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. Register now. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. The stock rallied as much as 270.40 percent to trade . The IPOwas valued at 16x FY21 with no listed peer. 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. , which operates under the Nykaa brand, last week. However, stock market experts maintained that its company's financials that give clear picture about the public issue. 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. 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. Copyright Network18 Media and Investments Ltd 2023. Download the Mint app and read premium stories. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. Sigachi is an industry leader in the field of Pharma . Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. Long-standing market presence in Pan India and Internationally. Copyright e-Eighteen.com Ltd All rights resderved. Bid/Offer Closes On: Nov 3, 2021. 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 . Six IPOs launched this year doubled investors money on the day of listing. 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 company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. 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. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. It opened on 570. 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. Flat 10 Per Trade, Free Eq Delivery Trades 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. Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Multibagger IPOs! 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. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. Listing Date: Nov 15, 2021. As per the market observers, grey market premium is considered as expected listing gain from the public issue. 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. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. 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. Check the Sigachi Industries IPO allotment status. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. All rights reserved. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. UPI IPO application is offered by brokers who don't offer banking services. @MarketLearner : did you check with zerodha? Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. 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 :(. Sigachi Industries Share Listing Gains on NSE, BSE. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. 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 markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. 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. Long-standing relationship with customers, solid financial profile, experienced promoters. The price band . PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. 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. PLAN, Yearly 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. Mumbai: Investor response to three stock market debutants - PB Fintech. It'll just take a moment. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. Download The Economic Times News App to get Daily Market Updates & Live Business News. Visit the Zerodha website and login to Console. 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). 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. There are no listed companies in India whose business is comparable with that of the companys business." 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 Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. The price band ranges from Rs 161 to Rs 163. 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. Sad part, Latent was not allotted 0/1 in retail. 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. 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. Looks like you have exceeded the limit to bookmark the image. 20/Trade (Options & Intraday), Full-service @ Flat Rate At least for next few trading days, the only way to transact in Sigachi shares will be. There are no prizes for guessing the name. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. PLAN. 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 Industries is engaged in manufacturing of Microcrystalline Cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. Flat 20 Per Trade in F&O, FREE Account Opening (0) If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. A Time Warner Company. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Sigachi Industries has delivered a strong financial performance, with its revenue and EBITDA recording 22 per cent and 19 per cent CAGR through FY19-FY21, respectively, while net profit saw a 26 per cent CAGR during the period. Tuesday, 21 February 2023. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Here is the list of top five contenders with the highest listing gains on the day of their market debut. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. As per the market observers, shares of Sigachi Industries are trading at a premium of . This is the highest listing gain by any company launched in year 2021. 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