Ahmedabad-based, Sanstar Limited has garnered Rs.153 crores from anchor investors ahead of its initial public offering that opens for public subscription on Friday, July 19, 2024. The Company informed the bourses that it allocated 1,61,10,000 equityshares at Rs. 95 per share on Thursday, July 18, 2024, to anchor investors.

The diversified anchor book of Sanstar Limited comprises 13 anchors including global financial institutions, domestic mutual funds, large insurance & NBFC treasuries, AIFs and foreign portfolio institutions. The institutions who participated in the anchor are the following:

• Global Financial Institutions: BOFA Securities (Division of Bank of America), Societe Generale
• Mutual Funds: BOI Mutual Fund, Trust Mutual Fund
• Institutional Treasuries: SBI General Insurance, Gagandeep Credit Capital, Chhattisgarh Investments
• AIFs: Negen Undiscovered Value Fund, SB Opportunities Fund, Finavenue Capital Trust
• Foreign Portfolio Investments: Intuitive Alpha Fund, Minerva Emerging Fund

The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Friday, July 19, 2024, and closes on Tuesday, July 23, 2024. The price band for the Offer has been determined at Rs 90 – Rs 95 per equity share. The IPO will fetch Rs 510.15 crore at the upper end of the price band.

The IPO consists of Fresh Issue of up to 41.80 million Equity Shares and an Offer for Sale (“OFS”) of up to 11.90 million Equity Shares by the Promoter and Promoter Group Selling Shareholders.

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