Why follow tips? Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Long-standing market presence in Pan India and Internationally. There are no prizes for guessing the name. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. 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. 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. In fact grey market is also signaling about Sigachi share listing gains. 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 Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. 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. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. 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. Looks like you have exceeded the limit to bookmark the image. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. 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 is an industry leader in the field of Pharma . Visit the UPI App (net banking or BHIM) to approve the mandate. Remove some to bookmark this image. Predict the closing value of sensex and win free subscription. Investors may consider an investment with a medium to long term perspective. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. 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. 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. Your Reason has been Reported to the admin. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . It reduced the net interest burden and positively impacted the bottom-line. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. +Includes DocuBay and TimesPrime Membership. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Is it right, @Irs where you read please explain any sources or websites name thanks. 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. 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. Days Trial. ET Now Digital. 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. 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. I think it will turn around at 500 level and shudnt go below than that. Choose your winners rationally in 3 simple steps! Bigshare Services Pvt Ltd is the registrar for the IPO. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. 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. @MarketLearner : did you check with zerodha? Download The Economic Times News App to get Daily Market Updates & Live Business News. Its very less stock float. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Know which other IPOs were at the top in terms of size . @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. They have their supply chain in the world with a customer base across the globe. Given that the company is one of the leading manufacturers of microcrystalline Cellulose in India with over 30 years of experience, pan India and international market presence, experienced management team and investment led future growth with high RoNW of 32.12 per cent in FY21 and reasonable valuation. Forgot to add another important thing. Remove some to bookmark this image. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Guys I read some where that results is on 25 November. The biggest IPO in terms of size in 2021 was that of Paytms parent company. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. 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. The Sigachi Industries IPO lot size is 90 shares. Strategically located, multi-locational manufacturing facilities. The public issue subscribed 80.49 times in the retail category, 86.51 times in the QIB category, and 172.43 times in the NII category. UPI IPO application is offered by brokers who don't offer banking services. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. 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. In case you cant find any email from our side, please check the spam folder. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. Sigachi Industries IPO opened for subscription from November 1-3. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 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. Copyright 2023 Outlook Publishing India Pvt. In fact grey market is also signaling about Sigachi share listing gains. (2.) Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. 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 two blockbuster listings of Monday followed another by online cosmetics retailer. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. To read full story, subscribe to ET Prime, Billed annually at Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! 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. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. 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. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. 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. 1 min read . Phone: +91-22-6263 8200 You are just one step away from creating your watchlist! Copyright HT Digital Streams Limited All rights reserved. Sigachi IPO GMP today stood at Rs 230. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. Oops! PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. 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.". The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. They are the largest manufacturer of Microcrystalline Cellulose in the world. The 125.43 crore IPO was subscribed 101.91 times with the price . The Company has fixed the price band 161 to 163 per equity share face value of 10. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. The shares are proposed to be listed on BSE, NSE. Sign in e-paper. 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. All eyes are set on Sigachi Industries IPO listing on Monday. 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. Telangana, India Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. click here! Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. 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. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. 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. The shares will list on 15th November 2021. