Sanstar IPO Allotment: Check status online using PAN on BSE, LINKIntime - Details

Sanstar IPO Allotment Status: The Sanstar IPO allotment is expected to be finalised today. Those who applied for the issue can check the allotment status online using PAN on the official website of BSE and LINKIntime. 

The initial public offer of plant-based speciality products company Sanstar Ltd received 82.99 times subscription on the closing day of the share sale on Tuesday. 

The Rs 510-crore initial share sale received bids for 3,11,95,03,800 shares against 3,75,90,000 shares on offer, as per NSE data.

Sanstar IPO allotment today: BSE

Step 1: Visit the official website of the BSE to check the status of the IPO application online. Login using the direct link: bseindia.com/investors/appli_check.aspx

Step 2: Select 'Equity' under 'Issue Type'

Step 3: Select 'Issue Name'. Either enter the application number in the box or provide your PAN details to proceed further

Step 4: Click 'submit'.

The status of your Sanstar IPO application status will appear on the screen.

Sanstar IPO allotment today: Registrar Link Intime India Pvt Ltd 

A bidder is required to log in at the direct Sanstar IPO's official registrar's website — https://linkintime.co.in/initial_offer/public-issues.html and follow through to check the status of the IPO application online. 

Sanstar IPO allotment today 

Step 1: Log in at the direct Intime India website — https://linkintime.co.in/initial_offer/public-issues.html

Step 2: Select-- Sanstar IPO

Step 3: Bidder then has to enter PAN details

Step 4: Click on the 'Search' option

The status of your Sanstar IPO application status will appear on the screen.

Sanstar IPO Listing Date 

The shares of Sanstar are scheduled for Friday, July 26.

The IPO has a fresh issue of up to 4.18 crore equity shares and an offer for sale of up to 1.19 crore equity shares.

The IPO has a price range of Rs 90-95 per share.

On Thursday, Sanstar Ltd said it has collected Rs 153 crore from anchor investors.

Proceeds from the fresh issue to the tune of Rs 181.55 crore will be utilised to fund the capital expenditure requirement for the expansion of the company's Dhule facility, Rs 100 crore for debt payment and a portion will also be used for general corporate purposes.

Sanstar is one of the major manufacturers of plant-based speciality products and ingredient solutions in the country.

The company's speciality products and ingredients add taste, texture, nutrients and increased functionality to foods as ingredients, thickening agents, stabilisers and sweeteners, among others.

It has an installed capacity of 1,100 tonnes per day through its two manufacturing facilities at Dhule in Maharashtra and Kutch in Gujarat.

The company exports its products to 49 countries across Asia, Africa, the Middle East, the Americas, Europe, and Oceania and has established its presence across India, distributing its products to 22 states.