The plant based product company Sanstar IPO will be hit the market on July 19, 2024 and closes on July 23, 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹510.15 crore through IPO. The company will issue fresh shares of ₹397.10 crores through this IPO and will issue shares through offer for sale of ₹113.05 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Sanstar Limited manufactures specialty plant-based products and ingredient solutions for food, pet food, and other industrial applications in India. The company 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. You can check Sanstar IPO GMP here.
The company’s specialty 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, pasta, soups, ketchup, 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.
| Read also: Upcoming IPO List 2024 |
The company has two manufacturing facilities covering a total area of 10.68 million square feet (approx 245 acres) at Dhule in the state of Maharashtra and Kutch in the state of Gujarat. With an installed capacity of 3,63,000 tons per annum (1,100 tons per day), the company is the fifth largest manufacturer of corn-based specialty products and ingredients in India. You can check the Sanstar IPO Allotment Status here.
The company exports its products to companies in 49 countries including Asia, Africa, the Middle East, America, Europe, and Oceania. The company also has a pan-India presence where its products are sold in 22 states. You can check the Sanstar IPO subscription status here.
Object Of the Issue :
- Funding the capital expenditure requirement for the expansion of our Dhule Facility.
- Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company.
- General Corporate Purposes.
Company Strengths :
- One of the largest manufacturers of maize-based specialty products and ingredient solutions in India with a diverse product portfolio.
- Specialty products and ingredients solutions player catering to diverse industry segments and poised to benefit; from mega industrial trends.
- Our strategically located, sustainability-driven, state-of-the-art manufacturing facilities.
- Global presence in a market with high entry barriers.
- Strong financial growth along with robust performance metrics.
- Two Generations of Promoters with domain knowledge.
- Well positioned to leverage the large opportunities in the specialty products and ingredient solutions industry.
- Large, diversified customer base with long-lasting relationships.
Sanstar IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹66.77 Cr ₹95 /EQ 4.75 20.00x 30.92 % 30.92 % 24.43 % 0.50 ₹15.37 ₹527.57 Cr ₹1731.32 Cr 99.77 % 70.37 % |
| Team Review : | ✔ Apply For Long Term |
👉 Sanstar IPO Show Review ….👈
- ■ The company one of the major manufacturers of speciality products and ingredient solutions in India for food, animal nutrition and other industrial applications.
- ■ The company top line & bottom line posted contineous growth.
- ■ The company exports its products to over 49 countries globally.
- ■ The PE ratio of the company is very attarctive.
- ■ The company Issue price is slightly aggressive based on the PE Ratio but the company growth line is clear.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
Sanstar IPO Date & Price Band & Details :
| IPO Open : | July 19, 2024 |
| IPO Close : | July 23, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹2 Equity Share |
| Price Band : | ₹90 – ₹95 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹510.15 Cr {53,700,000 Shares} |
| Fresh Issue : | ₹397.10 Cr {41,800,000 Shares} |
| Offer For Sale : | ₹113.05 Cr {11,900,000 Shares} |
Sanstar IPO Market Lot :
Sanstar IPO Minimum Market lot is 1 Lot with 150 shares ₹14,250 Application amount. Retail investors can apply up to 14 lots with 2100 Shares or ₹199,500 amounts.
| Application | Lot | Shares | Amount Cr |
| Retail Minimum : | 1 | 150 | ₹14,250 |
| Retail Maximum : | 14 | 2100 | ₹199,500 |
| S-HNI Minimum : | 15 | 2250 | ₹213,750 |
| S-HNI Maximum : | 70 | 10,500 | ₹997,500 |
| B- HNI Minimum : | 71 | 10,650 | ₹10,11,750 |
Sanstar IPO Reservation :
Sanstar IPO Total Reservation of 53,700,000 shares is to be bid for the public issue by Sanstar IPO with 26,850,000 for QIB 80,55,000 for NII 18,795,000 for Retail Investor.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 26,850,000 | ₹255.08 |
| NII : | 15% | 80,55,000 | ₹76.52 |
| RII : | 35% | 18,795,000 | ₹178.55 |
| Total : | 100% | 53,700,000 | ₹510.15 |
Sanstar IPO EPS & RoNW :
The Sanstar company’s EPS & RoNW growth increased last financial year, as shown in the table here.
