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How to Check the Allotment Status of Sigachi Industries IPO

How to Check the Allotment Status of Sigachi Industries IPO
by 5paisa Research Team 08/11/2021

The Rs.125.43 crore IPO of Sigachi Industries, consisting entirely of Rs.125.73 crore fresh issue, was subscribed 101.91X overall at the close of bidding on 03 November. The basis of allotment will be finalized on 10 November and the stock will be listed on 15 November. If you have applied for the Sigachi IPO, you can check your allotment status online.


You can either check your allotment status on the BSE website or the IPO registrar, Bigshare Services. Here are the steps.

Checking the allotment status of Sigachi Industries on BSE website

Visit the BSE link for the IPO allotment by clicking on the link below https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow.

1) Under Issue Type – Select Equity Option
2) Under Issue Name – Select Sigachi Industries from the drop down box
3) Enter the Application Number exactly as in the acknowledge slip
4) Enter the PAN (10-digit alphanumeric) number
5) Once this is done, you need to click on the Captcha to verify that you are not a robot
6) Finally click on the Search Button

The allotment status will be displayed on the screen in front of you informing about the number of shares of Sigachi Industries allotted to you.

Checking the allotment status of Sigachi Industries on  Bigshare Services (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below:
https://ipo1.bigshareonline.com/IPO_Status.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Sigachi Industries from the drop down box. Once the company is selected from the dropdown box, you have 3 methods to access the allotment status.

A) Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button.

B) Secondly, you can search by Beneficiary ID. From the dropdown box, select the depository name i.e. NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. After that you can click the Search Button in both cases.

C) Thirdly, you can also search by PAN number. Once you select PAN from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of Sigachi Industries allotted will be displayed on the screen.

Also Read:-

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Upcoming IPOs in 2021

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Busy IPO Week Ahead - 3 IPOs Open and 2 Listings

by 5paisa Research Team 08/11/2021

The week starting 08th November is likely to be a busy week for the IPO market. There are 3 IPOs that will open during the current week and another 2 IPOs will also list during the week. Let us first look at the IPOs opening this week.
 

You can subscribe to these 3 IPOs this week


1) One97 Communications (Paytm), the holding company that owns and operates the payment platform Paytm, will open its Rs.18,300 crore IPO on 08th November and close for subscription on 10th November.

The IPO will comprise of a fresh issue of Rs.8,300 crore and an offer for sale of Rs.10,000 crore. The Paytm IPO is priced in the band of Rs.2080-Rs.2,150 per share, with minimum market lot of 6 shares.

Paytm just completed its Rs.8,235 crore anchor placement with leading investors last week. Some of the marquee investors who have invested in the anchor placement include Blackrock, Fidelity, Government of Singapore, Abu Dhabi Investment Authority etc.

At Rs.18,300 crore, this will be the biggest Indian IPO; 22% bigger than the Coal India IPO.

2) Sapphire Foods is the largest franchisee of YUM brands in the Indian sub-continent. The company will open its Rs.2,073 crore IPO on 09th November and close on 11th November. It will comprise entirely of an offer for sale (OFS) of Rs.2,073 crore.

The Sapphire Foods IPO is priced in the band of Rs.1,120-Rs.1,180 per share with minimum market lot of 12 shares. 

Sapphire Foods is the franchisee for KFC, Pizza Hut and Taco Bell and operates over 450 stores across India, Sri Lanka and the Maldives.

3) Latent View Analytics, is a pure play data analytics company. It will open its Rs.600 crore IPO on 10th November and close on 12th November. The IPO will comprise of a fresh issue of Rs.474 crore and an offer for sale of Rs.126 crore.

The Latent View Analytics IPO is priced in the band of Rs.190-Rs.197 with minimum market lot of 76 shares.

Latent View is a profit making company focused on the complete value chain of analytics ranging from data design, analytics mapping, analytics consulting and analytics solutions.

 

Two IPOs to list this week


Apart from the string of IPOs opening this week, there will also be a couple of listings.

1) FSN E-Commerce Ventures (Nykaa), the owner and operator of Nykaa omnichannel platform, will list on the BSE and the NSE on Thursday 11th November. The Nykaa IPO closed on 01st November and was subscribed 81.78 times. Against the IPO price of Rs.1,125, the GMP is currently in the range of Rs.700 to Rs.800.

2) Fino Payments Bank will list on Friday 12th November. The IPO of Fino Payments Bank closed on 02nd November and was subscribed 2.03 times.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

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Sapphire Foods India IPO - Subscription Day 1

Sapphire Foods India IPO - Subscription Day 1
by 5paisa Research Team 09/11/2021

The Rs.2,073 crore IPO of Sapphire Foods India, consisting entirely of an offer for sale (OFS) of Rs.2,073 crore, saw subdued response on Day-1 of the IPO. As per the combined bid details put out by the BSE at the close of Day-1, Sapphire Foods India IPO was subscribed 0.49X overall, with reasonable demand coming only from the retail segment. The issue closes on 11th November.

