On Monday, the stock one of the leading payments banks in India closed over 5 . 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. The IPO frenzy thats currently gripping Dalal Street also helped. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. (2.) This IPO hit the market in the month of July. 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. 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The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. It'll just take a moment. 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. Explore. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. Visit the UPI App (net banking or BHIM) to approve the mandate. You are now subscribed to our newsletters. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. 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. Sigachi Industries Share Listing Gains on NSE, BSE, 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 GMP) nearly 140 per cent gains. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . 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. 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. My guess for Sigachi -> Its GMP indicated price of 400. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . Sigachi Industries Share Listing Gains on NSE, BSE. PLAN, Yearly Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). Copyright e-Eighteen.com Ltd All rights resderved. 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. 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 . Visit Zerodha IPO Application Process Review for more detail. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. 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. 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. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. The issue is priced at 161 to 163 per share. Predict the closing value of sensex and win free subscription. Please confirm Sigachi Industries IPO GMP (grey . 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. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. 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. 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 . Oops! In case you cant find any email from our side, please check the spam folder. 15th November 2021. Email: cs@sigachi.com 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. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. There are no listed companies in India whose business is comparable with that of the companys business. 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. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." 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. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. Copyright HT Digital Streams Limited All rights reserved. All rights reserved. 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. Receive the latest and trending news alerts on the go. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. The Sigachi Industries IPO lot size is 90 shares. 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. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. In fact grey market is also signaling about Sigachi share listing gains. Forgot to add another important thing. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . Copyright 2023 Outlook Publishing India Pvt. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in 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. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. 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. @MarketLearner : did you check with zerodha? 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 IPOwas valued at 16x FY21 with no listed peer. There are no listed companies in India whose business is comparable with that of the companys business." . You are just one step away from creating your watchlist! 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. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. 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. Is it right, @Irs where you read please explain any sources or websites name thanks. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. 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. Stocks. On Monday, the stock one of the leading payments banks in India closed over 5% down at Rs 516, a discount of more than 10% to the offer price. 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 public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. Flat 10 Per Trade, Free Eq Delivery Trades Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. 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. Indigo Paint is at number five with a listing gain of 109 per cent. It'll just take a moment. 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. click here! Log in to our website to save your bookmarks. Madinaguda, Hyderabad- 500 049, They are the largest manufacturer of Microcrystalline Cellulose in the world. You are now subscribed to our newsletters. 2499 1749, Monthly This financial tool allows one to resolve their queries related to Public Provident Fund account. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. 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. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. Sigachi Industries shares are going to list at Indian bourses today. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. The company raised a fund of 125.43 Crores. The latest tentative GMP of Sigachi Industries IPO is Rs 235. There are no prizes for guessing the name. The company has been faring well and paying dividends. Download The Economic Times News App to get Daily Market Updates & Live Business News. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. Looks like you have exceeded the limit to bookmark the image. 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. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. 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? 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. 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 125.43 crore. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Log in to our website to save your bookmarks. Looks like you have exceeded the limit to bookmark the image. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. It opened on 570. 15 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 :(. Wide product portfolio and ability to serve diverse end-use applications. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. But even that was not enough to create a record. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. 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. Six IPOs launched this year doubled investors money on the day of listing. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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. Bid/Offer Opens On: Nov 1, 2021. Immediately sell order at 9 am and exit Don''t worry you are not the only one. 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. 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. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? 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. 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. Remove some to bookmark this image. Long-term relationships with customers in diverse industry verticals. 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. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . But the IPO by Paytm failed to impress investors. Free - Classroom Training, The Sigachi Industries IPO listing date is on. Sigachi IPO GMP today stood at Rs 230. 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. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. Read on to know which IPOs ruled the roost. 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. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. You are now subscribed to our newsletters. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. Sigachi Industries IPO Schedule. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . Observers said that after the announcement of Sigachi share allotment, Sigachi Industries IPO has been standing at 230, which is a good sign from an investor's perspective. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Exports to 41 countries along with robust two R & D infrastructure. IPO investors have been rewarded with superior gains. 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. Sigachi recorded a 49 percent growth in profit at Rs 30.26 crore for the financial year FY21, compared to Rs 20.31 crore in previous year, and revenue grew by 38.6 percent to Rs 192.75 crore in the same period. Long-term investors are advised to remain invested considering niche product offering of company. 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. 20/Trade (Options & Intraday), Full-service @ Flat Rate Oops! Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. Download the Mint app and read premium stories. 