Sigachi Industries IPO subscribed 101.91 times on last day of the offer

The initial public offer of the company received a whopping 101.91 times subscription Topics initial public offering (IPO) | SEBI | IPO activity 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 initial public offer of microcrystalline cellulose manufacturer Sigachi Industries received…Continue Reading

Alghanim Industries Breaks Ground on Major Steel Expansion in India

KUWAIT CITY, Oct. 30, 2021 /PRNewswire/ — Alghanim Industries, one of the largest privately-owned companies in the region, recently broke ground with a new pre-engineered steel buildings (PEB) manufacturing facility located in Gujarat, India’s fifth largest state. The facility will increase the manufacturing capacity of Kirby Building Systems in India from 200,000 metric tons (MT) to…Continue Reading

Alok Industries plunges 9% as co reports loss of over Rs 84 cr in Q2

NEW DELHI: Shares of plummeted 9 per cent today as the integrated textile company reported a consolidated on-year net loss of Rs 84.11 crore for the July-September quarter. At 10:20 hours (IST), the company’s scrip was at Rs 24.20 on the National Stock Exchange, down 9.36 per cent from its previous close. Over the same…Continue Reading