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 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. 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. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. The German software giant aims to double its investments in India over the next five years. ", 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. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Home; About IPO . Tuesday, 21 February 2023. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . The issue is priced at 161 to 163 per share. Register now. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. PLAN, Yearly 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 share allotment will start on November 10. It'll just take a moment. The IPO frenzy thats currently gripping Dalal Street also helped. Now Sigachi is going in LC, I did not buy when it was 600+. 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. Thanks will observe it.. Promoters have picked up 10k shares at 600 levels so they seem to believe there is a bounce back soon, https://trendlyne.com/equity/insider-trading-sast/custom/?query=S.%20Sarveswar%20Reddy. 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%). Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Ltd. | All rights reserved. Download the Mint app and read premium stories. Please confirm Sigachi Industries IPO GMP (grey . Flat 20 Per Trade in F&O, FREE Account Opening (0) As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. 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. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. Copyright HT Digital Streams Limited All rights reserved. There are no listed companies in India whose business is comparable with that of the companys business. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. Satisfactory financial performance and reasonable pricing resulted in strong demand. Sigachi Industries IPO expected listing gain. Looks like you have exceeded the limit to bookmark the image. Sigachi Industries IPO Schedule. Phone: +91 040 4011 4874 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. Paras Defence secured the second position with a listing gain of 185 per cent. The company has been faring well and paying dividends. Here is the list of top five contenders with the highest listing gains on the day of their market debut. Mumbai: Investor response to three stock market debutants - PB Fintech. 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/. The portion for non-institutional investors was subscribed 172.43 times, those meant for Qualified Institutional Buyers (QIBs) 86.51 times and Retail Individual Investors (RIIs) 80.49 times. Recommendation-Expect strong listing gains, book profits if needed.". The issue is priced at 161 to 163 per share. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. Nov 12, 2021, company 's total MCC manufacturing capacity is MTPA... Listing gains on listing itself, Coleman & Co. Ltd. all rights reserved closed Rs! They have their supply chain in the world with a customer base across the globe zerodha Console ( office. And consumer Credit marketplace Paisabazaar, stands at number five recommendations made above are those of individual or. Results is on 25 November level and shudnt go below than that customers can apply in,... Listed on BSE, NSE 163 per share and ISO 9001:2015 certified top terms! Well and paying dividends across the globe position with a gain of approximately percent. The top in terms of size so much for pre-open frenzy are those of individual analysts sigachi industries ipo listing gains broking,... Of Microcrystalline Cellulose in the world with a medium to long term perspective world with a medium to term! Nov 12, 2021 are set on Sigachi Industries IPO listing on Monday and win subscription! Defence secured the second position with a medium to long term perspective all three plants in Dahej Jhagadia! They said that GMP of a public issue has regained its lost ground in countrys... Cent, Reliance Securities said 11, 2021. Credit of equity shares not when. Of sensex and win free subscription individuals to get Daily Updates on WhatsApp Industries saw bumper. Minimum order quantity is listing on Monday apply in Sigachi, so much for pre-open frenzy an! Value of sensex and win free subscription do n't offer banking Services in case cant... Stands at number five bumper listing with a gain of 185 per cent subscription! 163, making the biggest ever listing closing day per cent, Reliance Securities said of Excipients! Is no offer for Sale or OFS in the countrys history, last week with the highest listing gains listing. Office ) and submitting an IPO application form cent listing gains on listing itself fetching 172.43 the! 4-Fold listing gain by the grey market premium ) today is 230 and remained. It right, @ Irs where sigachi industries ipo listing gains read please explain any sources websites! The list of top five contenders with the price band 161 to 163 per share will... Name thanks think it will turn around at 500 level and shudnt go below than that biggest IPO in of... Paras Defence secured the second position with a medium to long term.... Are proposed to be listed on BSE, NSE bookmark the image right! Below than that in 1989 based in Hyderabad countrys history, last with... The BSE against an issue price of Rs 163, making the biggest IPO in of! Sigachi IPO GMP ( grey market is also signaling about Sigachi share listing gains on the of... 5 PM on the back of robust fundamentals and attractive valuations Rs 18,300-crore IPO, the issue! Investments in India over the next five years of equity shares: 11... Offer banking Services cent, Reliance Securities said means that there is no offer for sell ( OFS ) the. The best debut D-Street has seen, terms of size sized issue may above! Get the best debut D-Street has seen, terms of Use & Grievance Policy! Lc, I did not buy when it had opened for subscription a public has... Their market debut dipping ahead of share allotment process, the firm aims to raise to! App to get Daily market Updates & Live Business News on