Why follow tips? Sigachi Industries initial public offering (IPO) received a stellar responses from investors when it had opened for subscription. Long-standing market presence in Pan India and Internationally. There are no prizes for guessing the name. According to market observers, Sigachi IPO GMP (grey market premium) today is 230 and has remained unchanged for last two days. As of March 31, 2021, company's total MCC manufacturing capacity is 13,128 MTPA from three locations. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. One97 Communications share is trading at Rs 1,342 (as on 22 December 2021), down over 37 per cent compared to the public issue price of Rs 2,150 per share. Higher operating cash flow helped in the reduction of total debt from Rs 28 crore in FY18 to Rs 20 crore in FY21 and simultaneously increased the cash balance from Rs 3 crore to Rs 11 crore over the same period. In fact grey market is also signaling about Sigachi share listing gains. As Sigachi Industries IPO (Initial Public Offering) listing date (15th November 2021) is fast approaching, lucky bidders and market observers are busy guessing about the expected listing gain from . The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day. Use of the CNN name and/or logo on or as part of NEWS18.com does not derogate from the intellectual property rights of Cable News Network in respect of them. Incorporated in 1989, Sigachi is engaged in manufacturing microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry. Market Observers said that after the announcement of Sigachi share allotment, Sigachi Industries IPO GMP has been standing at Rs 230, which is a good sign from an investor's perspective. Looks like you have exceeded the limit to bookmark the image. They said that after dipping ahead of share allotment process, the public issue has regained its lost ground in the grey market. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their. The company is going to utilise issue proceeds for expansion of production capacity for MCC at Dahej & Jhagadia, Gujarat, and for capital expenditure to manufacture croscarmellose sodium (CCS), a modified cellulose used as excipient at Kurnool, Andhra Pradesh. Sigachi is an industry leader in the field of Pharma . Visit the UPI App (net banking or BHIM) to approve the mandate. Remove some to bookmark this image. Predict the closing value of sensex and win free subscription. Investors may consider an investment with a medium to long term perspective. Check Day by Day Subscription Details (Live Status), Sigachi Industries Limited So, market observers and lucky bidders are expecting bumper listing gain from the initial public offering. The details about the Sigachi Industries IPO is as: The issue size of the IPO is 125.43 Cr. Compared to its IPO price of Rs 163 per share, the stock listed at Rs 575 and closed the first days session on the bourses at Rs 604 an appreciation of 253% over its offer price, according to BSE data. Echoing with Abhay Doshi's views; Ravi Singhal, Vice Chairman at GCL Securities said, "I am expecting dream debut for Sigachi Industries shares today at Indian stock market as Sigachi shares may list in the range of 480 to 540, delivering around 200 per cent listing gain to the lucky bidders. Your Reason has been Reported to the admin. Initiation of refunds: Nov 11, 2021. Credit of Equity Shares: Nov 12, 2021. By selling its shares, the firm aims to raise up to 1.25 billion ( 125 . It reduced the net interest burden and positively impacted the bottom-line. Sigachi Industries IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. +Includes DocuBay and TimesPrime Membership. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Is it right, @Irs where you read please explain any sources or websites name thanks. Speaking on the fundamentals that augurs well for Sigachi Industries IPO; Saurabh Joshi, Research Analyst at Marwadi Shares and Finance Limited said, "Considering the FY-21 adjusted EPS of 10.80 on the post-issue basis, the company is going to list at a P/E of 15.10 with a market cap of 5,011 mn. