Sigachi Industries IPO GMP History
Sigachi Industries IPO has been listed on November 15, 2021 at a listing price of ₹570, against the issue price of ₹163 — a gain of ₹407 (+249.69%). The GMP peaked at ₹230 on 13 November 2021 and reached a low of ₹50 on 29 October 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Sigachi Industries IPO raised ₹125.43 Cr. through its IPO at a price band of ₹161 to ₹163 per share, with a lot size of 90 shares. The IPO was open for subscription from 01 Nov 2021 to 03 Nov 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:27 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 13 Nov 2021 | ₹ 230 | ▲ | 141% | — | — |
| 12 Nov 2021 | ₹ 220 | ▲ | 135% | — | — |
| 11 Nov 2021 | ₹ 200 | — | 123% | — | — |
| 10 Nov 2021 | ₹ 200 | — | 123% | — | — |
| 09 Nov 2021 | ₹ 200 | ▲ | 123% | — | — |
| 08 Nov 2021 | ₹ 180 | ▼ | 110% | — | — |
| 03 Nov 2021 | ₹ 200 | ▲ | 123% | — | — |
| 02 Nov 2021 | ₹ 150 | ▲ | 92% | — | — |
| 01 Nov 2021 | ₹ 120 | ▲ | 74% | — | — |
| 30 Oct 2021 | ₹ 80 | ▲ | 49% | — | — |
| 29 Oct 2021 | ₹ 50 | — | 31% | — | — |
| 28 Oct 2021 | ₹ 50 | — | 31% | — | — |
Sigachi Industries IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 01 Nov 2021
- Close 03 Nov 2021
- Allotment 10 Nov 2021
- Refund/credit 11 Nov 2021
- Listing 15 Nov 2021
Sigachi Industries IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹163 |
|---|---|
| GMP-based estimate (pre-listing) | ₹393 (+141.1%) |
| Listing gain / loss | +₹407 per share |
| Listing date | 15 Nov, 2021 |
| Actual listing price | ₹570 (+249.69%) |
Is Sigachi Industries IPO GMP reliable?
Grey market premium for Sigachi Industries IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Sigachi Industries IPO full review for a fundamentals-based assessment before making any grey market trades.
Sigachi Industries IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Sigachi Industries IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Sigachi Industries IPO
Sigachi Industries Limited was incorporated as Sigachi Chloro-Chemicals Private Limited on 11 January 1989. It first made chlorinated paraffin and hydrochloric acid in Hyderabad and moved into microcrystalline cellulose (MCC) in 1990.
MCC is used as an excipient in finished medicines and also in food, nutraceuticals and cosmetics. The company makes 59 grades of MCC, from 15 microns to 250 microns, sold mainly under the HiCel and AceCel brands. It began exporting in 1996.
It has 3 manufacturing units, at Hyderabad and at Jhagadia and Dahej in Gujarat, with total MCC capacity of 13,128 MTPA on 31 March 2021.
The IPO was Rs 125.43 crore and was entirely fresh issue. The money was planned for expanding MCC capacity at Dahej and Jhagadia and for a new unit to make CCS.
Frequently asked
What is the GMP of Sigachi Industries IPO?
The current Grey Market Premium (GMP) of Sigachi Industries IPO is ₹ 230.
What is the Kostak Price of Sigachi Industries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Sigachi Industries IPO is not available.
What is the Subject to Sauda Price of Sigachi Industries IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Sigachi Industries IPO?
Sigachi Industries IPO listed on November 15, 2021 at ₹570, against the issue price of ₹163 — a gain of +249.69%.
How did the GMP of Sigachi Industries IPO trend before listing?
The GMP of Sigachi Industries IPO was rising in its final days before listing. The GMP peaked at ₹230 on 13 November 2021. View the day-wise table above for the complete GMP history.
Explore Sigachi Industries IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
