Ipo Opens On July 19 And Closes On July 23

Sanstar IPO to Raise Around 510.15 Crores

IPO Opens on July 19 and Closes on July 23

Price Band Set Between Rs. 90-95 Per Share

The initial public offering (IPO) of Sanstar Limited opened for subscription on Friday, July 19, 2024. The IPO will close on July 23, 2024. The company aims to raise around Rs. 510.15 crores through the IPO, which comprises a fresh issue of Rs. 397.10 crores and an offer for sale of up to 119,000,000 equity shares. The price band for the IPO has been set between Rs. 90 and Rs. 95 per share. The IPO will provide investors with an early investment opportunity in Sanstar Limited. The company is a leading provider of web hosting, cloud computing, and other IT services. Sanstar Limited has a strong track record of growth and profitability. The IPO proceeds will be used to fund the company's expansion plans. The allotment for the Sanstar IPO is expected to be finalized on July 29, 2024. The shares are expected to be listed on the BSE and NSE on August 5, 2024. Conclusion: The Sanstar IPO is an attractive investment opportunity for investors looking to gain exposure to the growing IT sector in India. The company has a strong track record of growth and profitability, and the IPO proceeds will be used to fund its expansion plans.