Sanstar IPO Allotment Status

How to check Sanstar IPO Allotment Status 

How to check the IPO allotment status in this case? Since this is an NSE & BSE IPO, there is a facility to check on the exchange website and BSE, NSE offers allotment status for the mainboard IPOs and for BSE NSE IPOs. If you have applied for the IPO, you can check your allotment status directly on the website of the IPO registrar too, Link Intime India Private Ltd. Here are the steps that you need to follow to check allotment status.

Sanstar IPO Allotment Date, July 24, 2024

How to check Sanstar IPO Allotment Status on Link Intime India

Visit the Link Intime India Private Ltd 

https://www.linkintime.co.in/Initial_Offer/public-issues.html

There are three things to remember. Firstly, you can just click on the hyperlink given above and directly go to the allotment status checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there is also a way to access this page via the home page of Link Intime India Private by clicking on the “Allotment Status” link displayed prominently on the home page.It all works the same.

This dropdown will show the active IPOs and also the IPOs that are being managed by the registrar but not yet active. However, you can access the online allotment status only after the allotment status is finalized for Sanstar Limited. At that point, you can go and select the company Sanstar Limited from the drop-down box. The allotment status will be finalized on 24th July 2024, so in this case, you can access the details on the registrar website either late on 24th July 2024 or by the middle of 25th July 2024. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO of Sanstar Limited.

• Firstly, you can query for the application status based on your mapped Income Tax PAN number. Once you select PAN (permanent account number) radio button, enter your 10-digit PAN number, which is an alphanumeric code. The first 5 characters are alphabets, sixth to ninth characters are numerical while the last character is once again an alphabet. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Submit Button.

• Secondly, you can query for the application status based on your Application Number / CAF Number. Once you select Application Number (radio button) from the dropdown menu, enter your application number as it is given in the CAF acknowledgement given to you. Double check to ensure that you are entering the right application number. Once the application number is entered and verified, ensure to click the Submit Button to get the allotment status output.

• Thirdly, you can also search by Beneficiary ID of your demat account. You have to then enter the combination of the DP id and the Client id as one single string. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. Just enter the combination of DP id and customer id as it is. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Submit Button in both cases.

You can follow any of the options above. The IPO status with number of shares of Sanstar Limited allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 25th July 2024 or after that. These shares would be credited to your demat account. 
It must be noted here that, in the past, Link Intime India Private Ltd (the registrar to the issue) had briefly discontinued offering the allotment status based on application number / CAF number. That has now been commenced again and applicants in the IPO can now also query by application number / CAF; apart from the PAN number and the Demat account details. The investor can choose the facility that is most convenient to them.

In case you have any issues with the output or any complaint, you can reach out to Link Intime India Private Ltd (registrars to the issue) by email of phone. You can send an email with your complaint details to ipo.helpdesk@linkintime.co.in  or you can also call +91-22-4918 6270 and explain the issue after appropriately authenticating yourself.

How allocation quota and subscription impact the basis of allotment

Here is a quick look at how the allocation was made across different categories of investors. This is the first factor that impacts the investor’s chances of allotment in the IPO.

Data Source: Company RHP

A total of 53,700,000 shares are being offered, distributed among anchor investors, qualified institutional buyers, non-institutional investors, and retail investors, with a significant portion allocated to retail investors. 

Sanstar IPO Subscription Status

The Sanstar IPO received a strong response, being oversubscribed by 82.99 times. Qualified Institutional Buyers (QIB) subscribed 145.68 times for 10,740,000 shares, while Non-Institutional Investors (NII) subscribed 136.49 times for 8,055,000 shares. Within the NII category, bids above ₹10L were 149.44 times oversubscribed, and bids below ₹10L were 110.61 times oversubscribed. Retail investors showed significant interest, with a 24.23 times oversubscription for 18,795,000 shares. Overall, 37,590,000 shares were offered, receiving bids for 311,946,090 shares, totaling an amount of ₹29,634.88 crore. The IPO attracted 1,528,659 applications, reflecting high investor interest.The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 23th July 2024.
 

Data Source: NSE

The oversubscription numbers are exclusive of the market maker portion, which is intended to provide liquidity with low bid-ask spreads for the investors and it is also exclusive of the anchor allocation portion to give a proper picture of the extent of oversubscription of the public portion of the IPO. The subscription numbers are very strong, which would logically reduce chances of getting an allotment.

About Sanstar IPO

The Sanstar IPO is creating quite a buzz with its book-built issue valued at Rs 510.15 crores. This exciting offering comprises a fresh issue of 4.18 crore shares, totaling Rs 397.10 crores, and an offer for sale of 1.19 crore shares, amounting to Rs 113.05 crores.

Bidding for the Sanstar IPO opened on July 19, 2024, and closed on July 23, 2024. Investors are eagerly awaiting the allotment, which is expected to be finalized on Wednesday, July 24, 2024. The IPO is set to list on the BSE and NSE, with the tentative listing date slated for Friday, July 26, 2024.

Priced between ₹90 and ₹95 per share, the IPO has generated significant interest. Retail investors can jump in with a minimum lot size of 150 shares, requiring an investment of ₹14,250. For those in the sNII category, the minimum investment is 15 lots (2,250 shares), amounting to ₹213,750. Meanwhile, bNII investors need to commit to 71 lots (10,650 shares), totaling ₹1,011,750. Pantomath Capital Advisors Pvt Ltd is steering the ship as the book running lead manager, with Link Intime India Private Ltd handling the registrar duties.