The Initial Public Offering (IPO) of Sanstar Limited was subscribed 82.98 times after receiving an overwhelming response from all the categories of investors on the final day of bidding.
The issue received bids of 3,11,93,83,800 shares against the offered 3,75,90,000 equity shares, at a price band of ₹90-95, according to the data available on the stock exchanges.
Qualified Institutional Buyer Portion subscribed 145.68 times and Non-Institutional Investors Portion subscribed 136.48 times respectively, whereas Retail Portion was subscribed 24.23 times.
Pantomath Capital Advisors Limited is the sole book-running lead manager and Link Intime India Private Limited is the registrar to the issue. The equity shares are proposed to be listed on the BSE and NSE. |