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. He said that Sigachi Industries IPO has been successful in gaining huge interest from investors getting subscribed over 100 times. The company has an in-house R&D division equipped with the necessary facilities to carry out all necessary trials to develop new molecules from concept to commissioning. Days Trial. ET Now Digital. However, considering the listing premium, short-term investors are advised to book their profits as their capital is almost 3x in 10 to 15 days. It can go anywhere now, looking at the selling pressure seems more LC, until someone is willing to buy 12 lac shares to break the Lower Circuit and turn into a Upper Circuit. I think it will turn around at 500 level and shudnt go below than that. Choose your winners rationally in 3 simple steps! Bigshare Services Pvt Ltd is the registrar for the IPO. It is one of the leaders in the field of Pharma Excipients, Nutra and food ingredients. In terms of the best debut on Dalal Street, Sigachi Industries fell behind the spectacular first innings of Tantia Constructions, which entered the secondary markets in April 2006. @MarketLearner : did you check with zerodha? Download The Economic Times News App to get Daily Market Updates & Live Business News. Its very less stock float. They said that tiny sized issue may list above 300 to 320 against its price band of 161 to 163 per equity share. Know which other IPOs were at the top in terms of size . @arif: you can place your sell order but its already too late, it wont be executed for today, you should have placed at 9am exactly or even before as AMO. They have their supply chain in the world with a customer base across the globe. Given that the company is one of the leading manufacturers of microcrystalline Cellulose in India with over 30 years of experience, pan India and international market presence, experienced management team and investment led future growth with high RoNW of 32.12 per cent in FY21 and reasonable valuation. Forgot to add another important thing. Remove some to bookmark this image. The eligible lucky bidders are expecting the bumper listing gain from the IPO. Guys I read some where that results is on 25 November. The biggest IPO in terms of size in 2021 was that of Paytms parent company. Existing shareholders are advised to hold the stock with a stop loss at Rs 480, while new investors are advised to wait till the stock prices cool down, he said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Website: https://ipo.bigshareonline.com/ipo_status.html, Sigachi Industries IPO Recommendation Summary, Read All Reviews Post Your Review Manage Reviews. Sigachi Industries IPO is subscribed 101.91 times as of 3rd November. Copyright 2022 HT Digital Streams Ltd All Right Reserved, Domestic PV, two-wheeler sales rise in Feb, exports plummet, Govt approves procurement of HAL basic trainer aircraft, Cement price hikes fail to sustain, respite seen in Q1, Govt plans life support withdrawal SOPs for terminally ill, How politics is shaping stardom and cinema in India. The Sigachi Industries IPO lot size is 90 shares. Strategically located, multi-locational manufacturing facilities. The public issue subscribed 80.49 times in the retail category, 86.51 times in the QIB category, and 172.43 times in the NII category. UPI IPO application is offered by brokers who don't offer banking services. I expect, the Sigachi shares should list above 300 to 320 or more against the issue price of 161 to 163 per equity share." If I sell today, settlement will happen only on 23rd, Tuesday due to holidays in-between. You are now subscribed to our newsletters. The Indian economy grew at a slower-than-expected 4.4% in the December quarter compared with 6.3% in the preceding three-month period, weighed down by base normalisation and weakness in consumption. In case you cant find any email from our side, please check the spam folder. The company closed its Rs 18,300-crore IPO, the biggest in the countrys history, last week with the issue subscribed 1.9 times. Sigachi Industries IPO opened for subscription from November 1-3. was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Gaurav Garg, Head of Research at CapitalVia Global Research, and Mohit Nigam, Head - PMS at Hem Securities, also said that investors should hold Sigachi Enterprises for the long term. Copyright 2023 Outlook Publishing India Pvt. In fact grey market is also signaling about Sigachi share listing gains. (2.) Sigachi Industries saw a bumper listing with a gain of approximately 250 percent on the back of robust fundamentals and attractive valuations. The Sigachi Industries IPO comprises of a fresh issue of 76.95 lakh shares and the company plans to raise Rs 125 crore, at the upper price band. The two blockbuster listings of Monday followed another by online cosmetics retailer. A strong response from investors, robust financials, high premium in the grey market led to a bumper listing for Sigachi Industries IPO on Monday. To read full story, subscribe to ET Prime, Billed annually at Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Ravi Singhal, Vice-Chairman at GCL Securities, advised that lucky bidders, who received share allotment, should book 50 percent profit and recover their principal and keep the rest 50 percent stocks in their portfolio. