Sanstar Limited

Sanstar Limited

Mainboard

₹14,250 / 150 Shares

Offer Date:Jul 19, 2024 - Jul 23, 2024
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Sanstar Limited IPO Details

The Sanstar Limited IPO price band is set between ₹90-95 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 19 Jul, 2024 and closes on 23 Jul, 2024. Investors can check the allotment status on 24 Jul, 2024, while the listing date is tentatively scheduled for 26 Jul, 2024.

The total issue size is Total ₹510.15 Cr :#Fresh Issue : 41,800,000 shares, aggregating up to ₹397.10 Cr. Stay tuned for the latest Sanstar Limited IPO review and GMP updates.

Sanstar Limited IPO Review, Rating & Analysis

Sanstar Limited IPO Review

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Sanstar Limited IPO Rating

Sanstar Limited IPO Highlights

IPO Date

Jul 19, 2024 - Jul 23, 2024

Listing Date

26 Jul, 2024

Face Value

₹2 Per Equity Share

Price Band

₹90-95 per equity share

Lot Size

150 Shares

Fresh Issue

41,800,000 Shares

Offer for Sale

11,900,000 shares of ₹2

Listing At

BSE, NSE

Sanstar Limited IPO Lot Size

The minimum market lot for Sanstar Limited IPO is 150 shares with an application amount of ₹14,250. Retail investors can apply for up to 14 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)1150₹14,250
Retail (Max)142100₹1,99,500
S-HNI (Min)152250₹2,13,750
S-HNI (Max)7010500₹9,97,500
B-HNI (Min)7110650₹10,11,750

Sanstar Limited IPO Timeline

IPO Open Date
19 Jul, 2024
IPO Close Date
23 Jul, 2024
Basis of Allotment
24 Jul, 2024
Listing Date
26 Jul, 2024

Issue Price

₹90-95 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Lead Manager

Pantomath Capital Advisors Pvt Ltd

Issue Size

Total ₹510.15 Cr :
#Fresh Issue : 41,800,000 shares(aggregating up to ₹397.10 Cr) +
#OFS : 11,900,000 shares of ₹2(aggregating up to ₹113.05 Cr)

Sanstar Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 24527.571081.6866.77215.91225.18127.64
31 Mar 23368.351209.6741.81149.28158.41111.70
31 Mar 22207.45504.7715.9248.9755.6985.22

All values are in ₹ Cr.

Sanstar Limited IPO Valuations

EPS Pre IPO

₹4.75/-

EPS Post IPO

₹3.66/-

PE Pre IPO

19.98

PE Post IPO

25.93

ROE

30.92%

ROCE

24.43%

Debt Equity

0.50

RoNW

30.92%

PAT Margin

6.17

Price to Book Value

6.18

Promoters & Share Holding

Promoter(s) Name

  • Gouthamchand Sohanlal Chowdhary
  • Sambhav Gautam Chowdhary
  • Shreyans Gautam Chowdhary
Share Holding Pre IssueShare Holding Post Issue
99.77%70.37%

About Company

Sanstar Limited manufactures specialty plant-based products and ingredient solutions for food, pet food and other industrial applications in India.

The company's product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and by-products such as germ, gluten, fiber and fortified proteins.

These products are used in:
Food products: as ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives (including in baked goods, confectionery, pasta, soups, ketchup, sauces, creams and desserts);
Pet food products: as nutritional ingredients
Other industrial products: as disintegrants, excipients, supplements, coating agents, binders, smoothing and flattering agents, and refining agents.

The company has two manufacturing facilities covering a total area of 10.68 million square feet (approx 245 acres) at Dhule in the state of Maharashtra and Kutch in the state of Gujarat. With an installed capacity of 3,63,000 tons per annum (1,100 tons per day), the company is the fifth largest manufacturer of corn-based specialty products and ingredients in India.

The company exports its products to companies in 49 countries including Asia, Africa, the Middle East, America, Europe and Oceania. The company also has a pan-India presence where its products are sold in 22 states.As of March 31,2024, the company employed 271 people (including 60 permanent employees) at its plants in Kutch and Dhule and at its headquarters.

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Sanstar Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved10,740,000
8,055,000

5,370,000    2,685,000
18,795,00037,590,094
Day 1 -19-07-24 05:00 PM
0.05 x
9.85

10.73 x   8.07 x
4.07 x4.16 x
Day 2 -22-07-24 05:00 PM
1.29 x
32.85

31.99 x   34.55 x
12.15 x13.48 x
Day 3 -23-07-24 05:00 PM
145.68 x
136.42

149.44 x   110.39 x
24.10 x82.91 x
Total No. of Applications:27,62,240 (Approx)
Retail Subscription:

Retail:20.57x

BHNI:30.17x

SHNI:105.85x times

Company Contact Details

Sanstar Limited

Sanstar House, near Parimal Under Bridge, Opp. Suvidha Shopping Centre, Paldi, Ahmedabad – 380 007

Phone: +91 79 26651819

Email: cs@sanstar.in

Website: https://www.sanstar.in/

Registrar Contact Details

Link Intime India Private Ltd

Frequently Asked Questions about Sanstar Limited IPO

When will Sanstar Limited IPO open for subscription?

The Sanstar Limited IPO opens on 19 Jul, 2024 and closes on 23 Jul, 2024.

What is the investors portion for Sanstar Limited IPO?

The investors' portion for QIB is 145.68 x, NII is 149.44 x, and Retail is 24.10 x.

How to apply for Sanstar Limited IPO?

You can apply for Sanstar Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Sanstar Limited IPO?

The issue size of Sanstar Limited IPO is approx ₹Total ₹510.15 Cr :#Fresh Issue : 41,800,000 shares(aggregating up to ₹397.10 Cr) +#OFS : 11,900,000 shares of ₹2(aggregating up to ₹113.05 Cr) crores.

What is the price band of Sanstar Limited IPO?

The price band for Sanstar Limited IPO is ₹90 to ₹95 per equity share.

What is the lot size of Sanstar Limited IPO?

The minimum bid (lot size) for Sanstar Limited IPO is N/A shares with an investment of approx ₹14,250 .

What is the allotment date of Sanstar Limited IPO?

The allotment date for Sanstar Limited IPO is 24 Jul, 2024.

What is the listing date of Sanstar Limited IPO?

The listing date for Sanstar Limited IPO is expected to be 26 Jul, 2024.

What is the GMP of Sanstar Limited IPO?

The latest Grey Market Premium (GMP) for Sanstar Limited IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Sanstar Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK