Sanstar IPO GMP History
Sanstar IPO has been listed on July 26, 2024 at a listing price of ₹109, against the issue price of ₹95 — a gain of ₹14 (+14.74%). The GMP peaked at ₹32 on 23 July 2024 and reached a low of ₹24 on 26 July 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Sanstar IPO raised ₹510.15 Cr. through its IPO at a price band of ₹90 to ₹95 per share, with a lot size of 150 shares. The IPO was open for subscription from 19 Jul 2024 to 23 Jul 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:45 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 26 Jul 2024 | ₹ 24 | — | 25% | — | — |
| 25 Jul 2024 | ₹ 24 | — | 25% | — | — |
| 24 Jul 2024 | ₹ 24 | ▼ | 25% | — | — |
| 23 Jul 2024 | ₹ 32 | ▲ | 34% | — | — |
| 22 Jul 2024 | ₹ 28 | ▼ | 29% | — | — |
| 21 Jul 2024 | ₹ 29 | ▼ | 31% | — | — |
| 20 Jul 2024 | ₹ 30 | — | 32% | — | — |
Sanstar IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 19 Jul 2024
- Close 23 Jul 2024
- Allotment 24 Jul 2024
- Refund/credit 25 Jul 2024
- Listing 26 Jul 2024
Sanstar IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹95 |
|---|---|
| GMP-based estimate (pre-listing) | ₹119 (+25.3%) |
| Listing gain / loss | +₹14 per share |
| Listing date | 26 Jul, 2024 |
| Actual listing price | ₹109 (+14.74%) |
Is Sanstar IPO GMP reliable?
Grey market premium for Sanstar IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Sanstar IPO full review for a fundamentals-based assessment before making any grey market trades.
Sanstar IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Sanstar IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Sanstar IPO
Sanstar Limited was incorporated as Continental Papers Limited on 26 February 1982. As per Frost & Sullivan, it is one of the major makers of plant-based speciality products and ingredient solutions in India for food, animal nutrition and other industries.
Its products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native and modified maize starches, and co-products such as germ, gluten, fibre and fortified proteins.
They are used as ingredients, thickeners, stabilisers, sweeteners and additives in foods, as nutrition in pet food, and in other industrial uses. It has a manufacturing facility at Dhule, Maharashtra.
The IPO was Rs 510.15 crore, with Rs 397.10 crore of fresh issue and Rs 113.05 crore of offer for sale by promoters and promoter group members. Rs 181.56 crore was planned for expanding the Dhule facility and Rs 100.00 crore for repaying borrowings.
Frequently asked
What is the GMP of Sanstar IPO?
The current Grey Market Premium (GMP) of Sanstar IPO is ₹ 24.
What is the Kostak Price of Sanstar IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Sanstar IPO is not available.
What is the Subject to Sauda Price of Sanstar IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Sanstar IPO?
Sanstar IPO listed on July 26, 2024 at ₹109, against the issue price of ₹95 — a gain of +14.74%.
How did the GMP of Sanstar IPO trend before listing?
The GMP of Sanstar IPO was stable in its final days before listing. The GMP peaked at ₹32 on 23 July 2024. View the day-wise table above for the complete GMP history.
Explore Sanstar IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
