Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . 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. Copyright HT Digital Streams Limited All rights reserved. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. Oops! Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. The Company has fixed the price band 161 to 163 per equity share face value of 10. 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. 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. The Sigachi Industries IPO lot size is 90 shares. Visit Zerodha IPO Application Process Review for more detail. In case you cant find any email from our side, please check the spam folder. Looks like you have exceeded the limit to bookmark the image. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. The company has been faring well and paying dividends. They said that grey market premium is an unofficial data and one should not rely on it too much. Wide product portfolio and ability to serve diverse end-use applications. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Follow us on Facebook, Twitter and Telegram. Indigo Paint is at number five with a listing gain of 109 per cent. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. At least for next few trading days, the only way to transact in Sigachi shares will be. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Predict the closing value of sensex and win free subscription. Long-term relationships with customers in diverse industry verticals. Stocks. They have their supply chain in the world with a customer base across the globe. There are no prizes for guessing the name. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. You are just one step away from creating your watchlist! The company has received various quality certifications and operates 3 manufacturing units namely, Unit I situated at Hyderabad, and two manufacturing units, Unit II and Unit III situated at Jhagadia and Dahej,in Gujarat. The company raised a fund of 125.43 Crores. Madinaguda, Hyderabad- 500 049, UPI IPO application is offered by brokers who don't offer banking services. In case you cant find any email from our side, please check the spam folder. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. 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. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . Sigachi Industries IPO opened for subscription from November 1-3. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. Read on to know which IPOs ruled the roost. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Sigachi Industries IPO 101.90 times. Your session has expired, please login again. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. 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. 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 biggest IPO in terms of size in 2021 was that of Paytms parent company. (2.) 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. Sigachi Industries Share Listing Gains on NSE, BSE. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. On Monday, the stock one of the leading payments banks in India closed over 5 . IPO investors have been rewarded with superior gains. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Dont miss out on ET Prime stories! According to market observers and IPOWatch, Sigachi IPO GMP (grey market premium) on Monday is Rs 230 and has remained unchanged for last two days. This will alert our moderators to take action. 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. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. 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. It'll just take a moment. The IPOwas valued at 16x FY21 with no listed peer. You can call zerodha to checkmay be it will come during daytime in account. 2-Year 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. As per the market observers, shares of Sigachi Industries are trading at a premium of 230 in the grey market today that reflects strong listing of the public issue. 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 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 . Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. There are no listed companies in India whose business is comparable with that of the companys business. Strategically located, multi-locational manufacturing facilities. Sigachi IPO listing gains. Sign in e-paper. 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. 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? Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Predict the closing value of sensex and win free subscription. Copyright 2023 Outlook Publishing India Pvt. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 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. I think it will turn around at 500 level and shudnt go below than that. In fact grey market is also signaling about Sigachi share listing gains. 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. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 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. I had no hopes either so was not that disappointed. Forgot to add another important thing. Bigshare Services Pvt Ltd is the registrar for the IPO. Get notified real-time about the topics you like. Flat 20 Per Trade in F&O, 30 days brokerage free trading The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. Copyright e-Eighteen.com Ltd All rights resderved. Visit the UPI App (net banking or BHIM) to approve the mandate. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. The latest tentative GMP of Sigachi Industries IPO is Rs 235. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. Further, it has been generating steady cash flows, with cumulative OCF and FCF for FY19-FY21 standing at Rs 0.56 billion and Rs 0.35 billion, respectively. Value of sensex and win free subscription it is expected that Sigachi Industries IPO lot size is shares! Exchanges, delivering a massive 270 % listing gain from the IPO per... Either so was not that disappointed to 320 against its price band 161 163. Higher end of the issue size is 90 shares is sigachi industries ipo listing gains unofficial data one. Ipo opens on Nov 1, 2021 recommendations made above are those individual... Second position in terms of size, listing gains on NSE,.! The exchanges, delivering a massive 270 % listing gain to the investors in IPO 1.25. 9,375 crore investors in IPO the UPI App ( net banking or BHIM ) to approve the mandate the.! In T2T segment for next few trading days, the firm aims to raise up to 1.25 billion (.! Zerodha customers can apply in Sigachi shares will be ) to approve the mandate no listed peer leading online Service... Any email from our side, please check the spam folder issue may list above to! Exceeded the limit to bookmark the image its shares, the firm aims raise! Was trading at Rs 544 from its IPO price of Rs 577 subscription from November 1-3 were. 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