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. This will alert our moderators to take action. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Now Sigachi is going in LC, I did not buy when it was 600+. 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. Long-standing market presence in Pan India and Internationally. The initial public offering of Sigachi Industries will open for subscription today, the third IPO to be available for bids on the day along with Policybazaar and SJS Enterprises. Thanks for your suggestion once again @lokes. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading Free Eq Delivery & MF For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Finalization of Basis of Allotment: Nov 10, 2021. 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. In fact grey market is also signaling about Sigachi share listing gains. 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 the public issue worth 125.43 crore. Your session has expired, please login again. Bid/Offer Opens On: Nov 1, 2021. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Free - Classroom Training, The Sigachi Industries IPO listing date is on. In case you cant find any email from our side, please check the spam folder. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . The Sigachi Industries IPO lot size is 90 shares. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. 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 the public issue worth Rs125.43 crore. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. 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. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain from the public issue worth Rs 125.43 crore. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Forgot to add another important thing. 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. The Company has fixed the price band 161 to 163 per equity share face value of 10. Sigachi Industries shares are going to list at Indian bourses today. Madinaguda, Hyderabad- 500 049, Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. 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. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . 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. Remove some to bookmark this image. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. Copyright HT Digital Streams Limited All rights reserved. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. Experience Your Economic Times Newspaper, The Digital Way! There are no listed companies in India whose business is comparable with that of the companys business. 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 In case you cant find any email from our side, please check the spam folder. 4. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. For reprint rights: Times Syndication Service. They advised bidders to look at the financials of the company as it gives clear picture of the company's business. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. 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. Sigachi Industries Share Listing Gains on NSE, BSE. Predict the closing value of sensex and win free subscription. Visit the UPI App (net banking or BHIM) to approve the mandate. 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. 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. Receive the latest and trending news alerts on the go. The public issue will be listed on both NSE and BSE at 10:00 AM today. 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. As per the stock market experts, Sigachi shares are expected to make a 'dream debut' on Dalal Street as the public issue worth 125.43 crore may have 'fireworks like listing.' The company is one of the leading manufacturers of MCC (Microcrystalline Cellulose) in India with a presence across diverse industry verticals and is available at reasonable valuation on an absolute basis.". Choose your reason below and click on the Report button. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. 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. Download the Mint app and read premium stories. This makes it one of the biggest gainers on listing in the history of the Indian markets. Days Trial. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. Phone: +91-22-6263 8200 The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. Your session has expired, please login again. Long-term investors are advised to remain invested considering niche product offering of company. You are just one step away from creating your watchlist! Unlock your 30 days free access to ETPrime now. Log in to our website to save your bookmarks. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. Investors, who had bid for the issue, can check the . IPO investors have been rewarded with superior gains. 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. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. 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. Copyright HT Digital Streams Limited All rights reserved. +Includes DocuBay and TimesPrime Membership. 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. The stock rallied as much as 270.40 percent to trade . Immediately sell order at 9 am and exit Don''t worry you are not the only one. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. Here is the list of top five contenders with the highest listing gains on the day of their market debut. Get your daily dose of business updates on WhatsApp. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. But the IPO by Paytm failed to impress investors. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. PLAN. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank. 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. 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. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. This is the highest listing gain by any company launched in year 2021. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Your Reason has been Reported to the admin. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. 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. All rights reserved. Flat 20 Per Trade in F&O, FREE Account Opening (0) 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. Flat 10 Per Trade, Free Eq Delivery Trades 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. On Monday, however, the stock lost over 7% in intraday trade after the company announced during the weekend a 96% drop in consolidated net profit for the July-September quarter to Rs 1.2 crore. 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. Guys I read some where that results is on 25 November. 20/Trade (Options & Intraday), Full-service @ Flat Rate The IPOwas valued at 16x FY21 with no listed peer. You are now subscribed to our newsletters. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . It opened on 570. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Tuesday, 21 February 2023. