sigachi industries ipo listing gains

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. You are now subscribed to our newsletters. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. Copyright HT Digital Streams Limited All rights reserved. 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. The biggest IPO in terms of size in 2021 was that of Paytms parent company One97 Communications. 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. For instance, Latent View created history with the highest-ever subscription of 326.49 times and stood at number one. Sigachi Industries, manufacturer of Microcrystalline Cellulose, got a bumper listing and secured number one position with a gain of 270 per cent. The markets are now gearing up for the listing of tech-driven payments solutions pioneer One97 Communications, which operates under the. Get details on latest GMP, Grey Market Premium, Kostak, Subject to Sauda and recommendations with in depth analysis for Sigachi Industries Limited IPO. ", Speaking on Sigachi Industries share listing gain; Manoj Dalmia, Founder & Director at Proficient Equities Limited said, "Sigachi shares may list around 400 per share levels delivering premium gains to the lucky bidders to the tune of 140 per cent. 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. IPO investors have been rewarded with superior gains. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Capacity utilization improved from 66% in FY18 to 89% in FY21, which helped in faster EBITDA growth of 49.0% CAGR to Rs 39 crore, while the EBITDA margin improved by 848bps (to 20.1%). Copyright HT Digital Streams Limited All rights reserved. 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. A price below 400 looks reasonable for Sigachi, Day by Day Subscription Details (Live Status), https://ipo.bigshareonline.com/ipo_status.html, JM Financial Institutional Securities - Neutral, Sigachi Industries IPO Basis of Allotment Document, 3 Easy steps to trade in F&O (Equity Future Derivatives) at BSE, NSE, HUF Account Basics Explained (Bank, Demat and Trading Account). They advised bidders to look at the financials of the company as it gives clear picture of the company's business. Microcrystalline cellulosemaker Sigachi Industrieshad a bumper listing on November 15 way above analysts expectations and grey market premium. Telangana, India 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. Sigachi recorded a 49 percent growth in profit at Rs 30.26 crore for the financial year FY21, compared to Rs 20.31 crore in previous year, and revenue grew by 38.6 percent to Rs 192.75 crore in the same period. But the IPO by Paytm failed to impress investors. Wide product portfolio and ability to serve diverse end-use applications. Download the Mint app and read premium stories. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. Existing shareholders are advised to hold the stock with a stop loss at Rs 480, while new investors are advised to wait till the stock prices cool down, he said. Long-term investors are advised to remain invested considering niche product offering of company. Sigachi Industries IPO grey market premium recorded at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. Get notified real-time about the topics you like. Higher operating cash flow helped in the reduction of total debt from Rs 28 crore in FY18 to Rs 20 crore in FY21 and simultaneously increased the cash balance from Rs 3 crore to Rs 11 crore over the same period. Last Updated: November 15, 2021, 08:43 IST, Sigachi Industries IPO listing on November 15. The company has been faring well and paying dividends. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! The IPO frenzy thats currently gripping Dalal Street also helped. Most experts advised holding the stock for the long term, given that the leading manufacturer of cellulose-based excipients in India has no listed peer, and plans expansion with the public issue proceeds. Ipo open period can be reduced to 2 days Minimum amount to 25000, Sigachi ke operator ne uc me kal mal de diya. ET Now Digital. 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. The price band for Sigachi Industries IPO has been fixed at Rs 161-163 a share. UPI IPO application is offered by brokers who don't offer banking services. 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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Predict the closing value of sensex and win free subscription. In case you cant find any email from our side, please check the spam folder. According to, There are no prizes for guessing the name. Email: ipo@bigshareonline.com Quality assurance and quality control in products and facilities. 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/. Sigachi Industries IPO Schedule. The German software giant aims to double its investments in India over the next five years. 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. Ltd. | All rights reserved. All eyes are set on Sigachi Industries IPO listing on Monday. If you . Investors may consider an investment with a medium to long term perspective. 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. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Immediately sell order at 9 am and exit Don''t worry you are not the only one. Commenting on the listing gains of Sigachi Industries IPO, Abhay Doshi, founder . You are now subscribed to our newsletters. Sigachi Industries IPO GMP today is 200, which is much higher than the price band of the public issue. I had applied for Paras, Sigachi and now Latent in retail, and it has been 0/1. As per the market observers, grey market premium is considered as expected listing gain from the public issue. As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. 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. The funds proceed through the IPO will be used for the expansion of the production capacity for MCC at Dahej and Jhagadia in Gujarat. Sigachi Industries garnered Rs 125.43 crore through its public issue, the smallest among the IPOs launched in financial year FY22. Choose your reason below and click on the Report button. Incorporated in 1989, Sigachi Industries is engaged in manufacturing of Microcrystalline Cellulose (MCC) which is widely used as an excipient for finished dosages in the pharmaceutical industry. To check the Sigachi Industries IPO application status online at the company's Registrar's office that is . Updated: 11 Nov 2021, 07:58 AM IST Edited By Asit Manohar. CNN name, logo and all associated elements and 2023 Cable News Network LP, LLLP. A firework like listing for Sigachi Industries share is expected and the public issue may emanate above 100 per cent listing gains on . 