Sanstar share price has made a strong debut on the stock exchanges today. On the National Stock Exchange (NSE), the stock opened at ₹109 per share, reflecting a 14.73% premium over its issue price of ₹95. On the Bombay Stock Exchange (BSE), the shares debuted at ₹106.40 apiece, marking a 12% increase from the issue price. This positive start has set an optimistic tone for the company’s market performance.

Sanstar IPO Details

Sanstar Limited, known for its unique plant-based products and ingredient solutions, launched its initial public offering (IPO) with the aim of raising ₹510.15 crore. The IPO includes a fresh issue of 4.18 crore equity shares worth ₹397.1 crore and an offer-for-sale (OFS) of 1.19 crore shares, priced at ₹113.05 crore by the promoters. The OFS will see key shareholders, including Rani Gouthamchand Chowdhary, Richa Sambhav, and Samiksha Shreyans Chowdhary, selling a significant number of shares.

The funds raised from the IPO will be utilized for general corporate purposes, repayment of borrowed funds, and capital expenditure to expand the Dhule Facility.

Sanstar IPO GMP Today

The grey market premium (GMP) for Sanstar IPO today stands at +25. This indicates that the Sanstar share price was trading at a premium of ₹25 in the grey market, according to investorgain.com. Based on the upper end of the IPO price band and the current GMP, the estimated listing price of Sanstar shares was around ₹120 apiece. This is 26.32% higher than the IPO issue price of ₹95.

Today’s GMP suggests a strong listing performance, driven by favorable grey market activity. Over the past 14 days, the GMP has fluctuated between ₹0 and ₹44, reflecting varying investor sentiments.

Market Reactions and Performance

The strong debut of Sanstar shares reflects the positive response from investors. The IPO had an impressive subscription rate, with the overall subscription reaching 82.99 times. Qualified Institutional Buyers (QIBs) showed significant interest, with a subscription rate of 145.68 times, while Non-Institutional Investors (NIIs) subscribed 136.50 times. Retail investors also participated actively, with a subscription rate of 24.23 times.

Sanstar Limited specializes in producing a range of products, including liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, and maize starches, among other items. The company’s unique offerings and strong market position contributed to the robust interest in its IPO.

As the market continues to react to Sanstar’s debut, all eyes will be on how the stock performs in the coming days. The initial positive performance bodes well for the company’s future prospects and highlights investor confidence in its growth potential.