Sanstar gets BSE/NSE nod for 1.8Cr share preferential issue to Corn Products

Fund Raising View source PDF Explain this filing

SANSTAR · price

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹114.95

prior close

₹115.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-2.7% vs market

Other Agricultural Products peers, median of 55sector+0.0%-1.6% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 1.6 pts less than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6+1.1-2.7+0.0-1.6

Next day

+0.2+1.6-1.4+0.0+0.2

+1.7+2.4-0.6+0.0+1.7

+8.3+3.3+5.0+0.0+8.3

+4.9+2.5+2.4-0.2+5.1

+10.2+2.4+7.8+0.0+10.2

+5.0+1.5+3.4-0.9+5.9

15d

-1.2+2.6-3.8-3.0+1.9

-6.2+2.2-8.4-5.0-1.2

-5.6+6.8-12.4-5.6+0.0

+0.2+5.9-5.7-5.5+5.7

UpDownMarket · Nifty Microcap 250Sector · Other Agricultural Products peers, median of 55Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sanstar Ltd has received in-principle approval from BSE and NSE for issuing 1,80,24,157 equity shares (face value Rs. 2) on a preferential basis to Corn Products Development Inc., a non-promoter. The issue price is Rs. 110 per share, including a premium of Rs. 108, for a total of approximately Rs. 198.27 crore. The company must now complete allotment and file a listing application within 20 days of allotment.

Likely market impact

Indicates potential equity dilution and a strategic investment from Corn Products Development Inc., a non-promoter entity, at a significant premium to face value.