The wait is over for investors who applied for shares in the Sanstar IPO! Today, on Wednesday, July 24th, 2024, the allotment of shares is being finalized. This means the company will decide who will receive shares they applied for during the IPO bidding process.
The Sanstar IPO received a strong response from investors, with the overall subscription reaching a whopping 82.99 times. This indicates significant investor interest in the company’s future prospects. The portion of the offering reserved for Qualified Institutional Buyers (QIBs), which are large financial institutions, was subscribed a massive 145.68 times. Similarly, Non-Institutional Investors (NIIs) showed strong interest, subscribing to their portion 136.50 times. Retail investors, which include individual investors like yourself, subscribed to their portion 24.23 times.
If you applied for shares in the Sanstar IPO, here’s what you can expect in the coming days:
- Allotment Finalization (Today, July 24th): Today, the company will finalize the allotment of shares. This means they will decide which investors will receive shares and how many.
- Status Check (Today & After): You can check the status of your application starting today.
- Refund Initiation (July 25th): If you applied for shares but weren’t allotted any, the refund process for the application money will begin on Thursday, July 25th.
- Share Credit & Listing (July 25th & 26th): If you are allotted shares, they will be credited to your Demat account on Thursday, July 25th. The official listing of Sanstar shares on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is expected to happen on Friday, July 26th. This means you can start trading your shares on these stock exchanges from that day onwards.
How to Check Your Sanstar IPO Allotment Status
There are two main ways to check the status of your Sanstar IPO application:
- Link Intime India Private Ltd: Link Intime is the registrar for the Sanstar IPO. You can visit their website and use their online portal to check your application status. You will need your PAN number, application number, or DP Client ID to do this.
- BSE Website: The BSE website also provides a platform to check your IPO allotment status. You will need to select the Sanstar IPO and enter your application details.
The Grey Market Premium (GMP) is an unofficial estimate of how much a stock might trade for on its listing day compared to its issue price. While GMP is not always accurate, it can provide some insight into investor sentiment. As of today, the GMP for Sanstar is reportedly around Rs 36 per share. This suggests that the stock might list at a price around 38% higher than its issue price of Rs 90-95 per share. However, it’s important to remember that GMP is not a guaranteed prediction, and the actual listing price could be higher or lower.
Stay Informed and Good Luck!
We recommend staying informed by checking the company’s website or financial news websites for any further updates about the Sanstar IPO. Good luck to all investors who applied for shares!