As of close of 09th November, out of the 96.63 lakh shares on offer in the IPO, Sapphire Foods India saw bids for 47.11 lakh shares. This implies an overall subscription of 0.49X. The granular break-up of subscriptions was dominated by the retail investors. QIB bids and NII bids are expected to gather momentum on the last day, as is the general trend in the IPO market.
 

Sapphire Foods India IPO Subscription Day-1
 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

0.02 Times

Non Institutional Investors (NII)

0.05 Times

Retail Individuals

2.56 Times

Employees

N.A.

Overall

0.49 times

 

QIB Portion

The QIB portion of the Sapphire Foods IPO was subscribed just 0.02 times at the end of Day-1. On 08th November, Sapphire Foods India did an anchor placement of 79,06,473 shares at the upper end of the price band of Rs.1,180 to 53 anchor investors raising Rs.932.96 crore.

The list of QIB investors included a number of marquee global names like Government of Singapore, MAS, Fidelity, ADIA, Crestwood Capital, HSBC Global, Lion Global, Carmignac Ontario Teacher’s Pension Fund etc. Domestic anchor investors included ICICI Pru Life, Sundaram Mutual Fund, Bajaj Allianz, HDFC MF, Kotak MF among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 52.71 lakh shares of which it has got bids for 0.83 lakh shares, implying a subscription ratio of 0.02X for QIBs at the close of Day-1. QIB bids typically get bunched on the last day but the heavy demand for the anchor placement forebodes well for the Sapphire IPO subscription overall.

HNI / NII Portion

The HNI portion got subscribed 0.05X (getting applications for 1.29 lakh shares against the quota of 26.35 lakh shares). This is a tepid response on Day-1 but this segment normally sees the maximum response bunched on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day of the IPO. 

Retail Individuals

The retail portion was subscribed an impressive 2.56X at the end of Day-1, showing strong retail appetite. However, it must be noted that retail allocation is just 10% in this IPO. For retail investors; out of the 17.57 lakh shares on offer, valid bids were received for 44.99 lakh shares, which included bids for 36.05 lakh shares at the cut-off price.

The IPO is priced in the band of (Rs.1,120-Rs.1,180) and will close for subscription on 11th November 2021.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

Sapphire Foods India IPO - 7 Things to Know

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Paytm IPO - Subscription Day 2

Paytm IPO - Subscription Day 2
by 5paisa Research Team 09/11/2021

The Rs.18,300 crore IPO of One97 Communications (Paytm), consisting of a fresh issue of Rs.8,300 crore and an offer for sale (OFS) of Rs.10,000 crore, saw tepid response on Day-1 of the IPO and the trend remained subdued on Day-2 also. As per the combined bid details put out by the BSE at the close of Day-2, One97 Communications (Paytm) IPO was subscribed 0.48X overall, with reasonable demand coming only from the retail segment. The issue closes on 10th November.

As of close of 09th November, out of the 483.89 lakh shares on offer in the IPO, One97 Communications (Paytm) saw bids for 234.64 lakh shares. This implies an overall subscription of 0.48X. The granular break-up of subscriptions was dominated by the retail investors. QIB bids and NII bids are expected to gather momentum on the last day, as is the general trend in the IPO market.
 

One97 Communications (Paytm) IPO Subscription Day-2
 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

0.46 Times

Non Institutional Investors (NII)

0.05 Times

Retail Individuals

1.23 Times

Employees

N.A.

Overall

0.48 times

 

QIB Portion

The QIB portion of the IPO was subscribed 0.46 times at the end of Day-2. On 03rd November, One97 Communications (Paytm) did an anchor placement of 383.02 lakh shares at the upper end of the price band of Rs.2,150 to 122 anchor investors raising Rs.8,235 crore.

The list of QIB investors included a number of marquee names like Blackrock, GIC Singapore, Canadian Pension Fund, Alkeon Capital, Abu Dhabi Investment Authority (ADIA), Fidelity, Aberdeen, UBS, Aditya Birla Sun Life Mutual Fund; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 263.94 lakh shares of which it has got bids for 120.08 lakh shares, implying a subscription ratio of 0.46X for QIBs at the close of Day-2. QIB bids typically get bunched on the last day but the heavy demand for the anchor placement forebodes well for the demand for Paytm IPO.

HNI / NII Portion

The HNI portion got subscribed 0.05X (getting applications for 6.38 lakh shares against the quota of 131.97 lakh shares). This is a tepid response on Day-2 but this segment normally sees the maximum response bunched on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day of the IPO.

