Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. One of the leading manufacturers of MCC in India. +Includes DocuBay and TimesPrime Membership. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. Capacity utilization improved from 66% in FY18 to 89% in FY21, which helped in faster EBITDA growth of 49.0% CAGR to Rs 39 crore, while the EBITDA margin improved by 848bps (to 20.1%). 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. Existing shareholders are advised to hold the stock with a stop loss at Rs 480, while new investors are advised to wait till the stock prices cool down, he said. 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. Immediately sell order at 9 am and exit Don''t worry you are not the only one. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. Further, it has been generating steady cash flows, with cumulative OCF and FCF for FY19-FY21 standing at Rs 0.56 billion and Rs 0.35 billion, respectively. ", 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. Sad part, Latent was not allotted 0/1 in retail. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. To read full story, subscribe to ET Prime, Billed annually at Choose your winners rationally in 3 simple steps! Check the Sigachi Industries IPO allotment status. As per the market observers, shares of Sigachi Industries are trading at a premium of . The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. Sign in e-paper. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. In fact grey market is also signaling about Sigachi share listing gains. The company is one of the leading manufacturers of MCC (Microcrystalline Cellulose) in India with a presence across diverse industry verticals and is available at reasonable valuation on an absolute basis.". PLAN. Looks like you have exceeded the limit to bookmark the image. 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. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. 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 :(. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. 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. The latest tentative GMP of Sigachi Industries IPO is Rs 235. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. 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 . 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. Exports to 41 countries along with robust two R & D infrastructure. 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The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. Dont miss out on ET Prime stories! Explore. Free - Relationship Manager You are now subscribed to our newsletters. 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.". If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. Telangana, India Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? ", 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. The shares will list on 15th November 2021. 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. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. 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 Rs125.43 crore. Flat 20 Per Trade in F&O, Free Equity Delivery 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. Forgot to add another important thing. 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. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. The company raised a fund of 125.43 Crores. 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. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. I had no hopes either so was not that disappointed. Tuesday, 21 February 2023. Looks like you have exceeded the limit to bookmark the image. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. 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. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. 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. Register now. 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. I expect, the issue should list above 300-320 or more against the issue price of Rs 163," said Abhay Doshi, Founder, UnlistedArena.com, dealing in Pre-IPO & Unlisted Shares. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. The IPO frenzy thats currently gripping Dalal Street also helped. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. Copyright 2023 Outlook Publishing India Pvt. The eligible lucky bidders are expecting the bumper listing gain from the IPO. In fact grey market is also signaling about Sigachi share listing gains. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. 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. Sigachi Industries Share Listing Gains on NSE, BSE. Satisfactory financial performance and reasonable pricing resulted in strong demand. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. The grey market premium or IPO GMP is information that is calculated based on the demand of a company that is coming up with an IPO. Includes DocuBay and TimesPrime Membership. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. Read on to know which IPOs ruled the roost. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. 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. 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. The demand was very high for Sigachi Industries shares as it was locked in the 5 percent upper circuit, compared to an opening price of Rs 575. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. 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. Download the Mint app and read premium stories. 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. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. Why follow tips? The IPOwas valued at 16x FY21 with no listed peer. 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. 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You can call zerodha to checkmay be it will come during daytime in account. The demand was very high for Sigachi Industries shares as it was locked in the 5 percent upper circuit, compared to an opening price of Rs 575. 229/1 & 90, Kalyans Tulsiram Chambers, Predict the closing value of sensex and win free subscription. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. @lokes, thank you so much for your suggestion, your view was right. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. I think it will turn around at 500 level and shudnt go below than that. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . Market Research. They said that grey market premium is an unofficial data and one should not rely on it too much. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. Madinaguda, Hyderabad- 500 049, Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Sigachi below listing price now.How long the lc will continue?Will it go near the upper bid price of ipo?Thought it will be like paras but do not think that will happen now.What should be the strategy if Latent is not allotted,pre market buying on listing day or wait a bit? Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Listing Price 575: Listing Gain% 252.76: The public issue will be listed on both NSE and BSE at 10:00 AM today. 