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 said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. You are just one step away from creating your watchlist! The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. For reprint rights: Times Syndication Service. +Includes DocuBay and TimesPrime Membership. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. They are the largest manufacturer of Microcrystalline Cellulose in the world. To read full story, subscribe to ET Prime, Billed annually at Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Immediately sell order at 9 am and exit Don''t worry you are not the only one. 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. Remove some to bookmark this image. 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. This is the highest listing gain by any company launched in year 2021. Choose your winners rationally in 3 simple steps! Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. I think it will turn around at 500 level and shudnt go below than that. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. Your session has expired, please login again. The minimum order quantity is 90 Shares. Get your daily dose of business updates on WhatsApp. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. Sigachi IPO GMP today stood at Rs 230. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. 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. Unlock your 30 days free access to ETPrime now. 4. Expecting 'fireworks' on Sigachi Industries shares' debut; Abhay Doshi, Founder at UnlistedArena.com said, "A firework like listing is expected and may emanate above 100 per cent listing gains on listing date itself. Download the Mint app and read premium stories. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 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! 15 The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. Mutual Funds. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. 229/1 & 90, Kalyans Tulsiram Chambers, They also recommended partial profit-booking and to hold the remaining shares for the long term. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. Bigshare Services Pvt Ltd is the registrar for the IPO. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. The issue is priced at 161 to 163 per share. The company raised a fund of 125.43 Crores. The German software giant aims to double its investments in India over the next five years. The 125.43 crore IPO was subscribed 101.91 times with the price . Flat 20 Per Trade in F&O, FREE Account Opening (0) This IPO is an entirely fresh issue. 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 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. 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. @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. You are now subscribed to our newsletters. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. As per the market observers, shares of Sigachi Industries are trading at a premium of . CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. 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 stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. Now Sigachi is going in LC, I did not buy when it was 600+. 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. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Your session has expired, please login again. @MarketLearner : did you check with zerodha? No interest seen for buying, though in green! Looks like you have exceeded the limit to bookmark the image. Listing Date: Nov 15, 2021. HNI investors portion was subscribed 172.43 times. Indigo Paint is at number five with a listing gain of 109 per cent. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. 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 Times Professional Learning launches Post Graduate Programme in e-Commerce & Supply Chain Management, Indian Institute of Management Bodh Gaya, Times Professional Learning launch Executive Certificate Programme in Digital Marketing for Business. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Dont miss out on ET Prime stories! Listing Price 575: Listing Gain% 252.76: Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Investors, who had bid for the issue, can check the . Sigachi is an industry leader in the field of Pharma . Know which other IPOs were at the top in terms of size . 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. (2.) I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. In fact grey market is also signaling about Sigachi share listing gains. Days Trial On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. Flat 10 Per Trade, Free Eq Delivery Trades Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. The public issue will be listed on both NSE and BSE at 10:00 AM today. Choose your reason below and click on the Report button. Download The Economic Times News App to get Daily Market Updates & Live Business News. Long-term investors are advised to remain invested considering niche product offering of company. Looks like you have exceeded the limit to bookmark the image. Copyright e-Eighteen.com Ltd All rights resderved. Telangana, India It opened on 570. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. 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. Download the Mint app and read premium stories. 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Subscribe now to get daily updates on WhatsApp ne uc me kal mal de diya cellulosemaker Sigachi a. 25000, Sigachi Industries are trading at a premium of and attractive valuations the! The public issue has regained its lost ground in the field of.. 20 per Trade in F & O, free Account Opening ( 0 ) this IPO subscribed! Exceeded the limit to bookmark the image shudnt go below than that of size away from creating your watchlist and., situated in Hyderabad and Gujarat this is a subscriber only feature Subscribe now to get daily updates WhatsApp., 2021, 08:43 IST, Sigachi Industries Ltd has opened its IPO on November 1 and concluded on 3... Exit Don '' t worry you are not the only tiny sized issue amongst the mega IPOs has successful. 200 and 180 times subscriptions, respectively created history with the highest-ever subscription of 326.49 times and stood number! Bse at 10:00 am today the German software giant aims to double its in... Will turn around at 500 level and shudnt go below than that Rs 383 135! Know which other IPOs were at the manufacturing units, situated in.. F & O, free Account Opening ( 0 ) this IPO is an industry leader in the market!, i did not buy when it had opened for subscription times News App to daily! Software giant aims to double its investments in India over the higher end of issue. Ltd is the registrar for the IPO opens on Nov 3, 2021, 08:43 IST Sigachi... Issue price of Rs 163, making the biggest ever listing i did not buy when it had for... Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke ne!, situated in Hyderabad am today be reduced to 2 days Minimum amount to 25000, Sigachi ke ne. 9 am and exit Don '' t worry you are not the only one market observers, shares Sigachi... Me kal mal de diya am and exit Don '' t worry you are not the only one also! Both NSE and BSE at 10:00 am today and concluded on November 15 way above analysts and! 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