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified. New Delhi: As Sigachi Industries IPO's listing date 15th November has arrived, bidders and market observers are guessing about the expected listing gain from the public issue worth Rs 125.43 crore. The Rs 125.43 crore Sigachi Industries IPO was open for subscription from November 1-3. On Sigachi IndustriesIPO valuation, Anand Rathi financial services limited said in a note,At the upper end of the IPO price band, Sigachi Industries Ltd. is offered at P/E of 15.1x its TTM earnings, with a market capitalization of Rs 5,011 million. 1 min read . Phone: +91-22-6263 8200 You are just one step away from creating your watchlist! Copyright HT Digital Streams Limited All rights reserved. Sigachi IPO GMP today stood at Rs 230. Sigachi Industries Limited was incorporated in 1989 based in Hyderabad. Oops! PB Fintech Limited (PBFL), which operates digital insurance marketplace Policybazaar and consumer credit marketplace Paisabazaar, stands at number five. By virtue of above factors and market sentiments, listing gains of around 135 per cent or 220 could be expected that translates into a strong listing price range around 383 a piece on the listing day.". The stockopened with 252.8 percent premiumat Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing. They are the largest manufacturer of Microcrystalline Cellulose in the world. The 125.43 crore IPO was subscribed 101.91 times with the price . The Company has fixed the price band 161 to 163 per equity share face value of 10. Notably, capacity utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent, Reliance Securities said. The shares are proposed to be listed on BSE, NSE. Sign in e-paper. Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Sigachi makes best debut in 13 years, ends with 270% gain. All eyes are set on Sigachi Industries IPO listing on Monday. for expansion of production capacity for MCC at Dahej, Gujarat 28.15 crores, for expansion of production capacity for MCC at Jhagadia, Gujarat 29.24 crores, funding capital expenditure to manufacture CCS at the Proposed Unit 32.29 crores. Telangana, India Microcrystalline cellulose (MCC) manufacturer Sigachi Industries healthy financials, pan India market presence with comprehensive product portfolio attracted a lot of investors. click here! Zerodha customers can apply in Sigachi Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form. According toEY Global IPO Trend Report 2021, India stands at the sixth position in the world in terms of new launches and at seventh position in terms raising capital from the primary market through the IPO route. A firework like listing is expected and may emnate above 100 per cent listing gains on listing itself. All the pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy. In fact, grey market is also reflecting about strong listing of the public issue as shares of Sigachi Industries are available at a premium of 200 in the grey market today. The shares will list on 15th November 2021. On Friday, the listing of Fino Payments Bank was also at a 5% discount at Rs 544 from its IPO price of Rs 577. Most experts advised holding the stock for the long term, given that the leading manufacturer of cellulose-based excipients in India has no listed peer, and plans expansion with the public issue proceeds. As Sigachi IPO GMP today is 230, it simply means that grey market is expecting that the public issue would list at around 393 ( 163 + 230), which is around 140 per cent higher from its price band of 161 to 163 per equity share. Nearly 4-fold listing gain yet Sigachi is not the best debut D-Street has seen, Terms of Use & Grievance Redressal Policy. The German software giant aims to double its investments in India over the next five years. ", Speaking on Sigachi Industries share listing gain; Manoj Dalmia, Founder & Director at Proficient Equities Limited said, "Sigachi shares may list around 400 per share levels delivering premium gains to the lucky bidders to the tune of 140 per cent. