Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. Sigachi IPO GMP today stood at Rs 230. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. The public issue will be listed on both NSE and BSE at 10:00 AM today. 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. You are now subscribed to our newsletters. Unlock your 30 days free access to ETPrime now. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Thanks for your suggestion once again @lokes. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. 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. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. Free - Classroom Training, The Sigachi Industries IPO listing date is on. They also recommended partial profit-booking and to hold the remaining shares for the long term. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. The IPOwas valued at 16x FY21 with no listed peer. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. To read full story, subscribe to ET Prime, Billed annually at Phone: +91-22-6263 8200 Bid/Offer Opens On: Nov 1, 2021. brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. 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. Phone: +91 040 4011 4874 Flat 20 Per Trade in F&O, FREE Account Opening (0) It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. Quarterly earnings too were strong as profit in the quarter ended June 2021 surged 48.4 percent to Rs 8.99 crore and revenue increased 25.5 percent to Rs 54.95 crore YoY. 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. Free - Relationship Manager Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. Investors may consider an investment with a medium to long term perspective. The share allotment will start on November 10. Investors, who had bid for the issue, can check the . Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Oops! Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Satisfactory financial performance and reasonable pricing resulted in strong demand. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. Read all the Latest News, Breaking News and Coronavirus News here. Sigachi Industries IPO opened for subscription from November 1-3. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . 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 per the market observers, shares of Sigachi Industries are trading at a premium of . 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 price band ranges from Rs 161 to Rs 163. They said that grey market premium is an unofficial data and one should not rely on it too much. 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 . 20/Trade (Options & Intraday), Full-service @ Flat Rate You are just one step away from creating your watchlist! Experience Your Economic Times Newspaper, The Digital Way! This makes it one of the biggest gainers on listing in the history of the Indian markets. The stock rallied as much as 270.40 percent to trade at Rs 603.75 against an issue price of Rs 163, at 12:46pm. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." 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. . 15 Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. Sigachi Industries shares are going to list at Indian bourses today. Recommendation-Expect strong listing gains, book profits if needed.". In case you cant find any email from our side, please check the spam folder. 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). Your session has expired, please login again. 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. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. 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. HNI investors portion was subscribed 172.43 times. Sigachi Industries Share Listing Gains on NSE, BSE. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. It'll just take a moment. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Know which other IPOs were at the top in terms of size . Get your daily dose of business updates on WhatsApp. Paras Defence secured the second position with a listing gain of 185 per cent. 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. Tuesday, 21 February 2023. 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. This will alert our moderators to take action. 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 grey market starts unofficially in the unregulated market after the IPO date and price band announcements. 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. Forgot to add another important thing. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. Predict the closing value of sensex and win free subscription. Dont miss out on ET Prime stories! @lokes, thank you so much for your suggestion, your view was right. Sigachi Industries IPO 101.90 times. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. 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. The Company has fixed the price band 161 to 163 per equity share face value of 10. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Six IPOs launched this year doubled investors money on the day of listing. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. 2-Year The eligible lucky bidders are expecting the bumper listing gain from the IPO. Sign in e-paper. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. This financial tool allows one to resolve their queries related to Public Provident Fund account. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. 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. In case you cant find any email from our side, please check the spam folder. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. For reprint rights: Times Syndication Service. 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. 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. 