Due to small issue size it is expected that the company will list in T2T segment," Doshi added. 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. 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. The company established itself as one of the dependable suppliers of their products in Asia, Australia, the American continent, Europe and Middle East. Finalization of Basis of Allotment: Nov 10, 2021. The Company has fixed the price band 161 to 163 per equity share face value of 10. Includes DocuBay and TimesPrime Membership. Sigachi Industries Share Listing Gains on NSE, BSE. Sigachi Industries IPO 101.90 times. Looks like you have exceeded the limit to bookmark the image. . was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Exports to 41 countries along with robust two R & D infrastructure. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. 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. But even that was not enough to create a record. The price band ranges from Rs 161 to Rs 163. This IPO hit the market in the month of July. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. 1 min read . 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. , which operates under the Nykaa brand, last week. Is it right, @Irs where you read please explain any sources or websites name thanks. A Time Warner Company. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. 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. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. IPO investors have been rewarded with superior gains. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . They said that grey market premium is an unofficial data and one should not rely on it too much. PLAN, Yearly Indigo Paint is at number five with a listing gain of 109 per cent. All rights reserved. During FY18-21, SIGACHIs MCC production volumes and revenues grew at a CAGR of 12.7% (to 11,240 MT) and 19.9% (to Rs 176 crore), respectively. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. 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. 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. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. 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. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. The IPO frenzy thats currently gripping Dalal Street also helped. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. The shares are proposed to be listed on BSE, NSE. 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. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. The company raised Rs 18,300 crore from this IPO. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. The minimum order quantity is 90 Shares. Days Trial 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 . 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. PLAN. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. 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. Choose your reason below and click on the Report button. The 125.43 crore IPO was subscribed 101.91 times with the price . Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. Sigachi Industries Share Listing Gains on NSE, BSE. 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. 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? 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 lot size is 90 Shares and the minimum order quantity is . For reprint rights: Times Syndication Service. Download The Economic Times News App to get Daily Market Updates & Live Business News. The Sigachi Industries IPO comprises of a fresh issue of 76.95 lakh shares and the company plans to raise Rs 125 crore, at the upper price band. Stocks. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 229/1 & 90, Kalyans Tulsiram Chambers, 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. 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. Phone: +91 040 4011 4874 The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. 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. The biggest IPO in terms of size in 2021 was that of Paytms parent company. On Monday, the stock one of the leading payments banks in India closed over 5 . Unlock your 30 days free access to ETPrime now. 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Thanks for your suggestion once again @lokes. Get your daily dose of business updates on WhatsApp. 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. Forgot to add another important thing. Strategically located, multi-locational manufacturing facilities. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. 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 . More than 60 mainboard IPOs have been launched this year and some of them have created a history either by issue size, listing gains or subscription. The company had set its price band at Rs 161 - 163 per share. The stock rallied as much as 270.40 percent to trade . The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. Sigachi shares will be listed on bourses 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. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. The issue is priced at 161 to 163 per share. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . ", Speaking on Sigachi Industries share listing gain; Manoj Dalmia, Founder & Director at Proficient Equities Limited said, "Sigachi shares may list around 400 per share levels delivering premium gains to the lucky bidders to the tune of 140 per cent. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. 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