Sanstar Limited IPO day 2: GMP jumps after strong subscription ...
Sanstar Limited IPO GMP: Shares of the company are available at a premium of ₹46 in the grey market today, say market observers.
Read more at Livemint
Sanstar IPO gains momentum on Day 2. Check subscription, GMP ...
The company has fixed a price band of Rs 90-95 per share, where investors can bid for 150 shares in one lot. About 50% in the IPO is reserved for qualified ...
Read more at Economic Times
Sanstar IPO - 10 things to know with detail
Sanstar IPO: Sanstar is a leading manufacturer and exporter of printing and packaging materials in India. The company is planning to launch its Initial Public Offering (IPO) to raise funds for expansion and growth.
Issue Size: The Sanstar IPO will have an issue size of Rs. 100 crores, with a fresh issue of shares worth Rs. 50 crores and an offer for sale of shares worth Rs. 50 crores by existing shareholders.
Use of Funds: The proceeds from the IPO will be used for setting up a new manufacturing facility, expansion of existing facilities, and for general corporate purposes.
Business Overview: Sanstar is engaged in the manufacturing of a wide range of printing and packaging materials, including paper boards, folding cartons, labels, and corrugated boxes. The company caters to various industries such as FMCG, pharma, and retail.
Growth Prospects: Sanstar has a strong track record of growth and profitability, driven by its focus on quality, innovation, and customer satisfaction. The company has a diversified customer base and a strong presence in both domestic and international markets.
Competitive Landscape: Sanstar operates in a highly competitive industry, with several established players competing for market share. However, the company has been able to differentiate itself through its focus on quality and customer service.
Financial Performance: Sanstar has shown consistent growth in revenue and profits over the past few years. The company has a strong balance sheet and healthy cash flows, which bode well for its future growth prospects.
Management Team: Sanstar is led by an experienced management team with a proven track record in the printing and packaging industry. The team has a clear vision for the company and is focused on driving growth and profitability.
Industry Outlook: The printing and packaging industry in India is expected to grow at a steady pace, driven by increasing demand from sectors such as e-commerce, food and beverages, and pharmaceuticals. Sanstar is well-positioned to benefit from this growth trend.
IPO Details: The Sanstar IPO is expected to be launched in the coming months, subject to regulatory approvals. Investors can participate in the IPO through online and offline channels, and the shares will be listed on the stock exchanges for trading.