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. 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 :(. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . However, stock market experts maintained that its company's financials that give clear picture about the public issue. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. 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.". CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. All rights reserved. Flat 10 Per Trade, Free Eq Delivery Trades Sigachi shares will be listed on bourses today. Looks like you have exceeded the limit to bookmark the image. You are now subscribed to our newsletters. Bid/Offer Closes On: Nov 3, 2021. (2.) 229/1 & 90, Kalyans Tulsiram Chambers, The issue is priced at 161 to 163 per share. Please confirm Sigachi Industries IPO GMP (grey . But even that was not enough to create a record. Check Sigachi Industries IPO allotment status online by clicking the button below. 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. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. 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. ASBA IPO application is available in the net banking of your bank account. Get notified real-time about the topics you like. Is it right, @Irs where you read please explain any sources or websites name thanks. It was not the bigger and well-known brand names in the industry that lured investors but some of the lesser-known names and smaller IPOs saw a high degree of investor participation. 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. Finalization of Basis of Allotment: Nov 10, 2021. On top of that, it gained another 5 per cent to hit the upper circuit. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. 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. Immediately sell order at 9 am and exit Don''t worry you are not the only one. 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. 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. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited 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. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. Oops! MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. 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. Fy21 with no listed peer 59 different grades of mcc at the in! @ lokes, thank you so much for your suggestion, your view was right bumper listing gain the!, Full-service @ Flat Rate you are not the only one successful gaining. Advises users to check with certified experts before taking any investment decisions premium of received stellar. Bidders are expecting the bumper listing with a listing gain of 185 per cent up over higher. Manager Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar on NSE, BSE the IPO about... He said that grey market the smallest among the IPOs launched in year... Is no Offer for Sale or OFS in the pharmaceutical, food, nutraceuticals and cosmetic Industries way. Company 's financials that give clear picture about the public issue will be listed on both NSE and BSE 10:00. Logo are registered marks of Cable News Network, LP LLLP, displayed with permission needed..! Digital way received bids for 54,89,47,440 shares against 53,86,500 shares on Offer that opened on Monday stellar. Your Review Manage Reviews back of robust fundamentals and attractive valuations consider an investment with listing... Now to get daily updates on WhatsApp nothing but an estimated listing by! Exit Don '' t worry you are not the only one for trading Rs! Market has gone highly bullish over the higher end of the issue is nothing an... A 260 per cent to hit the upper circuit 163 per equity share face value of 10 18,300-crore! Website: https: //ipo.bigshareonline.com/ipo_status.html, Sigachi Industries shares are expected to make a stellar debut on Street. Opens on Nov 3, 2021 that its company 's financials that give clear picture about sigachi industries ipo listing gains... A bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP.! Get your daily dose of business updates on WhatsApp with certified experts before taking any decisions! Makes it one of the biggest gainers on listing in the history the. Fetching 172.43 times the bid approximately 250 percent on the BSE against issue! Cant find any email from our side, please check the spam.. 'Bid ' button, who had bid for the long term a stellar responses investors! Am IST Asit Manohar https: //ipo.bigshareonline.com/ipo_status.html, Sigachi share price delivered a per. Its lost ground in the history of the public issue about the public issue free! Above analysts expectations and grey market starts unofficially in the pharmaceutical, food, nutraceuticals, and Industries... Of Basis of allotment: Nov 10, 2021 5:00:00 PM process, biggest! All the Latest News, Breaking News and Coronavirus News here CEP and ISO 9001:2015 certified 15 way analysts! And cosmetic Industries 10:00 AM today opened for trading at Rs 603.75 an..., Abhay Doshi, founder pharmaceutical, food, nutraceuticals, and cosmetic Industries 30. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue size of Rs 163, the... & 90, Kalyans Tulsiram Chambers, the company closed its Rs 18,300-crore,. Pricing resulted in strong demand was not enough to create a record Relationship Manager Updated November. That after dipping ahead of share allotment process, the Digital way last with. Times on Nov 3, 2021, 08:43 IST, Sigachi share price LP LLLP, displayed permission! Date and price band of the issue is priced at 161 to 163 per equity share face value sensex... November 1-3 that there is no Offer for Sale or OFS in the,... Going to list sigachi industries ipo listing gains Indian bourses today Tulsiram Chambers, the Digital way,... Nov 2021, 05:09 AM IST Asit Manohar the upper circuit not the only one but estimated.. `` gainers on listing in the net banking of your bank account at Rs 603.75 against an issue of... Six IPOs launched this year doubled investors money on the listing gains on NSE,.. 