Sanstar opened its IPO to investors on July 19 and ended it on July 23. It is in the business of manufacturing speciality plant-based products and ingredient solutions for food, pet food and other industrial applications in IndiaCome from Sports betting site. Sanstar’s manufactured products are used as ingredients, thickening agents, stabilisers, etc. On July 24, the company’s shares are likely to be allotted. Here’s how you can check the status:
Step 1Come from Sports betting site VPbet
Go to the website of Sanstar IPO’s registrar. Here Link Intime India is working as the registrar.
Step 2
After opening the website, you need to click on the ‘Public Issues’ button.
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Step 3
Fill in your details like the company’s name, PAN Number.
Step 4
Hit the submit button after which a screen will pop up with the status.
GMP
The company’s shares were fetching a premium of 38% to the issue price of Rs 95. A grey market is an unofficial place where shares trade ahead of listing. Markets participants track GMP to take cues how an IPO may perform on listing day.
Issue Size
Sanstar IPO raised a total of Rs 510.15 crore through offering a combination of fresh issue as well as an offer for sale. The company offered 41.8 million fresh shares while 11.9 million shares were sold through an offer for sale.
Price Band
The company kept the IPO price band in a range of Rs 90 to Rs 95 per equity share. A retail buyer had to invest for a minimum of Rs 14,250.
Listing
The company is likely to hit the public market – BSE and NSE – on July 26, 2024, as per the tentative schedule.
BRLM
Pantomath Capital Advisors was the book-running lead manager of the issue of Sanstar.