Sanstar IPO Date, Review, Price, Allotment Details

Sanstar is one of the major manufacturers of plant-based specialty products and ingredient solutions in India for food, animal nutrition, and other industrial applications (Source: Company Commissioned Frost & Sullivan Report, dated December 30, 2023). Their products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and co-products like germs, gluten, fiber, and enriched protein, amongst others. Their speciality products and ingredients solutions add taste, texture, nutrients, and increased functionality to (i) foods as ingredients, thickening agents, stabilizers, sweeteners, emulsifiers, and additives (in bakery products, confectionery, pastas, soups, ketchups, sauces, creams, deserts, amongst others), (ii) animal nutrition products as nutritional ingredients, and (iii) other industrial products as disintegrants, excipients, supplements, coating agents, binders, smoothing & flattering agents, finishing agents, among others.

As per Frost & Sullivan (Company Commissioned Report, dated December 30, 2023), with an installed capacity of 3,63,000 tons per annum (1,100 tons per day), they are the third largest manufacturer of maize-based speciality products and ingredient solutions in India. They believe that our leading position in the industry, technical knowledge to bring specific functionality and nutrition to end products, more than five decades of presence, state-of-the-art manufacturing facilities, diverse product portfolio, and clientele in domestic and global markets, provide us with a competitive advantage.

Objects of the Issue

• Funding the capital expenditure requirement for expansion of our Dhule Facility
• Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company
• General corporate purposes

Sanstar IPO Review (Apply or Not)

• May Apply

Sanstar IPO Date & Price Band Details

Sanstar IPO Market Lot

The Sanstar IPO minimum market lot is 150 shares with ₹14250 application amount. The retail investors can apply up-to 14 lots with 2100 shares or ₹199,500 amount.

Sanstar IPO Allotment & Listing Dates

The Sanstar IPO date is July 19 and the close date is July 23. The Sanstar IPO allotment will be finalized on July 24 and the IPO listing on July 26.

You can check IPO subscription status and IPO allotment status on their respective pages.

Sanstar IPO Form

How to apply for the Sanstar IPO? You can apply for Sanstar IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sanstar IPO in the Invest section. The other option is you can apply for Sanstar IPO via IPO forms downloaded via NSE and BSE. Check out the Sanstar forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Sanstar Company Financial Report

Sanstar IPO Valuation – FY2024

Check Sanstar IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Gujarat Ambuja Exports Limited
• Gulshan Polyols Limited
• Sukhjit Starch and Chemicals Limited

Company Promoters

• Gouthamchand Sohanlal Chowdhary
• Sambhav Gautam Chowdhary
• Shreyans Gautam Chowdhary

Sanstar IPO Registrar

Link Intime India Private Ltd
Phone: +91 8108114949
Email: sanstar.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Sanstar IPO Allotment Status Check

Check Sanstar IPO allotment status on Linkintime website allotment URL. Click Here

Sanstar IPO Lead Managers aka Merchant Bankers

• Pantomath Capital Advisors Private Limited

Company Address

Sanstar Limited
Sanstar House, near Parimal Under Bridge,
Opposite Suvidha Shopping Centre, Paldi, Ahmedabad
380 007, Gujarat, India
Phone: +91 79 26651819
Email: cs@sanstar.in
Website: www.sanstar.in

Sanstar IPO FAQs