Sanstar stock price made a solid start on the stock exchanges today. Sanstar’s NSE share price opened at ₹109 per share, 14.73% higher than the issue price of ₹95. Sanstar share price opened at ₹106.40 on the BSE, up 12% from its issue price.
Market experts predicted that the opening price of Sanstar shares will be between ₹125 and ₹130 per share.
The Sanstar IPO’s subscription opened on Friday, July 19, and ended on Tuesday, July 23. Sanstar IPO subscription status was 82.99 times on the last day of bidding.
On the last day of the Sanstar IPO auction, the response from qualified institutional buyers (QIBs) was overwhelmingly positive.
Non-institutional investors (NIIs) surpassed retail investors on day three. As per BSE data, the Sanstar IPO garnered 82.99 times as many subscriptions from investors. QIBs booked 145.68 times, while NIIs subscribed 136.50 times. The retail investors section had 24.23 times as many subscriptions.
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