Sanstar IPO share allotment finalised: Steps to check status on Link Intime, NSE

Sanstar IPO (initial public offering) share allotment status has been finalised. Investors who applied for the public offer can check the allotment status on the websites of Link Intime India Private Ltd and the National Stock Exchange (NSE).

The issue received a solid response from investors with 82.99 times subscription led by institutional investors.

The portion for qualified institutional buyers, or QIBs, was subscribed 145.68 times, while the part set aside for non-institutional investors (NIIs) received 136.5 times the subscription. The retail investors category received 24.23 times the subscription.

The IPO is a mix of a fresh issuance of 4.18 crore equity shares and an offer-for-sale component of 1.19 crore shares.

Sanstar IPO, which had a price band of ₹90-₹95 per share, was open for a three-day subscription window between July 19 and July 23. The company also raised ₹153 crore from anchor investors prior to the initial share sale.

Steps to check Sanstar share allotment on the NSE website

• Visit the NSE IPO allotment website- https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with your username and password
• Select 'Sanstar Limited'
• Verify Permanent Account Number (PAN)
• Enter the IPO application no
• Click on Submit

How to check Sanstar IPO allotment status on Link Intime India

• Visit Link Intime India website- https://linkintime.co.in/initial_offer/public-issues.html
• Select 'Sanstar Ltd' from the drop-down list on the Check Application Status page
• Enter your PAN, Demat account number, application number or client ID
• Click on the 'Submit' button

The IPO proceeds will be used for capital expenditure, debt repayment, and general corporate purposes.

About Sanstar

Sanstar is one of the country's top producers of plant-based speciality products and ingredient solutions. Its products and ingredients add taste, nutrients and texture to the food.

With two manufacturing facilities in Gujarat and Maharashtra, the company's products are exported to 49 countries.