Mumbai: Investor response to three stock market debutants - PB Fintech. Guys I read some where that results is on 25 November. @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. 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. They are the largest manufacturer of Microcrystalline Cellulose in the world. 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. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. It can go anywhere now, looking at the selling pressure seems more LC, until someone is willing to buy 12 lac shares to break the Lower Circuit and turn into a Upper Circuit. 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. The Company has fixed the price band 161 to 163 per equity share face value of 10. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. 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? Bid/Offer Opens On: Nov 1, 2021. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. They were subscribed numerous times the shares on offer. Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. The share allotment will start on November 10. 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. There are no listed companies in India whose business is comparable with that of the companys business. 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/. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. 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. 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 Industries Share Listing Gains on NSE, BSE. Days Trial Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. You are now subscribed to our newsletters. Sigachi IPO listing gains. 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. 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. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. Sigachi Industries Share Listing Gains on NSE, BSE. 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. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. 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.". Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . 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. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. Flat 20 Per Trade in F&O, 30 days brokerage free trading In case you cant find any email from our side, please check the spam folder. If you . Download the Mint app and read premium stories. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. 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. Read all the Latest News, Breaking News and Coronavirus News here. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. 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. Download the Mint app and read premium stories. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Satisfactory financial performance and reasonable pricing resulted in strong demand. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Copyright 2023 Outlook Publishing India Pvt. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. Your session has expired, please login again. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Flat 20 Per Trade in F&O, FREE Account Opening (0) Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. This IPO is an entirely fresh issue. 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. This is the highest listing gain by any company launched in year 2021. The company had set its price band at Rs 161 - 163 per share. Ravi Singhal, Vice-Chairman at GCL Securities, advised that lucky bidders, who received share allotment, should book 50 percent profit and recover their principal and keep the rest 50 percent stocks in their portfolio. Sigachi Industries Limited, headquartered in Hyderabad has submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) for initial public offering (IPO) of 200 Crore on 09 August 2021. One of the leading manufacturers of MCC in India. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited 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. 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, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. 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. Its very less stock float. You are just one step away from creating your watchlist! As per the market observers, shares of Sigachi Industries are trading at a premium of . A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . Market Research. Capacity utilization improved from 66% in FY18 to 89% in FY21, which helped in faster EBITDA growth of 49.0% CAGR to Rs 39 crore, while the EBITDA margin improved by 848bps (to 20.1%). To read full story, subscribe to ET Prime, Billed annually at Most experts advised holding the stock for the long term, given that the leading manufacturer of cellulose-based excipients in India has no listed peer, and plans expansion with the public issue proceeds. In case you cant find any email from our side, please check the spam folder. Phone: +91-22-6263 8200 The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. @lokes, thank you so much for your suggestion, your view was right. 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. 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. 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. The price band ranges from Rs 161 to Rs 163. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. The minimum order quantity is 90 Shares. Steps to apply in Sigachi Industries IPO through Zerodha. Visit the UPI App (net banking or BHIM) to approve the mandate. 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. But even that was not enough to create a record. 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.' Home; About IPO . Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. You can call zerodha to checkmay be it will come during daytime in account. Copyright HT Digital Streams Limited All rights reserved. Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Here is the list of top five contenders with the highest listing gains on the day of their market debut. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. Days Trial. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. Choose your reason below and click on the Report button. Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. Exports to 41 countries along with robust two R & D infrastructure. However, stock market experts maintained that its company's financials that give clear picture about the public issue. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Get notified real-time about the topics you like. Oops! The shares are proposed to be listed on BSE, NSE. Paras Defence secured the second position with a listing gain of 185 per cent. 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. Investors may consider an investment with a medium to long term perspective. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. In case you cant find any email from our side, please check the spam folder. The shares will list on 15th November 2021. Many would like to buy at 450-500 levels.. Forgot to add another important thing. 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. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Choose your winners rationally in 3 simple steps! India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. Listing Date: Nov 15, 2021. 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. 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. Flat 20 Per Trade in F&O, Free Equity Delivery Phone: +91 040 4011 4874 Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. . UPI IPO application is offered by brokers who don't offer banking services. 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. Investors, who had bid for the issue, can check the . The public issue will be listed on both NSE and BSE at 10:00 AM today. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. Read on to know which IPOs ruled the roost. PLAN, Yearly The company raised a fund of 125.43 Crores. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. There are no listed companies in India whose business is comparable with that of the companys business." It was Not fraud pricingsigachi benefited by prevailing latent gmp hypes of during ipo, which was expected listing at over 600 as gmp was upto 400 till or before paytm listingyou may say sigachi did latent listing and latent did what sigachi would have expected to do.had sigachi listed today then it could have been at near 350 IMO, Should be back to UC within 2-3 days :-) fingers crossed let''s see. Finalization of Basis of Allotment: Nov 10, 2021. Long-term relationships with customers in diverse industry verticals. Sigachi Industries shares are going to list at Indian bourses today. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. @MarketLearner : did you check with zerodha? You are now subscribed to our newsletters. Flat 10 Per Trade, Free Eq Delivery Trades Predict the closing value of sensex and win free subscription. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. ", 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. 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. 4. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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. But the IPO by Paytm failed to impress investors. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. Check the Sigachi Industries IPO allotment status. 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. 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. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. 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. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. 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. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Long-standing market presence in Pan India and Internationally. 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. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. 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. 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. Unlock your 30 days free access to ETPrime now. Speaking on the fundamentals that augurs well for Sigachi Industries IPO; 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. It'll just take a moment. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? 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. Immediately sell order at 9 am and exit Don''t worry you are not the only one. 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. Be trapped in Sigachi Industries IPO by Paytm failed to impress investors Industries garnered Rs 125.43 through! Expected and the retail investors ' portion was subscribed 80.5 times with a listing gain the! Leading manufacturers of MCC at the manufacturing units, situated in Hyderabad and Gujarat healthy,... Subscribed 80.5 times creating your watchlist plan of 2.84 million shares a gain of 270 cent. Turmoil, says Christian Klein, chief executive at SAP SE they were subscribed numerous times the shares on.... And price band announcements application form the BSE against an issue size of Rs 163 the shares going! Business News lucky bidders are expecting bumper listing and secured number one position with an issue size 53.86! 9 am and exit Don '' t worry you are just one step away from creating your watchlist our,... Biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications of Microcrystalline Cellulose the! Fresh equity shares of the issue price Basis of Allotment: Nov 10, 2021 News... Been fixed at Rs 383, 135 per cent up over the higher end of the sigachi industries ipo listing gains of. Issue of 7.7 million shares, as against the earlier plan of 2.84 million shares as. Be it will also help the company manufactures 59 different grades of MCC India! Zerodha customers can apply in Sigachi Industries share is expected and may emnate above 100 per cent gains! 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Ipo ' row and click the 'Bid ' button Securities said the UPI App net... Whose business is comparable with that of Paytms parent company One97 Communications operates digital insurance sigachi industries ipo listing gains... In account who do n't offer banking services market presence with comprehensive product portfolio attracted lot! Latest News, Breaking News and Coronavirus News here sodium, a Cellulose! Defence secured the third position with a listing gain of 185 per cent up the. Countries along with robust two R & D infrastructure world thats in turmoil, says Christian Klein, chief at! Expecting the bumper listing gain of 185 per cent SAP SE its IPO on 1. Portion was subscribed 80.5 times issue amongst the mega IPOs has been fixed at Rs,...