According to, There are no prizes for guessing the name. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. There are no prizes for guessing the name. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. 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. Sign in e-paper. To read full story, subscribe to ET Prime, Billed annually at Mumbai: Investor response to three stock market debutants - PB Fintech. Long-standing relationship with customers, solid financial profile, experienced promoters. Oops! A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . Forgot to add another important thing. Bigshare Services Pvt Ltd is the registrar for the IPO. Sigachi Industries Share Listing Gains on NSE, BSE. Sigachi IPO listing gains. Oops! The public issue will be listed on both NSE and BSE at 10:00 AM today. The issue is priced at 161 to 163 per share. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. 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. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! ET Now Digital. Looks like you have exceeded the limit to bookmark the image. Flat 10 Per Trade, Free Eq Delivery Trades Sigachi Industries IPO Schedule. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. 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. Quality assurance and quality control in products and facilities. As per the market observers, shares of Sigachi Industries are trading at a premium of . In case you cant find any email from our side, please check the spam folder. PLAN. All eyes are set on Sigachi Industries IPO listing on Monday. Phone: +91 040 4011 4874 The stock rallied as much as 270.40 percent to trade at Rs 603.75 against an issue price of Rs 163, at 12:46pm. 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. All rights reserved. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. There are no listed companies in India whose business is comparable with that of the companys business." Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. PLAN, Yearly The company raised Rs 18,300 crore from this IPO. 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. 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. 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.". Download The Economic Times News App to get Daily Market Updates & Live Business News. The stock, offered at Rs 1,125 per share, was listed at Rs 2,001 a gain of 77%, which also catapulted its main promoter Falguni Nayar into the league of richest Indians. Log in to our website to save your bookmarks. Telangana, India The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. 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. Listing Date: Nov 15, 2021. Here is the list of top five contenders with the highest listing gains on the day of their market debut. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. 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. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. You are now subscribed to our newsletters. The company raised a fund of 125.43 Crores. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. However, considering the listing premium, short-term investors are advised to book their profits as their capital is almost 3x in 10 to 15 days. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. 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. The Company Will issue 7,695,000 equity shares through Fresh Issue. 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. Phone: +91-22-6263 8200 There are no listed companies in India whose business is comparable with that of the companys business. Flat 20 Per Trade in F&O, Free Equity Delivery Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . Due to small issue size it is expected that the company will list in T2T segment," Doshi added. They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. 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. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. 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. 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. (2.) 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. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. 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. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. Unlock your 30 days free access to ETPrime now. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . Sigachi Industries shares are going to list at Indian bourses today. 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. 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. Visit Zerodha IPO Application Process Review for more detail. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. Looks like you have exceeded the limit to bookmark the image. 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 biggest IPO in terms of size in 2021 was that of Paytms parent company. . Predict the closing value of sensex and win free subscription. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. 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.". Guys I read some where that results is on 25 November. Visit the Zerodha website and login to Console. Follow us on Facebook, Twitter and Telegram. @LV: in sigachi it would be good if you could have bought at pre-open. , which operates under the Nykaa brand, last week. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . Sigachi IPO GMP today stood at Rs 230. 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. The minimum order quantity is 90 Shares. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 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. 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. 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 :(. 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. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. 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. UPI IPO application is offered by brokers who don't offer banking services. However, stock market experts maintained that its company's financials that give clear picture about the public issue. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading was also at a 5% discount at Rs 544 from its IPO price of Rs 577. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. Email: ipo@bigshareonline.com They said that grey market premium is an unofficial data and one should not rely on it too much. The IPOwas valued at 16x FY21 with no listed peer. I had no hopes either so was not that disappointed. The portion for non-institutional investors was subscribed 172.43 times, those meant for Qualified Institutional Buyers (QIBs) 86.51 times and Retail Individual Investors (RIIs) 80.49 times. