Sigachi Industries - For those who care beyond the GMP (based on FY21 consolidated financials & post-money (top end of the price band)):
Tax Adj. RoCE (%): 23.6% RoE (%): 29.3%
EV / Revenue (X): 2.0x EV / EBITDA (X): 10.0x P / E (X): 16.6x
Interesting to note that this is an entirely primary issue and post issue the Company will be significantly cash surplus. Unfortunately, given the small size of INR 125 cr for a Mainboard listing the anchor list looks weak and institutional shareholding will remain weak until float improves and it crosses the INR 1,000 cr market cap benchmark. The Company''s financials and cash flows are super strong and its very conservatively priced keeping in mind the sector that it belongs to. However, pre-Covid growth has not been very strong though its grown very strongly in FY21 and Q1''FY22. They''re essential to the pharma industry but are price takers from large pharma players and hence their margin will remain in check unless they expand the product basket. All in all, a must apply! Keep minting!
Dr.Bhavy its because new fresh issue shares will be added in total equity shares of the company, which will reduce promoter shareholding in %. Promoter''s number of shares will be same.
36.4. Dr.Bhavy| Link| Bookmark|
November 2, 2021 1:33:29 AM
Top Contributor (200+ Posts, 100+ Likes)
@ mravi.. if i still predicting at 100x.. people would call me the biggest fool living on planet.. Right now i m just hoping just to get a lot against 270 nothing more nothing less..
33.3. lokes| Link| Bookmark|
October 31, 2021 2:57:05 PM
IPO Guru (4400+ Posts, 5100+ Likes)
I feel sigachi will go upto 500x due to extreme small size and due to increased GMP now...from 80 to 120.... Let''s see.... minimum 300X should be there for GMP to sustain.
@lokes, @noorul, seems 300 X is quite possible. To get one lot, around 44 L needed. just thinking there are more options available with that money !!! (as Sigachi refund may or may not be available for back end IPOs) As @jstm suggested, I want to go light on Sigachi with some others and prefer Nygaa FF
Thanks
33.5. lokes| Link| Bookmark|
October 31, 2021 4:43:46 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@MRavi: As i informed, almost 90% chances are there that sigachi ipo money will be unblocked by 2pm on 11th nov, only 10% there may be risk due to bigshare, if it was kfintech or linktime in sigachi then 99% it would be unblocked.
Anyways with this info, i don''t mean that you should go for sigachi, that''s different thing and can be decided based on subscription/gmp/available funds etc also.
@mog, i agree with you, easy 500X (lets see if noorul prove me wrong again 😂)
thanks
33.10. lokes| Link| Bookmark|
November 3, 2021 2:41:38 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@Mog: i feel between 300X to 500X..... two opposite factors for this, one is money left with HNI after nykaa will be less and from that also some will choose PB over sigachi like me and second factor is ipo size and so HNI quota is very small around 19 cr only so 10X of nykaa is approx 400X of sigachi. if it subscribes less than 300X then there will be gmp drop i feel from now and if above 500X then it will list for double around.
The issue size is so small that there seems to be no need to figure out how many times it will oversubscribe in NII category. 2-3 HNIs may easily bid for entire quota which is merely 18.81 cr. The lottery will be amongst these 2-3 HNIs with nothing left of all other HNI? Is something like this possible?
32.2. ColdBurger| Link| Bookmark|
November 2, 2021 1:07:23 AM
IPO Mentor (1400+ Posts, 400+ Likes)
@77ps minimum 10 K share one need to have to feel something. Almost one year since launch and only could pass listing price on few occasions and again back to its den. It is real tortoise share.https://www.chittorgarh.com/newportal/stock_market_discussion_forum.asp
Please be kind as usual to me also. From the bottom of my heart I express my gratitude n I am fortunate enough to feel that I have won the hearts of people like you, Asoke Sarkar ji, Ravichandran ji, lokes ji etc.,
I will definitely share my expressions whenever I find it necessary. Thank you.
30.3. Virat singh| Link| Bookmark|
October 31, 2021 12:43:17 PM
Top Contributor (300+ Posts, 200+ Likes)
Log befaltu ke post karte rehte hain.Spam karo in sabko.Faltu ki bakoti karte hain.
1- Stop Loss के बिना ट्रेड मत करो 2- उधार का पैसा मत लगाओ 3- सारा पैसा एक ही कंपनी में मत लगाओ 4- कम से कम 8-10 कंपनियों में बराबर पैसा लगाओ 5- सरकारी कंपनी में पैसा मत लगाओ 6- अच्छी ग्रोथ वाली कंपनियों में पैसा लगाओ 7- 20% से ज्यादा loss मत करो एक शेयर में 8- बिना जानकारी के दुसरो की सलाह से मत खरीदो 9- पैसा 5-10 साल की लंबी अवधि के लिए लगाओ 10- 20-25% से ज्यादा की सालाना उम्मीद मत करो 11- ऊपर वाले 10 नियमो को कभी मत भूलो