Sanstar Limited IPO GMP

Sanstar Limited IPO: Everything You Need to Know

Exciting updates on Sanstar Limited IPO - check out the grey market premium, subscription status, and more!

Sanstar Limited has captured the attention of investors with its much-anticipated IPO launch. Market observers have reported a significant premium of ₹42 in the grey market for Sanstar Limited shares on day one. The IPO, which includes a fresh issue of 41.8 million shares valued at Rs 397.1 crore and an offer for sale of 11.9 million shares, aims to raise a total of ₹510 crore. Unlisted shares of Sanstar Ltd are trading Rs 37 higher in the grey market, projecting a potential listing gain of 38.95% from the public issue.

Investors are evaluating whether to subscribe to the Sanstar IPO, which opened with a new issue of 4.18 crore shares amounting to Rs 397.10 crores and an offer for sale of 1.19 crore shares valued at Rs 113.05 crores. The company plans to utilize the proceeds from the IPO, particularly ₹181.55 crore, to fund capital expenditure for expanding its operations.

In an interesting turn of events, the grey market premium for Sanstar Limited IPO currently stands at Rs 45, showcasing a 47% premium. Axis Bank Limited and HDFC Bank Limited are witnessing active trading during market hours, indicating strong investor interest in Sanstar Limited. The IPO has created a buzz in the market, prompting potential investors to consider the subscription.

As the IPO frenzy continues, it's crucial for investors to keep an eye on the grey market premium trends and subscription status to make informed decisions about participating in Sanstar's IPO. With the IPO market heating up, Sanstar Limited's debut is one to watch closely for potential gains and market dynamics.