The Sanstar IPO commenced on July 19, 2024, and concluded on July 23, 2024. The allotment of shares took place on July 24, 2024, and the initiation of refunds began on July 25, 2024. The shares were credited to the demat accounts of investors on July 25, 2024. Finally, the listing of Sanstar on the stock exchange occurred on July 26, 2024.
The Sanstar IPO was priced at ₹90 to ₹95 per share, with a lot size of 150 shares. 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). The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Sanstar IPO Basic Details
| Company Name | Sanstar Limited |
| Sanstar IPO GMP Today | ₹41 |
| Sanstar IPO Listing Gain | 43.68% |
| Sanstar IPO Open Date | July 19, 2024 |
| Sanstar IPO Close Date | July 23, 2024 |
| Sanstar IPO Allotment Date | July 24, 2024 |
| Sanstar IPO Listing Date | 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 |
Sanstar IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹41 | 43.68% | – | – |
| 16 July 2024 | ₹41 | 43.68% | – | – |
Sanstar IPO Details:
Sanstar Limited, founded in 1982, produces specialty plant-based products and ingredient solutions for various industries in India.
Product Portfolio
Sanstar Limited’s product lineup includes:
- Liquid Glucose
- Dried Glucose Solids
- Maltodextrin Powder
- Dextrose Monohydrate
- Native Maize Starches
- Modified Maize Starches
- By-products: Germ, Gluten, Fiber, Fortified Proteins
Applications
- Food Products: Used as ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives in baked goods, confectionery, pasta, soups, ketchup, sauces, creams, and desserts.
- Pet Food: Act as nutritional ingredients.
- Industrial Products: Serve as disintegrants, excipients, supplements, coating agents, binders, smoothing agents, and refining agents.
Manufacturing Facilities
Sanstar Limited operates two manufacturing plants:
- Dhule, Maharashtra
- Kutch, Gujarat
These facilities cover a combined area of 10.68 million square feet (approximately 245 acres) and have an installed capacity of 3,63,000 tons per annum (1,100 tons per day).
Market Presence
- Export: Sanstar Limited exports to 49 countries across Asia, Africa, the Middle East, America, Europe, and Oceania.
- Domestic: The company has a strong presence in 22 states across India.
Workforce
As of March 31, 2024, Sanstar Limited employs 271 people, including 60 permanent employees, at its plants and headquarters.
Sanstar IPO More Details Click Here
Sanstar IPO FAQs
When is Sanstar IPO open?
Sanstar IPO will open on 19 July 2024.
When is Sanstar IPO Close?
Sanstar IPO will be closed on 23 July 2024.
What is Sanstar IPO GMP Today?
The Sanstar IPO GMP aka Grey Market Premium is ₹41.
What is Sanstar IPO Kostak Rates Today?
The Sanstar IPO Kostak Rate is ₹000.
What is Sanstar IPO Subject to Sauda Price Today?
The Sanstar IPO subject to sauda rates is ₹000.
Sanstar IPO Expected Returns?
The Sanstar expected return is 43.68%.
How much will be the listing gain in Sanstar IPO?
Sanstar IPO will get listing gain of 43.68%. (Approx.)
