Sanstar IPO allotment likely to be finalised on July 24: Here’s how to check status on Link Intime, NSE

Sanstar IPO (initial public offering) received a strong response from investors, with a total subscription of 82.99 times during the three-day subscription window amid massive participation from institutional investors.

The ₹510-crore IPO received bids for 3,11,95,03,800 equity shares against 3,75,90,000 shares on offer, according to the National Stock Exchange (NSE) data.

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

The public offer consisted of a fresh issue of 4.18 crore shares and an offer for sale (OFS) component of up to 1.19 crore shares. Sanstar IPO, which was open for subscription from July 19 to July 23, set a price band of ₹90 to ₹95 per share.

The company had collected ₹153 crore from anchor investors before the initial share sale.

How to check Sanstar share allotment on the NSE website

• Visit the NSE IPO allotment portal- https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login using your username and password
• Select Sanstar Ltd
• Verify PAN
• Enter the IPO application number
• Click on Submit

Steps to check Sanstar IPO allotment status on Link Intime India

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

Proceeds from the fresh issue will be used for capital expenditures, including expanding the company's Dhule facility, paying debt, and general corporate purposes.

About Sanstar

Sanstar is among the top manufacturers of plant-based speciality products and ingredient solutions in India. Its speciality products and ingredients add taste, nutrients, texture, and increased functionality to foods as ingredients, stabilisers, thickening agents and sweeteners, among others.

The company has two manufacturing plants in Kutch, Gujarat, and Dhule, Maharashtra. Its products are exported to 49 nations in Asia, Africa, Europe, the Americas, the Middle East, and Oceania.

The company's shares will be listed on the BSE and the NSE.