A total of four companies will be offering their shares to investors in the week. Out of which, one company will offer in the mainboard segment while the remaining three in the SME segment.
Mainboard IPO
Sanstar
The company will collect Rs 510.15 crore through a combination of fresh issue as well as an offer for sale. The company will be offering 41.8 million fresh shares and 11.9 million shares of promoter group and other selling shareholders. Sanstar will open the bidding on July 19 and close it on July 23. It kept the IPO price band in a range of Rs 90 to Rs 95 per equity share. A retail buyer will have to apply for a minimum of 150 shares equating to Rs 14,250. Pantomath Capital Advisors is working as the book-running lead manager of the Sanstar, while Link Intime India as the registrar for the issue.
SME IPOs
Tunwal E-Motors
The IPO opening on July 15 is a fixed price issue of Rs 115.64 crore. The c…