
Sanstar Limited
Mainboard₹14,250 / 150 Shares
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
NO REVIEWSanstar 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,250 |
| Retail (Max) | 14 | 2100 | ₹1,99,500 |
| S-HNI (Min) | 15 | 2250 | ₹2,13,750 |
| S-HNI (Max) | 70 | 10500 | ₹9,97,500 |
| B-HNI (Min) | 71 | 10650 | ₹10,11,750 |
Sanstar Limited IPO Timeline
Issue Price
₹90-95 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Pantomath Capital Advisors Pvt LtdIssue 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 Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 527.57 | 1081.68 | 66.77 | 215.91 | 225.18 | 127.64 |
| 31 Mar 23 | 368.35 | 1209.67 | 41.81 | 149.28 | 158.41 | 111.70 |
| 31 Mar 22 | 207.45 | 504.77 | 15.92 | 48.97 | 55.69 | 85.22 |
All values are in ₹ Cr.
Sanstar Limited IPO Valuations
EPS Pre IPO
₹4.75/-EPS Post IPO
₹3.66/-PE Pre IPO
19.98PE Post IPO
25.93ROE
30.92%ROCE
24.43%Debt Equity
0.50RoNW
30.92%PAT Margin
6.17Price to Book Value
6.18Promoters & Share Holding
Promoter(s) Name
- Gouthamchand Sohanlal Chowdhary
- Sambhav Gautam Chowdhary
- Shreyans Gautam Chowdhary
| Share Holding Pre Issue | Share 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.
Sanstar Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 10,740,000 | 8,055,000 5,370,000 2,685,000 | 18,795,000 | 37,590,094 |
Day 1 -19-07-24 05:00 PM | 0.05 x | 9.85 10.73 x 8.07 x | 4.07 x | 4.16 x |
Day 2 -22-07-24 05:00 PM | 1.29 x | 32.85 31.99 x 34.55 x | 12.15 x | 13.48 x |
Day 3 -23-07-24 05:00 PM | 145.68 x | 136.42 149.44 x 110.39 x | 24.10 x | 82.91 x |
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 007Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sanstar.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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.
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.
