Sigachi Industries made a blockbuster secondary market debut on Monday, with shares listing at a premium of around 250 percent over the issue price. Sigachi Industries' shares listed at Rs 575 on BSE, a premium of 252 percent compared to its issue price.
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This made the Hyderabad-based maker of refined wood pulp the most successful debutant of 2021 so far, surpassing the listing day performance of the likes of Paras Defence, GR Infraprojects, Tatva Chintan Pharma Chemicals, Nazara Tech, Clean Science and Technology and Easy Tri Planners.
The bumper listing of Sigachi Industries comes days after shares of FSN E-Commerce Ventures, the operator of beauty and fashion startup Nykaa, debuted on Dalal Street at a premium of 78 percent over the issue price.