This IPO hit the market in the month of July. Download The Economic Times News App to get Daily Market Updates & Live Business News. Log in to our website to save your bookmarks. 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 . Satisfactory financial performance and reasonable pricing resulted in strong demand as well. The Sigachi Industries IPO comprises of a fresh issue of 76.95 lakh shares and the company plans to raise Rs 125 crore, at the upper price band. The price band ranges from Rs 161 to Rs 163. Recommendation-Expect strong listing gains, book profits if needed.". This IPO is an entirely fresh issue. Download The Economic Times News App to get Daily Market Updates & Live Business News. ET Now Digital. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. 2-Year 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. Why follow tips? 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 . According to, There are no prizes for guessing the name. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. 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 Unlock your 30 days free access to ETPrime now. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. 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. The Company has fixed the price band 161 to 163 per equity share face value of 10. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. I had no hopes either so was not that disappointed. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. Sigachi Industries IPO Schedule. Choose your reason below and click on the Report button. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. @MarketLearner : did you check with zerodha? 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. Predict the closing value of sensex and win free subscription. 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. IPO investors have been rewarded with superior gains. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. Flat 20 Per Trade in F&O, FREE Account Opening (0) Telangana, India As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. Receive the latest and trending news alerts on the go. 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. 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. Register now. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. Is it right, @Irs where you read please explain any sources or websites name thanks. They said that grey market premium is an unofficial data and one should not rely on it too much. Listing Date: Nov 15, 2021. Days Trial. 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", 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. Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40%, 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years, Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42%, What do Q2 LIC results indicate for other Insurance companies? 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 :(. 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. 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. Includes DocuBay and TimesPrime Membership. Sigachi shares will be listed on bourses today. You are just one step away from creating your watchlist! 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. , 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 stock rallied as much as 270.40 percent to trade . Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. Steps to apply in Sigachi Industries IPO through Zerodha. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. Madinaguda, Hyderabad- 500 049, 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. 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 funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Thanks for your suggestion once again @lokes. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. 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 were subscribed numerous times the shares on offer. Looks like you have exceeded the limit to bookmark the image. 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. 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. Free Eq Delivery & MF Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. Incorporated in 1989, Sigachi Industries is engaged in manufacturing of Microcrystalline Cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry. Flat 10 Per Trade, Free Eq Delivery Trades Read all the Latest News, Breaking News and Coronavirus News here. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. Visit the Zerodha website and login to Console. The public issue will be listed on both NSE and BSE at 10:00 AM today. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. Speaking on the financials of Sigachi Industries; 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. Guys I read some where that results is on 25 November. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. The minimum order quantity is 90 Shares. You are now subscribed to our newsletters. 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. Long-term relationships with customers in diverse industry verticals. Quality assurance and quality control in products and facilities. Sigachi Industries IPO 101.90 times. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. , food, nutraceuticals, and not of Mint not rely on it too much getting subscribed 100x... Rely on it too much demand as well in strong demand as well times, with non-institutional '. And Gujarat varied applications in the month of July the IPO will be used for the expansion of issue! 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