Sanstar IPO Goes Live Today: What to Expect from Listing Price and GMP

The initial public offering (IPO) of Sanstar Limited is set to list today, July 26, 2024. According to the notice from the Bombay Stock Exchange (BSE), the equity shares of Sanstar Limited will be listed and admitted for trading on both the BSE and the National Stock Exchange (NSE) in the ‘B’ group of securities. Trading for Sanstar shares will begin at 10:00 AM today.

Grey Market Trends

Ahead of the IPO listing, Sanstar shares are showing a strong performance in the grey market. Market observers report that shares are trading at a premium of ₹35 in the grey market. This suggests that the expected listing price for Sanstar shares could be around ₹130, indicating a potential gain for investors.

Expert Predictions

Despite some concerns about higher valuations, Sanstar’s IPO received a strong response from investors. Experts have offered positive forecasts for the IPO:

• Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, anticipates that the listing price will be around ₹125 to ₹130 per share. He predicts a listing gain of approximately 33% based on the grey market trends and the rising demand for Sanstar’s products. Goel believes that the company’s expanded capacities and growing product demand will contribute to a strong debut.
• Prashanth Tapse, Senior Vice President of Research at Mehta Equities, expects a listing gain in the range of 22% to 25% above the issue price of ₹95 per share. Tapse highlights that, despite slightly higher valuations, the IPO received a robust response, driven by the opportunity to invest in a leading Indian manufacturer of maize-based specialty products. Tapse notes that the high entry barriers in this industry and the business-to-business nature of Sanstar’s operations create a stable and loyal customer base, which supports a positive outlook.

Sanstar IPO GMP Today

According to market observers, the grey market premium (GMP) for Sanstar’s IPO today is ₹35. This suggests that the expected listing price will be around ₹130, which is about 35% higher than the issue price.

Overall, today’s listing is generating considerable excitement, with experts and market participants anticipating a strong debut for Sanstar’s shares.