New Delhi: Sanstar IPO opens for subscription on Friday, July 19, 2024. Sanstar IPO GMP today is on a downward trajectory. This is during the run-up to the start of the Rs 510 crore three day bidding process. The premium of the shares of the company Sanstar Limited has gradually fallen in the grey market in last few days actually. Albeit, stock market experts have given positive Sanstar IPO review.
Sanstar IPO GMP today
According to Investor Gain, Sanstar IPO GMP today has fallen to Rs 37 ahead of the first day of the three day stake sale process. However, it is still in the positive zone by a large margin. Considering the company’s stock’s latest premium in the grey market and Sanstar IPO price band upper limit of Rs 95, it can be estimated that the company might may have listing gains of 39 per cent. Albeit, GMP cannot be considered as an official figure.
Sanstar IPO Review
Market experts Manav Jaiswal and Arun Kejriwal have given a subscribe call on Sanstar Limited’s Initial Public Offer (IPO). Jaiswal said to Money9, ‘I advise investors to apply in this public issue purely for listing gains”.
Both the stock market experts have advised long term investors to currently stay away from the issue. According to them, long term investors should wait now. They should think of investing in the company few days after listing. Sanstar IPO listing date is Friday, July 26, 2024.
Sanstar IPO Anchor Investors Details
On Thursday, July 18, Sanstar IPO Anchor Investors’ quota was fully subscribed. The company raised total of Rs 153.05 crore from anchor investors at the price of Rs 95 per equity share. Some of the prominent investors are:
BofA Securities
SBI General Insurance
Bank of England Flexi Cap Fund
Bank of England Small Cap Fund
Sanstar IPO Details
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. Minimum 35 per cent of total IPO size is reserved for small investors.
Sanstar IPO GMP today falls ahead of the start 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