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. Remove some to bookmark this image. 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. The company raised a fund of 125.43 Crores. The shares will list on 15th November 2021. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? 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. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. 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. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. Remove some to bookmark this image. This financial tool allows one to resolve their queries related to Public Provident Fund account. ASBA IPO application is available in the net banking of your bank account. In fact grey market is also signaling about Sigachi share listing gains. At least for next few trading days, the only way to transact in Sigachi shares will be. Six IPOs launched this year doubled investors money on the day of listing. The chemical manufacturing company will be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) at 10 am on November 15. Sigachi below listing price now.How long the lc will continue?Will it go near the upper bid price of ipo?Thought it will be like paras but do not think that will happen now.What should be the strategy if Latent is not allotted,pre market buying on listing day or wait a bit? 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. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. 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 . Quality assurance and quality control in products and facilities. Is it right, @Irs where you read please explain any sources or websites name thanks. On top of that, it gained another 5 per cent to hit the upper circuit. 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Visit Zerodha IPO Application Process Review for more detail. 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. It reduced the net interest burden and positively impacted the bottom-line. The issue is priced at 161 to 163 per share. As a result, PAT grew at a CAGR of 63.5% to Rs 30 crore, while PAT margins improved by 883bps to 15.7% in FY21. Use of the CNN name and/or logo on or as part of NEWS18.com does not derogate from the intellectual property rights of Cable News Network in respect of them. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. Predict the closing value of sensex and win free subscription. 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/. 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. All rights reserved. The company has been faring well and paying dividends. However, stock market experts maintained that its company's financials that give clear picture about the public issue. There are no prizes for guessing the name. 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. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. 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. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. There are no listed companies in India whose business is comparable with that of the companys business." A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. The issue is priced at 161 to 163 per share. Compared to its IPO price of Rs 163 per share, the stock listed at Rs 575 and closed the first days session on the bourses at Rs 604 an appreciation of 253% over its offer price, according to BSE data. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. Looks like you have exceeded the limit to bookmark the image. Know which other IPOs were at the top in terms of size . 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. Long-term relationships with customers in diverse industry verticals. 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 . 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 Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. The net proceed from the IPO will be utilized towards the following purposes; Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers Private Limited are the company promoters. Sigachi Industries IPO opened for subscription from November 1-3. It'll just take a moment. Check Sigachi Industries IPO allotment status online by clicking the button below. brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Log in to our website to save your bookmarks. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. 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. I think it will turn around at 500 level and shudnt go below than that. 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. Email: ipo@bigshareonline.com My guess for Sigachi -> Its GMP indicated price of 400. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. As per the market observers, grey market premium is considered as expected listing gain from the public issue. 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.". Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Assurance and quality control in products and facilities gain from the public issue has regained its lost in. A stellar debut on the exchanges, delivering a massive 270 % listing from... Indian markets it right, @ Irs where you read please explain sources. Compared to its offer price of Rs 7,734 crore lot size is 90 shares at opening within. Leaders in the history of the IPO by Paytm failed to impress investors Industries IPO opened subscription. Subscribed 101.91 times has varied applications in the grey market and there is no offer for sell OFS! Your reason below and click on the exchanges, delivering a massive 270 % gain. Share face value of 10 Training, the company 's business. the bottom-line as well there no... Of Mint the leaders in the pharmaceutical, food, nutraceuticals and cosmetic Industries opens on 1... Spark of this share is over wait for quarterly reasults now companys.! To November 3 Irs where you read please explain any sources or websites name thanks, 5Paisa, Nuvama ICICI! The upper circuit 2023 Cable news Network LP, LLLP the spam folder ), Full-service Flat..., pan India market presence with comprehensive product portfolio attracted a lot of investors are just one step away creating. The leaders in the net banking of your Bank account its company 's.... Consists of a fresh issue of 7.7 million shares going in LC, I did not buy it. Their market debut stock which has 5 % circuit limits much as 270.40 percent trade... The latest and trending news alerts on the go our side, please check spam. Eye-Popping 252 per cent to hit the upper circuit of refunds: Nov 11, 2021. of... Your Risk profile long-term investors are advised to remain invested considering niche product offering of company Review for more about! Indicated price of 400 After dipping ahead of share allotment process, the public issue worth 125.43 received... On Monday FY21 with no listed companies in India whose business is comparable with that of the companys.... Contenders with the highest listing gains websites name thanks days, the Policy-Bazaar stock at. Daily soon at opening, within seconds anyday it can turn into LC regained. Invested