Sigachi Industries Limited which had tapped the capital markets with its fresh issue for 76.95 lac shares in a price band of Rs 161-163 was subscribed 101.91 times. The company created history with its shares gaining a massive 270.40% on debut. This is the best performance in the last 12-13 years. The discovered price on BSE was Rs 575 at which price 68,242 shares were traded. On NSE, the discovered price was Rs 570 at which price 8,92,690 shares were traded.
The company had earlier completed allocation to anchor investors. The issue had opened on Monday the 1st of November and closed on Wednesday the 3rd of November.
The company allotted 23,08,500 equity shares amongst two anchor investors equally. They are 3 Sigma Global Fund and Nexus Global Opportunities Fund Limited which were each allotted 11,54,250 shares at the top end of the price band of Rs 163.
The QIB portion was subscribed 86.51 times, HNI portion was subscribed 172.43 times and the Retail portion was subscribed 80.49 times. The overall issue was subscribed 101.91 times. There were 20,72,674 applications and on basis of lots, the retail portion was subscribed 69.26 times.
The share would trade in a trade-to-trade mode for ten trading sessions as the size of the issue is under Rs 250 crs. The pattern witnessed in the share was identical to the recently listed Paras Defence which was issued at Rs 175. The share hit a high of Rs 1,272.05 before correcting itself and now trades at Rs 789.55.
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 575.00 | 603.75 | 570.45 | 603.75 | 440.75 | 270.40 | 599.59 | 561818 | 561818 | 100.00 |
| NSE | 570.00 | 598.50 | 570.00 | 598.50 | 435.50 | 268.18 | 581.43 | 1498294 | 1498294 | 100.00 |
| Total | 2060112 | 2060112 | 100.00 |
The high on BSE was Rs 603.75, the low was Rs 570.45 and the close was Rs 603.75. On NSE, the high was Rs 598.50, the low was Rs 570 and the close was Rs 598.50. The traded volume on the two exchanges combined was 20.60 lacs which was 27% of the issue size of 76.95 lac shares and 38.25% of the non-anchor size of 38.25%. Delivery volume was 100% of the traded volume as the share is in a trade-to-trade category. A weighted average of the share was Rs 599.59 on BSE and Rs 581.43 on NSE.
The share has had a phenomenal start at the bourses. On hopes that the share has financial performance which match the price-performance as well.