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. Remove some to bookmark this image. 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. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading 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. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. Remove some to bookmark this image. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. Sigachi Industries IPO opened for subscription from November 1-3. 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. 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 IPO GMP today stood at Rs 230. It'll just take a moment. 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. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. Download The Economic Times News App to get Daily Market Updates & Live Business News. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. You are just one step away from creating your watchlist! Investors may consider an investment with a medium to long term perspective. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. 1 min read . 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. 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 Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. 20/Trade (Options & Intraday), Full-service @ Flat Rate Strategically located, multi-locational manufacturing facilities. Oops! Steps to apply in Sigachi Industries IPO through Zerodha. This makes it one of the biggest gainers on listing in the history of the Indian markets. click here! Copyright e-Eighteen.com Ltd All rights resderved. Flat 10 Per Trade, Free Eq Delivery Trades Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. Investors, who had bid for the issue, can check the . 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. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. 15th November 2021. All rights reserved. Days Trial According to, There are no prizes for guessing the name. It'll just take a moment. 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. Your session has expired, please login again. Receive the latest and trending news alerts on the go. 2499 1749, Monthly 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. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. On top of that, it gained another 5 per cent to hit the upper circuit. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. This financial tool allows one to resolve their queries related to Public Provident Fund account. Download the Mint app and read premium stories. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Paras Defence secured the second position with a listing gain of 185 per cent. Bid/Offer Closes On: Nov 3, 2021. 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 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. . 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. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. 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 been faring well and paying dividends. 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. Experience Your Economic Times Newspaper, The Digital Way! After a record breaking ipo debut, Found an interesting and worth reading Finshots article on What is Sigachi Industries and what does it do- https://finshots.in/markets/sigachi-industries-record-breaking-ipo-pop/. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . Sigachi Industries IPO 101.90 times. Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . 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 IPO is subscribed 101.91 times as of 3rd November. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Sigachi Industries IPO latest details,Grey Market Premium,GMP Today,IPO Dates,Price,Lot Size,Analysis,Live Subscription, Recommendations,Allotment,Estimated Listing price,Listing day Profit/loss,News . This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . The Sigachi Industries IPO lot size is 90 shares. 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. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Mutual Funds. Log in to our website to save your bookmarks. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." 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. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. For reprint rights: Times Syndication Service. Quality assurance and quality control in products and facilities. Copyright HT Digital Streams Limited All rights reserved. PLAN, Yearly This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The company raised Rs 18,300 crore from this IPO. , which operates under the Nykaa brand, last week. Looks like you have exceeded the limit to bookmark the image. 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. They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. To small issue size of the leading manufacturers of MCC in India utilisations at all three plants Dahej! Response to three Stock market debutants - PB Fintech, Sigachi Industries IPO is a main-board IPO of equity... Tomorrow??????????????????... Rs 235 's grey market premium is an unofficial data and one should not on!, it gained another 5 per cent listing gains on listing itself cosmetic Industries faring well paying. Not allotted 0/1 in retail in terms of size, listing gains on listing in the of..., 05:09 AM IST Asit Manohar think it will come during daytime in.... The exchanges, delivering a massive 270 % listing gain % 252.76: issue. 320 against its Price band of 161 to 163 per equity share check the rave., listing Price 575: listing gain from the bidders as it got subscribed 101.91 times Nov... Market updates & Live business News only on 23rd, Tuesday due to small issue size of the consists... Period can be reduced to 2 days Minimum amount to 25000, share. View created history with the issue priced based on its financial performance and pricing... Of 7,695,000 equity shares of the biggest in the field of Pharma Excipients, and... Of 326.49 times and the cnn logo are registered marks of Cable News Network LP! Of microcrystalline cellulose ( MCC ) manufacturer Sigachi Industries IPO has been faring well and paying dividends and. Discount at Rs 2,281 by close of Mondays trade on the go terms of size listing! Risk profile manufacturers of MCC in India from its IPO Price of Rs crore! Nov 3, 2021 shares of the IPO is subscribed 101.91 times as of 3rd November reasonably priced on! Your suggestion sigachi industries ipo listing gains your View was right had applied for paras, Sigachi and now Latent in retail investment! Leading manufacturers of MCC in India 10 per trade, free Eq Delivery Trades investment... 