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. Receive the latest and trending news alerts on the go. 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. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. This makes it one of the biggest gainers on listing in the history of the Indian markets. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Investors may consider an investment with a medium to long term perspective. Remove some to bookmark this image. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. 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. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. Tuesday, 21 February 2023. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. Download the Mint app and read premium stories. Email: [email protected] ", 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. As per the market observers, grey market premium is considered as expected listing gain from the public issue. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. On top of that, it gained another 5 per cent to hit the upper circuit. Copyright 2023 Outlook Publishing India Pvt. Listing Date: Nov 15, 2021. 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 . Copyright HT Digital Streams Limited All rights reserved. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. But the IPO by Paytm failed to impress investors. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. 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. It'll just take a moment. The shares will list on 15th November 2021. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. ET Now Digital. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . 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. 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. 15 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. Strategically located, multi-locational manufacturing facilities. They said that grey market premium is an unofficial data and one should not rely on it too much. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. They have their supply chain in the world with a customer base across the globe. 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. In case you cant find any email from our side, please check the spam folder. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. 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 . 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. Long-standing market presence in Pan India and Internationally. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. Long-term relationships with customers in diverse industry verticals. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. 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. Finalization of Basis of Allotment: Nov 10, 2021. (2.) Oops! Copyright HT Digital Streams Limited All rights reserved. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. Guys I read some where that results is on 25 November. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 2499 1749, Monthly As Sigachi IPO GMP today is Rs 230, it simply means that grey market is expecting that the public issue would list at around Rs 393 i.e Rs 163 + Rs 230), which is around 140 per cent higher from its price band of Rs 161 to Rs 163 per equity share. Phone: +91 040 4011 4874 It'll just take a moment. They also recommended partial profit-booking and to hold the remaining shares for the long term. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. . 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 :(. 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. The price band ranges from Rs 161 to Rs 163. Predict the closing value of sensex and win free subscription. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." @LV: in sigachi it would be good if you could have bought at pre-open. The issue is priced at 161 to 163 per share. Explore. In fact grey market is also signaling about Sigachi share listing gains. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. Follow us on Facebook, Twitter and Telegram. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. Sigachi Industries Share Listing Gains on NSE, BSE. Now Sigachi is going in LC, I did not buy when it was 600+. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. 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. Bid/Offer Closes On: Nov 3, 2021. 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. You are now subscribed to our newsletters. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. Sign in e-paper. Flat 10 Per Trade, Free Eq Delivery Trades @lokes, thank you so much for your suggestion, your view was right. Flat 20 Per Trade in F&O, Free Equity Delivery CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. 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. Mumbai: Investor response to three stock market debutants - PB Fintech. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. Bigshare Services Pvt Ltd is the registrar for the IPO. The minimum order quantity is 90 Shares. Forgot to add another important thing. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. UPI IPO application is offered by brokers who don't offer banking services. 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. If you . 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. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. Looks like you have exceeded the limit to bookmark the image. The company has been faring well and paying dividends. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. 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. brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. 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. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. Website: https://sigachi.com/, Bigshare Services Pvt Ltd 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. 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%). 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