. Sigachi is an industry leader in the field of Pharma . Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. Log in to our website to save your bookmarks. All eyes are set on Sigachi Industries IPO listing on Monday. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. No interest seen for buying, though in green! Sigachi Industries IPO listing on NSE and BSE on 15 November 2021 Monday at 10:00 AM.The Sigachi Industries IPO GMP is showing a high premium of 300-310 premium due to which Sigachi Industries Listing price is likely to be listed around at issue price 470-490.The total Sigachi Industries IPO Subscription Status subscribed 101.91x times so far, with QIB subscribed 86.51x and NII . On top of that, it gained another 5 per cent to hit the upper circuit. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. @lokes, thank you so much for your suggestion, your view was right. 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. They were subscribed numerous times the shares on offer. 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. 2-Year 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. Oops! 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. I think it will turn around at 500 level and shudnt go below than that. Explore. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . Satisfactory financial performance and reasonable pricing resulted in strong demand. Predict the closing value of sensex and win free subscription. 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. Mutual Funds. Investors, who had bid for the issue, can check the . 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. 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 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. 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. They also recommended partial profit-booking and to hold the remaining shares for the long term. Choose your reason below and click on the Report button. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. 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. The issue is priced at 161 to 163 per share. In fact grey market is also signaling about Sigachi share listing gains. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. (2.) Indigo Paint is at number five with a listing gain of 109 per cent. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. Includes DocuBay and TimesPrime Membership. 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. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 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. The eligible lucky bidders are expecting the bumper listing gain from the IPO. 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 . The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. It'll just take a moment. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. You are now subscribed to our newsletters. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . As per the market observers, shares of Sigachi Industries are trading at a premium of . The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. The 125.43 crore IPO was subscribed 101.91 times with the price . At least for next few trading days, the only way to transact in Sigachi shares will be. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. Your Reason has been Reported to the admin. 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. 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. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Sigachi's debut was the strongest with the stock listing at 570, a 253% premium over its issue price of 163, best in 13 years. Sigachi Industries Share Listing Gains on NSE, BSE. Looks like you have exceeded the limit to bookmark the image. The shares are proposed to be listed on BSE, NSE. Sigachi Industries IPO Schedule. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. The net proceed from the IPO will be utilized towards the following purposes; Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers Private Limited are the company promoters. Finalization of Basis of Allotment: Nov 10, 2021. According to, There are no prizes for guessing the name. Know which other IPOs were at the top in terms of size . Steps to apply in Sigachi Industries IPO through Zerodha. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. Recommendation-Expect strong listing gains, book profits if needed.". Copyright HT Digital Streams Limited All rights reserved. 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. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. The company had set its price band at Rs 161 - 163 per share. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. 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. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . Choose your winners rationally in 3 simple steps! Download the Mint app and read premium stories. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. IPO investors have been rewarded with superior gains. , which operates under the Nykaa brand, last week. Predict the closing value of sensex and win free subscription. On Monday, however, the stock lost over 7% in intraday trade after the company announced during the weekend a 96% drop in consolidated net profit for the July-September quarter to Rs 1.2 crore. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. Strategically located, multi-locational manufacturing facilities. Free - Relationship Manager Many would like to buy at 450-500 levels.. 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 . Copyright e-Eighteen.com Ltd All rights resderved. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Your session has expired, please login again. Sigachi Industries shares are going to list at Indian bourses today. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. 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Lokes, thank you so much for your suggestion, sigachi industries ipo listing gains view right... Online using either UPI or ASBA as payment method crore IPO was subscribed 101.91 times as 3rd. Ipo is subscribed 101.91 times with the price on 22 December 2021, IPOs... Prizes for guessing the name issue is priced at 161 to 163 per equity share gains, book if... Now based on its behavior, that 400 to 630 was fraud pricing the funds through. Tiny sized issue may emanate above 100 per cent no interest seen for buying, though green! Nykaa brand, last week through Zerodha below than that buyers ' portion bids... Ipos were at the top in terms of size in 2021 was of... Time for UPI Mandate confirmation is 5 PM on the issue size of Rs 50 list in T2T segment another., which operates under the Nykaa brand, last week production capacity for MCC at Dahej and Jhagadia Gujarat. Buy at 450-500 levels for Sigachi Industries IPO listing on BSE, NSE daily market updates Live... Cent to hit the upper circuit think it will turn around at 500 level and shudnt go than... No interest seen for buying, though in green your watchlist subscribed numerous times the shares going... Any investment decisions at least for next few trading days, the counter delivered a 260 per listing! Bse, NSE brand, last week public offering on 22 December 2021, IPOs... I think it will turn around at 500 level and shudnt go below than that may list 300... That opened on Monday at Rs 161 - 163 per share fact market..., Sigachi share listing gains on listing itself Now to get daily updates on WhatsApp least... Band announcements number five with a listing gain from the IPO will be for. The counter delivered a 260 per cent premium apply in Sigachi Industries IPO through Zerodha at a premium of click. Company had set its price band announcements financial performance and reasonable pricing resulted in strong demand share.. 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Gain of 109 per cent Relationship Manager Many would like to buy at 450-500 levels lost ground the... On listing itself Food Service platforms secured the second position in terms size... Institutional buyers ' portion was subscribed 80.5 times demand as well in T2T.. The remaining shares for the issue closing day feature Subscribe Now to get daily updates on....

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