– Sanstar Limited IPO opened on 19th July 2024, with a price band of ₹90 to ₹95 per equity share aiming to raise ₹510.15 crore.
– The public issue was oversubscribed 4.16 times after the first day of bidding.
– Sanstar Limited IPO GMP in the grey market rose to ₹46 on day 2 of bidding.
– Analysts recommend subscribing to the IPO for long-term gains, citing growth prospects and fair valuation.
– Leading brokerages like BP Equities, Adroit Financial Services, and others have given a ‘subscribe’ tag to the IPO.
– Bidding for the public issue will end on 23rd July 2024, with the allotment date likely on 24th July 2024 and listing date on 26th July 2024.