Sanstar Ltd - IPO

Sanstar Ltd IPO Details

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.

Objective of issue

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. General corporate purposes.

Sanstar Ltd Contact Details

Sanstar Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@sanstar.in

Website - www.sanstar.in