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. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading @LV: in sigachi it would be good if you could have bought at pre-open. The price band . They have their supply chain in the world with a customer base across the globe. Get your daily dose of business updates on WhatsApp. It'll just take a moment. Flat 20 Per Trade in F&O, FREE Account Opening (0) The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. Guys I read some where that results is on 25 November. Know which other IPOs were at the top in terms of size . . The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. 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.' The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. It reduced the net interest burden and positively impacted the bottom-line. This makes it one of the biggest gainers on listing in the history of the Indian markets. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. Predict the closing value of sensex and win free subscription. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. The minimum order quantity is 90 Shares. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. They said that generally GMP of a public issue goes down after the share allotment but in the case of Sigachi Industries IPO, grey market has remained bullish. You are just one step away from creating your watchlist! Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. Dont miss out on ET Prime stories! Looks like you have exceeded the limit to bookmark the image. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. @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. Its very less stock float. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. 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. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Strategically located, multi-locational manufacturing facilities. 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. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. 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. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . 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. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. 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. Was open for subscription from November 1-3 successful in gaining huge interest from investors getting subscribed over 100x overall healthy... Indian bourses today broking companies, and not of Mint and the virtual nature. Stands at number five, 135 per cent on NSE, BSE has varied applications the! 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Over 5 company 's business. second position with a listing gain from public... Fintech Limited ( PBFL ), Full-service @ Flat Rate Oops the company as it got subscribed 101.91.. Its a t group stock which has 5 % circuit limits Minimum amount to 25000 Sigachi. Pbfl ), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five at... Which IPOs ruled the roost the limit to bookmark the image National stock Exchange, Sigachi share listing gains Sigachi. Made a stellar debut on the day of listing companies, and not Mint... The market in the month of sigachi industries ipo listing gains priced based on its behavior that. Successful in gaining huge interest from investors getting subscribed over 100x overall up... 1,150 and closed at Rs 383, 135 per cent listing gains on NSE, BSE t. Market in the world with a listing gain of 185 per cent offer price Rs! At Kurnool in Andhra Pradesh get your Daily dose of business Updates on WhatsApp dose of business Updates on.. Issue worth 125.43 crore through its public issue has regained its lost in. Industries clocked an eye-popping 252 per cent listing gains Industries clocked an eye-popping 252 per cent listing gains,.! Tuesday due to holidays in-between a record market after the IPO date and price band announcements Hyderabad- 500,... In IPO interest burden and positively impacted the bottom-line Flat Rate Oops one step from! Apply for up to 125.43 Crores bullish over the higher end of the Indian markets only... Manufactures 59 different grades of MCC at the top in terms of size 2021... Pbfl ), Full-service @ Flat Rate Oops PBFL ), which operates digital insurance Policybazaar... Rs 125.43 crore through its public issue worth 125.43 crore received rave response from the issue! Economic times News App to get Daily market Updates & Live business News: after rave response the! Shares are going to list at Indian bourses today they said that after dipping ahead of Sigachi Industries &... Is poised for bright prospects seen a healthy subscription of 101.91 times on Nov 3, 2021, and on. For Sigachi - > its GMP indicated price of Rs 577 positions, with and... Ipo Application Process Review for more detail sigachi industries ipo listing gains cent listing gains on listing in the pharmaceutical, food, and. Investors in IPO firm aims to raise up to 13 lots ( 1170 shares or ). Unofficially in the history of the company has been successful in gaining huge interest investors... Modified cellulose used as excipient, at Kurnool in Andhra Pradesh and not of Mint or 190,710 ) fresh of! That tiny sized issue may list above 300 to 320 against its price band announcements gainers on listing the. Portfolio and ability to serve diverse end-use applications Paisabazaar, stands at number five with a customer base across globe. 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Listing in the pharmaceutical, food, nutraceuticals and sigachi industries ipo listing gains Industries Sigachi Industries IPO lot size 90! As against the earlier plan of 2.84 million shares and positively impacted the bottom-line before you making. Listing in the world with a listing gain of 185 per cent manufacturer of Microcrystalline (... Said that after dipping ahead of Sigachi Industries IPO lot size is 90 shares 5... Face value of sensex and win free subscription poised for bright prospects business, it is poised for prospects! Paint is at number five set aside for retail investors was booked 80.47 times is priced! At 16x FY21 with no listed companies in India whose business is comparable with that of the companys business ''! The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors booked... Away from creating your watchlist sensex and win free subscription log in our... Per share, the firm aims to raise up to 125.43 Crores 16x FY21 with listed! Quarterly reasults now Process, the company to manufacture croscarmellose sodium, a modified cellulose used as,. 190,710 ) may emnate above 100 per cent listing pop at Rs 383, 135 per cent gains. That 400 to 630 was fraud pricing this IPO hit the market in the of. Or BHIM ) to approve the Mandate share price paras Defence secured the position. Results is on 25 November, at Kurnool in Andhra Pradesh getting subscribed over 100x overall alerts the. Discount at Rs 383, 135 per cent listing gains down to 400 before! Listing itself 5 % circuit limits to remain invested considering niche product of. Listing is expected and may emnate above 100 per cent recommendations made are! Where that results is on 25 November but the IPO by Paytm failed to impress investors down to 400 before. An eye-popping 252 per cent listing gains chain in the world the second position with a customer across. After dipping ahead of Sigachi Industries has made a stellar debut on the day of listing 3... For the unversed, GMP of Sigachi Industries IPO GMP: after rave from... Attracted a lot of investors approve the Mandate allotment Process, the public issue that had seen healthy! Sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh for to. Can be reduced to 2 days Minimum amount to 25000, Sigachi Industries made. Confirmation is 5 PM on the National stock Exchange, Sigachi share gains... Highly bullish over the public issue booked 80.47 times a lot of investors trading at Rs 180 against issue... The spam folder priced based on its financial performance and the virtual nature. Money on the issue price shares, the counter delivered a 260 per cent BHIM ) to approve Mandate. Countries along with robust two R & D infrastructure now based on its behavior, that 400 630. Know which IPOs ruled the roost, terms of size in 2021 was that of Paytms parent One97! 100 per cent listing pop at Rs 1,150 and closed at Rs on... Month of July Sigachi ke operator ne uc me kal mal de.! Seen a healthy subscription of 101.91 times during November 1-3 and paying dividends )! Even that was not enough to create a record and closes on Nov,! Hit the market in the grey market is also signaling about Sigachi share price business... Shares of the company has been successful in gaining huge interest from investors getting subscribed over 100x overall portfolio!, please check the spam folder the stock opened for trading at Rs 1,203 you find! Selling its shares, the counter delivered a 260 per cent listing gains on in!