| Year | EPS (₹) | RoNW % | NAV (₹) |
| 2024 | 4.75 | 30.92 | 15.37 |
| 2023 | 2.98 | 28.00 | 10.63 |
| 2022 | 1.08 | 32.51 | 3.32 |
Sanstar IPO Peer Comparison PE :
The Sanstar, According to RHP of the company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| Gujarat Ambuja Exports | 18.65 |
| Gulshan Polyols Limited | 73.31 |
| Sukhjit Starch and Chemicals | 15.01 |
Sanstar IPO Dates :
Sanstar IPO Date is July 19, 2024, and closes on July 23, 2024. The allotment will be finalized on July 24, 2024, and the IPO may listed on July 26, 2024.
| Anchor Date : | July 18, 2024 |
| Open Date : | July 19, 2024 |
| Close Date : | July 23, 2024 |
| Allotment Date : | July 24, 2024 |
| Refund Date : | July 25, 2024 |
| Share Credit Date : | July 25, 2024 |
| Listing Date : | July 26, 2024 |
Sanstar IPO Form :
There are two ways to apply for Sanstar IPO. You can apply for Sanstar IPO through ASBA available in your bank account. You have to go to your online bank login select Sanstar IPO in the Invest section and apply through your bank account. Another option is you apply for Sanstar IPO through an IPO form download through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Sanstar Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2024 | ₹1,081.68 | ₹992.00 | ₹66.77 |
| 2023 | ₹1,209.67 | ₹1154.28 | ₹41.81 |
| 2022 | ₹504.77 | ₹482.78 | ₹15.92 |
Company Promoters :
■ Gouthamchand Sohanlal Chowdhary
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investors
Sanstar IPO Lead Managers :
■ Pantomath Capital Advisors
Sanstar IPO Registrar :
Linkintime India Private Limited
Reg 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: [email protected]
Website: www.linkintime.co.in
Note: Check Sanstar IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
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/
Sanstar IPO FAQs :
What is Sanstar IPO?
Sanstar IPO is a Mainboard IPO. They are going to raise ₹510.15 Crores via IPO. The issue is priced at ₹90-₹95 per equity share. The IPO is to be listed on NSE, and BSE.
When Sanstar IPO will open?
The IPO is to open from July 19 to July 23, 2024, for QIB, NII & RII.
What is Sanstar IPO Size?
The Sanstar IPO size is ₹510.15 Crores.
What is the Fresh issue size of Sanstar IPO?
The Fresh issue size of Sanstar IPO ₹397.10 Cr.
What is the Offer For Sale size of Sanstar IPO?
The Offer For Sale size of Sanstar IPO ₹113.05 Cr.
What is Sanstar IPO Price Band?
Sanstar IPO Price Band is ₹90-₹95 Per share.
What is Sanstar IPO Minimum and Maximum Lot Size?
The minimum 150 Shares with ₹14250 amount while the maximum 2100 shares with ₹199,500.
What is Sanstar IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is the Sanstar IPO Allotment Date?
The Sanstar IPO allotment date will be July 24, 2024.
What is Sanstar IPO Listing Date?
Sanstar IPO listing date will be July 26, 2024. The IPO is to list on NSE, & BSE.
How to Apply for the Sanstar IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Sanstar IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sanstar IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Sanstar IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sanstar IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Sanstar IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply for the Sanstar IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Sanstar IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Sanstar IPO GMP: Click Here Sanstar IPO Subscription: Click Here Sanstar IPO Allotment: Click Here Sanstar IPO Listing: Click Here Sanstar IPO Web Story: Click Here |
All Sanstar IPO-related links are available here. If you want to know the details then click on the Click Here.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME-RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.