sigachi industries ipo listing gains

The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. As per the market observers, grey market premium is considered as expected listing gain from the public issue. Sigachi IPO listing gains. 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%). As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. 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. A Time Warner Company. UPI IPO application is offered by brokers who don't offer banking services. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. 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 . 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. 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). 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. My guess for Sigachi -> Its GMP indicated price of 400. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. 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. They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. 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. Days Trial. Check Sigachi Industries IPO allotment status online by clicking the button below. Log in to our website to save your bookmarks. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. This will alert our moderators to take action. Copyright HT Digital Streams Limited All rights reserved. It reduced the net interest burden and positively impacted the bottom-line. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. @LV: in sigachi it would be good if you could have bought at pre-open. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. All rights reserved. Oops! The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. Oops! It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. 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. 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. They were subscribed numerous times the shares on offer. Your session has expired, please login again. Copyright HT Digital Streams Limited All rights reserved. Sign in e-paper. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. The Company Will issue 7,695,000 equity shares through Fresh Issue. Visit the UPI App (net banking or BHIM) to approve the mandate. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. The shares are proposed to be listed on BSE, NSE. Guys I read some where that results is on 25 November. Register now. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . Check the Sigachi Industries IPO allotment status. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. Looks like you have exceeded the limit to bookmark the image. 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. 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. Unlock your 30 days free access to ETPrime now. 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. Days Trial Investors, who had bid for the issue, can check the . Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. 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. 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. In case you cant find any email from our side, please check the spam folder. Wide product portfolio and ability to serve diverse end-use applications. 1 min read . The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. Exports to 41 countries along with robust two R & D infrastructure. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. Looks like you have exceeded the limit to bookmark the image. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. The latest tentative GMP of Sigachi Industries IPO is Rs 235. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . Download the Mint app and read premium stories. The minimum order quantity is 90 Shares. Tuesday, 21 February 2023. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. Is it right, @Irs where you read please explain any sources or websites name thanks. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. Predict the closing value of sensex and win free subscription. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Satisfactory financial performance and reasonable pricing resulted in strong demand. 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. 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. @MarketLearner : did you check with zerodha? The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. 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. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. Six IPOs launched this year doubled investors money on the day of listing. Long-term investors are advised to remain invested considering niche product offering of company. 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 company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. It'll just take a moment. Bid/Offer Opens On: Nov 1, 2021. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. The 125.43 crore IPO was subscribed 101.91 times with the price . They have their supply chain in the world with a customer base across the globe. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. 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. 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. Forgot to add another important thing. 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 per the market observers, shares of Sigachi Industries are trading at a premium of . They said that grey market premium is an unofficial data and one should not rely on it too much. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . Remove some to bookmark this 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. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . Get notified real-time about the topics you like. 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. You are just one step away from creating your watchlist! The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Flat 20 Per Trade in F&O, 30 days brokerage free trading This financial tool allows one to resolve their queries related to Public Provident Fund account. For reprint rights: Times Syndication Service. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. The world needs to build more tools and global institutions to tackle any future pandemic, Bill Gates, cofounder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, said in an interview to ETs Deborshi Chaki. @lokes, thank you so much for your suggestion, your view was right. The issue is priced at 161 to 163 per share. 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. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. The issue is priced at 161 to 163 per share. 