New Delhi: Sanstar IPO GMP today fell ahead of the day two of the three day stake sale process on Monday, July 22, 2024. The premium of the shares of the company Sanstar Limited has gradually fallen in the grey market in last few days. Sanstar IPO Subscription Status had stood multifold by the end of day one on Friday, July 19. Stock market experts have given positive Sanstar IPO review.
Sanstar IPO GMP today
According to Investor Gain, Sanstar IPO GMP today fell to Rs 30. Considering the company’s stock’s latest premium in the grey market and Rs 95 upper limit of the issue price band, Sanstar IPO listing gains of 33 per cent and Sanstar IPO listing price prediction of Rs 126 can be estimated. Albeit, GMP cannot be considered as an official figure.
Sanstar IPO Review
Market experts Anshul Jain, Manav Jaiswal and Arun Kejriwal have given a subscribe call on the issue. Jain said to Money9 that interested retail investors can bid for long term and not for listing gains. He said, “Investors can subscribe in the stake sale process not for listing gains but from long term perspective.”
Sanstar IPO Subscription Status
By the end of day one, Sanstar IPO Subscription Status stood at four times the total size. Non Institutional Investors’ quota was oversubscribed almost 10 times the allotted size. While, retail investors category too was oversubscribed four times.
Sanstar IPO Anchor Investors Details
The company had raised total of Rs 153.05 crore from anchor investors at the price of Rs 95 per equity share. Their quota was fully subscribed.
Sanstar IPO Allotment Date
Sanstar IPO allotment date is expected to be July 24, 2024. Generally, it takes two days to finalise the allotment. Refund process on the other hand should commence from the next day.
Sanstar IPO Listing Date
The IPO shares of the company Sanstar Limited will list on the NSE and BSE. Sanstar IPO listing date is Friday, July 26, 2024.
Sanstar IPO Price Band, Lot Size
Sanstar IPO price band has been fixed at Rs 90 to Rs 95 per share. The lot size is 150 shares. Retail investors will have to invest minimum of Rs 13,500 to participate in the bidding process. Minimum 35 per cent of total IPO size is reserved for small investors. The total size is Rs 510 crore.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Sanstar IPO GMP today falls ahead of the second of the bidding process. Albeit, stock market experts have given positive Sanstar IPO Review. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
