– Sanstar Limited’s IPO has received a positive response from investors, with a 13.53 times subscription.
– The retail and non-institutional investors’ quotas were fully subscribed within two hours of bidding.
– The IPO will close on July 23 and the price band is set at Rs 90-95 per share.
– Analysts recommend subscribing to the IPO for long-term growth prospects, though caution is advised due to some risks.
– Kataria Industries IPO details are also mentioned in the article.
– Sanstar is a leading manufacturer of plant-based specialty products, with a focus on sustainability and a diversified customer base.
– Proceeds from the IPO will be used for capital expenditure, debt repayment, and general corporate purposes.
– The company’s revenue and profit have shown significant growth in recent years.
– Investors can bid for a minimum of 150 equity shares and multiples of 150 thereafter.