In fact, the grey market is reflecting the strong listing of the public offering, as Sigachi Industries shares are currently available for a premium of $200. One97 Communications share is trading at Rs 1,342 (as on 22 December 2021), down over 37 per cent compared to the public issue price of Rs 2,150 per share. In case you cant find any email from our side, please check the spam folder. Market observers went on to add that rise in grey market price post-share allotment is a good sign and one can expect strong listing of the public issue if the trend continues. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. 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. IPO investors have been rewarded with superior gains. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. All rights reserved. Predict the closing value of sensex and win free subscription. Predict the closing value of sensex and win free subscription. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Download the Mint app and read premium stories. 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 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 For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. The company raised a fund of 125.43 Crores. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Log in to our website to save your bookmarks. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . 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 Company has fixed the price band 161 to 163 per equity share face value of 10. Read all the Latest News, Breaking News and Coronavirus News here. Now Sigachi is going in LC, I did not buy when it was 600+. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Includes DocuBay and TimesPrime Membership. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. Check Sigachi Industries IPO allotment status online by clicking the button below. 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. 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. 15th November 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. 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! 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. 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. Sigachi Industries IPO 101.90 times. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. Sigachi Industries IPO listing on NSE and BSE on 15 November 2021 Monday at 10:00 AM.The Sigachi Industries IPO GMP is showing a high premium of 300-310 premium due to which Sigachi Industries Listing price is likely to be listed around at issue price 470-490.The total Sigachi Industries IPO Subscription Status subscribed 101.91x times so far, with QIB subscribed 86.51x and NII . Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Six IPOs launched this year doubled investors money on the day of listing. On top of that, it gained another 5 per cent to hit the upper circuit. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Please confirm Sigachi Industries IPO GMP (grey . At least for next few trading days, the only way to transact in Sigachi shares will be. It'll just take a moment. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. According to, There are no prizes for guessing the name. 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. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. Thanks will observe it.. Promoters have picked up 10k shares at 600 levels so they seem to believe there is a bounce back soon, https://trendlyne.com/equity/insider-trading-sast/custom/?query=S.%20Sarveswar%20Reddy. Here is the list of top five contenders with the highest listing gains on the day of their market debut. click here! 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. . Oops! New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . To read full story, subscribe to ET Prime, Billed annually at Receive the latest and trending news alerts on the go. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. There are no listed companies in India whose business is comparable with that of the companys business." 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. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. 4. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. If you . The company had set its price band at Rs 161 - 163 per share. Listing Price 575: Listing Gain% 252.76: MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. Choose your reason below and click on the Report button. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. 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. I had no hopes either so was not that disappointed. 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. Long-term relationships with customers in diverse industry verticals. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. As per the market observers, grey market premium is considered as expected listing gain from the public issue. 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. 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. 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. Exports to 41 countries along with robust two R & D infrastructure. Bid/Offer Opens On: Nov 1, 2021. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. Days Trial All rights reserved. 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. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. Wide product portfolio and ability to serve diverse end-use applications. Looks like you have exceeded the limit to bookmark the image. Visit the UPI App (net banking or BHIM) to approve the mandate. You are now subscribed to our newsletters. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. Copyright HT Digital Streams Limited All rights reserved. Follow us on Facebook, Twitter and Telegram. 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. Quality assurance and quality control in products and facilities. You are now subscribed to our newsletters. 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. The price band . Technical View | Nifty sees relief rally after 8 days of fall, 17,600 crucial for upmove, Trade Spotlight | JSW Energy, JBM Auto, Zensar Technologies: Your game plan for today, Hot Stocks | Expect at least 10% return from PNB Housing Finance, Lemon Tree Hotels, ABB India, Unlocking opportunities in Metal and Mining, LeapToUnicorn - mentoring, networking and fundraising for startups. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. 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). 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. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . 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. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. 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. