Sanstar IPO Details
| IPO Size | 510.15 |
| Price Range | ₹90 - ₹95 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 150 |
| Investment (cut-off price) | ₹14250 |
| Pre IPO Promotor Holding | 99.77% |
| Post IPO Promotor Holding | 70.37% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Sanstar IPO Timelines
19/07/2024
Start Date23/07/2024
End Date25/07/2024
Refund Initiation25/07/2024
Credit of Shares to Demat Ac26/07/2024
Listing DateSanstar IPO Lot Size
| 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 Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 145.68 x | 136.49 x | 24.23 x | -- | 82.99 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹109 | ₹115.07 | ₹128.79 | ₹107.10 |
Sanstar IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹504.77 | ₹482.78 | ₹15.92 |
| FY 2023 | ₹1209.67 | ₹1154.28 | ₹41.81 |
| FY 2024 | ₹1081.68 | ₹991.96 | ₹66.77 |
About Company
Sanstar Limited is a producer of plant-based specialty products and ingredient solutions. It caters to food, animal nutrition, and various industrial sectors. The company’s product lineup includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, as well as native and modified maize starches. The company also produces co-products such as germs, gluten, fibre, and protein. Sanstar operates two manufacturing facilities. These are located in Dhule, Maharashtra, and Kutch, Gujarat.
The company has an in-house research and development (R&D) team that has made products like san-o-gel pre-gelatinised starch and san-o-mould for the oil & gas and food industries, respectively. Maize is the primary raw material for the company’s products, supplemented by various other consumables and chemicals used in their manufacturing processes.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1982 | FMCG | Gouthamchand Sohanlal Chowdhary |
Know Before Investing
Sanstar IPO Strengths
- Revenue CAGR of 57% (FY21-FY23) demonstrates exceptional growth.
- PAT CAGR of 71% (FY21-FY23) reflects strong profitability.
- Two major facilities with 3,63,000 tons annual capacity.
- Exported to 49 countries in H1 FY23, showing global reach.
- State-of-the-art automation at the Dhule facility boosts efficiency.
- SCADA and PLC systems minimise production costs and errors.
Sanstar IPO Risks
- Extensive industry experience of 30+ years in maize processing.
- Strong R&D capabilities driving innovative product development and improvement.
- Diversified product portfolio catering to various industries and applications.
- The strategic location of manufacturing facilities near major maize-growing regions.
- Robust distribution network ensuring timely delivery to domestic and international markets.
- Consistent revenue growth with ₹1,000+ million annual turnover.
- Established relationships with key suppliers and long-term customers.
Swot Analysis for Sanstar IPO
Strengths
Experienced promoters Established presence Optimum capacity utilization
Weaknesses
Concentrated business
Opportunities
Wide range of applications Increased demand for RTE category
Threats
Intense competition Pricing pressure Climate risk
Company Details
Sanstar Limited
Sanstar House, near Parimal Under Bridge,
Opp. Suvidha Shopping Centre, Paldi,
Ahmedabad – 380 007
Phone: +91 79 26651819
Email: [email protected]
Website: https://www.sanstar.in/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Sanstar IPO are:
- 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 and;
- General Corporate Purposes.