The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. Your Reason has been Reported to the admin. Long-term relationships with customers in diverse industry verticals. Long-standing market presence in Pan India and Internationally. Why follow tips? 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. Your session has expired, please login again. Sigachi Industries IPO expected listing gain. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. MCC has varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. Sigachi Industries IPO Open Date on 01 November 2021 and closes on 03 November 2021. 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. 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. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain . Download The Economic Times News App to get Daily Market Updates & Live Business News. 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 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. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. They said that grey market premium is an unofficial data and one should not rely on it too much. 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. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." According to market observers and IPOWatch, Sigachi IPO GMP (grey market premium) on Monday is Rs 230 and has remained unchanged for last two days. UPI IPO application is offered by brokers who don't offer banking services. It reduced the net interest burden and positively impacted the bottom-line. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. The shares are proposed to be listed on BSE, NSE. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. 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. Sign in e-paper. Days Trial. It ended over 3% down at Rs 2,281 by close of Mondays trade on the BSE. 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. 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. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. 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. Sigachi Industries IPO: After announcement of share allotment yesterday, lucky bidders of the public issue are anxiously waiting for the listing date i.e. Sigachi shares will be listed on bourses today. Bid/Offer Opens On: Nov 1, 2021. MATR Technology and Tatva Chintan secured the fourth and fifth positions, with 200 and 180 times subscriptions, respectively. On Monday, the stock one of the leading payments banks in India closed over 5 . Here is the list of top five contenders with the highest listing gains on the day of their market debut. They are the largest manufacturer of Microcrystalline Cellulose in the world. The IPO frenzy thats currently gripping Dalal Street also helped. Read on to know which IPOs ruled the roost. Market Research. 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. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited The Sigachi Industries IPO is subscribed 101.91 times on Nov 3, 2021 5:00:00 PM. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 For fresh entry, advice would be to wait for declines and not to enter fresh at the current listing gains, says Rahul Sharma, Co-Founder of Equity99. Flat 20 Per Trade in F&O, 30 days brokerage free trading You are now subscribed to our newsletters. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. This IPO is an entirely fresh issue. The price band . IPO investors have been rewarded with superior gains. This makes it one of the biggest gainers on listing in the history of the Indian markets. After listing at a premium of 253% over the offer price, Sigachi shares were locked at the upper circuit of 603.75, 270% . The price band ranges from Rs 161 to Rs 163. The minimum order quantity is 90 Shares. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. Tuesday, 21 February 2023. The company raised Rs 18,300 crore from this IPO. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. FREE Intraday Trading (Eq, F&O), Free Equity Futures Trading But even that was not enough to create a record. In fact, grey market is also reflecting about strong listing of the public issue as shares of Sigachi Industries are available at a premium of 200 in the grey market today. Home; About IPO . 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! For reprint rights: Times Syndication Service. 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. 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. 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. But the IPO by Paytm failed to impress investors. 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. Exports to 41 countries along with robust two R & D infrastructure. 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 :(. 2-Year Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. Copyright HT Digital Streams Limited All rights reserved. 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 unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Explore. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. PLAN. The share allotment will start on November 10. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 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 company has an in-house R&D division equipped with the necessary facilities to carry out all necessary trials to develop new molecules from concept to commissioning. Now Sigachi is going in LC, I did not buy when it was 600+. 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. @LV: in sigachi it would be good if you could have bought at pre-open. Follow us on Facebook, Twitter and Telegram. PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. 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 . The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. 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. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. Know which other IPOs were at the top in terms of size . 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. In case you cant find any email from our side, please check the spam folder. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. They advised bidders to look at the financials of the company as it gives clear picture of the company's 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. All rights reserved. However, there were some listing disappointments as well on D-Street.On Monday, SJS Enterprises, a decorative aesthetics manufacturer for the automotive and consumer appliances industries, listed at a marginal discount to its offer price of Rs 542 per share.It lost further ground through the session to close at Rs 510, a discount of nearly 6% to the offer price and down 6% on the day, BSE data showed. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Looks like you have exceeded the limit to bookmark the image. No interest seen for buying, though in green! Phone: +91-22-6263 8200 Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . 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. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . 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. Latent View Analytics, data and analytics consulting company, and Tatva Chintan stood at number three and four positions, with listing gains of 148 per cent and 113 per cent, respectively. 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. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. The institutional buyers' portion got bids up to 87 times and the retail investors' portion was subscribed 80.5 times. The shares will list on 15th November 2021. 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/. Phone: +91 040 4011 4874 You are just one step away from creating your watchlist! All rights reserved. Free Eq Delivery & MF 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. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. According toEY Global IPO Trend Report 2021, India stands at the sixth position in the world in terms of new launches and at seventh position in terms raising capital from the primary market through the IPO route. Copyright HT Digital Streams Limited All rights reserved. Days Trial Powergrid Investment trust secured the third position with an issue size of Rs 7,734 crore. One of the leading manufacturers of MCC in India. 