Sanstar IPO Subscription Status
Sanstar IPO was subscribed 82.99 times when bidding closed on 23 Jul 2024: QIB 145.68x, NII 136.49x, Retail 24.23x.
The Sanstar IPO has been subscribed 82.99x times overall. Retail investors have shown interest with bids for 24.23x the shares available. The Non-Institutional Investor (NII) category has been subscribed 136.49x. Within NII, Big HNI (B-HNI) subscribed 149.44x and Small HNI (S-HNI) subscribed 110.61x. Qualified Institutional Buyers (QIBs) have subscribed 145.68x. Data last updated on 10 Nov, 06:45 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 19 Jul, 2024 and closes on 23 Jul, 2024. The shares are expected to list on stock exchanges on 26 Jul, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 145.68x |
| NII | - of - - | 136.49x |
bHNI — bid amount above ₹10 Lakh |
- - | 149.44 |
sHNI — bid amount ₹2–10 Lakh |
- - | 110.61 |
| Retail | - of - - | 24.23x |
| TOTAL | - - | 82.99x |
Sanstar IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 25 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 145.68x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
23 Jul 2024
Day 3 |
82.99x | ▼ | |
|
QIB145.68x
BHNI149.44x
SHNI110.61x
Retail24.23x
|
|||
|
22 Jul 2024
Day 2 |
13.48x | ▼ | |
|
QIB1.29x
BHNI31.99x
SHNI34.55x
Retail12.15x
|
|||
|
19 Jul 2024
Day 1 |
4.16x | ▼ | |
|
QIB0.05x
BHNI10.73x
SHNI8.07x
Retail4.07x
|
|||
Sanstar IPO dates
From the bidding window 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
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
| # | Anchor Investor | Group Entity | Amt (₹ cr.) | % Allocated | |
|---|---|---|---|---|---|
| 1 | GAGANDEEP CREDIT CAPITAL PRIVATE LIMITED | - | ₹35.00 Cr | 22.87% | |
| 2 | SBI GENERAL INSURANCE COMPANY LTD | SBI MUTUAL FUND | ₹20.00 Cr | 13.07% | |
| 3 | BANK OF INDIA FLEXI CAP FUND | BANK OF INDIA MUTUAL FUND | ₹14.00 Cr | 9.15% | |
| 4 | BANK OF INDIA SMALL CAP FUND | BANK OF INDIA MUTUAL FUND | ₹11.00 Cr | 7.19% | |
| 5 | TRUST MUTUAL FUND - TRUST MF FLEXI CAP FUND | - | ₹10.00 Cr | 6.53% | |
| 6 | INTUITIVE ALPHA INVESTMENT FUND | - | ₹10.00 Cr | 6.53% | |
| 7 | CHATTISGARH INVESTMENTS LTD | - | ₹10.00 Cr | 6.53% | |
| 8 | SB OPPORTUNITIES FUND I | - | ₹10.00 Cr | 6.53% | |
| 9 | NEGEN UNDISCOVERED VALUE FUND | NEGEN | ₹8.04 Cr | 5.26% | |
| 10 | BOFA SECURITIES EUROPE SA ODI | BOFA SECURITIES | ₹8.00 Cr | 5.23% | |
| 11 | SOCIETE GENERALE - ODI | SOCIETE GENERAL | ₹7.00 Cr | 4.57% | |
| 12 | MINERVA EMERGING OPPORTUNITIES FUND LIMITED | - | ₹5.00 Cr | 3.27% | |
| 13 | FINAVENUE CAPITAL TRUST - FINAVENUE GROWTH FUND | FINAVENUE | ₹5.00 Cr | 3.27% | |
| TOTAL | ₹153.04 Cr | 100.00% |
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Sanstar IPO?
As of IPO close date (23 Jul, 2024), the Sanstar IPO is subscribed 82.99x times. Retail category is 24.23x, and NII is 136.49x subscribed.
When is the allotment date for Sanstar IPO?
The allotment for Sanstar IPO is expected to be finalized on 24 July, 2024.
What is the GMP of Sanstar?
The Grey Market Premium (GMP) for Sanstar is currently ₹24, indicating a potential listing gain of 25%.
When will Sanstar IPO list on the stock market?
Sanstar is scheduled to list on BSE and NSE on 26 July, 2024.
What are the chances of getting allotment in Sanstar IPO?
The retail category is oversubscribed at 24.23x, meaning allotment is by lottery. Statistically, approximately 1 in 25 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 145.68x mean for Sanstar IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 145.68x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Sanstar IPO allotment status?
After the allotment date (24 Jul, 2024), you can check your Sanstar IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Sanstar IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
