Sigachi Industries Limited made a blockbuster debut on the stock exchanges on Monday
Shares of Sigachi Industries listed on BSE at Rs 575, a premium of 252.76 per cent over the higher end of the issue price
- Last Update:November 15, 2021 at 10:24 am
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Sigachi Industries made a great start in the stock market on Monday, 15 November. Shares of Sigachi Industries opened at Rs 575 on the BSE, which is a 252.76 per cent premium from the high end of the issue price of Rs 163. On NSE, the stock of Sigachi Industries opened on Monday. 570 Rs. Strong financial position, pan India presence, effective management helped Sigachi Industries to open record numbers in the stock markets.
The initial public offering (IPO) of Sigachi Industries opened for subscription to a great response from investors. Sigachi Industries IPO 101.90 times. Investors bid for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. Eligible institutional buyers subscribed 86.5 times to the issue, while the portion set aside for retail investors was booked 80.47 times. The share of HNI investors was subscribed 172.43 times.
Started in 1989, Sigachi Industries manufactures 59 different grades of Microcrystalline Cellulose (MCC). Spread across Hyderabad and Gujarat, the company is one of the leading manufacturers in India with a total installed capacity of 11,880 MTPY. With over 30 years of continuous development, three multi-local manufacturing facilities and a consistent focus on delivering premium quality products.
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