High Subscription Interest
Investor interest in Sanstar IPO has been strong, as evidenced by the 13.48 times total subscriptions on Day 2 of the offering.
NII Leading the Way
Non-Institutional Investors (NII) have shown the highest level of interest in the IPO, indicating strong demand from this segment.
Strong Retail Participation
Strong participation from the retail investor segment also helped to explain the high subscription rate overall.
Strong Retail Participation
Strong participation from the retail investor segment also helped to explain the high subscription rate overall.
Revenue Growth
According to Nirmal Bang's analysis, Sanstar has experienced remarkable revenue growth in recent times, which highlights the company's growing market presence and operational scale.
Profitability
Sanstar has reported consistent profitability, with increasing profit margins that underscore the company's efficient cost management and market strategy.
Return Ratios
The company's return ratios, including Return on Equity (RoE) and Return on Net Worth (RoNW), are strong, reflecting effective use of shareholder funds and operational efficiency.
Analyst Recommendation
Nirmal Bang advises a "SUBSCRIBE" rating for the IPO, indicating confidence in the company's potential moving forward, based on Sanstar's financial performance and growth possibilities.
Strategic Growth
In order to position Sanstar for future growth and increased market competitiveness, the IPO proceeds are anticipated to be used for general corporate purposes, debt repayment, and the expansion of manufacturing capacities.