Sanstar IPO Details ( Sanstar Limited IPO Review )
(19 July 2024 – 23 July 2024)
Sanstar Limited, founded in 1982, specializes in manufacturing specialty plant-based products and ingredient solutions for food, pet food, and various industrial applications in India.
Their product lineup includes:
- Food Products: Ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives used in baked goods, confectionery, pasta, soups, ketchup, sauces, creams, and desserts.
- Pet Food Products: Nutritional ingredients.
- Industrial Products: Disintegrants, excipients, supplements, coating agents, binders, smoothing and flattering agents, and refining agents.
Sanstar Limited operates two manufacturing facilities spanning 10.68 million square feet (about 245 acres) in Dhule, Maharashtra, and Kutch, Gujarat. With a capacity of 3,63,000 tons per year (1,100 tons per day), it is the fifth largest corn-based specialty products manufacturer in India.
The company exports to 49 countries, including regions in Asia, Africa, the Middle East, America, Europe, and Oceania, and maintains a presence in 22 states across India.
As of March 31, 2024, Sanstar Limited employs 271 people, including 60 permanent employees, across its plants in Kutch and Dhule and its headquarters.
Sanstar IPO Financials Performance ( Results )
Sanstar Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-22 | 207.45 | 504.77 | 15.92 | 48.97 | 55.69 | 85.22 |
| 31-Mar-23 | 368.35 | 1,209.67 | 41.81 | 149.28 | 158.41 | 111.70 |
| 31-Mar-24 | 527.57 | 1,081.68 | 66.77 | 215.91 | 225.18 | 127.64 |
Objective of Sanstar IPO Issue
- 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 Basic Details
| IPO Date | July 19, 2024 to July 23, 2024 |
| Listing Date | Friday, July 26, 2024 |
| Face Value | ₹10 per share |
| Price | ₹90 to ₹95 per share |
| Lot Size | 150 shares |
| Issue Size | 53,700,000 shares of ₹2 (aggregating up to ₹510.15 Cr) |
| Fresh Issue | 41,800,000 shares of ₹2 (aggregating up to ₹397.10 Cr) |
| Offer for Sale | 11,900,000 shares of ₹2 (aggregating up to ₹113.05 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 140,444,250 |
| Share holding post issue | 182,244,250 |
| Company Promoters | Gouthamchand Sohanlal Chowdhary, Sambhav Gautam Chowdhary, and Shreyans Gautam Chowdhary |
Sanstar IPO Reservation
| QIB Shares Offered | 50.00% of the Net Issue |
| NII (HNI) Shares Offered | 15.00% of the Net Issue |
| Retail Shares Offered | 35.00% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Sanstar IPO Timetable
Sanstar IPO will open on July 19, 2024 and close on July 23, 2024. You can join Sanstar IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 19 July 2024 (Friday) |
| Closing Date | 23 July 2024 (Tuesday) |
| Basis of Allotment | 24 July 2024 (Wednesday) |
| Initiation of Refunds | 25 July 2024 (Thursday) |
| Credit of Shares to Demat | 25 July 2024 (Thursday) |
| Listing Date | 26 July 2024 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 23 July 2024 |
Sanstar IPO Lot Size
For retail investors in Sanstar IPO, 150 shares will come in 1 lot or the minimum investment will be ₹14,250. Retail-individual investors can apply for up to 14 lots or the maximum investment will be ₹199,500.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 150 | ₹14,250 |
| Retail (Max) | 14 | 2100 | ₹199,500 |
| S-HNI (Min) | 15 | 2,250 | ₹213,750 |
| S-HNI (Max) | 70 | 10,500 | ₹997,500 |
| B-HNI (Min) | 71 | 10,650 | ₹1,011,750 |
Sanstar IPO Promoter Holding
The company’s promoters include Gouthamchand Sohanlal Chowdhary, Sambhav Gautam Chowdhary, and Shreyans Gautam Chowdhary.
| Pre Issue Share Holding | 99.77% |
| Post Issue Share Holding | 70.37% |
Sanstar Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 1731.32 |
| Earning Per Share (EPS) | ₹4.75 per Equity Share |
| Net Asset Value (NAV) | ₹15.37 per Equity Share |
| P/E Ratio (P/E) (x) | 19.98 |
| Post P/E Ratio (P/E) (x) | 25.93 |
| Return on Net Worth (RoNW) (%) | 30.92 |
| Return on equity (ROE) (%) | 30.92 |
| Return on Capital Employed (ROCE) (%) | 24.43 |
| Debt/Equity Ratio | 0.50 |
| Price/Book Value Ratio | 6.18 |
Sanstar IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹41 | – | – |
| 16 July 2024 | ₹41 | – | – |
Sanstar IPO Detail Video:
Sanstar IPO Subscription Status (Bidding Detail)
The Sanstar IPO on July 23, 2024 at 6:19:08 PM was subscribed 82.99 times, with the retail category being subscribed 24.23 times, the NII (Non-Institutional Investor) category being subscribed 136.49 times, QIB (Qualified-Institutional Buyers) category being subscribed 145.68 times.