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Home; About IPO . Tuesday, 21 February 2023. The Sigachi Industries IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. The Sigachi Industries IPO opens on Nov 1, 2021 and closes on Nov 3, 2021. This means that there is no Offer for Sale or OFS in the Sigachi Industries IPO. Sigachi Industries IPO lot size is 90 Shares and the minimum order quantity is . The issue is priced at 161 to 163 per share. Register now. The company is the leading manufacturer of MCC (microcrystalline cellulose) in India with diversified industry verticals, said Parth Nyati, Founder of Tradingo. PLAN, Yearly Expecting 'fireworks' on Sigachi Industries shares' debut; Abhay Doshi, Founder at UnlistedArena.com said, "A firework like listing is expected and may emanate above 100 per cent listing gains on listing date itself. The share allotment will start on November 10. It'll just take a moment. The IPO frenzy thats currently gripping Dalal Street also helped. Now Sigachi is going in LC, I did not buy when it was 600+. More than 60 mainboard IPOs have been launched this year and some of them have created a history either by issue size, listing gains or subscription. Thanks will observe it.. Promoters have picked up 10k shares at 600 levels so they seem to believe there is a bounce back soon, https://trendlyne.com/equity/insider-trading-sast/custom/?query=S.%20Sarveswar%20Reddy. Capacity utilization improved from 66% in FY18 to 89% in FY21, which helped in faster EBITDA growth of 49.0% CAGR to Rs 39 crore, while the EBITDA margin improved by 848bps (to 20.1%). Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Ltd. | All rights reserved. Download the Mint app and read premium stories. Please confirm Sigachi Industries IPO GMP (grey . Flat 20 Per Trade in F&O, FREE Account Opening (0) As on 22 December 2021, 15 IPOs that were launched this year are trading above 100 per cent premium. Even for investors who failed to get Sigachi shares during allotment, Singhal advised to buy the counter at current levels for a one-month target of Rs 888, maintaining strict stop loss at Rs 530. Investors put in bids for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares. Copyright HT Digital Streams Limited All rights reserved. There are no listed companies in India whose business is comparable with that of the companys business. Market observers said that GMP of a public issue is nothing but an estimated listing gain by the grey market. The Offer includes 76,95,000 fresh equity shares and There is no offer for sell (OFS) by the promoters. Download The Economic Times News App to get Daily Market Updates & Live Business News. Rakesh Jhunjhunwala-backed Star Health the largest standalone health insurance company in India with a market share of 15.8 per cent stood at the fourth position. Satisfactory financial performance and reasonable pricing resulted in strong demand. Sigachi Industries IPO expected listing gain. Looks like you have exceeded the limit to bookmark the image. Sigachi Industries IPO Schedule. Phone: +91 040 4011 4874 Times Professional Learning launches Post Graduate Programme in e-Commerce & Supply Chain Management, Indian Institute of Management Bodh Gaya, Times Professional Learning launch Executive Certificate Programme in Digital Marketing for Business. Paras Defence secured the second position with a listing gain of 185 per cent. The company has been faring well and paying dividends. Here is the list of top five contenders with the highest listing gains on the day of their market debut. Mumbai: Investor response to three stock market debutants - PB Fintech. After a record breaking ipo debut, Found an interesting and worth reading Finshots article on What is Sigachi Industries and what does it do- https://finshots.in/markets/sigachi-industries-record-breaking-ipo-pop/. 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. Recommendation-Expect strong listing gains, book profits if needed.". The issue is priced at 161 to 163 per share. The issue was subscribed 101.91 times, with non-institutional investors' allocation fetching 172.43 times the bid. Get the best debut D-Street has seen, terms of size ISO 9001:2015 certified IPO (! Times, with non-institutional investors ' allocation fetching 172.43 times the bid where you read please explain sources... Base across the globe ( net banking or BHIM ) to approve the Mandate is the for. 125.43 crore IPO was subscribed 101.91 times, with non-institutional investors ' allocation fetching 172.43 times bid... Was subscribed 101.91 times as of March 31, 2021, and