New Delhi: Stock market analyst Arun Kejriwal has given a subscribe call on Sanstar Limited’s Initial Public Offer (IPO) which is set to open for subscription from Friday, July, 19, 2024. Giving a subscription call on the Rs 510.15 crore public issue, stock market analyst Arun Kejriwal told Money9 that “Retail investors who are interested can apply in the bidding process.” On what should be the strategy of investors on Sanstar IPO, Kejriwal said, “There are chances that subscribers of the public issue will get to exit the stock on listing gains. Long term investors can wait for now. They must wait till the IPO frenzy of this issue gets over after 15-20 days of listing. Then, they can look to enter the stock.” On Sanstar IPO GMP, Kejriwal said, “The stock has got good premium in the grey market.” Sanstar IPO listing date is Friday, July 26, 2024.
Sanstar IPO GMP today
According to Investor Gain, Sanstar IPO GMP today was Rs 41. Under consideration that the company’s stock’s latest premium in grey market and Sanstar IPO price band upper band of Rs 95, it can be estimated that the company might may listing gains of 43 per cent. Albeit, GMP cannot be considered as an official statistic.
Sanstar IPO allotment date
Sanstar IPO allotment date is expected to be July 24, 2024. Refund process should commence from the next day. The IPO shares of the company Sanstar Limited , which is a manufacturer of plant-based speciality products will list on the NSE and BSE . Sanstar IPO dates are July 19-23.
Sanstar IPO price band, lot size
Sanstar IPO price band has been fixed at Rs 90 to Rs 95 per share. The minimum lot size is 150 shares. Retail investors will have to invest minimum of Rs 13,500 to participate in the bidding process.
About Sanstar Limited
Ahmedabd based Sanstar Limited is mainly into the business of corn processing. Using corn as raw material, the company manufactures numerous well established products for Fast Moving Consumer Goods (FMCG) companies. The corporate has a quality client base to cater to.
(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.)
On Sanstar IPO GMP, today stock market analyst Arun Kejriwal said, “The stock has got good premium in the grey market.” Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