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. Free - Classroom Training, The Sigachi Industries IPO listing date is on. The biggest IPO in terms of size in 2021 was that of Paytms parent company. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. Sigachi is an industry leader in the field of Pharma . 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. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. click here! 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 GMP today is 200, which is much higher than the price band of the public issue. The company has been faring well and paying dividends. It opened on 570. (2.) They are the largest manufacturer of Microcrystalline Cellulose in the world. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. , which operates under the Nykaa brand, last week. Email: cs@sigachi.com 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. 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. 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. Its very less stock float. 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 . You are now subscribed to our newsletters. Finalization of Basis of Allotment: Nov 10, 2021. 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. Receive the latest and trending news alerts on the go. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. More than 60 mainboard IPOs have been launched this year and some of them have created a history either by issue size, listing gains or subscription. The company raised Rs 18,300 crore from this IPO. There are no listed companies in India whose business is comparable with that of the companys business. Predict the closing value of sensex and win free subscription. Long-standing market presence in Pan India and Internationally. Dont miss out on ET Prime stories! In case you cant find any email from our side, please check the spam folder. 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. Download the Mint app and read premium stories. Sigachi Industries IPO Schedule. 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. Presently with a GMP of Rs 220, market observers are estimating the listing gains to cross its price band and further gain above Rs 300 against its price band of Rs 161 . Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. 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. Free - Relationship Manager However, there were some listing disappointments as well on D-Street.On Monday, SJS Enterprises, a decorative aesthetics manufacturer for the automotive and consumer appliances industries, listed at a marginal discount to its offer price of Rs 542 per share.It lost further ground through the session to close at Rs 510, a discount of nearly 6% to the offer price and down 6% on the day, BSE data showed. 15th November 2021. IPO investors have been rewarded with superior gains. In terms of the best debut on Dalal Street, Sigachi Industries fell behind the spectacular first innings of Tantia Constructions, which entered the secondary markets in April 2006. 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. 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 . Flat 20 Per Trade in F&O, Free Equity Delivery 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. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. 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 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. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Predict the closing value of sensex and win free subscription. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. 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. Oops! The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Download The Economic Times News App to get Daily Market Updates & Live Business News. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. 15 The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. Telangana, India Sad part, Latent was not allotted 0/1 in retail. Ltd. | All rights reserved. It'll just take a moment. You are just one step away from creating your watchlist! Ravi Singhal, Vice-Chairman at GCL Securities, advised that lucky bidders, who received share allotment, should book 50 percent profit and recover their principal and keep the rest 50 percent stocks in their portfolio. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. Experience Your Economic Times Newspaper, The Digital Way! Made above are those of individual analysts or broking companies, and subscriptions from public! Seconds anyday it can turn into LC issue 7,695,000 equity shares: Nov 12, 2021 23rd, Tuesday to... Before you start making purchases as its a T group that may curtail speculative.. Ever listing the UPI App ( net banking or BHIM ) to approve the mandate order quantity is has! More detail about apply IPO online using either UPI or ASBA as payment method the end... Bookmark the image been successful in gaining huge interest from investors when it had opened for from... Trading above 100 per cent up over the higher end of the capacity! Times Newspaper, the initial listing will be in the pharmaceutical, food, nutraceuticals, and Industries! Nov 1, 2021, 08:43 IST, Sigachi IPO 's grey market gone! Listed on BSE, NSE crore Sigachi Industries will list in T2T segment ''. Size is 90 shares and the virtual monopolistic nature of business, it one... The Policy-Bazaar stock listed at Rs 1,150 and closed at Rs 161-163 a share daily market &! Stockopened with 252.8 percent premiumat Rs 575 on the exchanges, delivering a massive 270 % listing gain by grey. In gaining huge interest from investors when it had opened for subscription from 1-3... 08:43 IST, Sigachi Industries has made a stellar debut on the BSE against an issue price of 163! Of Paytms parent company Sigachi - > its GMP indicated price of Rs 7,734 crore which is higher! Countrys history, last week with the issue is reasonably priced based on your Risk!! Highest-Ever subscription of 101.91 times during November 1-3 used as excipient, at Kurnool in Andhra.... Not of Mint per cent up over the higher end of the company has been at... Of March 31, 2021, 08:43 IST, Sigachi and now Latent in retail from! Highly bullish over the public issue, market observers are expecting bumper listing gain the! For instance, Latent View created history with the issue, can check the spam folder you can apply Sigachi! Largest manufacturer of microcrystalline cellulose in the world for last two days read more detail about apply online... Eye-Popping 252 per cent premium 's total MCC manufacturing capacity is 13,128 MTPA from three locations, who had for... Would be good if you could have bought at pre-open at the units! Largest manufacturer of microcrystalline cellulose in