Sanstar Limited

IPO Details

Sanstar IPO is open for subscription starting Tuesday, July 19, 2024 and closing on Thursday, July 23, 2024. The price of this upcoming IPO is decided at Rs 90 to Rs 95 per share. The minimum lot size for the retail category is 150 shares. The minimum lot size for small NII is 15 lots consisting of 2,250 shares.  Meanwhile, the minimum lot for big non-institutional investors is 71 lots with 10,650 shares. The minimum investment required for retail category investors is Rs 14,250 (95 x 150 shares).  However, for small non-institutional investors, the minimum investment amount required is Rs 2,13,750 (95 x 2,250 shares); for big non-institutional investors, it is Rs 10,11,750 (95 x 10,650 shares).  Sanstar IPO is a book-built issue of Rs 510.15 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue size of Rs 4.18 crore equity shares amounting to Rs 397.10 crores. The offer for sale is of Rs 1.19 crores shares amounting to Rs 113.05 crores. The allotment for this IPO is expected to be finalised on Wednesday, July 24, 2024.  Sanstar Limited's IPO will be listed on both the exchanges BSE and NSE, and the listing date is fixed for Friday, July 26, 2024. Pantomath Capital Advisors Private Limited is the book-running lead manager of Sanstar Limited. Link Intime India Limited is the registrar for this new IPO.