The post discusses Sanstar share price in 2024. It also tells about what this company is all about and the current market sentiments related to its IPO launch.

Highlights

• Recently, Sanstar Ltd launched its IPO.
• The shares were listed for rupees 109 on the NSE. And on BSE they were listed for 95 rupees.
• Sanstar share price is currently noted at around 120 rupees.

About Sanstar Limited

Sanstar Ltd is a company that deals in the production of specialized plant-related goods. It provides ingredient-oriented solutions for segments like industrial usage, food items, and pet food.

Some of the main products of the company are maize starches and dried glucose varieties. It also produces liquid glucose. Sanstar supplies dextrose monohydrate and maltodextrin powder as well. The by-products offered by this organization are fortified proteins, fiber, gluten, etc.

Sanstar share price on July 31 is around 120 rupees on NSE.

The IPO Process of Sanstar Limited

The shares of Sanstar Ltd were first listed on the stock exchange on July 26, 2024 (Friday). These shares witnessed a premium of around 15% on NSE. The issue price of the share was 95 Rs. The stock was listed at a valuation of 109 rupees.

If there is a discussion about BSE then at this platform its initial listing price was 106.40 rupees per share. This is around a premium of 12%.

Now, Sanstar’s share price is around 120 Rs.

It can be considered as a positive debut for Sanstar Ltd. The market analysts always thought that the share price of Sanstar would be in the range of 125 – 130 rupees.  They were expecting a premium of 30 to 35 percent.

Here Are Some Important Details about Sanstar Share Price –

• The subscription for Sanstar IPO started on July 19 this year.
• The process for accepting subscriptions was over on July 23.
• If we talk about the overall subscription status of Sanstar IPO then it was 82.99 times on the final day of the bidding.
• The response from QIBs has been very good.
• In this IPO, the NIIs have surely outperformed the retail investors.
• The booking from the side of QIBs was more than 145 times.
• From the side of NIIs, it was a surprising 136.50 times.
• From the segment of retail investors, the count of subscriptions was over 24 times.

Conclusion Sanstar Share Price

Sanstar IPO’s subscription process started on July 19 2024 and its share got listed on July 26. The company aimed to raise around 510 crore through its IPO. The financial analysts were expecting a premium of 25 to 30 percent after listing. But Sanstar share price saw a premium of 15% on the NSE. Hence, it has performed a little low on expectations.

Initially, it was listed for 109 rupees. Now, Sanstar share price is valued at 120 rupees. It is a good start for Sanstar. Investors are closely monitoring the overall performance of the company. The price may witness a jump in the future. For daily finance news and stories like and subscribe to Financereview.org.