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
IPO Open: | July 19, 2024 |
IPO Close: | July 23, 2024 |
IPO Size: | Approx ₹510.15 Crores, 53,700,000 Equity Share |
Fresh Issue: | Approx ₹397.10 Crores, 41,800,000 Equity Share |
Offer for Sale: | Approx ₹113.05 Crores, 11,900,000 Equity Share |
Face Value: | ₹2 Per Equity Share |
IPO Price Band: | ₹90 to ₹95 Per Share |
IPO Listing on: | BSE & NSE |
Retail Quota: | 35% |
QIB Quota: | 50% |
NII Quota: | 15% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 150 | ₹14250 |
Retail Maximum | 14 | 2100 | ₹199,500 |
S-HNI Minimum | 15 | 2250 | ₹213,750 |
B-HNI Minimum | 71 | 10650 | ₹1,011,750 |
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.
IPO Open Date: | July 19, 2024 |
IPO Close Date: | July 23, 2024 |
Basis of Allotment: | July 24, 2024 |
Refunds: | July 25, 2024 |
Credit to Demat Account: | July 25, 2024 |
IPO Listing Date: | July 26, 2024 |
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
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2022 | ₹504.77 | ₹482.78 | ₹15.92 |
2023 | ₹1209.67 | ₹1154.28 | ₹41.81 |
2024 | ₹1081.68 | ₹991.96 | ₹66.77 |
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.
Earning Per Share (EPS): | ₹4.75 per Equity Share |
Price/Earning P/E Ratio: | 18.95 |
Return on Net Worth (RoNW): | 30.92% |
Net Asset Value (NAV): | ₹15.37 per Equity Share |
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
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Note: The Sanstar IPO price band and date are officially announced yet. The IPO grey market premium (Sanstar IPO Premium) will be added to the IPO grey market page as it will start).