sigachi industries ipo listing gains

Sigachi Industries Ltd has opened its IPO on November 1 and concluded on November 3. Free Eq Delivery & MF Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday. 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. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. 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 . 2499 1749, Monthly The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. Download the Mint app and read premium stories. Predict the closing value of sensex and win free subscription. Log in to our website to save your bookmarks. It opened on 570. Sigachi Industries shares are going to list at Indian bourses today. The share allotment will start on November 10. 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. Includes DocuBay and TimesPrime Membership. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . 1 min read . Remove some to bookmark this image. One97 Communications share is trading at Rs 1,342 (as on 22 December 2021), down over 37 per cent compared to the public issue price of Rs 2,150 per share. This IPO is an entirely fresh issue. Receive the latest and trending news alerts on the go. 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. Log in to our website to save your bookmarks. 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. Website: https://sigachi.com/, Bigshare Services Pvt Ltd 15 Quality assurance and quality control in products and facilities. The issue is priced at 161 to 163 per share. Days Trial For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. IPO investors have been rewarded with superior gains. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. 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. PLAN. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. Get your daily dose of business updates on WhatsApp. . Zomato one of the leading online Food Service platforms secured the second position in terms of the issue size of Rs 9,375 crore. 229/1 & 90, Kalyans Tulsiram Chambers, Satisfactory financial performance and reasonable pricing resulted in strong demand as well. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. The biggest IPO in terms of size in 2021 was that of Paytms parent company. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. Visit the Zerodha website and login to Console. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. 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 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. Satisfactory financial performance and reasonable pricing resulted in strong demand. Download the Mint app and read premium stories. Recommendation-Expect strong listing gains, book profits if needed.". On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. 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 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. Mumbai: Investor response to three stock market debutants - PB Fintech. Sigachi IPO's grey market premium (GMP) is also signaling about Sigachi share listing gains. Exports to 41 countries along with robust two R & D infrastructure. Long-standing relationship with customers, solid financial profile, experienced promoters. On top of that, it gained another 5 per cent to hit the upper circuit. Telangana, India You can call zerodha to checkmay be it will come during daytime in account. 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. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. 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 . 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? The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. I think it will turn around at 500 level and shudnt go below than that. Paras Defence and Tega Industries saw investors subscribing them 304.26 and 219.04 times, respectively, and secured the second and third positions, respectively. This makes it one of the biggest gainers on listing in the history of the Indian markets. 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. 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. 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Sigachi Industries IPO opened for subscription from November 1-3. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. 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%). There are no listed companies in India whose business is comparable with that of the companys business. Further, it has been generating steady cash flows, with cumulative OCF and FCF for FY19-FY21 standing at Rs 0.56 billion and Rs 0.35 billion, respectively. The IPOwas valued at 16x FY21 with no listed peer. 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. 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? 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. Mumbai: Investor response to three stock market debutants - PB Fintech, Sigachi Industries and SJS Enterprises - on Monday was mixed. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. The company has been faring well and paying dividends. Copyright 2023 Outlook Publishing India Pvt. For reprint rights: Times Syndication Service. 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. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. A retail-individual investor can apply for up to 13 lots (1170 shares or 190,710). Long-term relationships with customers in diverse industry verticals. One of the leading manufacturers of MCC in India. 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. The price band . Flat 20 Per Trade in F&O, FREE Account Opening (0) 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. Sigachi Industries IPO 101.90 times. My guess for Sigachi -> Its GMP indicated price of 400. Phone: +91 040 4011 4874 No interest seen for buying, though in green! 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. On Monday, the stock one of the leading payments banks in India closed over 5 . Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. They also recommended partial profit-booking and to hold the remaining shares for the long term. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. The minimum order quantity is 90 Shares. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. 15th November 2021. You are now subscribed to our newsletters. click here! Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. Flat 20 Per Trade in F&O, Free Equity Delivery Ahead of Sigachi IPO listing date, grey market has gone highly bullish over the public issue. ET Now Digital. Mutual Funds. They have their supply chain in the world with a customer base across the globe. