Sigachi Industries IPO
Sigachi Industries Limited (SIGACHI) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 15 November 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +66.9% (likely range +46% to +128%), day's high +85.3%, chance of a gain 97%. Actual: +249.7% at the open, +267.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 15,39,000 | 13,31,37,000 | 86.5x | |
| NII (HNI) total | 11,54,250 | 19,90,31,670 | 172x | |
| Retail | 26,93,250 | 21,67,78,770 | 80.5x | |
| Total | 53,86,500 | 54,89,47,440 | 102x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 30% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Sigachi Industries's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| CSB BankNov 2019 | 62.2x | 165x | 44.5x | 86.9x | ₹410 Cr | +41.0% | +57.3% |
| Easy Trip PlannersMar 2021 | 77.5x | 382x | 70.4x | 159x | ₹513 Cr | +13.5% | +25.1% |
| Happiest Minds TechnologiesSep 2020 | 77.4x | 351x | 70.9x | 151x | ₹702 Cr | +110.8% | +137.9% |
| Astron Paper & Board MillsDec 2017 | 103x | 397x | 77.9x | 243x | ₹80.0 Cr | +130.0% | +141.5% |
| Nazara TechnologiesMar 2021 | 104x | 390x | 75.3x | 175x | ₹583 Cr | +80.7% | +83.9% |
| Burger King IndiaDec 2020 | 86.6x | 354x | 68.2x | 157x | ₹811 Cr | +87.5% | +125.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Unistone Capital | 13 | +47.7% | 100% |
Offer documents (NSE)
Frequently asked
What is the Sigachi Industries IPO price band and lot size? ₹161–163 per share, with a lot of 90 shares, so the smallest retail bid is ₹14,670.
How many times has it been subscribed? 102x overall: QIB 86.5x, NII 172x, retail 80.5x.
How did it list? It opened at ₹570, +249.7% against the issue price of ₹163, and closed its first day +267.2%.