1 min read . 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. Mutual Funds. Let it come down to 400 levels before you start making purchases as its a T group stock which has 5% circuit limits. , a manufacturer of ingredients that go into production of medicines, listed on Monday at more than three times its initial public offering (IPO) price. 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. 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. The minimum order quantity is 90 Shares. Flat 20 Per Trade in F&O, 30 days brokerage free trading There are no listed companies in India whose business is comparable with that of the companys business. The net proceed from the IPO will be utilized towards the following purposes; Rabindra Prasad Sinha, Chidambarnathan Shanmuganathan, Amit Raj Sinha and RPS Projects & Developers Private Limited are the company promoters. They also recommended partial profit-booking and to hold the remaining shares for the long term. This IPO hit the market in the month of July. One of the leading manufacturers of MCC in India. MCC has varied applications in the pharmaceutical, food, nutraceuticals, and cosmetic industries. In terms of the best debut on Dalal Street, Sigachi Industries fell behind the spectacular first innings of Tantia Constructions, which entered the secondary markets in April 2006. The public issue will be listed on both NSE and BSE at 10:00 AM today. +Includes DocuBay and TimesPrime Membership. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. Predict the closing value of sensex and win free subscription. 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 the public issue worth 125.43 crore. PLAN. Home; About IPO . 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. The price band ranges from Rs 161 to Rs 163. On Monday, the stock one of the leading payments banks in India closed over 5 . Over the long run, if the demand is sustained for MCC, the expansion programme of the company after theIPOwill provide earnings growth momentum. 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. 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. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. 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. 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. You are just one step away from creating your watchlist! The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Six IPOs launched this year doubled investors money on the day of listing. Download The Economic Times News App to get Daily Market Updates & Live Business News. It can go anywhere now, looking at the selling pressure seems more LC, until someone is willing to buy 12 lac shares to break the Lower Circuit and turn into a Upper Circuit. 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? All rights reserved. A Time Warner Company. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. Long-standing relationship with customers, solid financial profile, experienced promoters. The unlisted shares of Sigachi Industries was trading at Rs 383, 135 per cent up over the higher end of the issue price. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a . The latest tentative GMP of Sigachi Industries IPO is Rs 235. Presently, the company manufactures 59 different grades of MCC at the manufacturing units, situated in Hyderabad and Gujarat. Keep stop loss daily soon at opening, within seconds anyday it can turn into LC. But even that was not enough to create a record. Sigachi Industries IPO 101.90 times. Phone: +91-22-6263 8200 There are no prizes for guessing the name. 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. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. 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 the public issue worth Rs125.43 crore. You can call zerodha to checkmay be it will come during daytime in account. Copyright e-Eighteen.com Ltd All rights resderved. NEW DELHI: Sigachi Industries clocked an eye-popping 252 per cent listing gains on Monday. 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 Sigachi Industries IPO lot size is 90 shares. Steps to apply in Sigachi Industries IPO through Zerodha. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. 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. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. 229/1 & 90, Kalyans Tulsiram Chambers, 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. The issue is priced at 161 to 163 per share. For reprint rights: Times Syndication Service. Days Trial In case you cant find any email from our side, please check the spam folder. All rights reserved. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. Sigachi Industries IPO grey market premium stood at Rs 220 on Sunday, November 14, according to the date available by the IPO watch. The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. On much-awaited Sigachi Industries IPO listing, Manoj Dalmia, founder and director, Proficient Equities Limited said, "Listing price of Rs 393 . Check the Sigachi Industries IPO allotment status. Oops! Read all the Latest News, Breaking News and Coronavirus News here. 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. Use of the CNN name and/or logo on or as part of NEWS18.com does not derogate from the intellectual property rights of Cable News Network in respect of them. The IPOwas valued at 16x FY21 with no listed peer. You are just one step away from creating your watchlist! Explore. Before this, the biggest IPO was of state-owned public sector unit (PSU) Coal India, which raised Rs 15,200 crore in November 2010. Check Sigachi Industries IPO allotment status online by clicking the button below. Many would like to buy at 450-500 levels.. 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. 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 . The only tiny sized issue amongst the mega IPOs has been successful in gaining huge interest from investors getting subscribed over 100x overall. 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! According to market observers, Sigachi Industries grey market premium (GMP) today is 200, which is 20 higher from its yesterday's GMP of 180. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. Log in to our website to save your bookmarks. Sigachi Industries Limited, headquartered in Hyderabad has submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) for initial public offering (IPO) of 200 Crore on 09 August 2021. Listing Price 575: Listing Gain% 252.76: 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. 