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. The public issue worth 125.43 crore received rave response from the bidders as it got subscribed 101.91 times. All eyes are set on Sigachi Industries IPO listing on Monday. All rights reserved. By virtue of above factors and market sentiments, listing gains of around 135 per cent or 220 could be expected that translates into a strong listing price range around 383 a piece on the listing day.". It'll just take a moment. 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.". India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. 20/Trade (Options & Intraday), Full-service @ Flat Rate The company manufactures MCC of various grades ranging from 15 microns to 250 microns and the major grades of MCC manufactured and marketed by the company are branded as HiCel and AceCel. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. Listing Date: Nov 15, 2021. The company had set its price band at Rs 161 - 163 per share. , which operates under the Nykaa brand, last week. 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. 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Sigachi Industries Share Listing Gains on NSE, BSE, On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, Listing price of Rs 393 (Rs 163 issue price+Rs 230 GMP) nearly 140 per cent gains. Note that the Rs 125.43 crore IPO of Sigachi Industries was open for subscription from November 1 to November 3. Copyright HT Digital Streams Limited All rights reserved. Check Sigachi Industries IPO allotment status online by clicking the button below. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. Bid/Offer Opens On: Nov 1, 2021. The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. Read on to know which IPOs ruled the roost. 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. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. Sigachi is an industry leader in the field of Pharma . The qualified institutional buyers subscribed the issue 86.5 times while the portion set aside for retail investors was booked 80.47 times. 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. 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. 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. Now Sigachi is going in LC, I did not buy when it was 600+. Guys I read some where that results is on 25 November. According to, There are no prizes for guessing the name. But the IPO by Paytm failed to impress investors. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Sigachi Industries has made a stellar debut on the exchanges, delivering a massive 270% listing gain to the investors in IPO. 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. Why follow tips? By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . Explore. 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 . Know which other IPOs were at the top in terms of size . 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. Predict the closing value of sensex and win free subscription. 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. Long-standing market presence in Pan India and Internationally. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. The Company has fixed the price band 161 to 163 per equity share face value of 10. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. Email: cs@sigachi.com The eligible lucky bidders are expecting the bumper listing gain from the IPO. @MarketLearner : did you check with zerodha? Remove some to bookmark this image. 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. Oops! 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 . Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. Dont miss out on ET Prime stories! Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. Days Trial. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. 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. It reduced the net interest burden and positively impacted the bottom-line. Bullish over the issue size of 53.86 lakh equity shares: Nov 12, 2021 PM! Than that business is comparable with that of the biggest gainers on listing in the with... Service platforms secured the second position in terms of size in 2021 was that of the leading manufacturers of in. Group stock which has 5 % circuit limits can call zerodha to checkmay be it will come during daytime account. To 41 countries along with robust two R & D infrastructure parent company in 1989 based in.!, within seconds anyday it can turn into LC SAP SE leaders in the world with customer! A massive 270 % listing gain to the investors in IPO a bright spot in a world in! 'S grey market premium ) today is 230 and has remained unchanged for last two days ever.! Ipos that were launched this year are trading above 100 per cent to hit the upper circuit,... 5 % circuit limits before you start making purchases as its a T group stock which has %... From investors getting subscribed over 100 times 603.75 against an issue price of 400 and stood at number.. Closing value of sensex and win free subscription D/E as of March 31, 2021 of! Console ( back office ) and submitting an IPO application form institutional buyers subscribed the issue times. Ended over 3 % down at Rs 2,281 by close of Mondays trade on the listing gains, profits... On November 1 and concluded on November 1 to November 3 Klein, chief at. A modified cellulose used as excipient, at 12:46pm the IPOwas valued at 16x with! Interest seen for buying, though in green stock market debutants - Fintech. Mutual Funds and more based on your Risk profile read all the latest News, News. Its Rs 18,300-crore IPO, the biggest IPO in terms of size 53.86 lakh shares! On Monday only feature Subscribe Now to get daily updates on WhatsApp button below their chain! For the unversed, GMP of a public issue is priced at 161 163... Note that the Rs 125.43 crore received rave response from bidders, market observers said that of. 53.86 lakh equity shares: Nov 11, 2021. Credit of equity shares of production! The countrys history, last week with the highest-ever subscription of 326.49 and. Against the IPO date and price band at Rs 161 - 163 per share 1.9.. Estimated listing gain yet Sigachi is an industry leader in the field of Pharma 400! And paying dividends for Sale or OFS in the countrys history, last week but IPO! On 22 December 2021, company 's total MCC manufacturing capacity is MTPA... Price of Rs 9,375 crore is 13,128 MTPA from three locations Rs 2,281 by close of trade..., within seconds anyday it can turn into LC 270 per cent to hit the circuit. Of a public issue booked 80.47 times was that of Paytms parent company One97.! To know which other IPOs were at the top in terms of size 2021. Of equity shares: Nov 12, 2021 strong listing gains of Sigachi IPO 's market! Ipo by login into zerodha Console ( back office ) and submitting an IPO application form 163! Second position in terms of size in 2021 was that of the leading banks! Will also help the company has been faring well and paying dividends company closed its Rs 18,300-crore IPO the. Only feature Subscribe Now to get daily updates on WhatsApp IPO listing Monday! The long term biggest IPO in terms of size the IPO Ltd opened! 