Thursday, November 4, 2021

Sigachi Industries IPO: GMP, Share Allotment, Listing Date Details

     



Sigachi Industries IPO: GMP, share allotment, listing date details


Sigachi Industries IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that opened on Monday


The initial public offering (IPO) of microcrystalline cellulose manufacturer Sigachi Industries received a whopping 101.91 times subscription on the last day of the offer on Wednesday. The IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer that had opened on November 1. 

As per market observers, Sigachi Industries shares are available at a premium (GMP) of ₹180 in the grey market. The shares of the company are expected to list on leading stock exchanges NSE and BSE on November 15, 2021.


The finalization of the basis of share allotment is likely to take place next week on Wednesday, November 10, 2021, and the equity shares are expected to be credited on bidders who got the allotment, on Friday, November 12. The bidders can check the allotment on IPO's registrar Bigshare Services Private Limited website or on BSE website.




Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.


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