After strong IPO response, Sanstar shares to debut tomorrow. Here’s what GMP suggests

July 25, 2024

Sanstar’s shares debuted on exchanges after a highly subscribed IPO. Expected to list at a 32% premium, the company planned to use the proceeds for expansion, debt repayment, and other needs. Sanstar, a major producer of plant-based specialty products in India, recorded considerable revenue and profit growth.

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Social media analysis reveals bleak market sentiments among investors and experts. Market veteran Shankar Sharma highlights that the downturn is local and needs local solutions.

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