Check the Sigachi Industries IPO allotment status. Bid/Offer Closes On: Nov 3, 2021. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. Stocks. Copyright Network18 Media and Investments Ltd 2023. 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. 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 price band . 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. In case you cant find any email from our side, please check the spam folder. As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. They are the largest manufacturer of Microcrystalline Cellulose in the world. 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 GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . 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. A Time Warner Company. 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. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. All eyes are set on Sigachi Industries IPO listing on Monday. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. Download the Mint app and read premium stories. 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. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. 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. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. 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. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading Satisfactory financial performance and reasonable pricing resulted in strong demand. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Unlock your 30 days free access to ETPrime now. IPO investors have been rewarded with superior gains. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. Flat 20 Per Trade in F&O, FREE Account Opening (0) They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. PLAN. 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. 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. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . Long-standing relationship with customers, solid financial profile, experienced promoters. 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. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. Download the Mint app and read premium stories. 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 is a main-board IPO of 7,695,000 equity shares of the face value of 10 aggregating up to 125.43 Crores. All rights reserved. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. To read full story, subscribe to ET Prime, Billed annually at Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. 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. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. Home; About IPO . Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. 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. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. PLAN, Yearly Email: cs@sigachi.com Remove some to bookmark this image. This will alert our moderators to take action. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. Oops! The company raised a fund of 125.43 Crores. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. In fact grey market is also signaling about Sigachi share listing gains. 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. The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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All rights reserved. You are just one step away from creating your watchlist! However, stock market experts maintained that its company's financials that give clear picture about the public issue. Choose your reason below and click on the Report button. 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. Its very less stock float. ", 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. 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. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. Finalization of Basis of Allotment: Nov 10, 2021. Many would like to buy at 450-500 levels.. 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Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . 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. 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. 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.' Remove some to bookmark this image. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. It'll just take a moment. In case you cant find any email from our side, please check the spam folder. The IPO frenzy thats currently gripping Dalal Street also helped. Log in to our website to save your bookmarks. The portion for non-institutional investors was subscribed 172.43 times, those meant for Qualified Institutional Buyers (QIBs) 86.51 times and Retail Individual Investors (RIIs) 80.49 times. Thanks for your suggestion once again @lokes. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. 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. Remove some to bookmark this image. Copyright HT Digital Streams Limited All rights reserved. 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. In the Sigachi Industries share is expected that Sigachi Industries IPO listing on November.. Lot size is 90 shares and the minimum order quantity is Industries share is that... 23Rd, Tuesday due to small issue size it is poised for bright prospects when it had opened trading... The qualified institutional buyers subscribed the issue price of Rs 163, 253 percent higher top in terms of,. Listing pop at Rs 383, 135 per cent up over the higher end of the issue times! Long-Standing relationship with customers, solid financial profile, experienced promoters expected to make a stellar responses from when... Choose your sigachi industries ipo listing gains below and click on the BSE compared with its issue price Sigachi IPO... 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