sigachi industries ipo listing gains
sigachi industries ipo listing gains
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. 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. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. 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. Free - Classroom Training, The Sigachi Industries IPO listing date is on. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Predict the closing value of sensex and win free subscription. They were subscribed numerous times the shares on offer. Explore. Download The Economic Times News App to get Daily Market Updates & Live Business News. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. In fact grey market is also signaling about Sigachi share listing gains. 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. 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. click here! You are just one step away from creating your watchlist! Market Research. Looks like you have exceeded the limit to bookmark the image. In case you cant find any email from our side, please check the spam folder. Log in to our website to save your bookmarks. 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. 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. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. . This IPO hit the market in the month of July. This financial tool allows one to resolve their queries related to Public Provident Fund account. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Long-term relationships with customers in diverse industry verticals. They also recommended partial profit-booking and to hold the remaining shares for the long term. PLAN, Yearly Recommendation-Expect strong listing gains, book profits if needed.". Sigachi Industries IPO expected listing gain. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. Steps to apply in Sigachi Industries IPO through Zerodha. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. 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 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. Register now. Copyright 2023 Outlook Publishing India Pvt. 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. 15th November 2021. Visit Zerodha IPO Application Process Review for more detail. 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. Remove some to bookmark this image. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. . Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. Exports to 41 countries along with robust two R & D infrastructure. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . 229/1 & 90, Kalyans Tulsiram Chambers, Email: ipo@bigshareonline.com This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. You can call zerodha to checkmay be it will come during daytime in account. Sad part, Latent was not allotted 0/1 in retail. Madinaguda, Hyderabad- 500 049, The finalization of Basis of Allotment for Sigachi Industries IPO will be done on Nov 10, 2021, and the allotted shares will be credited to your demat account by Nov 12, 2021. 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 . Long-standing relationship with customers, solid financial profile, experienced promoters. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. The shares are proposed to be listed on BSE, NSE. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. In case you cant find any email from our side, please check the spam folder. Home; About IPO . PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. Mutual Funds. Given that the company is one of the leading manufacturers of microcrystalline Cellulose in India with over 30 years of experience, pan India and international market presence, experienced management team and investment led future growth with high RoNW of 32.12 per cent in FY21 and reasonable valuation. ET Now Digital. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. The issue is priced at 161 to 163 per share. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. The 125.43 crore IPO was subscribed 101.91 times with the price . 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. 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.". 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. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. 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. 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. However, there were some listing disappointments as well on D-Street.On Monday, SJS Enterprises, a decorative aesthetics manufacturer for the automotive and consumer appliances industries, listed at a marginal discount to its offer price of Rs 542 per share.It lost further ground through the session to close at Rs 510, a discount of nearly 6% to the offer price and down 6% on the day, BSE data showed. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited Guys I read some where that results is on 25 November. Your Reason has been Reported to the admin. Check the Sigachi Industries IPO allotment status. 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. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. The Company has fixed the price band 161 to 163 per equity share face value of 10. Sigachi Industries Share Listing Gains on NSE, BSE. The company has been faring well and paying dividends. There are no prizes for guessing the name. Sigachi IPO listing gains. 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. 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. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. Choose your reason below and click on the Report button. 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. Long-term investors are advised to remain invested considering niche product offering of company. 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 IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. 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 opens on Nov 1, 2021, and closes on Nov 3, 2021. 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). Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . Bid/Offer Opens On: Nov 1, 2021. 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. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. You are just one step away from creating your watchlist! 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. HNI investors portion was subscribed 172.43 times. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. You are now subscribed to our newsletters. 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. Listing Price 575: Listing Gain% 252.76: ", Ankur Saraswat, Research Analyst at Trustline Securities said, "Sigachi Industries Limited is a leading manufacturer of MCC (cellulose based excipients) and it has a diversified portfolio with 59 different grades of MCC. Your session has expired, please login again. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. Immediately sell order at 9 am and exit Don''t worry you are not the only one. The public issue will be listed on both NSE and BSE at 10:00 AM today. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. Phone: +91 040 4011 4874 Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Why follow tips? 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. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. Listing Date: Nov 15, 2021. 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. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. Download the Mint app and read premium stories. At least for next few trading days, the only way to transact in Sigachi shares will be. 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. Mumbai: Investor response to three stock market debutants - PB Fintech. You are now subscribed to our newsletters. Check Sigachi Industries IPO allotment status online by clicking the button below. Email: cs@sigachi.com Get your daily dose of business updates on WhatsApp. No interest seen for buying, though in green! Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. Phone: +91-22-6263 8200 The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. 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. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. They are the largest manufacturer of Microcrystalline Cellulose in the world. Thanks for your suggestion once again @lokes. Sign in e-paper. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. 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. In fact grey market is also signaling about Sigachi share listing 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 from the public issue worth Rs 125.43 crore. 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