Real estate company Sunstar Realty Development is all set to hit the capital market with a public issue of 53.10 lakh equity shares on February 18. Sunstar aims to raise Rs 10.62 crore through the issue, which will close on February 21. The issue price has been fixed at Rs 20 per share and the company will be listed on BSE-SME Exchange.
The company intends to use issue proceeds for financing the expenditure of work order awarded by Jain Infraprojects Limited; funding the development & construction related expenditures of planned projects; and brand building & general corporate purposes.
Guiness Corporate Advisors is the book running lead manager to the issue.
Currently, the company has two diversified planned projects at Gujarat. It also entered into an agreement with Triveni Infratech to acquire 2.51 acres of land at district Hooghly of West Bengal for forthcoming development.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: