Sanstar Soars on Debut, Shares List at ₹109, 14.73% Above IPO Price!Sanstar Soars on Debut, Shares List at ₹109, 14.73% Above IPO Price!

Sanstar shares had a strong debut, opening on NSE at ₹109, a 14.73% premium over the ₹95 issue price. On BSE, the opening price was ₹106.40, marking a 12% increase. This positive start reflects robust investor confidence in Sanstar’s market prospects.

Sanstar Ltd IPO Day 3 subscription status shows strong investor interest. Qualified Institutional Buyers subscribed 145.68 times, Non-Institutional Investors at 136.50 times, and Retail Individual Investors at 24.23 times, leading to an overall subscription rate of 82.99 times.

Sanstar Limited, a top Indian producer of plant-based specialty products, serves food, animal nutrition, and industrial sectors, enhancing flavour, texture, and functionality. It ranks as India’s fifth-largest in maize-based products with a production capacity of 363,000 tons yearly. With facilities in Dhule and Kutch, Sanstar exports globally, maintaining high standards with certifications like FSSAI and ISO 9001:2015.

Sanstar Ltd’s IPO aims to expand its Dhule facility with INR 181.55 crores, repay debts using INR 100 crores, and allocate remaining funds for various corporate needs and growth.