By earn 
: A Comprehensive Overview
IPO Dates: 19th – 23rd July 2024
Price Band: ₹90 – ₹95
Market Lot: 150 Shares
Application Amount: ₹14,250
IPO Size: Approximately ₹510 Crores
Retail Portion: 35%
Retail Form: 1,25,300
HNI Small Form: 1,193
HNI Big Form: 2,387
Face Value: ₹2
Sanstar Limited, a significant player in its industry, is set to launch its Initial Public Offering (IPO) from the 19th to the 23rd of July, 2024. With a price band set between ₹90 and ₹95 per share, investors are keenly anticipating the opportunity to be part of this promising venture. Here’s a detailed look at what this IPO entails and why it could be an attractive investment opportunity.
Key Highlights of the Sanstar Limited IPO
IPO Timeline
The IPO will be open for subscription from the 19th to the 23rd of July, 2024. This provides a window of five days for investors to make their applications and secure their shares.
Price Band and Market Lot
The price band for the shares is set between ₹90 and ₹95, allowing investors some flexibility within this range. Each market lot comprises 150 shares, making the minimum application amount ₹14,250.
IPO Size
Sanstar Limited aims to raise approximately ₹510 crores through this IPO. This substantial amount highlights the company’s growth ambitions and plans for future expansion.
Retail and HNI Portions
The retail portion of the IPO stands at 35%, offering a significant chunk of the shares to individual investors. The forms for retail investors total 1,25,300. High Net Worth Individuals (HNIs) have their allocation split into small and big forms, with 1,193 and 2,387 forms respectively.
Face Value
The face value of the shares is set at ₹2, making it affordable for a broad spectrum of investors.
Why Invest in Sanstar Limited?
Strong Market Position
Sanstar Limited has established itself as a robust player in its industry, with a strong market presence and a reputation for quality and reliability. Investing in this IPO provides an opportunity to be part of a company with a solid track record.
Growth Potential
The funds raised from the IPO are expected to be utilized for expansion and diversification, positioning Sanstar Limited for future growth. This forward-looking approach makes it an attractive investment for those looking for long-term gains.
Attractive Pricing
The price band of ₹90 – ₹95 is considered attractive given the company’s market position and growth potential. This pricing strategy is likely to draw significant interest from retail and institutional investors alike.
How to Apply
Investors interested in participating in the Sanstar Limited IPO can apply through various online and offline platforms. It is crucial to ensure that applications are submitted within the stipulated dates to avoid missing out on this opportunity.
Conclusion
The Sanstar Limited IPO presents a promising investment opportunity with its attractive pricing, substantial market presence, and growth potential. With the IPO dates fast approaching, investors should prepare to make informed decisions and potentially secure a stake in a company poised for future success.