Retail Individuals

The retail portion was subscribed a more reasonable 1.23X at the end of Day-2, showing strong retail appetite. However, it must be noted that retail allocation is just 10% in this IPO. For retail investors; out of the 87.98 lakh shares on offer, valid bids were received for 108.17 lakh shares, which included bids for 88.04 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.2,080-Rs2,150) and will close for subscription on 10th November 2021.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

PayTm IPO - 7 Things to Know About

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Moody’s Shifts 6 Stocks Out of “Fallen Angels” List

by 5paisa Research Team 09/11/2021

In the lexicon of Moody’s, one of the leading rating agencies in the world, Fallen Angels refers to companies that are financially vulnerable and are most at risk of a possible rating downgrade. In the aftermath of COVID-19 pandemic, the list of Fallen Angel companies in Moody’s Asia list had spiked considerably. As late as September 2021, there were 19 companies in the Asia Fallen Angels list. As of 31-Oct, that list stands reduced to 12.

What is interesting is that out of the 7 stocks that Moody’s dropped from the Fallen Angels list, 6 are Indian companies. That means, these 7 companies are no longer vulnerable to a rating downgrade. In the Indian context, this spate of 6 exits from the Fallen Angels list was triggered after Moody’s raised India’s rating outlook from negative to neutral. However, the rating remained at Baa3. This will be enable the companies to raise debt at lower cost.

The 6 Indian companies that exited the Moody’s Fallen Angels list included ONGC, Oil India, Indian Oil Corporation, Petronet LNG, Hindustan Petroleum and Ultratech Cement. Out of the six companies to exit the Fallen Angels list, five are from the PSU space while only Ultratech is a private sector company belonging to the Aditya Birla group.

According to Moody’s the progressive easing of pandemic restrictions, recovery in economic growth, improvement in the health of banks and corporates as well as sustained government support were seen as major positives. This, combined with the outlook upgrade, had reduced the vulnerability of Indian companies to extraneous factors. This had resulted in 6 out 7 companies exiting the Asia Fallen Angels list being Indian companies.

Check - Moody’s Upgrades the Outlook of 9 Banks from Negative to Stable

While the 6 Indian companies above were upgraded to “Baa3 Stable”, the only Indian company to remain in the Fallen Angels list (ex-Japan & Australia), is BPCL. Moody’s has cited uncertainty over its ownership structure in the light of the delayed privatization as a key reason. Since there was uncertainty surrounding capital structure, liquidity and management, Moody’s had retained BPCL as “Baa3 Negative”.

Potential fallen angels have to contend with higher cost of debt and hence refinancing becomes more expensive. One more risk is that these fallen angels could also crowd out the lower rated companies from the debt market. This could be negative for companies that are highly leveraged. This move is positive for Indian PSUs overall.

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Inspira Enterprises gets SEBI Approval for Rs.800 crore IPO

Inspira Enterprises gets SEBI Approval for Rs.800 crore IPO
by 5paisa Research Team 09/11/2021

Inspira Enterprises, an IT solutions provider, has got SEBI approval for its Rs.800 crore IPO. SEBI had given observations letter pertaining to the filing, which is equivalent to an approval. Inspira had filed the draft red herring prospectus (DRHP) with SEBI in August 2021, which has just been approved. The next steps are to file the RHP with the ROC and to finalize the details of the public issue.

The proposed IPO will comprise of a fresh issue of Rs.300 crore and an offer for sale of Rs.500 crore. The promoters of the company, the Prakash Jain Family Trust and the Manjula Jain Family Trust, will offload shares worth Rs.277.15 crore and Rs.91.77 crore respectively. In addition, Prakash Jain will also offload shares worth Rs.131.08 crore in his personal capacity taking the total size of the OFS to Rs.500 crore.

The Rs.300 crore fresh issue component will be a fresh infusion and will also dilute the equity. The funds will be used to repay debt, for working capital needs and also for general corporate purposes. The company is planning a pre-IPO placement of Rs.75 crore and if successful, then the company will reduce the size of the IPO proportionately.

Inspira Enterprises is a digital transformation company with a predominant focus on cybersecurity. With the big shift to digital and billions of transactions moving to the digital mode, the importance of cybersecurity has been underlined. A series of data breaches, both in India and abroad, have also highlighted the urgent need for corporates to beef up their cybersecurity defences.

Inspira offers cybersecurity and digital transformation services to clients across various industry verticals as well as various geographies. In the realm of digital transformation and cybersecurity, Inspira offers the complete suite of services including consultation, architecture, solution design, implementation, monitoring and managed services.

Inspira has appointed Axis Capital, JM Financial, Nomura Financial Advisory, SBI Capital Markets and Yes Securities as the book running lead managers to the issue. While the date of the issue is yet to be finalized, the normal time taken for the issue to open after the SEBI approval varies between 15 days to 30 days.

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Upcoming IPOs in November 2021

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