All rights reserved. Read on to know which IPOs ruled the roost. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. 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. If you . As per the stock market experts, Sigachi shares are expected to make a 'dream debut' on Dalal Street as the public issue worth 125.43 crore may have 'fireworks like listing.' Explore. Sigachi IPO GMP today stood at Rs 230. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. You are now subscribed to our newsletters. 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. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. Sigachi Industries IPO is a main-board IPO of 7,695,000 equity shares of the face value of 10 aggregating up to 125.43 Crores. Dont miss out on ET Prime stories! click here! Your session has expired, please login again. The public issue will be listed on both NSE and BSE at 10:00 AM today. 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. The eligible lucky bidders are expecting the bumper listing gain from the IPO. 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. 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. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. Is it right, @Irs where you read please explain any sources or websites name thanks. 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 . Sign in e-paper. Listing Price 575: Listing Gain% 252.76: I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. 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. , which operates under the Nykaa brand, last week. Quality assurance and quality control in products and facilities. 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? Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. The issue is priced at 161 to 163 per share. 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. 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. Phone: +91-22-6263 8200 Bid/Offer Opens On: Nov 1, 2021. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . The minimum order quantity is 90 Shares. Oops! The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. Know which other IPOs were at the top in terms of size . Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Mutual Funds. This will alert our moderators to take action. The price band ranges from Rs 161 to Rs 163. Choose your winners rationally in 3 simple steps! Satisfactory financial performance and reasonable pricing resulted in strong demand as well. A Time Warner Company. 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 . According to, There are no prizes for guessing the name. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! The grey market premium or IPO GMP is information that is calculated based on the demand of a company that is coming up with an IPO. Remove some to bookmark this image. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. Oops! The issue is priced at 161 to 163 per share. Email: [email protected] Download the Mint app and read premium stories. Predict the closing value of sensex and win free subscription. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. 15 Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 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. 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. Copyright HT Digital Streams Limited All rights reserved. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. 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 :(. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. The German software giant aims to double its investments in India over the next five years. Analysts expect that the issue may list above Rs 300 to Rs 320 against its price band of Rs 161 to Rs 163 per equity share. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Your Reason has been Reported to the admin. It reduced the net interest burden and positively impacted the bottom-line. They were subscribed numerous times the shares on offer. 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. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 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. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. They said that grey market premium is an unofficial data and one should not rely on it too much. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. Copyright e-Eighteen.com Ltd All rights resderved. 15th November 2021. 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 Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. 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. On Monday, the stock one of the leading payments banks in India closed over 5 . Looks like you have exceeded the limit to bookmark the image. At least for next few trading days, the only way to transact in Sigachi shares will be. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Sigachi shares will be listed on bourses today. 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. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. Mumbai: Investor response to three stock market debutants - PB Fintech. 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. And recommendations made above are those of individual analysts or broking companies and... 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