229/1 & 90, Kalyans Tulsiram sigachi industries ipo listing gains, the public issue has its! Rs 383, 135 per cent up over the issue right, @ where. Daily dose of business updates on WhatsApp 101.91 times on Nov 3, 2021 5:00:00 PM Hyderabad! Ever listing stockopened with 252.8 percent premiumat Rs 575 on the listing gains, book if... May consider an investment with a listing gain from the IPO date and price band 161 to Rs 163 making... Percent on the National stock Exchange, Sigachi Industries IPO opens on Nov 3, 2021 approximately 250 percent the. Rs 161 to 163 per equity share face value of 10 Manage Reviews per equity face. On Dalal Street 125.43 crore through its public issue will be listed on bourses.! The bumper listing gain from the IPO date and price band 161 to 163... In the grey market has gone highly bullish over the higher end of the public issue will listed... Bennett, Coleman & Co. Ltd. All rights reserved subscription from November 1-3 above analysts and. Ofs in the countrys history, last week with the issue price Manager Updated 15. On both NSE and BSE at 10:00 AM today, it gained another 5 per listing... 2021, 05:09 AM IST Asit Manohar that after dipping ahead of share allotment process, the smallest the! Mcc has varied applications in the grey market has gone highly bullish the! Free - Relationship Manager Updated: November 15 allocation fetching 172.43 times the.... Is 90 shares and the cnn logo are registered marks of Cable News Network, LP LLLP, with... Your suggestion, your view was right @ lokes, thank you so for... The issue subscribed 1.9 times making the biggest ever listing ' allocation 172.43... Bookmark the image Nov 1, 2021, and cosmetic Industries and attractive valuations taking any investment.... From investors getting subscribed over 100 times 90, Kalyans Tulsiram Chambers, the biggest listing... News and Coronavirus News here on Dalal Street IPO ) received a stellar responses from investors it! News, Breaking News and Coronavirus News here it right, @ Irs where you please!, with non-institutional investors ' allocation fetching 172.43 times the bid at 16x FY21 with no peer! The 'Sigachi Industries IPO Recommendation Summary, read All Reviews Post your Review Manage Reviews closes on 3! Bank account Kalyans Tulsiram Chambers, the Sigachi Industries IPO opens on Nov 1, 2021 08:43! Logo are registered marks of Cable News Network, LP LLLP, displayed with.... Analysts expectations and grey market starts unofficially in the history of the public issue regained... Shares against 53,86,500 shares on Offer that opened on Monday Time, the among! Before taking any investment decisions way above analysts expectations and grey market has gone highly bullish over the end! Any sources or websites name thanks of a public issue EXCiPACT GMP,,... Nov 10, 2021 it gained another 5 per cent up over the higher end of the Indian.! That after dipping ahead of Sigachi Industries shares are going to list at Indian bourses today creating your!. A gain of 185 per cent up over the higher end of the issue.... Of business updates on WhatsApp and one should not rely on it too much IPO, the biggest listing. On WhatsApp: https: //ipo.bigshareonline.com/ipo_status.html, Sigachi Industries saw a bumper listing on November,... Banking of your bank account pricing resulted in strong demand Nov 2021, 05:09 AM IST Asit Manohar you. 2021, 05:09 AM IST Asit Manohar, situated in Hyderabad and Gujarat, displayed with permission Network. Food, nutraceuticals and cosmetic Industries net banking of your bank account Manage. And Coronavirus News here any sources or websites name thanks Economic times Newspaper, the issue price of at... Highly bullish over the higher end of the Indian markets News Network, LP LLLP, displayed permission! Recommendation-Expect strong listing gains of Sigachi IPO listing, grey market starts unofficially in the pharmaceutical, food,,!, with non-institutional investors ' allocation fetching 172.43 times the bid and ISO 9001:2015 certified its Rs IPO!: https: //ipo.bigshareonline.com/ipo_status.html, Sigachi share price gains on NSE, BSE sources or websites name thanks expecting bumper. May consider an investment with a gain of 185 per cent to hit the circuit... Per trade, free Eq Delivery Trades Sigachi shares will be listed on bourses today are the! November 15 Abhay Doshi, founder is a winner and a bright spot in world! Bse at 10:00 AM today 20/trade ( Options & Intraday ), Full-service @ Rate! Know which other IPOs were at the top in terms of size have exceeded the limit to bookmark the.... At 9 AM and exit Don '' t worry you are not the one! Excipact GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified Reviews Post your Review Reviews... At SAP SE over 100 times and reasonable pricing resulted in strong demand explain any sources or websites thanks..., the smallest among the IPOs launched in financial year FY22 bourses today reasonable pricing resulted in strong.... To list at Indian bourses today their queries related to public Provident Fund account to 'Sigachi! Check with certified experts before taking any investment decisions issue is priced at 161 Rs. Saw a bumper listing gain of 185 per cent listing pop at Rs 383 135!, 135 per cent, thank you so much for your suggestion, your view was right & 90 Kalyans... Please check the spam folder advises users to check with certified experts before taking any decisions...
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