The Sanstar IPO, a much-anticipated offering in the specialty plant-based product space, is firing on all cylinders on its second day. As of July 22nd, 2024, the issue has garnered subscriptions exceeding 13.47 times the total shares on offer. This surge is primarily fueled by enthusiastic participation from retail investors and non-institutional investors (NIIs).
Breaking Down the Numbers: Sanstar IPO Day 2
- Subscription Frenzy: The overall subscription for the Sanstar IPO has crossed an impressive 13.47 times. This indicates strong investor interest in the company’s prospects.
- Retail and NII Lead the Charge: The category reserved for NIIs witnessed the most significant demand, with subscriptions exceeding 32 times the available shares. Retail investors weren’t far behind, with a subscription rate of 12 times. However, the qualified institutional buyer (QIB) portion currently lags at a 1.29 times subscription.
- Price and Lot Size: The price band for Sanstar shares is set between Rs 90 and Rs 95 per share. Investors can bid for a minimum of 150 shares (one lot) and multiples thereof.
- Bidding Window Nears Closure: The bidding process closes tomorrow, July 23rd. This is your last chance to submit your bid if you’re considering investing in Sanstar.
Possible Reasons for the Positive Response: Sanstar IPO Day 2
Several factors might be contributing to the strong demand for the Sanstar IPO:
- Riding the Plant-Based Wave: The Indian plant-based food market is experiencing tremendous growth, and Sanstar‘s core business aligns perfectly with this burgeoning trend. With a growing focus on healthy and sustainable food options, Sanstar’s products could be well-positioned to capture a significant market share.
- Financial Performance and Future Potential: Investors might be impressed by Sanstar’s financial performance and future growth prospects. A careful review of the company’s financials and business plan could shed light on its potential for profitability and long-term success.
Investment Decision – Do Your Due Diligence
It’s crucial to remember that this blog post is intended for informational purposes only and shouldn’t be construed as financial advice. Before making any investment decisions, thoroughly assess your risk tolerance and investment goals. Conduct in-depth research on Sanstar, including a comprehensive review of the IPO prospectus and relevant news articles. This will equip you with the knowledge to make an informed decision about whether or not to invest in the company.
Don’t Miss the Deadline
The Sanstar IPO bidding window closes tomorrow. If you’re seriously considering investing in this specialty plant-based player, ensure you submit your bids before the deadline on July 23rd. By staying informed and conducting proper research, you can make a well-considered decision about participating in this potentially exciting IPO.
I’m Pradeep Ahalawat, the founder and chief writer of this blog. (Holding the degree of M.Sc. IT with more than 15 years of expereince in IT sector) With a passion for storytelling and a keen interest in current affairs, I started this platform to share my perspectives.