Initial public offer of 53,700,000 equity shares of face value Rs. 2/- each ("Equity Shares") of Sanstar Limited for cash at a price of Rs. 95/- per equity share (including a share premium of Rs. 93/- per equity share) (the "Offer Price"), aggregating to Rs. 510.55 crores comprising of a fresh issue of 41,800,000 equity shares aggregating to Rs. 397.10 crores by the company ("Fresh Issue") and an offer for sale of 11,900,000 equity shares aggregating to Rs. 113.05 crores comprising of 500,000 equity shares by Gouthamchand Sohanlal Chowdhary aggregating to Rs. 4.75 crores, 3,800,000 equity shares by Rani Gouthamchand Chowdhary aggregating to Rs. 36.10 crores, 500,000 equity shares by Sambhav Gautam Chowdhary aggregating to
Rs. 4.75 crores, 500,000 equity shares by Shreyans Gautam Chowdhary aggregating to Rs. 4.75 crores, 3,300,000 equity shares by Richa Sambhav Chowdhary aggregating to Rs. 31.35 crores and 3,300,000 equity shares by Samiksha Shreyans Chowdhary aggregating to Rs. 31.35 crores ("The Offer for Sale"). The offer constituted 29.47 % of the post-offer paid-up equity share capital of the company.
The face value of the equity shares is Rs. 2/- each. The offer price is 47.50 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
19-Jul-2024
23-Jul-2024
₹ 95.00
₹ 0.00
Minimum Application for shares in Nos : 150.0
Further Multiples of : 150.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
363.49
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer
510.55
Post Issue Equity Share Capital
36.45
Issue Price
₹95.00
Projects
Funding the capita; expenditure requirement for expansion of its Dhule Facility
Repayment and/or pre-payment in part or full of certain borrowings availed by the company