Image Credits : Pixabay, Image used for illustrative purpose only.
1 minute read

Sanstar to Raise INR 425-500 Crore to Expand its Facility in Maharashtra

Sanstar Limited, Ahmedabad-based manufacturers of plant-based speciality products and ingredient solutions has filed draft papers with SEBI to raise Rs 425-500 crore through an initial public offering.

As per the draft, the funds will be used for the planned expansion of the company’s Dhule facility. The company has an installed capacity of 1,100 TPD through its two manufacturing facilities at Dhule in Maharashtra and Kutch in Gujarat. The total size of the IPO is up to 4.80 crore equity shares. According to the draft, the company may consider a pre-IPO placement of up to 40 lakh equity shares. If such placement is completed, the fresh issue size will be reduced.

Legal Disclaimer:
Papermart
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Petro (Chemicals)
    1 minute read

    ExxonMobil to invest $15 billion in…

    18 Jun. 2024 | Global Flow Control
  • Renewables
    1 minute read

    CIP enters into partnership with Atlas…

    18 Jun. 2024 | Global Flow Control
  • Hydrogen and Carbon Capture
    1 minute read

    Essar to set up green hydrogen…

    18 Jun. 2024 | Global Flow Control
  • Renewables
    1 minute read

    Gruner Renewable to build Asia’s largest…

    17 Jun. 2024 | Global Flow Control