Sanstar

Sanstar IPO: All You Need to Know Before Investing!

Thinking of investing in the Sanstar IPO? Here are the key points you should consider!

Sanstar Ltd. is set to launch its IPO on July 19 with a price band of ₹90 to ₹95 per share. This IPO consists of 4.18 crore new shares and 1.19 crore OFS shares. The company, known as the fifth-largest maize-based product manufacturer in India, offers a range of products including liquid glucose, maltodextrin powder, and more. Ahead of the IPO, Sanstar raised Rs 153 crore from anchor investors, showcasing strong market interest.

With the aim to raise ₹510 crore through its IPO, Sanstar's offering comprises a fresh issue of ₹397 crore and an offer for sale of up to 1.19 crore shares. The IPO subscription status can be checked on BSE and NSE for real-time updates. Investors are advised to read all details before bidding on July 19 to secure their investment in this plant-based specialty company.

In a unique move, Sanstar's diversified anchor book comprises global financial institutions, mutual funds, insurance, and non-banking financial companies. The company's IPO price band and product offerings reflect its commitment to India's growing plant-based speciality market. Make sure to stay updated with the latest subscription status and details to make an informed decision on this upcoming IPO!