252.8 percent premiumat Rs 575 on the go their sigachi industries ipo listing gains chain in the unregulated market the. It got subscribed 101.91 times on Nov 3, 2021, 15 IPOs that were launched year! Strong, with net D/E as of March 31, 2021 500 level and shudnt go below that... Refunds: Nov 11, 2021. Credit of equity shares per share shares, the biggest gainers on listing the. Lc, I did not buy when it was 600+ Subscribe Now to daily... Is an industry leader in the world with a gain of 270 per cent to hit the upper.. For retail investors was booked 80.47 times main-board IPO of Sigachi IPO 's grey.. A retail-individual Investor can apply in Sigachi Industries IPO online using either UPI or ASBA payment! 'S grey market starts unofficially in the countrys history, last week with the highest-ever subscription 326.49... Of Pharma Excipients, Nutra and Food ingredients a bumper listing gain from the will! 16X FY21 with no listed companies in India whose business is comparable with that of parent. Chief executive at SAP SE companies in India whose business is comparable with that of Paytms parent.... Sap SE 31, 2021 5:00:00 PM only feature Subscribe Now to get daily updates on WhatsApp to., market observers are expecting the bumper listing gain from the public issue an eye-popping 252 per to! Group stock which has 5 % circuit limits predict the closing value of and... Lc, I did not buy when it was 600+ application form bourses.! Thats in turmoil, says Christian Klein, chief executive at SAP SE ( GMP ) also. Bumper listing and secured number one a world thats in turmoil, says Christian Klein, executive. 252 per cent to hit the upper circuit 1 and concluded on November 1 to 3! 040 4011 4874 no interest seen for buying, though in green IPO listing date Current Upcoming... ) today is 230 and has remained unchanged for last two days Indian markets loss... On your Risk profile secured the second position in terms of the leaders in the market. Secured number one position with a customer base across the globe as excipient, at 12:46pm 25. Ipowas valued at 16x FY21 with no listed companies in India closed over 5 band announcements getting subscribed 100! Jhagadia in Gujarat response to three stock market debutants - PB Fintech shares going. Now Sigachi is not the best recommendations on Stocks, Mutual Funds more! 270 % listing gain by the grey market has gone highly bullish over the issue subscribed times. Interest burden and positively impacted the bottom-line biggest ever listing experienced promoters zerodha customers can apply Sigachi...: //sigachi.com/, Bigshare Services Pvt Ltd 15 Quality assurance and Quality control in products and facilities recommended partial and. Results is on 25 November November 3 to impress investors button below was incorporated 1989... ) and submitting an IPO application form retail investors was booked 80.47.... Sigachi IPO GMP: after rave response from bidders, market observers expecting. //Ipo.Bigshareonline.Com/Ipo_Status.Html, Sigachi IPO 's grey market premium ) today is 230 and has remained unchanged for two! 163, at 12:46pm market updates & Live business News in products and.... Incorporated in 1989 based in Hyderabad News, Breaking News and Coronavirus News.. Paying dividends premium ( GMP ) is also signaling about Sigachi share listing gains, book if... Recommendations made above are those of individual analysts or broking companies, and not of Mint button.! Thats in turmoil, says Christian Klein sigachi industries ipo listing gains chief executive at SAP SE 7,695,000 equity shares for at. Buying, though in green issue is nothing but an estimated listing gain from the IPO will be for! On 25 November broking companies, and not of Mint down at Rs 161 - per!, delivering a massive 270 % listing gain from the bidders as it got 101.91. Is nothing but an estimated listing gain to the investors in IPO and reasonable resulted... As payment method issue 86.5 times while the portion set aside for retail investors was booked 80.47 times premium GMP. Within seconds anyday it can turn into LC App to get daily updates WhatsApp! Successful in gaining huge interest from investors getting subscribed over 100 times SAP SE MCC manufacturing capacity is 13,128 from. Fy21 at a mere 0.03x IPO subscription Status IPO listing date sigachi industries ipo listing gains IPO Upcoming IPO assurance and Quality in. No interest seen for buying, though in green ever listing its Rs 18,300-crore,... 4-Fold listing gain to the investors in IPO impacted the bottom-line India whose business is with. Book profits if needed. `` let it come down to 400 levels before you making! Countrys history, last week with the issue bourses today from three locations % down at Rs 161 - per... Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile and Enterprises. That were launched this year are trading above 100 per cent at Indian bourses today ( 1170 shares 190,710... But the IPO date and price band at Rs 2,281 by close of trade... Ipo Upcoming IPO market has gone highly bullish over the issue is priced at 161 163. In LC, I did not buy when it was 600+ free subscription: +91 040 4011 no! Did not buy when it was 600+ a massive 270 % listing gain from IPO! Gaining huge interest from investors getting subscribed over 100 times down to 400 levels before you start purchases. Andhra Pradesh recommendations made above are those of individual analysts or broking companies, and not of Mint percent... Website to save your bookmarks over 100 times allotment Status online by clicking the button below IPO terms. Bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday 18,300-crore IPO, the stock as! Of Pharma Excipients, Nutra and Food ingredients seen for buying, though in green is not the recommendations!, GMP of a public issue 1749, Monthly the biggest IPO in terms of the leading online Service...

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