look news india
New Delhi, 07 May (Hindustan Reporter) Sanstar Limited, a plant-based special products and material solutions company based in Ahmedabad, Gujarat, will soon launch its initial public offering (IPO) in the domestic stock market. The company has received approval for this from the market regulator Securities and Exchange Board of India (SEBI).
SanStar said on Tuesday that SEBI has given approval to launch IPO in the stock market on April 30. Earlier this year, the company had presented the draft red herring prospectus (DRHP), the document related to the IPO, to market regulator SEBI on January 1, 2024.
Sanstar is an Ahmedabad based company manufacturing plant based special products and material solutions. This company manufactures plan based special products for food, animal nutrition and industrial use in India. Its products are exported to more than 45 countries including Asia, America, Europe and Oceania, and the Middle East, Africa. SanStar has an installed capacity of 1,100 tonnes per day through its two manufacturing facilities located at Dhule in Maharashtra and Kutch in Gujarat. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).