All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. The two blockbuster listings of Monday followed another by online cosmetics retailer. Copyright HT Digital Streams Limited All rights reserved. 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. Looks like you have exceeded the limit to bookmark the image. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. According to market observers and IPOWatch, Sigachi IPO GMP (grey market premium) on Monday is Rs 230 and has remained unchanged for last two days. This is the highest listing gain by any company launched in year 2021. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . Here is the list of top five contenders with the highest listing gains on the day of their market debut. The shares will list on 15th November 2021. 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. 2499 1749, Monthly Read on to know which IPOs ruled the roost. Its very less stock float. Investors may consider an investment with a medium to long term perspective. 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. Sigachi Industries IPO latest details,Grey Market Premium,GMP Today,IPO Dates,Price,Lot Size,Analysis,Live Subscription, Recommendations,Allotment,Estimated Listing price,Listing day Profit/loss,News . 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. 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 :(. 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. @lokes, thank you so much for your suggestion, your view was right. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. IPO investors have been rewarded with superior gains. Sigachi Industries IPO Schedule. This will alert our moderators to take action. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. Remove some to bookmark this image. 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. Choose your reason below and click on the Report button. Dont miss out on ET Prime stories! Madinaguda, Hyderabad- 500 049, Experience Your Economic Times Newspaper, The Digital Way! 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. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. @LV: in sigachi it would be good if you could have bought at pre-open. The issue is priced at 161 to 163 per share. A Time Warner Company. 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Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. 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. 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. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. 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. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 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. 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. Steps to apply in Sigachi Industries IPO through Zerodha. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. But the IPO by Paytm failed to impress investors. There are no listed companies in India whose business is comparable with that of the companys business. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Download The Economic Times News App to get Daily Market Updates & Live Business News. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. But even that was not enough to create a record. Many would like to buy at 450-500 levels.. Telangana, India 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! The company raised a fund of 125.43 Crores. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading It'll just take a moment. Long-standing market presence in Pan India and Internationally. Receive the latest and trending news alerts on the go. In terms of the best debut on Dalal Street, Sigachi Industries fell behind the spectacular first innings of Tantia Constructions, which entered the secondary markets in April 2006. Presently with a GMP of Rs 220, market observers are estimating the listing gains to cross its price band and further gain above Rs 300 against its price band of Rs 161 . Know which other IPOs were at the top in terms of size . 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. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. Explore. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Your session has expired, please login again. There are no listed companies in India whose business is comparable with that of the companys business." Copyright HT Digital Streams Limited All rights reserved. ", Ankur Saraswat, Research Analyst at Trustline Securities said, "Sigachi Industries Limited is a leading manufacturer of MCC (cellulose based excipients) and it has a diversified portfolio with 59 different grades of MCC. Sigachi Industries IPO expected listing gain. 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. ", 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. They said that grey market premium is an unofficial data and one should not rely on it too much. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . All eyes are set on Sigachi Industries IPO listing on Monday. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. All rights reserved. Looks like you have exceeded the limit to bookmark the image. 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. The minimum order quantity is 90 Shares. As per the market observers, grey market premium is considered as expected listing gain from the public issue. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. 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