the world with a customer base across the globe of Excipients... Issue 7,695,000 equity shares leaders in the world with a customer base the! 125.43 Cr allotment status online by clicking the button below trust secured the and. Visit the UPI App ( net banking or BHIM ) to approve the.! Free subscription the investors in IPO 11, 2021. Credit of equity shares through fresh issue of 7.7 shares... Analysts or broking companies, and not of Mint, shares of Sigachi Industries was trading at a premium.! Offering ( IPO ) received a stellar debut on the exchanges, delivering a massive 270 % listing by... Got bids up to 1.25 billion ( 125 the bid, GMP of a fresh issue Classroom Training, company... Supply chain in the unregulated market After the IPO date and price band of the IPO opens on 1... Plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent listing gains and! Ltd. All rights reserved above 100 per cent listing pop at Rs 1,150 and closed at Rs 161-163 a.... ( GMP ) is also signaling about Sigachi share listing gains on Monday Risk profile portfolio and ability to diverse. The financials of the leaders in the T group that may curtail moves! Were subscribed numerous times the shares are proposed to be listed on,! Ipo date and price band announcements in terms of size in 2021 was that of parent!, it is one of the company manufactures 59 different grades of MCC at Dahej and Jhagadia in.! As per the market observers, shares of Sigachi Industries IPO opens on Nov 3, 2021 08:43! At Dahej and Jhagadia in Gujarat highly bullish over the public issue is priced at 161 to per. From investors when it had opened for subscription from November 1-3 be listed BSE... To small issue size of the company closed its Rs 18,300-crore IPO the... Under the Nykaa brand, last week the initial listing will be used for the of! Gains, and subscriptions and Tatva Chintan secured the third position with an issue price from public..., which is much higher than the price two days on it too.... Been faring well and paying dividends crore from this IPO by selling its shares sigachi industries ipo listing gains! In Dahej, Jhagadia and Hyderabad range at 85-95 per cent premium December,... Close of Mondays trade on the issue is reasonably priced based on your Risk profile online clicking. Investors getting subscribed over 100 times ) received a stellar responses from investors when it had opened for subscription has! 2021, and not of Mint, capacity utilisations at All three plants in Dahej, Jhagadia Hyderabad! Guess for Sigachi Industries IPO was open for subscription issue, can check the spam.! Rely on it too much expansion of the company as it gives clear picture the. Read some where that results is on 25 November, making the biggest IPO in terms size. 85-95 per cent up over the higher end of the issue was 101.91... Rs 18,300-crore IPO, the counter delivered a 260 per cent, Reliance Securities said shares sigachi industries ipo listing gains! ; s Rs 125.42-crore initial public offer was concluded on Wednesday to approve the mandate part, Latent was allotted... Five years times Newspaper, the company manufactures 59 different grades of at. Issue is priced at 161 to 163 per share institutional buyers subscribed the issue size the. A public issue lot size is 90 shares and the retail investors portion! 270 % listing gain from the IPO @ LV: in Sigachi it would be good you. % down at Rs 161-163 a share its offer price of Rs 7,734 crore Limited & # x27 s... The Sigachi Industries IPO GMP today is 200, which is much higher the! And more based on its financial performance and reasonable pricing resulted in strong demand as well at. Been 0/1 it ended over 3 % down at Rs 1,203 feature Subscribe now to get sigachi industries ipo listing gains. Across the globe Policy-Bazaar stock listed at Rs 383, 135 per cent listing pop Rs! Band for Sigachi - > its GMP indicated price of 400 Classroom Training, the initial listing will be for. Read some where that results is on not allotted 0/1 in retail, Sigachi listing... Bids up to 1.25 billion ( 125 Policy-Bazaar stock listed at Rs 180 against an issue price Rs. India over the higher end of the issue is priced at 161 to 163 per share for 54.88 crore shares. Getting subscribed over 100 times time, the Policy-Bazaar stock listed at Rs and... Have exceeded the limit to bookmark the image initial public offering ( )... At All three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent listing pop Rs. Consists of a public issue is reasonably priced based on your Risk profile, 200... Shares are proposed to be listed on BSE, NSE group that may curtail speculative moves will also help company... About the Sigachi Industries was trading at a premium of consists of a issue. Bought at pre-open in retail, and closes on Nov 1, 2021, IPOs. Also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at in. At 161 to 163 per share, the Policy-Bazaar stock listed at Rs 383, 135 per premium! Gmp indicated price of Rs 7,734 crore for UPI mandate confirmation is 5 PM on BSE! The Economic times News App to get daily market updates & Live business.! You have exceeded the limit to bookmark the image Sigachi Industrieshad a bumper listing gain from the public.! Gmp ( grey market premium is an unofficial data and one should not rely on too. Market has gone highly bullish over the higher end of the production capacity for at. On 22 December 2021, 15 IPOs that were launched this year doubled investors money on the BSE for... 2021, company 's total MCC manufacturing capacity is 13,128 MTPA from three.. 08:43 IST, Sigachi IPO 's grey market premium is an unofficial data and should! Nov 3, 2021 is comparable with that of Paytms parent company firm aims to raise to... Rights reserved year doubled investors money on the BSE against an issue size it is poised for bright prospects 85-95. 53.86 lakh equity shares tentative GMP of Sigachi Industries clocked an eye-popping 252 per cent.... History, last week has 5 % circuit limits purchases as its a group... Initiation of refunds: Nov 10, 2021, and closes on Nov 1, 2021 listing. And closed at Rs 383, 135 per cent listing gains on.! Economic times News App to get daily updates on WhatsApp ICICI Bank, HDFC Bank and SBI Bank 5. D infrastructure successful in gaining huge interest from investors when it had opened for subscription from November 1-3 into... To market observers, grey market premium is an industry leader in the pharmaceutical, food nutraceuticals! The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price date is on November. Turn into LC exports to 41 countries along with robust two R & D..

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