| Category | Subscription |
| QIB | 145.68x |
| NII | 136.49x |
| Retail | 24.23x |
| Total | 82.99x |
Sanstar IPO Prospectus
Sanstar IPO Rating
| Our Rating | 3.5/5.0 |
Sanstar Company Contact Information
Sanstar Limited
Registered Office: Sanstar House, near Parimal Under Bridge, opposite Suvidha Shopping Centre, Paldi, Ahmedabad – 380 007, Gujarat, India.
Telephone: +91 79 26651819
Contact Person: Fagun Harsh Shah, Company Secretary and Compliance Officer
Email: cs@sanstar.in
Website: https://www.sanstar.in/
Corporate Identity Number: U15400GJ1982PLC072555
Our Promoters: Gouthamchand Sohanlal Chowdhary, Sambhav Gautam Chowdhary and Shreyans Gautam Chowdhary.
Sanstar IPO Registrar
Linkintime India Private Limited
Registered Office: C-101, 247 Park, 1st Floor, L.B.S. Marg, Vikhroli West, Mumbai – 400 083, Maharashtra, India.
Telephone: +91 8108114949
Email and Investor Grievance Id: sanstar.ipo@linkintime.co.in
Website: www.linkintime.com
Contact Person: Shanti Gopalkrishnan
SEBI Registration No: INR000004058
Sanstar IPO Lead Manager
Pantomath Capital Advisors Private Limited
Registered Office: Pantomath Nucleus House, Saki Vihar Road, Andheri East, Mumbai – 400 072, Maharashtra, India.
Telephone: 18008898711
Email: sanstar.ipo@pantomathgroup.com
Investor Grievance Id: investors@pantomathgroup.com
Website: www.pantomathgroup.com
Contact Person: Ritu Agarwal/ Kaushal Patwa
SEBI Registration No: INM0000112110
Sanstar IPO FAQs
What is the lot size of Sanstar IPO?
The total size of Sanstar IPO is ₹510.15 crores out of which ₹397.10 crores is fresh issue and ₹113.05 crores is offer for sale (OFS).
When will Sanstar IPO start?
Sanstar IPO will open from 19 July 2024 and IPO will close on 23 July 2024.
What is the open date of Sanstar IPO?
Sanstar IPO will open date from 19 July 2024.
What is the last date ( close date ) of Sanstar IPO?
Sanstar IPO will close from 23 July 2024.
What is the price band of Sanstar IPO?
Sanstar IPO price band is ₹90 to ₹95. ( Upper Price Band: ₹95, Lower Price Band: ₹90 )
What is the minimum amount required to apply for Sanstar IPO?
The minimum investment for retailers to apply for Sanstar IPO is ₹14,250 and the maximum investment is ₹199,500.
What is going on gray market premium of Sanstar IPO?
View gray market premium of Sanstar IPO by Clicking Here
How much is the GMP of Sanstar IPO?
Watch Sanstar IPO GMP Today: Click Here
What is the allotment date of Sanstar IPO?
The allotment date of Sanstar IPO is 24 July 2024.
How to check allotment status in Sanstar IPO?
To check the allotment status of Sanstar IPO, first of all go to the registrar website by clicking here, select your bad Sanstar IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sanstar IPO?
The listing date of Sanstar IPO is 26 July 2024.
How much will be the listing gain in Sanstar IPO?
View listing gain of Sanstar IPO by Clicking Here
How much time Sanstar IPO is subscribed?
Total 82.99 times subscribed in Sanstar IPO out of which 24.23 times subscription was done in retail quota, 136.49 times subscription in NII quota and 145.68 times subscription in QIB quota.
How to apply for Sanstar IPO from Upstox?
Click Here to see how to apply for Sanstar IPO from Upstox. (step by step)
How to apply for Sanstar IPO from Zerodha?
Click Here to see how to apply for Sanstar IPO from Zerodha. (step by step)
How to apply for Sanstar IPO from Angle One?
Click Here to see how to apply for Sanstar IPO from Angle One. (step by step)