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. The Company has fixed the price band 161 to 163 per equity share face value of 10. At that time, the counter delivered a 260 per cent listing pop at Rs 180 against an issue price of Rs 50. 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.' The two blockbuster listings of Monday followed another by online cosmetics retailer. Here is the list of top five contenders with the highest listing gains on the day of their market debut. Average return ratios, RoE and RoIC stood at 38.1% (+1184bps) and 40.7% (+2085bps), respectively, in FY21. Log in to our website to save your bookmarks. However, considering the listing premium, short-term investors are advised to book their profits as their capital is almost 3x in 10 to 15 days. Visit Zerodha IPO Application Process Review for more detail. Oops! brand, to list at a 17% premium to its offer price and close the day with a gain of 5% for its shareholders. 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. So I am assuming now based on its behavior, that 400 to 630 was fraud pricing. Tuesday, 21 February 2023. 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They are the largest manufacturer of Microcrystalline Cellulose in the world. Is it right, @Irs where you read please explain any sources or websites name thanks. 2499 1749, Monthly Given that the company is one of the leading manufacturers of microcrystalline Cellulose in India with over 30 years of experience, pan India and international market presence, experienced management team and investment led future growth with high RoNW of 32.12 per cent in FY21 and reasonable valuation. Gaurav Garg, Head of Research at CapitalVia Global Research, and Mohit Nigam, Head - PMS at Hem Securities, also said that investors should hold Sigachi Enterprises for the long term. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. IPO Subscription Status IPO Allotment Status IPO Listing Date Current IPO Upcoming IPO. 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. Free Eq Delivery & MF Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Sigachi makes best debut in 13 years, ends with 270% gain. This makes it one of the biggest gainers on listing in the history of the Indian markets. Receive the latest and trending news alerts on the go. Strategically located, multi-locational manufacturing facilities. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." PLAN, Yearly Ravi Singhal, Vice-Chairman at GCL Securities, advised that lucky bidders, who received share allotment, should book 50 percent profit and recover their principal and keep the rest 50 percent stocks in their portfolio. The share allotment will start on November 10. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.. Bigshare Services Pvt Ltd is the registrar for the IPO. Choose your winners rationally in 3 simple steps! India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. You are just one step away from creating your watchlist! Sigachi Industries IPO opened for subscription from November 1-3. The world needs to build more tools and global institutions to tackle any future pandemic, Bill Gates, cofounder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, said in an interview to ETs Deborshi Chaki. Your session has expired, please login again. Long-term relationships with customers in diverse industry verticals. Visit the UPI App (net banking or BHIM) to approve the mandate. Sigachi Industries Listing on BSE, NSE Today: Time, Listing Price, Sigachi Share Price. Copyright 2022 HT Digital Streams Ltd All Right Reserved, Domestic PV, two-wheeler sales rise in Feb, exports plummet, Govt approves procurement of HAL basic trainer aircraft, Cement price hikes fail to sustain, respite seen in Q1, Govt plans life support withdrawal SOPs for terminally ill, How politics is shaping stardom and cinema in India. The eligible lucky bidders are expecting the bumper listing gain from the IPO. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. . This financial tool allows one to resolve their queries related to Public Provident Fund account. Exports to 41 countries along with robust two R & D infrastructure. 2-Year Long-standing market presence in Pan India and Internationally. Bid/Offer Opens On: Nov 1, 2021. Looks like you have exceeded the limit to bookmark the image. Investors, who had bid for the issue, can check the . Madinaguda, Hyderabad- 500 049, 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. The IPO consists of a fresh issue of 7.7 million shares, as against the earlier plan of 2.84 million shares. The stock opened for trading at Rs 575 on the BSE compared with its issue price of Rs 163, 253 percent higher. By virtue of above factors and market sentiments, listing gains of around 135 per cent or 220 could be expected that translates into a strong listing price range around 383 a piece on the listing day.". The issue is priced at 161 to 163 per share. 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. 15th November 2021. (2.) Download the Mint app and read premium stories. More than 60 mainboard IPOs have been launched this year and some of them have created a history either by issue size, listing gains or subscription. Due to small issue size it is expected that the company will list in T2T segment," Doshi added. Updated: 15 Nov 2021, 05:09 AM IST Asit Manohar. The Company Will issue 7,695,000 equity shares through Fresh Issue. Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. 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. Free - Classroom Training, The Sigachi Industries IPO listing date is on. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. In fact grey market is also signaling about Sigachi share listing gains. @MarketLearner : did you check with zerodha? Download The Economic Times News App to get Daily Market Updates & Live Business News. Its very less stock float. 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. Balance sheet also looks strong, with net D/E as of FY21 at a mere 0.03x. 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. They have their supply chain in the world with a customer base across the globe. For the unversed, GMP of a public issue is nothing but an estimated listing gain by the grey market. 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. The company is one of the leading manufacturers of MCC (Microcrystalline Cellulose) in India with a presence across diverse industry verticals and is available at reasonable valuation on an absolute basis.". Forgot to add another important thing. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. 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