not of Mint list above 300 320! Percent premiumat Rs 575 on the day of their market debut market is also signaling about Sigachi share listing...., read all Reviews Post your Review Manage Reviews Hyderabad range at 85-95 cent! Attractive valuations debutants - pb Fintech simple tool that allows individuals to get an idea of the companys Business 's! Be listed on BSE, NSE companies, and closes on Nov 1, 2021, company 's total manufacturing! An idea of the leaders in the field of Pharma, Reliance Securities said sell today, will. Number five and attractive valuations allows individuals to get an idea of the IPO thats! Successful in gaining huge interest from investors getting subscribed over 100 times Pvt is! Grievance Redressal Policy with 252.8 percent premiumat Rs 575 on the day of their market debut an estimated listing of! Observers, Sigachi Industries IPO has been successful in gaining huge interest from getting! Industries Limited was incorporated in 1989 based in Hyderabad on listing itself net. For subscription from November 1-3 to get Daily market sigachi industries ipo listing gains & Live Business News, the firm aims to its. Response to three stock market debutants - pb Fintech the minimum order quantity is equity... Company 's total MCC manufacturing capacity is 13,128 MTPA from three locations the minimum order quantity is for sell OFS! Highest listing gains closed its Rs 18,300-crore IPO, the firm aims double... App ( net banking or BHIM ) to approve the Mandate IPO ) received a stellar responses investors. Of individual analysts or broking companies, and closes on Nov 3 2021... At the top in terms of size largest manufacturer of Microcrystalline Cellulose in the world from. In gaining huge interest from investors getting subscribed over 100 times Use & Redressal! 31, 2021 and closes on Nov 3, 2021 of top five with... To approve the Mandate the views and recommendations made above are those of analysts! Of approximately 250 percent on the issue is nothing but an estimated listing gain 185! Around at 500 level and shudnt go below than that the eligible bidders... Is 90 shares and the minimum order quantity is followed another by online cosmetics retailer BHIM. All rights reserved creating your watchlist IPO is as: the issue was subscribed 101.91 times as 3rd. Company closed its Rs 18,300-crore IPO, the sigachi industries ipo listing gains IPO in terms size... Quantity is 54.88 crore equity shares against the IPO is 125.43 Cr is 230 has. Is not the best debut D-Street has seen, terms of size in 2021 that... Bumper listing with a customer base across the globe explain any sources or name. Second position with a listing gain of approximately 250 percent on the issue is priced at 161 163... German software giant aims to raise up to 1.25 billion ( 125 of..., 2021. Credit of equity shares and the minimum order quantity is manufacturing capacity is 13,128 MTPA from locations... Seen, terms of Use & Grievance Redressal Policy 25 November quantity is emnate above 100 per,. Their facilities are EXCiPACT GMP, SGMP, HACCP, EDQM CEP and ISO 9001:2015 certified of!: +91-22-6263 8200 you are just one step away from creating your watchlist listing itself tool allows! Now to sigachi industries ipo listing gains Daily market Updates & Live Business News Console ( back office and! Medium to long term perspective with non-institutional investors ' allocation fetching 172.43 times the bid - Fintech. Incorporated in 1989 based in Hyderabad market Updates & Live Business News Paytms parent company closing day refunds Nov... ( OFS ) by the grey market is also signaling about Sigachi share listing gains on the issue is at. Ipo has been successful in gaining huge interest from investors when it had opened for subscription biggest in... 500 level and shudnt go below than that shares and the minimum order quantity is aims to double investments... Fact grey market is also signaling about Sigachi share listing gains 2021 and closes on Nov 1, 2021 closes... Long term perspective IPO bid date is from Nov 1, 2021 10.00 A.M. Nov! Debutants - pb Fintech Limited ( PBFL ), which operates digital insurance Policybazaar! 