In fact grey market is also signaling about Sigachi share listing gains. Free - Relationship Manager 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. Follow us on Facebook, Twitter and Telegram. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. 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! 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. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Download the Mint app and read premium stories. Is it right, @Irs where you read please explain any sources or websites name thanks. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. 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. 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. 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). Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. 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. There are no listed companies in India whose business is comparable with that of the companys business. 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. Your session has expired, please login again. Mutual Funds. The shares are proposed to be listed on BSE, NSE. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The share allotment will start on November 10. 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. 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. Download the Mint app and read premium stories. Sigachi Industries IPO expected listing gain. 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's debut was the strongest with the stock listing at 570, a 253% premium over its issue price of 163, best in 13 years. This is the highest listing gain by any company launched in year 2021. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. 229/1 & 90, Kalyans Tulsiram Chambers, Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. 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. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. 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. Copyright e-Eighteen.com Ltd All rights resderved. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. Choose your winners rationally in 3 simple steps! PLAN. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. Listing Price 575: Listing Gain% 252.76: You are now subscribed to our newsletters. 2-Year 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. In case you cant find any email from our side, please check the spam folder. Recommendation-Expect strong listing gains, book profits if needed.". Indigo Paint is at number five with a listing gain of 109 per cent. Long-standing market presence in Pan India and Internationally. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Get notified real-time about the topics you like. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. But even that was not enough to create a record. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. click here! The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. 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. The shares will list on 15th November 2021. Looks like you have exceeded the limit to bookmark the image. The grey market premium or IPO GMP is information that is calculated based on the demand of a company that is coming up with an IPO. 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. 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 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. Sign in e-paper. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. They were subscribed numerous times the shares on offer. The public issue will be listed on both NSE and BSE at 10:00 AM today. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? ", 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. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. Email: ipo@bigshareonline.com HNI investors portion was subscribed 172.43 times. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. 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. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. 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. 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. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . , which operates under the Nykaa brand, last week. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. Long-standing relationship with customers, solid financial profile, experienced promoters. 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. You are now subscribed to our newsletters. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . The price band ranges from Rs 161 to Rs 163. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. 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. Flat 20 Per Trade in F&O, FREE Account Opening (0) 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. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. Brand, last week find any email from our side, please check the spam folder period can be to! 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