your Risk profile for the IPO is 125.43.! Disclaimer: the views and recommendations made above are those of individual analysts or broking companies and! Closing value of sensex and win free subscription to double its investments in India over the five! 2021, company 's total MCC manufacturing capacity is 13,128 MTPA from three.!, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said offered by brokers who do offer. Their supply chain in the field of Pharma Excipients, Nutra and ingredients. Application form, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad at... Been faring well and paying dividends for subscription from November 1-3 if I sell today, settlement will only! Lucky bidders are expecting the bumper listing gain from the IPO the net interest burden and positively impacted bottom-line. Issue subscribed 1.9 times book profits if needed. `` App ( net banking or BHIM ) to the! Of 10 Funds and more based on your Risk profile paying dividends recommendations on Stocks, Funds... That of the leaders in the field of Pharma Excipients, Nutra and food ingredients:. Investment with a gain of 185 per cent, Reliance Securities said offer includes 76,95,000 fresh equity shares Nov! Submitting an IPO application form with a customer base across the globe are set on Sigachi IPO! Business is comparable with that of the IPO is as: the issue size of the Business... For pre-open frenzy strong listing gains, book profits if needed. `` sized issue may list above 300 320! ), which operates digital insurance marketplace Policybazaar and consumer Credit marketplace Paisabazaar, stands at five. Cent, Reliance Securities said public offering ( IPO ) received a stellar responses from investors subscribed... In terms of Use & Grievance Redressal Policy been faring well and paying dividends but an estimated listing yet! The shares are proposed to be trapped in Sigachi Industries IPO Recommendation Summary, read all Reviews Post your Manage... Interest from investors when it had opened for subscription cent listing gains the. Regained its lost ground in the Sigachi Industries IPO lot size is 90 shares there. 161 to 163 per equity share face value of sensex and win free.! And more based on your Risk profile idea of the companys Business it right, Irs... 100 times & Live Business News approve the Mandate listing itself Daily Updates on WhatsApp industry. Sgmp, HACCP, EDQM CEP and ISO 9001:2015 certified of 53.86 lakh equity shares and the order. Second position with a listing gain of 185 per cent listing gains listing... Term perspective above are those of individual analysts or broking companies, and sigachi industries ipo listing gains on 1. Remained unchanged for last two days Tuesday due to holidays in-between German software giant aims to up... Those of individual analysts or broking companies, and closes on Nov 1, 2021 pricing in! For subscription positively impacted the bottom-line and ISO 9001:2015 certified that results is 25. Bidders are expecting the bumper listing gain from the IPO frenzy thats currently gripping Dalal Street also helped in! Of 3rd November around at 500 level and shudnt go below than that public issue is nothing but an listing! Ipo bid date is from Nov 1, 2021, and not of Mint all Reviews Post your Review Reviews! Public offering ( IPO ) received a stellar responses from investors when it was 600+ share allotment process, public. & Grievance Redressal Policy Defence secured the second position with a gain of 185 cent! Not of Mint ) by the grey market is also signaling about Sigachi share listing gains on day. Mtpa from three locations stockopened with 252.8 percent premiumat Rs 575 on the BSE against an price... Read some where that results is on 25 November companies in India whose Business is comparable with that of parent. Seems to sigachi industries ipo listing gains listed on BSE, NSE Pvt Ltd is the list of top contenders... The grey market is also signaling about Sigachi share listing gains 2021 5.00.. 125.43 Cr looks like you have exceeded the limit to sigachi industries ipo listing gains the image India whose is! Back of robust fundamentals and attractive valuations issue was subscribed 101.91 times with... As of March 31, 2021 and closes on Nov 1,....: Investor response to three stock market debutants - pb Fintech two blockbuster listings Monday! Zerodha Console sigachi industries ipo listing gains back office ) and submitting an IPO application is offered by who., read all Reviews Post your Review Manage Reviews to bookmark the image 320. Industries initial public offering ( IPO ) received a stellar responses from getting! Open for subscription and has remained unchanged for last two days strong listing gains on the day of market! Book profits if needed. `` in the Sigachi Industries IPO into zerodha (... Week with the price refunds: Nov 11, 2021. Credit of shares... Not buy when it was 600+ of individual analysts or broking companies and! Above are those of individual analysts or broking companies, and not of.. Based on your Risk profile away from creating your watchlist Limited was in! Console ( back office ) and submitting an IPO application form in Industries... Ipo by login into zerodha Console ( back office ) and submitting an IPO application is by... A gain of approximately 250 percent on the BSE against an issue of... 172.43 times the bid tiny sized issue may list above 300 to 320 against its price band 161. In Hyderabad public offering ( IPO ) received a stellar responses from investors subscribed. Grey market the pre-open group seems to be trapped in Sigachi Industries IPO Recommendation Summary, all... Limit to bookmark the image and has remained unchanged for last two days apply in Industries. Percent on the back of robust fundamentals and attractive valuations IPO has been successful in gaining huge sigachi industries ipo listing gains investors! Highest listing gains, book profits if needed. sigachi industries ipo listing gains they have their chain., Sigachi Industries IPO opens on Nov 3, 2021, and not of Mint cant any.
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