term. Your Reason has been Reported to the admin. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. Log in to our website to save your bookmarks. Sigachi Industries IPO opened for subscription from November 1-3. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . 20/Trade (Options & Intraday), Full-service @ Flat Rate 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. Includes DocuBay and TimesPrime Membership. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. 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. At least for next few trading days, the only way to transact in Sigachi shares will be. Sign in e-paper. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. 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. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. It opened on 570. 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. The shares will list on 15th November 2021. You are now subscribed to our newsletters. PLAN. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. There are no prizes for guessing the name. 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. 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. You are just one step away from creating your watchlist! Sigachi is an industry leader in the field of Pharma . Mutual Funds. 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. Unlock your 30 days free access to ETPrime now. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. PLAN, Yearly 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. They said that grey market premium is an unofficial data and one should not rely on it too much. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. Copyright HT Digital Streams Limited All rights reserved. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. Investors may consider an investment with a medium to long term perspective. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. 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. . Register now. 229/1 & 90, Kalyans Tulsiram Chambers, Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . 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. Get notified real-time about the topics you like. The 125.43 crore IPO was subscribed 101.91 times with the price . It'll just take a moment. @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. 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. 2499 1749, Monthly Download the Mint app and read premium stories. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. Sigachi Industries IPO Schedule. Sigachi Industries Share Listing Gains on NSE, BSE. Sigachi Industries Limited, headquartered in Hyderabad has submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) for initial public offering (IPO) of 200 Crore on 09 August 2021. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. The latest tentative GMP of Sigachi Industries IPO is Rs 235. 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. Mumbai: Investor response to three stock market debutants - PB Fintech. Sigachi shares will be listed on bourses today. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall.