You are now subscribed to our newsletters. But the IPO by Paytm failed to impress investors. brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. Download The Economic Times News App to get Daily Market Updates & Live Business News. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. It reduced the net interest burden and positively impacted the bottom-line. UPI IPO application is offered by brokers who don't offer banking services. Now Sigachi is going in LC, I did not buy when it was 600+. 15 For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 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. 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. 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 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. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. Get notified real-time about the topics you like. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! This makes it one of the biggest gainers on listing in the history of the Indian markets. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. Copyright HT Digital Streams Limited All rights reserved. Here is the list of top five contenders with the highest listing gains on the day of their market debut. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Rakesh Jhunjhunwala-backed Star Health the largest standalone health insurance company in India with a market share of 15.8 per cent stood at the fourth position. Bigshare Services Pvt Ltd is the registrar for the IPO. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. 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. The IPOwas valued at 16x FY21 with no listed peer. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . Visit the Zerodha website and login to Console. Telangana, India 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. You are just one step away from creating your watchlist! 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. The share allotment will start on November 10. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. 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. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. Copyright HT Digital Streams Limited All rights reserved. Copyright e-Eighteen.com Ltd All rights resderved. Download the Mint app and read premium stories. 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. They have their supply chain in the world with a customer base across the globe. Oops! Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. 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. 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. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! @arif: you can place your sell order but its already too late, it wont be executed for today, you should have placed at 9am exactly or even before as AMO. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. Why follow tips? Microcrystalline cellulose maker Sigachi Industries' stock price surged 3.7 times or 270 per cent over its IPO price, recording the best-ever gain witnessed by an Indian company on its listing day. 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. Read on to know which IPOs ruled the roost. Flat 20 Per Trade in F&O, Free Equity Delivery Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . After a record breaking ipo debut, Found an interesting and worth reading Finshots article on What is Sigachi Industries and what does it do- https://finshots.in/markets/sigachi-industries-record-breaking-ipo-pop/. 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. Exports to 41 countries along with robust two R & D infrastructure. . Experience Your Economic Times Newspaper, The Digital Way! The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. 229/1 & 90, Kalyans Tulsiram Chambers, The Company Will issue 7,695,000 equity shares through Fresh Issue. The minimum order quantity is 90 Shares. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. They said that grey market premium is an unofficial data and one should not rely on it too much. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. 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. Choose your reason below and click on the Report button. 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. 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. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . Check Sigachi Industries IPO allotment status online by clicking the button below. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. The stock rallied as much as 270.40 percent to trade . NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. I expect, the issue should list above 300-320 or more against the issue price of Rs 163," said Abhay Doshi, Founder, UnlistedArena.com, dealing in Pre-IPO & Unlisted Shares. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. Ltd. | All rights reserved. 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. On Monday, the stock one of the leading payments banks in India closed over 5 . This financial tool allows one to resolve their queries related to Public Provident Fund account. 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? Oops! Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. Free Eq Delivery & MF This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Bid/Offer Closes On: Nov 3, 2021. Thanks for your suggestion once again @lokes. 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. 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