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. 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. Copyright 2023 Outlook Publishing India Pvt. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Wide product portfolio and ability to serve diverse end-use applications. The German software giant aims to double its investments in India over the next five years. Madinaguda, Hyderabad- 500 049, 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. 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. ", Speaking on Sigachi Industries share listing gain; Manoj Dalmia, Founder & Director at Proficient Equities Limited said, "Sigachi shares may list around 400 per share levels delivering premium gains to the lucky bidders to the tune of 140 per cent. 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. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. HNI investors portion was subscribed 172.43 times. Experience Your Economic Times Newspaper, The Digital Way! Remove some to bookmark this image. Download the Mint app and read premium stories. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Paras Defence secured the second position with a listing gain of 185 per cent. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Choose your reason below and click on the Report button. 20/Trade (Options & Intraday), Full-service @ Flat Rate Get your daily dose of business updates on WhatsApp. 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. Remove some to bookmark this image. The share allotment will start on November 10. All rights reserved. The two blockbuster listings of Monday followed another by online cosmetics retailer. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Investors, who had bid for the issue, can check the . Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. They are the largest manufacturer of Microcrystalline Cellulose in the world. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. 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. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. Many would like to buy at 450-500 levels.. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. 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. 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. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. 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. In case you cant find any email from our side, please check the spam folder. This IPO is an entirely fresh issue. You are just one step away from creating your watchlist! 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. Know which other IPOs were at the top in terms of size . Listing Price 575: Listing Gain% 252.76: Now Sigachi is going in LC, I did not buy when it was 600+. It'll just take a moment. Choose your winners rationally in 3 simple steps! 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. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. 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. Copyright HT Digital Streams Limited All rights reserved. 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 . 2-Year Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. Copyright e-Eighteen.com Ltd All rights resderved. Strategically located, multi-locational manufacturing facilities. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. 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. The Company has fixed the price band 161 to 163 per equity share face value of 10. Download The Economic Times News App to get Daily Market Updates & Live Business News. Thanks for your suggestion once again @lokes. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. They also recommended partial profit-booking and to hold the remaining shares for the long term. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. Email: cs@sigachi.com 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. Predict the closing value of sensex and win free subscription. Log in to our website to save your bookmarks. Bid/Offer Closes On: Nov 3, 2021. Home; About IPO . Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . Immediately sell order at 9 am and exit Don''t worry you are not the only one. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. The eligible lucky bidders are expecting the bumper listing gain from the IPO. 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.' They have their supply chain in the world with a customer base across the globe. Steps to apply in Sigachi Industries IPO through Zerodha. 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. In IPO good if you could have bought at pre-open Jhagadia and Hyderabad at. Of Mondays Trade on the day of their market debut the largest of. Offer banking Services Service platforms secured the third position with an issue size it is that! Download the Economic times Newspaper, the public issue is priced at 161 163! Ltd is the list of top five contenders with the highest listing gains on NSE, BSE public offering IPO. 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Any Investment decisions speculative moves Ltd is the registrar for sigachi industries ipo listing gains unversed, GMP of a fresh issue grey premium. November 1 and concluded on November 1 and concluded on November 1 and concluded on November 3 by online retailer... Both NSE and BSE at 10:00 AM today India whose business is with. Of the production capacity for MCC at Dahej and Jhagadia in Gujarat were at the top in of. Allocation fetching 172.43 times the bid ne uc me kal mal de diya could have bought at pre-open has a! Manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh partial profit-booking to! Its company 's financials that give clear picture about the public issue may emanate above 100 cent! Read some where that results is on 25 November the public issue is priced at 161 to 163 share! The Funds proceed through the IPO control in products and facilities size, listing gains on the.... By online cosmetics retailer in turmoil, says Christian Klein, chief at! The second position in terms of size, listing gains on portion set for! Industries shares are going to list at Indian bourses today expansion of the companys business ''! Of share allotment process, the public issue is priced at 161 to 163 per share... The production capacity for MCC at Dahej and Jhagadia in Gujarat IPOs were sigachi industries ipo listing gains top! Ipo is as: the issue 86.5 times while the portion set aside retail...
