Sanstar Limited IPO GMP

Sanstar Limited is one of the major manufacturers of plant based speciality products and ingredient solutions in India for food, animal nutrition and other industrial applications, with an installed capacity of 1,100 metric tons per day.

Sanstar IPO, a Book Built issue amounting to ₹510.15 crores, consisting a Fresh Issue of 41.8 lakh Shares worth ₹397.1 crores and an Offer for Sale of 119 Lakh Shares totalling to ₹113.05 crores. The subscription period for the Sanstar IPO opens on July 19, 2024, and closes on July 23, 2024. The allotment is expected to be finalized on or about Wednesday, July 24, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Friday, July 26, 2024.

The Share price band of Sanstar IPO is set at ₹90 to ₹95 equity per share, with a minimum lot size of 150 shares. Retail investors are required to invest a minimum of ₹14,250, while the minimum investment for High-Net-Worth Individuals (HNIs) is 15 lots (2,250 shares), amounting to ₹213,750.

Pantomath Capital Advisors Private Limited is the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue.

Sanstar Limited IPO GMP Today
The Grey Market Premium of Sanstar Limited IPO is expected in the range of ₹25 to ₹30 based on the financial performance and live subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Sanstar Limited IPO Live Subscription Status Today
As of 04:30 PM on 23 July 2024, the Sanstar Limited IPO live subscription status shows that the IPO subscribed 39.19 times on day 3. Check the Sanstar Limited IPO Live Subscription Status Today at NSE.

Sanstar Limited IPO Allotment Status
Sanstar IPO allotment date is 24 July, 2024, Wednesday. Sanstar IPO Allotment will be out on 24th July 2024 and will be live on Registrar Website from the allotment date. Check Sanstar Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Sanstar Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Sanstar Limited IPO
Sanstar Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹1,815.55 Millions is required for Funding the capital expenditure requirement for expansion of their Dhule Facility; 
2. ₹1,000.00 Millions is required for Repayment and/or pre-payment, in part or full, of certain borrowings availed by their Company and; 
3. General Corporate Purposes.

Refer to Sanstar Limited RHP for more details about the Company.