What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Sigachi Industries Limited IPO?

Based on the upper price band of ₹163 and current GMP of ₹225, the estimated listing price is ₹388 (approx. 138.0% gain).

What is the expected profit per lot for Sigachi Industries Limited IPO?

With a lot size of 90 shares and current GMP of ₹225, expected profit per retail application lot is approximately ₹20,250.

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Grey Market Intelligence

Sigachi Industries Limited

ListedMainboard

Materials & Chemicals · NSE / BSE

Incorporated in 1989, Sigachi Industries manufactures Microcrystalline Cellulose (MCC), a key excipient used in pharmaceuticals, as well as in food, nutraceutical, and cosmetic industries. The company produces 59 grades of MCC, ranging from 15 to 250 microns, under brands like HiCel and AceCel, at its manufacturing units in Hyderabad and Gujarat. It has an in-house R&D division for developing new products and has received multiple quality certifications. As of March 31, 2021, Sigachi operates three manufacturing units—one in Hyderabad and two in Jhagadia and Dahej, Gujarat—with a total production capacity of 13,128 MTPA.

Price Band

₹161 – ₹163

Issue Size

₹125 Cr

Lot Size

90 shares

GMP

₹225

+138.0%

Est. Listing

₹388

at current GMP

Subscribed

—

Open

1 Nov 2021

3 Nov 2021

Allotment

10 Nov 2021

Refund

11 Nov 2021

Demat Credit

12 Nov 2021

Listing

15 Nov 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Sigachi Industries Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹225+138.0%

Issue Price (Upper)

₹163

Band: ₹161 – ₹163

Estimated Listing Price

₹388

Upper price + GMP

Lot Size

90 shares

Min investment ₹14,670

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹225	138.0%	₹388
30 Oct 2026	+₹225	138.0%	₹388
29 Oct 2026	+₹203	124.2%	₹366

About Sigachi Industries Limited Public Issue & Market Profile

Sigachi Industries Limited is bringing an initial public offering (IPO) in the Materials & Chemicals sector with an aggregate issue size of ₹125.43 Crores. The shares are offered at a price band of ₹161 to ₹163 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 90 shares (approx. ₹14,670 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-11-12, while un-allotted funds or UPI block mandates will be released on 2021-11-11.

Frequently Asked Questions

What is Sigachi Industries Limited IPO GMP today?

The latest grey market premium for Sigachi Industries Limited IPO is ₹225, which indicates an expected listing price of ₹388.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.