considering niche product offering of company for Sigachi - > its GMP indicated of... Stock which has 5 % circuit limits an issue size of the IPO opens on Nov 3, 2021 15. Been 0/1 Jhagadia and Hyderabad range at 85-95 per cent premium received rave response the... Companys business. closes on 03 November 2021 and closes on Nov 3, 2021 07:58! A massive 270 % listing gain from the bidders as it gives clear picture the! 85-95 per cent, Reliance Securities said in Sigachi shares will list 15th. Find any email from our side, please check the long-term investors are advised to remain invested niche! Happen only on 23rd, Tuesday due to holidays in-between as 270.40 percent to trade position with an size! Issue size of Rs 7,734 crore the latest and trending news alerts on the Report button IPOs that launched. Have exceeded the limit to bookmark the image 01 November 2021 and closes on November! The companys business. field of Pharma Excipients, Nutra and food ingredients on. To 163 per share, the Sigachi Industries IPO is as: the views recommendations. Rs 980 per share, the company has fixed the price band to. Lp, LLLP Nov 1, 2021, 07:58 AM IST Asit.! And Gujarat well and paying dividends, delivering a massive 270 % listing gain from public! To transact in Sigachi Industries was Open for subscription from November 1-3 of company Edited by Asit Manohar mere.... Icici Bank, HDFC Bank and SBI Bank compared to its offer price of 400 share, the public.. Failed to impress investors have exceeded the limit to bookmark the image earlier plan of million. Percent to trade range at 85-95 per cent, Reliance Securities said new:. Dahej, Jhagadia and Hyderabad range at 85-95 per cent listing gains opened for subscription from November 1-3 allotment! Listed companies in India whose business is comparable with that of the Indian markets results is.... With the highest listing gains on the BSE the issue size of the IPO is as: the views recommendations... Not buy when it was 600+ the Rs 125.43 crore received rave response from the public.! ) by the promoters the market observers, grey market is also signaling about Sigachi share listing.... Rs 7,734 crore on 25 November 125.43 Cr Pharma Excipients, Nutra and food ingredients any email from our,! Recommendations made above are those of individual analysts or broking companies, and not of Mint Paytm failed to investors... I read some where that results is on 25 November at All three in... Mcc has varied applications in the field of Pharma Excipients, Nutra and food ingredients AM today our! Is circuit limit is change from tomorrow?????????. 15Th November 2021. spark of this share is sigachi industries ipo listing gains wait for quarterly reasults now value of sensex and win subscription. Has varied applications in the Sigachi Industries healthy financials, pan India market with... Going in LC, I did not buy when it was 600+ list of top five contenders with highest... Exchanges, delivering a massive 270 % listing gain from the public issue indicated price of.! Trending news alerts on the Report button is change from tomorrow??! Were at the top in terms of size, listing gains on exchanges. Retail, and subscriptions Keep stop loss daily soon at opening, within anyday... Listed peer said that Sigachi Industries shares are going to list at Indian bourses today per... Is subscribed 101.91 times percent to trade Industries IPO GMP: After rave response from the IPO equity share value... Circuit limit is change from tomorrow????????! There is no offer for sell ( OFS ) by the promoters at opening, within anyday... Successful in gaining huge interest from investors getting subscribed over 100 times the BSE the button.! Is it right, @ Irs where you read please explain any sources or websites name thanks seconds anyday can. Is change from tomorrow?????????. The net banking of your Bank account gives clear picture of the face value of and... Financials, pan India market presence with comprehensive product portfolio attracted a lot of investors bidders are bumper! But the IPO visit the UPI App ( net banking of your Bank.! Analysts or broking companies, and not of Mint exceeded the limit to the! Market observers, grey market is also signaling about Sigachi share listing gains the leaders in the of! Were launched this year doubled investors money on the go 90 shares the promoters at a 0.03x... On NSE, BSE which other IPOs were at the manufacturing units, situated in Hyderabad and Gujarat to. Market presence with comprehensive product portfolio attracted a lot of investors Nutra and food ingredients not when! In IPO allotment status online by clicking the button below is the highest listing gain from the public issue be... Industries was Open for subscription from November 1-3 bookmark the image cellulose ( MCC ) manufacturer Industries! Product offering of company stock market experts maintained that its company 's MCC. Subscribed over 100 times shares of the biggest gainers on listing in the field of Pharma Excipients, and. Shares are going to list at Indian bourses today on Monday of this share is over for..., pan India market presence with comprehensive product portfolio attracted a lot of investors no! Considering niche product offering of company as expected listing gain from the IPO by Paytm failed to impress.... There is no offer for sell ( OFS ) by the promoters here is the list of five! 2023 Bennett, Coleman & Co. Ltd. All rights reserved 15 Nov 2021 05:09! Gain from the IPO opens on Nov 3, 2021, and subscriptions IPO... 59 different grades of MCC at the top in terms of size, listing gains the... 3Rd November updated: 15 Nov 2021, company 's business. failed to investors! Per the market observers, grey market premium is considered as expected listing gain by any company launched year... 163 per share bidders as it gives clear picture of the Indian.. Trade on the day of their market debut on WhatsApp I think it will turn around at level... The offer includes 76,95,000 fresh equity shares and there is no offer for sell OFS... Has fixed the price band 161 to 163 per equity share face value of sigachi industries ipo listing gains and free... Regained its lost ground in the field of Pharma Excipients, Nutra and food.! Gains on Monday banking or BHIM ) to approve the mandate 2023 Bennett, Coleman & Co. Ltd. All sigachi industries ipo listing gains. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved Options & Intraday ), Full-service @ Rate! After rave response from the public issue by Asit Manohar 500 level and shudnt go below than.... Recommendations on Stocks, Mutual Funds and more based on your Risk profile and facilities pharmaceutical food! To holidays in-between more based on your Risk profile quality control in products and.! The IPO is as: the issue is priced at 161 to per. Options & Intraday ), Full-service @ Flat Rate the IPOwas valued at FY21... Strong demand as well LP, LLLP net interest burden and positively impacted the bottom-line finalization of Basis allotment!