Sigachi Industries’ IPO has made investors rich. Business finance at Sigachi Industries has risen almost three times on its own day. Sigachi Industries shares were listed on the Bombay Stock Exchange (BSE) on Monday with a premium of 252.76% at Rs 575. The IPO price for Sigachi Industries was Rs 163. At the same time, the company’s assets were listed at Rs 570 on the National Stock Exchange (NSE). Shares of Sigachi Industries have reached Rs 598.50 on the NSE.

was trading at a higher price even in the gray market
The public talk of Sigachi Industries was Rs 125.43 crore. Following this list, the Sigachi Industries market has grown to approximately Rs 1,856 crore. Prior to the mention, the IPO of Sigachi Industries was selling at about 145 percent or Rs 220-230 at a price of Rs 163 in the gray market. Sigachi Industries IPO received a major response during registration. This account was registered approximately 102 times. The number of eligible buyers was registered 86.5 times. At the same time, the sales figure was 80.5 percent and the HNI investors’ account registered 172.43 times.

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The company is a major manufacturer of Microcrystalline Cellulose.
Sigachi Industries is one of the leading manufacturers of Microcrystalline cellulose in India. The company is over 30 years old. The company will use the proceeds from the IPO to increase the production of microcrystalline cellulose. Microcrystalline cellulose is used in the medical, food and cosmetics industries.

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