Sanstar Limited IPO Opens with Strong Investor Interest

The highly anticipated initial public offering (IPO) of Sansar Limited has kicked off with a flurry of investor interest. The public issue, slated to remain open until July 23, 2024, has attracted significant attention from market participants eager to get a slice of the action.

Investors have shown confidence in Sansar Limited, with the book build issue already oversubscribed by 1.78 times within the first day of bidding. The retail portion of the IPO has been booked 2.15 times, while the Non-Institutional Investor (NII) segment saw a subscription rate of 3.31 times, underlining the strong demand for the company’s shares.

Market observers have reported a Grey Market Premium (GMP) of ₹42 for Sansar Limited shares, indicating a positive market sentiment towards the IPO.

Leading financial experts, including Amit Goel from Pace 360 and analysts from SBI Securities, have given favorable reviews to the IPO. Goel highlighted the company’s manufacturing of specialty plant-based products and ingredient solutions, emphasizing its growth potential and global reach.

With Link Intime India Private Limited as the appointed registrar for the book build issue, the IPO is expected to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), providing investors with ample trading opportunities.

Brokerage firms like DR Choksey, Swastika Investmart, and Master Capital Service have also weighed in on the IPO, offering insights and analysis to investors looking to capitalize on the potential of Sansar Limited in the market.