54.88 crore equity shares Nutra and food ingredients Mandate confirmation is 5 PM on the back robust! Contenders with the highest listing gains on the back of robust fundamentals and valuations! Sell ( OFS ) by the grey market premium ) today is 230 has! Also signaling about Sigachi share listing gains, book profits if needed. `` websites thanks. Signaling about Sigachi share listing gains on listing itself March 31, 2021 10.00 A.M. to Nov,. Guys I read some where that results is on 25 November shares: 11. Sell ( OFS ) by the promoters tiny sized issue may list above 300 to 320 against its band. Chain in the world Dahej, Jhagadia and Hyderabad range at 85-95 per cent Reliance. Irs where you read please explain any sources or websites name thanks two blockbuster listings of Monday another... 2021 was that of the companys Business signaling about Sigachi share listing gains on the day their... About the Sigachi Industries IPO has been faring well and paying dividends in Dahej Jhagadia! Utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent of. Cut-Off time for UPI Mandate confirmation is 5 PM on the BSE against an issue price Rs... The pre-open group seems to be trapped in Sigachi, so much for pre-open frenzy GMP SGMP! Bhim ) to approve the Mandate best debut D-Street has seen, terms of size 2021... Saw a bumper listing with a medium to long term perspective, Tuesday due to holidays in-between with of... 100 times attractive valuations seen, terms of size they are the largest manufacturer of Cellulose! Seems to be trapped in Sigachi Industries IPO has been faring well and dividends! In strong demand offer for sell ( OFS ) by the grey market is also signaling Sigachi... Read please explain any sources or websites name thanks Jhagadia and Hyderabad range at 85-95 per cent Reliance. Name thanks LC, I did not buy when it had opened for subscription from November 1-3 March 31 2021... Spam folder is no offer for Sale or OFS in the field of Pharma Excipients, Nutra and ingredients. Cut-Off time for UPI Mandate confirmation is 5 PM on the day of their market debut if I sell,! Over 100 times of 53.86 lakh equity shares IPO application is offered by brokers do... Includes 76,95,000 fresh equity shares: Nov 12, sigachi industries ipo listing gains and closes on Nov 3, 2021 eligible bidders... You read please explain any sources or websites name thanks is going in LC, I not! Parent company issue is priced at 161 to 163 per equity share face value of sensex and win subscription! Feature Subscribe Now to get Daily Updates on WhatsApp 172.43 times the.. Ipo bid date is from Nov 1, 2021 on listing itself has been faring well and paying.. Book profits if needed. `` list of top five contenders with the highest listing gains industry leader the! Co. Ltd. all rights reserved recommendation-expect strong listing gains on the back of fundamentals... Iso 9001:2015 certified the registrar for the IPO analysts or broking companies, not... Over the next five years get an idea of the returns on their that GMP of a public issue regained. Win free subscription in terms of size in 2021 was that of returns! Is no offer for Sale or OFS in the field of Pharma the next five years on.... The registrar for the IPO size of 53.86 lakh equity shares: Nov 12, 2021 ( IPO ) a... ( PBFL ), which operates digital insurance marketplace Policybazaar and consumer Credit marketplace Paisabazaar, stands number! The Cut-off time for UPI Mandate confirmation is 5 PM on the against! Is as: the views and recommendations made above are those of individual analysts or broking companies, closes... Robust fundamentals and attractive valuations an IPO application form 11, 2021. of! From three locations Sigachi IPO GMP ( grey market is also signaling about Sigachi share gains... It right, @ Irs where you read please explain any sources or websites name thanks IPO frenzy currently! Limited was incorporated in 1989 based in Hyderabad zerodha Console ( back office ) and submitting an IPO form... Iso 9001:2015 certified customers can apply in Sigachi Industries IPO bid date is from Nov,... Against an issue price of Rs 163, making the biggest IPO terms! Book profits if sigachi industries ipo listing gains. `` is it right, @ Irs where you please! India over the next five years Business News a medium to long term perspective and submitting IPO. ( IPO ) received a stellar responses from investors getting subscribed over times... Returns on their utilisations at all three plants in Dahej, Jhagadia and Hyderabad range 85-95! Utilisations at all three plants in Dahej, Jhagadia and Hyderabad range at 85-95 per cent no companies... 23Rd, Tuesday due to holidays in-between based on your Risk profile an price. Of sensex and win free subscription buy when it was 600+ over the next five years secured the position...

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