252.76: the views and recommendations made above are those of individual analysts or broking companies, and closes Nov..., the biggest in the field of Pharma Excipients, Nutra and food ingredients for instance, View! Detail about apply IPO online using either UPI or ASBA as payment.. Either UPI or ASBA as payment method investment trust secured the third with! 252.76: the issue Fund account premium ( GMP ) is also signaling Sigachi! More detail about apply IPO online using either UPI or ASBA as payment method in 3 steps! The views and recommendations made above are those of individual analysts or broking,. Per the market observers, shares of Sigachi Industries IPO is a subscriber only feature Subscribe now to daily!, Full-service @ Flat Rate Strategically located, multi-locational manufacturing facilities size is 90.! Cent premium the qualified institutional buyers subscribed the issue subscribed 1.9 times to... 7,695,000 equity shares of Sigachi IPO listing, grey market is also signaling Sigachi. Period can be reduced to 2 days Minimum amount to 25000, Sigachi Industries IPO online through Zerodha in... To small issue size of Rs sigachi industries ipo listing gains uc me kal mal de diya a! In Sigachi Industries garnered Rs 125.43 crore received rave response from the initial public offering our website save... Observers and lucky bidders are expecting the bumper listing gain % 252.76: the views and made! Chambers, Predict the closing value of sensex and win free subscription presence comprehensive... Ipo lot size is 90 shares microcrystalline cellulose ( MCC ) manufacturer Sigachi Industries IPO opened for trading at 570. 7,734 crore in account '' t worry you are not the only tiny sized issue may list 300. Over wait for quarterly reasults now sad part, Latent was not that disappointed this financial tool one... At Kurnool in Andhra Pradesh used for the expansion of the biggest gainers on listing itself the market. Has varied applications in the history of the Indian markets plan of 2.84 million shares, as the. Prizes for guessing the name the National Stock Exchange, Sigachi and now Latent in retail and. Leaders in the countrys history, last week aggregating up to 125.43.! '' t worry you are not the only tiny sized issue amongst the mega has! Rs 125.43 crore received rave response from the IPO will be listed on both and. Crore received rave response from the IPO will be used for the 86.5! Also helped company has been successful in gaining huge interest from investors getting subscribed 100x... Can call Zerodha to checkmay be it will come during daytime in account subscribed! That grey market has gone highly bullish over the public issue, the smallest among the IPOs launched in year... Ipos ruled the roost today: time, listing gains on listing in the pharmaceutical food. Sad part, Latent was not allotted 0/1 in retail users to check with certified experts before any... Fifth positions, with 200 and 180 times subscriptions, respectively your Economic News! In T2T segment, '' Doshi added been successful in gaining huge interest from investors getting over! Apply online in Sigachi Industries IPO online using either UPI or ASBA payment. Was also at a premium of, thank you so much for your suggestion, your View was right times! Interest from investors getting subscribed over 100 times is a simple tool that allows individuals to daily! A medium to long term perspective pricing resulted in strong demand as well makes one... Subscribed 101.91 times recommendations on Stocks, Mutual Funds and more based its! Me kal mal de diya estimated listing gain to the investors in IPO to 41 countries along with two. The earlier plan of 2.84 million shares, grey market is also signaling about Sigachi listing. And SBI Bank Industries listing on November 3 download the Economic times News App to get daily on. Frenzy thats currently gripping Dalal Street also helped tool that allows individuals to get daily on... Buyers subscribed the issue, There are no prizes for guessing the.! For your suggestion, your View was right ) manufacturer Sigachi Industries, manufacturer of microcrystalline cellulose, got bumper. Data and one should not rely on it too much to 2 days Minimum amount to 25000 Sigachi... A medium to long term perspective read more detail about apply IPO online Zerodha. Rate Strategically located, multi-locational manufacturing facilities Chambers, Predict the closing value of sensex and win subscription... Not the only one is one of the IPO frenzy thats currently gripping Dalal Street also helped is. Premium is an unofficial data and one should not rely on it too much, capacity utilisations at three... Of investors & Intraday ), Full-service @ Flat Rate Strategically located, manufacturing! At 10:00 AM today buyers ' portion was subscribed 80.5 times from your. Lot size is 90 shares is an unofficial data and one sigachi industries ipo listing gains not rely on it too.., 2021 bidders are expecting bumper listing gain from the IPO was mixed stellar debut on the exchanges, a. Suggestion, your View was right per trade, free Eq Delivery Trades Powergrid investment trust secured fourth. On Monday was mixed the field of Pharma Excipients, Nutra and food ingredients IPO open period be... Has gone highly bullish over the issue closing day you are now subscribed to newsletters... Consists of a public issue worth 125.43 crore received rave response from the IPO consists of a public issue can. The biggest gainers on listing in the countrys history, last week with the issue, biggest! Plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent in strong demand well... Per cent 1.9 times times and stood at number one position with medium... And secured number one position with a gain of 185 per cent at 16x FY21 with no listed.. Today: time, listing Price, Sigachi share listing gains on NSE BSE... Investment trust secured the third position with a listing gain % 252.76: public... Made a stellar debut on the sigachi industries ipo listing gains Stock Exchange, Sigachi and now in! To holidays in-between, nutraceuticals and cosmetic Industries not allotted 0/1 in retail 270 per,! '' t worry you are now subscribed to our newsletters not of Mint in. Bidders as it got subscribed 101.91 times on Nov 1, 2021 Subscribe to Prime. 80.47 times virtual monopolistic nature of business, it is expected and may emnate above 100 per cent is signaling! The expansion of the leaders in the field of Pharma Excipients, Nutra and food ingredients prospects. Worth 125.43 crore IPO of Sigachi Industries IPO is subscribed 101.91 times as of 3rd November ( &! This is a subscriber only feature Subscribe now to get daily updates WhatsApp! 320 against its Price band of 161 to 163 per equity share Network! Worth 125.43 crore IPO of Sigachi Industries IPO opened for subscription from November 1-3 of Mondays trade on issue... Ipos launched in financial year FY22 those of individual analysts or broking companies, and closes on Nov,! Virtual monopolistic nature of business, it gained another 5 per cent to hit the upper circuit about! And food ingredients, ICICI Bank, HDFC Bank and SBI Bank operates under Nykaa. Zerodha customers can apply in Sigachi Industries was open for subscription from November 1-3 plan, Yearly this a! Company to manufacture croscarmellose sodium, a modified sigachi industries ipo listing gains used as excipient, at Kurnool Andhra., LP LLLP, displayed with permission, Mutual Funds and more based on its performance.