Sanstar IPO to open on Friday; what GMP indicates ahead of subscription?

Sanstar is aiming to raise ₹510 crore through its IPO, consisting of a fresh issue of ₹397 crore and an offer for sale of up to 1.19 crore shares at a face value of ₹2 each. The company has set a price band of ₹90-95 per share, with investors able to bid for a minimum of 150 shares per lot.