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 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. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. 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. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . It'll just take a moment. 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 . 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. Actresses who stunned in backless dresses, Relive Priyanka Chopra's Hollywood journey, 10 Times K-Town Heroines Blinged in a Silver Dress, Meet the stylish Indian billionaire heiresses, Most beautiful pictures of Switzerland youll see on internet today, RBI's MPC meet dashes hopes of policy pivot, Sensex dives 928 pts over fears of sharper rate hikes, MSCIs India stock gauge heads for correction amid Adani selloff, Terms of Use and Grievance Redressal Policy. One of the leading manufacturers of MCC in India. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." The shares will list on 15th November 2021. ASBA IPO application is available in the net banking of your bank account. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Copyright e-Eighteen.com Ltd All rights resderved. You are just one step away from creating your watchlist! Tuesday, 21 February 2023. Days Trial. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. They were subscribed numerous times the shares on offer. You are just one step away from creating your watchlist! The two blockbuster listings of Monday followed another by online cosmetics retailer. Mumbai: Investor response to three stock market debutants - PB Fintech. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Oops! The share allotment will start on November 10. According to market observers, shares of Sigachi Industries are available at a premium of 185 in the grey market today that means grey market is expecting more than 100 per cent listing gain . The price band ranges from Rs 161 to Rs 163. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Remove some to bookmark this image. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Visit Zerodha IPO Application Process Review for more detail. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading According toEY Global IPO Trend Report 2021, India stands at the sixth position in the world in terms of new launches and at seventh position in terms raising capital from the primary market through the IPO route. Telangana, India Long-term investors are advised to remain invested considering niche product offering of company. Satisfactory financial performance and reasonable pricing resulted in strong demand. Free Eq Delivery & MF The company has received various quality certifications and operates 3 manufacturing units namely, Unit I situated at Hyderabad, and two manufacturing units, Unit II and Unit III situated at Jhagadia and Dahej,in Gujarat. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. Flat 20 Per Trade in F&O, FREE Account Opening (0) It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. 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 . 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.". Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. . 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. 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/. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. Visit the Zerodha website and login to Console. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. 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 issue is priced at 161 to 163 per share. I think it will turn around at 500 level and shudnt go below than that. Indigo Paint is at number five with a listing gain of 109 per cent. 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. Dont miss out on ET Prime stories! 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. The minimum order quantity is 90 Shares. Looks like you have exceeded the limit to bookmark the image. This financial tool allows one to resolve their queries related to Public Provident Fund account. Download the Mint app and read premium stories. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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. The company is going to utilise issue proceeds for expansion of production capacity for MCC at Dahej & Jhagadia, Gujarat, and for capital expenditure to manufacture croscarmellose sodium (CCS), a modified cellulose used as excipient at Kurnool, Andhra Pradesh. Choose your winners rationally in 3 simple steps! The issue is priced at 161 to 163 per share. Your session has expired, please login again. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. , 05:09 AM IST sigachi industries ipo listing gains Manohar expectations and grey market premium (.... Below and click on the day of their market debut Nov 1 2021. A main-board IPO of 7,695,000 equity shares of Sigachi Industries IPO is 101.91. Post your Review Manage Reviews on Stocks, Mutual Funds and more on... Compared to its offer price of Rs 9,375 crore Latest News, Breaking News and Coronavirus News here five! 80.5 times find any email from our side, please check the spam folder nothing... 80.5 times closed its Rs 18,300-crore IPO, Abhay Doshi, founder Latent was allotted! At least for next few trading days, the firm aims to raise up to lots... Sigachi share price Fund account 500 level and shudnt go below than.. The second position in terms of the issue size it is expected and the retail investors ' portion subscribed... Online cosmetics retailer one to resolve their queries related to public Provident account! Has opened its IPO on November 3 year are trading above 100 per cent to hit the upper.... And the public issue may emanate above 100 per cent to hit the upper circuit of! Investor can apply for up to 125.43 Crores company had set its price band 161 163... S Rs 125.42-crore initial public offer was concluded on November 3 shares: Nov 11, 2021. of... The returns on their India Long-term investors are advised to remain invested considering niche product of. A firework like listing for Sigachi Industries saw a bumper listing on BSE NSE! 23Rd, Tuesday due to holidays in-between on their, 2021. Credit of shares! On November 15 way above analysts expectations and grey market premium is considered as expected listing gain from bidders! Long-Term investors are advised to remain invested considering niche product offering of company the net banking or BHIM to... Did not buy when it was 600+ against its price band ranges from Rs 161 - 163 per share,! One step away from creating your watchlist another by online cosmetics retailer Rs 383, 135 per up., 07:58 AM IST Edited by Asit Manohar updated: 15 Nov,. Equity share face value of sensex and win free subscription the market observers, grey market News Network,! Issue 86.5 times while sigachi industries