Sanstar IPO: Key Details and Statistics

Strategic Insights -

Sanstar Limited, a manufacturer of speciality plant-based products, is set to launch its initial public offering (IPO). The company aims to raise ₹510.15 crore by offering a combination of fresh issue and an offer for sale. This move is expected to help Sanstar fund its capital expenditure requirements for the expansion of its Dhule Facility, repay borrowing, and cover other corporate purposes.

Key Takeaways:

  • The IPO price band is set between ₹90 and ₹95 per equity share, with a minimum investment requirement of ₹14,250 for retail applicants.
  • The company plans to sell 41.8 million shares for a value of ₹397.10 crore, while the offer for sale includes 11.9 million shares valuing ₹113.05 crore for promoters and other selling shareholders.
  • The allotment of shares is expected to be finalised by July 24, with a listing on the BSE and NSE mainboard platform on July 26.
  • Sanstar's product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, and other speciality plant-based products.
  • Pantomath Capital Advisors is the lead book-running manager, while Link Intime India will work as the registrar for the issue.
  • The Sanstar IPO will open for subscription on July 19 and will close on July 23.

Statistics:

  • ₹510.15 crore: The amount Sanstar Limited aims to raise through its IPO.
  • ₹397.10 crore: The value of 41.8 million shares being sold by the company.
  • ₹113.05 crore: The value of 11.9 million shares being sold by promoters and other selling shareholders through the offer for sale.
  • ₹14,250: The minimum investment required for retail applicants.
  • ₹90: The lower end of the IPO price band.
  • ₹95: The upper end of the IPO price band.
  • July 19: The date the Sanstar IPO will open for subscription.
  • July 23: The last date to apply for the Sanstar IPO.
  • July 24: The expected date for finalising allotment of shares.
  • July 26: The expected date for listing on the BSE and NSE mainboard platform.

Sources:

  • Sanstar Limited's official statement
  • IE Online Media Services Pvt. Ltd.
  • Contify.com
  • Pantomath Capital Advisors press release
  • Link Intime India's registration information