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? Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. 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. Zerodha customers can apply online in Sigachi Industries IPO using UPI as a payment gateway. Download The Economic Times News App to get Daily Market Updates & Live Business News. The IPOwas valued at 16x FY21 with no listed peer. I think it will turn around at 500 level and shudnt go below than that. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . They should hold Sigachi Industries shares for a one-month target of Rs 888 maintaining a stop loss at Rs 530 per share levels.. ", Ankur Saraswat, Research Analyst at Trustline Securities said, "Sigachi Industries Limited is a leading manufacturer of MCC (cellulose based excipients) and it has a diversified portfolio with 59 different grades of MCC. You can apply in Sigachi Industries IPO online using either UPI or ASBA as payment method. The strong response from the investors, robust financials, high premium in the grey market indicate a bumper listing for Sigachi Industries IPO on Monday. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. 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. 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. It'll just take a moment. 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 . Download the Mint app and read premium stories. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. 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. Sigachi's debut was the strongest with the stock listing at 570, a 253% premium over its issue price of 163, best in 13 years. According to, There are no prizes for guessing the name. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. It'll just take a moment. 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 . As per the stock market experts, Sigachi shares are expected to make a stellar debut on Dalal Street. 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. . The stock rallied as much as 270.40 percent to trade . Log in to our website to save your bookmarks. This will alert our moderators to take action. The Sigachi Industries IPO lot size is 90 shares. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. 229/1 & 90, Kalyans Tulsiram Chambers, Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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 . 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. Long-standing relationship with customers, solid financial profile, experienced promoters. 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. Due to the small size of the IPO, the initial listing will be in the T group that may curtail speculative moves. Oops! The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. , 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 Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. 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. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. This is the highest listing gain by any company launched in year 2021. Choose your winners rationally in 3 simple steps! To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Sigachi Industries Share Listing Gains on NSE, BSE. 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. 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. I had no hopes either so was not that disappointed. Robin Kaushik Oct 26 2021 05:59:29 AM Reply. The minimum order quantity is 90 Shares. Investors, who had bid for the issue, can check the . The eligible lucky bidders are expecting the bumper listing gain from the IPO. The company raised a fund of 125.43 Crores. 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 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. Download the Mint app and read premium stories. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Bid/Offer Closes On: Nov 3, 2021. So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. 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. Copyright 2023 Outlook Publishing India Pvt. Ahead of Sigachi IPO listing, grey market has gone highly bullish over the issue. Flat 20 Per Trade in F&O, Free Equity Delivery 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. NEW DELHI: Sigachi Industries Limited's Rs 125.42-crore initial public offer was concluded on Wednesday. On top of that, it gained another 5 per cent to hit the upper circuit. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. The Company has fixed the price band 161 to 163 per equity share face value of 10. Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. At least for next few trading days, the only way to transact in Sigachi shares will be. There are no prizes for guessing the name. Log in to our website to save your bookmarks. To read full story, subscribe to ET Prime, Billed annually at ASBA IPO application is available in the net banking of your bank account. ET Now Digital. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. 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 . PLAN, Yearly 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. It opened on 570. 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. click here! 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. Flat 20 Per Trade in F&O, FREE Account Opening (0) You are now subscribed to our newsletters. Oops! The company has been faring well and paying dividends. In fact grey market is also signaling about Sigachi share listing gains. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Its very less stock float. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? 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. Get notified real-time about the topics you like. Listing Date: Nov 15, 2021. 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. 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. The public issue subscribed 80.49 times in the retail category, 86.51 times in the QIB category, and 172.43 times in the NII category. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions. Many would like to buy at 450-500 levels.. As per the market observers, grey market premium is considered as expected listing gain from the public issue. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. It will also help the company to manufacture croscarmellose sodium, a modified cellulose used as excipient, at Kurnool in Andhra Pradesh. The 125.43 crore IPO was subscribed 101.91 times with the price . 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. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. Sigachi is an industry leader in the field of Pharma . Guys I read some where that results is on 25 November. Copyright Network18 Media and Investments Ltd 2023. Sigachi IPO GMP today stood at Rs 230. Strategically located, multi-locational manufacturing facilities. Remove some to bookmark this image. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. 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.' Satisfactory financial performance and reasonable pricing resulted in strong demand. 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 Sigachi IPO GMP today is 230, it simply means that grey market is expecting that the public issue would list at around 393 ( 163 + 230), which is around 140 per cent higher from its price band of 161 to 163 per equity share. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. Go to the 'Sigachi Industries IPO' row and click the 'Bid' button. After dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. Due to small issue size it is expected that Sigachi Industries will list in T2T segment. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. Sigachi Industries IPO GMP: After rave response from bidders, market observers are expecting bumper listing gain from the public issue . 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. Email: ipo@bigshareonline.com The issue is reasonably priced based on its financial performance and the virtual monopolistic nature of business, it is poised for bright prospects. The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall.
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