– Sanstar’s IPO sees strong response from investors, with bids for 74.91 times the offered shares
– Company looking to raise Rs 510.15 crore via IPO, with price band of Rs 90-95 per share
– Allocation for non-institutional investors subscribed 133.73 times, QIBs 122.57 times, and retail investors 22.48 times
– Sanstar manufactures specialty plant-based products for food, pet food, and industrial applications
– Brokerage firms positive on the issue, advising long-term investment
– Company’s capacity expansion and focus on derivative products expected to boost revenue and profitability
– Sanstar raised Rs 153.04 crore from anchor investors ahead of IPO
– Company’s profitability and return ratios better than average peers
– Pantomath Capital Advisors is the sole book running lead manager for the IPO
– Shares to be listed on BSE and NSE on July 26

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