Sanstar IPO allotment being finalised today; Here’s how you can check status

According to the company, the raised money will be used to fund the capital expenditure of the Dhuule facility, payment of borrowings availed by the company, and other general corporate purposes.

Written by Sparsh Bansal

July 24, 2024 13:00 IST

The company raised Rs 153.05 crore from the anchor investors by offering them 16.11 million shares. (Photo: https://sanstar.in/)

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 India. 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 1

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.

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.