New Delhi: Sanstar IPO GMP has gradually fallen in last few days as the plant based product manufacturer Sanstar Limited gears up for the listing day i.e. today on Friday, July 26, 2024. Sanstar IPO Subscription Status stood oversubscribed multifold times after the bidding windows had closed on July 23. These facts indicate decent Sanstar IPO listing gains and positive listing price predictions by the grey market. Let’s see what stock market expert Arun Mantri has to say on the listing day strategy of retail investors.
Sanstar IPO GMP today, listing price, listing gains prediction
According to Investor Gain, Sanstar IPO GMP today stood at Rs 24. Considering the company’s stock’s current premium in the grey market and upper limit of the issue price band of Rs 90-95, Sanstar IPO listing gains of 25 per cent and Sanstar IPO listing price prediction of Rs 118 can be made. Albeit, GMP cannot be considered as an official figure.
Sanstar IPO Subscription Status today
Sanstar IPO Subscription Status was full nearly 83 times the total size. The public issue had got maximum traction from Qualified Institutional Buyers (QIBs). While, Non Institutional Investors’ quota was oversubscribed nearly 136 times the allotted size. On the other hand, Sanstar IPO retail subscription status had stood at 24X.
Sanstar IPO Listing Day Strategy
Stock market expert Arun Mantri has advised that investors should book profit on listing. Mantri told Money9, “Looking at the current market trend. I think investors should exit the company on listing gains if any.” After the Budget 2024, India’s domestic equities have come under pressure courtesy capital gains tax hike.
Sanstar IPO Allotment Status
Those who had applied in the public issue, can check Sanstar IPO Allotment Status on the company’s registrar’s website, NSE and BSE. The allotment status was expected to be finalised by July 24. Generally, it takes two days to finalise the allotment. Refund process on the other hand had commenced from the July 25 onwards. The IPO shares will list on the NSE and BSE today.
(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.)
Know what stock market expert Arun Mantri has to say on Sanstar IPO listing gains. Check out latest GMP today, listing price prediction and more. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
