How To Check Sanstar IPO Allotment Status

Sanstar IPO consists of a fresh issue of 4.18 crore shares and an offer for sale (OFS) of 1.19 crore shares by selling shareholders. The price band for the IPO is fixed at ₹90 to ₹95 per share.

If you applied for the IPO, here is how you can check the Sanstar IPO allotment status.

Checking Allotment Status on Registrar's Website:

Follow these steps to check the Sanstar IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Sanstar" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Click Submit to retrieve the Sanstar IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "Sanstar" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Sanstar IPO allotment status will be visible.

Sanstar IPO Subscription Status

The IPO, which opened for subscription on Monday, July 19, and closed on Wednesday, July 21, experienced a strong response from investors. The IPO was subscribed 83 times by the end of the final day of bidding. The Qualified Institutional Buyers (QIBs) quota was subscribed the most at 145.68 times, followed by the Non-Institutional Investors (NIIs) portion at 136.50 times. The retail investors’ portion was booked 24.23 times.

Sanstar IPO GMP

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Sanstar IPO GMP is reported at ₹36. This indicates that the stock could list at ₹131, suggesting a 38% premium on the listing. However, it’s crucial to remember that while GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock’s performance upon listing.

Sanstar IPO Details

The minimum lot size for an application is 150 shares, requiring a minimum investment of ₹14,250 by retail investors. The company aims to use the net proceeds from the IPO for the expansion of its Dhule facility, debt repayment, and general corporate purposes.

Prior to the IPO launch, Sanstar had secured ₹153 crore from 12 anchor investors, including Societe Generale, BofA Securities Europe SA ODI, and Gagandeep Credit Capital. The shares of Sanstar are scheduled to be listed on both the BSE and NSE on Monday, July 26.

About Sanstar

Sanstar is a leading manufacturer of plant-based speciality products and ingredient solutions in India. The company’s products are used as ingredients, thickening agents, stabilisers, and sweeteners in the food industry. Sanstar has an installed capacity of 1,100 tonnes per day through its two manufacturing facilities in Dhule, Maharashtra, and Kutch, Gujarat. The company exports its products to 49 countries and distributes its products across 22 states in India

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