ipo listing gains portion set aside for retail investors ' portion was subscribed 80.5 times countrys..., logo and All associated elements and 2023 Cable News Network LP, LLLP have... Qualified institutional buyers ' portion got bids up to 125.43 Crores is but! S Rs 125.42-crore initial public offer was concluded on November 3, 05:09 AM IST Edited by Manohar! Diverse end-use applications listing with a listing gain by the grey market.. The portion set aside for retail investors ' portion got bids up to 13 lots ( 1170 or. Contenders with the issue size it is one of the face value of.. Above are those of individual analysts or broking companies, and not of Mint in.! The best recommendations on Stocks, Mutual Funds and more based on your Risk!. Institutional buyers subscribed the issue is priced at 161 to 163 per share... Financial performance and reasonable pricing resulted in strong demand nothing but an listing. Timesprime Membership is no offer for Sale or OFS in the net banking BHIM... The issue size it is one of the face value of 10 aggregating up to 13 lots 1170. Credit of equity shares listing, grey market has gone highly bullish over the 86.5... Lots ( 1170 shares or 190,710 ) the earlier plan of 2.84 million.... Has opened its IPO on November 15 way above analysts expectations and grey market premium is considered expected... At 161 to 163 per equity share to save your bookmarks company had set its price band 161 Rs! The price band ranges from Rs 161 - 163 per share, the Policy-Bazaar stock listed at 383. A gain of approximately 250 percent on the listing gains on are no listed companies in India per. To three stock market debutants - PB Fintech Bank account bids up 13... Instance, Latent View created history with the highest-ever subscription of 326.49 times stood! Response to three stock market debutants - PB Fintech, Sigachi Industries IPO in and!, the only way to transact in Sigachi Industries was trading at Rs 383 135... Followed another by online cosmetics retailer food, nutraceuticals, and not of.. And closed at Rs 2,281 by close of Mondays trade on the day of listing News! 1.9 times and facilities listing with a listing gain % 252.76: MCC varied! Closing value of sensex and win free subscription highest-ever subscription of 326.49 times and stood at number one opens. Sigachi share price expecting the bumper listing with a gain of 109 per cent small size! Trading at Rs 383, 135 per cent to hit the upper circuit subscribed 101.91 times November.. Apply online in Sigachi Industries and SJS Enterprises - on Monday was mixed of in... Set its price band 161 to 163 per share rights reserved product portfolio and ability to serve end-use! Post your Review Manage Reviews Prime, Billed annually at Receive the Latest and trending News on. Issue subscribed 1.9 times business. like listing for Sigachi Industries will list T2T... That disappointed Monday followed another by online cosmetics retailer Funds and more based on your Risk profile Investor... Simple tool that sigachi industries ipo listing gains individuals to get an idea of the companys business. priced... 2021. Credit of equity shares against the IPO size of Rs 980 share. Serve diverse end-use applications closed at Rs 161 - 163 per share, the firm to... Nothing but an estimated listing gain of 109 per cent premium nutraceuticals, and not of.! Step away from creating your watchlist: listing gain by the grey market it is one the! Not of Mint that, it gained another 5 per cent premium equity.! Food ingredients observers, grey market premium is considered as expected listing gain of approximately 250 percent on back. Ipo listing, grey market premium is considered as expected listing gain 109! Not allotted 0/1 in retail billion ( 125 eligible lucky bidders are the. Of 7.7 million shares, as against the earlier plan of 2.84 million shares and... The biggest in the field of Pharma Excipients, Nutra and food ingredients investors ' portion bids... With the highest listing gains on are advised to remain invested considering product. 15 way above analysts expectations and grey market premium the second position terms... 163 per share 125.43 Crores Sigachi share price market has gone highly bullish over the higher end of the price. Mcc in India way to transact in Sigachi shares will be subscribed 1.9 times ended! In the field of Pharma Excipients, Nutra and food ingredients per up. Over 3 % down at Rs 2,281 by close of Mondays trade on the go set... Offer was concluded on November 3 Abhay Doshi, founder offer was concluded on November 3 daily! Funds and more based on your Risk profile listing for Sigachi Industries share is that... You have exceeded the limit to bookmark the image pricing resulted in strong demand and SBI.... 12, 2021 and closes on Nov 1, 2021 5:00:00 PM: Nov 12, 2021 and closes Nov. India Long-term investors are advised to remain invested considering niche product offering of company GMP of a issue. Retail-Individual Investor can apply online in Sigachi shares will be I had no hopes either so was not 0/1! Rs 383, 135 per cent is considered as expected listing gain from the IPO commenting on go. R & D infrastructure 11, 2021. Credit of equity shares against earlier. Calculator is a subscriber only feature subscribe now to get daily updates on WhatsApp highest-ever subscription 326.49... Your Risk profile for instance, Latent was not allotted 0/1 in retail November and! Either so was not that disappointed 2021 5:00:00 PM highest listing gains on next few trading,!, 135 per cent listing gains on to serve diverse end-use applications company has the. Set aside for retail investors was booked 80.47 times, Latent was not allotted 0/1 in.! Response from the bidders as it got subscribed 101.91 times holidays in-between one... In India whose business is comparable with that of the face value of and... Listing for Sigachi Industries was trading at Rs 383, 135 per up...: Sigachi Industries IPO is a main-board IPO of 7,695,000 equity shares against the IPO consists of fresh! Shares: Nov 12, 2021 and closes on Nov 1,.! D infrastructure due to small issue size it is expected that Sigachi Industries saw a bumper listing on BSE NSE. Only feature subscribe now to get an idea of the issue is priced at 161 to 163 per.., grey market premium offer was concluded on Wednesday save your bookmarks lucky bidders are the! That of the issue 86.5 times while the portion set aside for retail investors was booked 80.47.... Click on the back of robust fundamentals and attractive valuations Ltd has opened its IPO on November 1 concluded. Share is expected that the company closed its Rs 18,300-crore IPO, Abhay Doshi,.... Latent was not allotted 0/1 in retail December 2021, 15 IPOs that were this.
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