Sanstar IPO Details: The Sanstar IPO is set to open on July 19, 2024, and will close on July 23, 2024. The company aims to raise approximately ₹510.15 crores through this offering, which includes a fresh issue of ₹397.10 crores and an offer for sale of up to 11,900,000 equity shares, each priced at ₹2. The IPO allocation is distributed as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI).
Sanstar is a leading manufacturer of plant-based specialty products and ingredient solutions in India, catering to the food, animal nutrition, and industrial sectors (Source: Company Commissioned Frost & Sullivan Report, dated December 30, 2023). Their product range includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and co-products such as germs, gluten, fiber, and enriched protein. These specialty products and ingredients enhance taste, texture, nutrients, and functionality in various applications, including food ingredients, thickening agents, stabilizers, sweeteners, emulsifiers, and additives (used in bakery products, confectionery, pastas, soups, ketchups, sauces, creams, desserts, etc.), nutritional ingredients for animal nutrition, and industrial products like disintegrants, excipients, supplements, coating agents, binders, smoothing and flattening agents, and finishing agents.
According to Frost & Sullivan (Company Commissioned Report, dated December 30, 2023), Sanstar is the third-largest manufacturer of maize-based specialty products and ingredient solutions in India, with an installed capacity of 3,63,000 tons per annum (1,100 tons per day). The company attributes its competitive advantage to its leading industry position, technical expertise, over five decades of experience, state-of-the-art manufacturing facilities, diverse product portfolio, and a wide client base in both domestic and global markets.
Sanstar IPO Objectives:
The Net Proceeds of the Fresh Issue, i.e., Gross Proceeds of the Fresh Issue less the offer expenses apportioned to the Company are proposed to be utilized in the following manner:
- Funding the capital expenditure requirement for the expansion of the Dhule Facility;
- Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company, and;
- General Corporate Purposes.
Sanstar IPO Review (Apply or Not)
- Update Soon
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 Lot Size:
The minimum market lot for the Sanstar IPO is set at 150 shares, requiring an application amount of ₹14,250. Retail investors have the option to apply for up to 14 lots, which equates to 2,100 shares or an investment of ₹199,500.
| 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 Timeline:
The Sanstar IPO will open on July 19 and close on July 23. The allotment of shares will be finalized on July 24, with the IPO listing scheduled for 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 |
Sanstar IPO GMP Today:
GMP for Sanstar IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
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
Sanstar IPO FAQs
- What are the dates for the Sanstar IPO?
- The Sanstar IPO will open on July 19, 2024, and close on July 23, 2024.
- What is the purpose of the Sanstar IPO?
- The IPO aims to raise approximately ₹510.15 crores, which includes a fresh issue of ₹397.10 crores and an offer for sale of up to 11,900,000 equity shares.
- What is the price range for the Sanstar IPO?
- The price range has not been specified in the provided information. Please refer to the official prospectus or your financial advisor for the exact price range.
- What is the minimum market lot for the Sanstar IPO?
- The minimum market lot is 150 shares, requiring an application amount of ₹14,250.
- How many lots can retail investors apply for in the Sanstar IPO?
- Retail investors can apply for up to 14 lots, equating to 2,100 shares or an investment of ₹199,500.
- What are the allocation percentages for different investor categories?
- The IPO allocation is distributed as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI).
- What are the key dates related to the Sanstar IPO allotment and listing?
- The allotment of shares will be finalized on July 24, 2024, and the IPO will be listed on the stock exchange on July 26, 2024.
- What type of products does Sanstar manufacture?
- Sanstar is a major manufacturer of plant-based specialty products and ingredient solutions, including liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and co-products such as germs, gluten, fiber, and enriched protein.
- In which sectors are Sanstar’s products used?
- Sanstar’s products are used in the food industry (as ingredients, thickening agents, stabilizers, sweeteners, emulsifiers, and additives), animal nutrition (as nutritional ingredients), and various industrial applications (as disintegrants, excipients, supplements, coating agents, binders, smoothing and flattening agents, and finishing agents).
- What is Sanstar’s market position in India?
- According to a Frost & Sullivan report dated December 30, 2023, Sanstar is the third-largest manufacturer of maize-based specialty products and ingredient solutions in India, with an installed capacity of 3,63,000 tons per annum (1,100 tons per day).
- What are Sanstar’s competitive advantages?
- Sanstar’s competitive advantages include its leading industry position, technical expertise, over five decades of experience, state-of-the-art manufacturing facilities, diverse product portfolio, and a broad client base in both domestic and global markets.
