At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. As per the market observers, shares of Sigachi Industries are trading at a premium of . Bigshare Services Pvt Ltd is the registrar for the 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. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. 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 GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . 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. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. 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. This IPO is an entirely fresh issue. 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. Manoj Dalmia, Founder and Director at Proficient Equities, expects a good demand for the stock if earnings are positive in the coming weeks. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. 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. Thanks for your suggestion once again @lokes. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. Dont miss out on ET Prime stories! Please confirm Sigachi Industries IPO GMP (grey . Bid/Offer Opens On: Nov 1, 2021. There are no listed companies in India whose business is comparable with that of the companys business." Oops! Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. Days Trial. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. 2-Year Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Sigachi shares will be listed on bourses today. Market Research. 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. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. Long-term investors are advised to remain invested considering niche product offering of company. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. It'll just take a moment. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. 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. According to, There are no prizes for guessing the name. My guess for Sigachi -> Its GMP indicated price of 400. 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. Looks like you have exceeded the limit to bookmark the image. 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. 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. Flat 20 Per Trade in F&O, 30 days brokerage free trading , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. The German software giant aims to double its investments in India over the next five years. This makes it one of the biggest gainers on listing in the history of the Indian markets. 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. Sign in e-paper. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. Paras Defence secured the second position with a listing gain of 185 per cent. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. Flat 20 Per Trade in F&O, Free Equity Delivery 15th November 2021. Long-standing market presence in Pan India and Internationally. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. (2.) NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. 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. 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. The issue is priced at 161 to 163 per share. Sigachi IPO GMP today stood at Rs 230. 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. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . ET Now Digital. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Sigachi IPO listing gains. 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. Predict the closing value of sensex and win free subscription. Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. 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 . Download The Economic Times News App to get Daily Market Updates & Live Business News. spark of this share is over wait for quarterly reasults now. Is circuit limit is change from tomorrow??? The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. No interest seen for buying, though in green! It opened on 570. Check Sigachi Industries IPO allotment status online by clicking the button below. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. 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. Predict the closing value of sensex and win free subscription. 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. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. Sigachi Industries IPO Schedule. 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? Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. 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. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. 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. Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. Unlock your 30 days free access to ETPrime now. The shares are proposed to be listed on BSE, NSE. Why follow tips? The price band . @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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Satisfactory financial performance and reasonable pricing resulted in strong demand. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. There are no listed companies in India whose business is comparable with that of the companys business. The 125.43 crore IPO was subscribed 101.91 times with the price . Oops! Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. Its very less stock float. The price band ranges from Rs 161 to Rs 163. Listing Date: Nov 15, 2021. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. Madinaguda, Hyderabad- 500 049, NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. Receive the latest and trending news alerts on the go. Bid/Offer Closes On: Nov 3, 2021. A Time Warner Company. You can call zerodha to checkmay be it will come during daytime in account. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. 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. Predict the closing value of sensex and win free subscription. In case you cant find any email from our side, please check the spam folder. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." 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. At least for next few trading days, the only way to transact in Sigachi shares will be. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. It was not the bigger and well-known brand names in the industry that lured investors but some of the lesser-known names and smaller IPOs saw a high degree of investor participation. Log in to our website to save your bookmarks. 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. Download the Mint app and read premium stories. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading 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. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Sigachi Industries IPO opened for subscription from November 1-3. On the National Stock Exchange, Sigachi Industries shares opened for trading at Rs 570. 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. But even that was not enough to create a record. 1 min read . The minimum order quantity is 90 Shares. for expansion of production capacity for MCC at Dahej, Gujarat 28.15 crores, for expansion of production capacity for MCC at Jhagadia, Gujarat 29.24 crores, funding capital expenditure to manufacture CCS at the Proposed Unit 32.29 crores. 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. The Sigachi Industries IPO lot size is 90 shares. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. The stock rallied as much as 270.40 percent to trade . 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 :(. The stock rallied as much as 270.40 percent to trade at Rs 603.75 against an issue price of Rs 163, at 12:46pm. Email: ipo@bigshareonline.com Free - Relationship Manager 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 . 2499 1749, Monthly Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. 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. This will alert our moderators to take action. The company raised Rs 18,300 crore from this IPO. Quality assurance and quality control in products and facilities. This IPO hit the market in the month of July. Experience Your Economic Times Newspaper, The Digital Way! 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. Indigo Paint is at number five with a listing gain of 109 per cent. 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. This financial tool allows one to resolve their queries related to Public Provident Fund account. Remove some to bookmark this image. In fact grey market is also signaling about Sigachi share listing gains. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. Flat 20 Per Trade in F&O, FREE Account Opening (0) The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Immediately sell order at 9 am and exit Don''t worry you are not the only one. Get your daily dose of business updates on WhatsApp. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . Looks like you have exceeded the limit to bookmark the image. 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. 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. Phone: +91 040 4011 4874 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 . 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. Long-standing relationship with customers, solid financial profile, experienced promoters. The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. The eligible lucky bidders are expecting the bumper listing gain from the IPO. There are no prizes for guessing the name. 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. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. 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. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Website: https://sigachi.com/, Bigshare Services Pvt Ltd Tuesday, 21 February 2023. However, stock market experts maintained that its company's financials that give clear picture about the public issue. Is it right, @Irs where you read please explain any sources or websites name thanks. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Oops! 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. ", 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. 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. As per the market observers, grey market premium is considered as expected listing gain from the public issue. @LV: in sigachi it would be good if you could have bought at pre-open. The company had set its price band at Rs 161 - 163 per share. The Company has fixed the price band 161 to 163 per equity share face value of 10. Recommendation-Expect strong listing gains, book profits if needed.". 20/Trade (Options & Intraday), Full-service @ Flat Rate 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. In case you cant find any email from our side, please check the spam folder. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. Investors may consider an investment with a medium to long term perspective. 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. 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? He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. 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. 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. The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. Now Sigachi is going in LC, I did not buy when it was 600+. Register now. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . I had no hopes either so was not that disappointed. 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 details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. Your Reason has been Reported to the admin. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. Know which other IPOs were at the top in terms of size . Read all the Latest News, Breaking News and Coronavirus News here. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. UPI IPO application is offered by brokers who don't offer banking services. . Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Check the Sigachi Industries IPO allotment status. Read on to know which IPOs ruled the roost. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. Sad part, Latent was not allotted 0/1 in retail. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. 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. Visit the UPI App (net banking or BHIM) to approve the mandate. . 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. HNI investors portion was subscribed 172.43 times. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. They said that generally GMP of a public issue goes down after the share allotment but in the case of Sigachi Industries IPO, grey market has remained bullish. The latest tentative GMP of Sigachi Industries IPO is Rs 235. Copyright Network18 Media and Investments Ltd 2023. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Copyright HT Digital Streams Limited All rights reserved. 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 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. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Your session has expired, please login again. 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. 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. PLAN, Yearly Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. Mutual Funds. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. 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. 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. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. 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. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. 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. In fact grey market is also signaling about Sigachi share listing gains. Sigachi Industries has raised Rs 125.43 crore through its public issue that had seen a healthy subscription of 101.91 times during November 1-3. Investors, who had bid for the issue, can check the . The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Mumbai: Investor response to three stock market debutants - PB Fintech. Visit Zerodha IPO Application Process Review for more detail. 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. 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. Guys I read some where that results is on 25 November. Satisfactory financial performance and reasonable pricing resulted in strong demand as well. Sigachi Industries IPO expected listing gain. Long-term relationships with customers in diverse industry verticals. You are now subscribed to our newsletters. brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. Get notified real-time about the topics you like.
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