Sanstar IPO
Starch/Glucose/Specialty - Listed on 26 July 2024
Sanstar IPO listing summary
Sanstar (Starch/Glucose/Specialty) closed its IPO window in 2024 and listed on NSE and BSE on 26 July 2024 at an upper band issue price of Rs 95, opening at Rs 109 for a listing gain of +14.7% and closing day one at Rs 115.07 (+21.1% on closing basis). The IPO was subscribed 82.96x overall - QIB 145.68x, HNI/NII 136.47x, Retail 24.19x. The total issue size was Rs 510.15 Cr (Fresh Issue Rs 397.1 Cr, OFS Rs 113.05 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Sanstar IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 40 | +34.74% |
| Day 2 | Rs 40 | +31.58% |
| Day 3 | Rs 40 | +31.58% |
| Day 4 | Rs 35 | +36.84% |
| Day 5 | Rs 30 | +36.84% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Sanstar IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Sanstar IPO - FAQs
What was the listing gain of Sanstar IPO?
Sanstar IPO listed at +14.7% versus the upper issue price of Rs 95 on 26 July 2024.
How many times was Sanstar IPO subscribed?
Sanstar IPO was subscribed 82.96x overall. QIB portion was subscribed 145.68x, HNI / NII 136.47x and Retail 24.19x.
What was the IPO GMP for Sanstar?
IPO GMP started at Rs 40 on Day 1 and moved to Rs 30 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.