Sanstar IPO
IPO Listing Details
- Listing Date
26 Jul 2024
- Listing Price
₹106.40
- Listing Change
12.00%
- Last Traded Price
₹114.87
IPO Details
- Open Date
19 Jul 2024
- Close Date
23 Jul 2024
- IPO
Price Range
₹ 90 to ₹ 95
- IPO
Size
₹ 510.15 Cr
- Listing Exchange
BSE, NSE
- Listing Date
26 Jul 2024
IPO Timeline
Sanstar IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Jul-2024 | 0.05 | 9.89 | 4.19 | 4.23 |
| 22-Jul-2024 | 1.29 | 32.89 | 12.24 | 13.54 |
| 23-Jul-2024 | 145.68 | 136.49 | 24.23 | 82.98 |
Last Updated: 23 July 2024 6:57 PM by 5Paisa
Last Updated: 23rd July 2024, 05:22 PM by 5paisa
Sanstar IPO is set to open on 19 July 2024 and will close on 23 July 2024. The company specializes in the manufacturing of unique plant-based products and ingredient solutions.
The IPO includes a fresh issue of 4,18,00,000 shares aggregating up to ₹397.10 Cr and an offer for sale of 1,19,00,000 shares aggregating up to ₹113.05 Cr. The price range is ₹90 to ₹95 per share and the lot size is 150 shares.
The allotment is scheduled to be finalized on 24 July 2024. It will go public on BSE & NSE, with a tentative listing date of 26 July 2024.
Pantomath Capital Advisors Pvt Ltd is the book-running lead manager, while Link Intime India Private Ltd is the registrar.
Objectives Of Sanstar IPO
1. Funding the capital expenditure requirement for the expansion of the Dhule Facility
2. Repayment and/or pre-payment, in part or full, of certain borrowings.
3. General Corporate Purposes.
Sanstar IPO Video
Sanstar IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 510.15 |
| Offer for sale | 113.05 |
| Fresh issue | 397.10 |
Sanstar IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14250 |
| Retail (Max) | 14 | 2100 | ₹199500 |
| S-HNI (Min) | 15 | 2250 | ₹213750 |
| S-HNI (Max) | 70 | 10500 | ₹997500 |
| B-HNI (Min) | 71 | 10650 | ₹1011750 |
Sanstar IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 145.68 | 1,07,40,000 | 1,56,45,82,800 | 14,863.54 |
| NII (HNI) | 136.49 | 80,55,000 | 1,09,94,48,400 | 10,444.76 |
| Retail | 24.23 | 1,87,95,000 | 45,53,52,600 | 4,325.85 |
| Total | 82.98 | 3,75,90,000 | 3,11,93,83,800 | 29,634.15 |
Sanstar IPO Anchor Allocation
| Anchor Bid Date | 18 July, 2024 |
| Total no. of shares offered | 16,110,000 |
| Portion Size for Anchor Investors | 153.05 Cr. |
| Lock in Period for 50% shares (30 days) | 23 August, 2024 |
| Lock in Period for rest of shares (90 days) | 22 October, 2024 |
Sanstar Limited was founded in 1982 and specializes in the manufacturing of unique plant-based products and ingredient solutions for the food, pet food, and industrial sectors in India.
The company's varied product line includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and a variety of byproducts such as germ, gluten, fiber, and fortified proteins.
Sanstar Limited maintains two production sites in Dhule, Maharashtra, and Kutch, Gujarat, totaling 10.68 million square feet. The firm is India's sixth largest maker of corn-based specialized goods and additives, with an installed capacity of 3,63,000 tons per year (1,100 tons per day).
The firm sells to 49 countries in Asia, Africa, the Middle East, America, Europe, and Oceania. Domestically, it has a strong presence, with products distributed in 22 Indian states.
It employed 271 people, including 60 permanent staff, as of March 31, 2024 in its operations in Kutch and Dhule, as well as at its headquarters.
Peers
Gujarat Ambuja Exports Limited
Gulshan Polyols Limited
Sukhjit Starch and Chemicals Limited
For More Information
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue from operations | 1081.68 | 1209.67 | 504.77 |
| EBITDA | 66.77 | 41.81 | 15.92 |
| PAT | 89.72 | 55.39 | 21.98 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 527.57 | 368.35 | 207.45 |
| Share Capital | 28.09 | 28.09 | 29.50 |
| Total Borrowings | 127.64 | 111.70 | 85.22 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 28.60 | -6.02 | 29.71 |
| Net cash from / (used in) investing activities | -36.89 | -71.39 | -4.50 |
| Net cash flow from / (used in) financing activities | 5.20 | 83.04 | -25.03 |
| Net increase (decrease) in cash and cash equivalents | -3.10 | 5.63 | 0.19 |
Strengths
1. Sanstar Limited has been in the industry since 1982.
2. The company offers a wide range of products catering to multiple industries.
3. Sanstar exports to 49 countries and has a pan-India presence in 22 states.
4. The demand for plant-based ingredients and specialty products is increasing globally
Risks
1. The specialty ingredients and plant-based product market is highly competitive.
2. Sanstar’s products rely heavily on maize and other plant-based raw materials.
3. The company operates in a highly regulated industry.
.4. Sanstar’s global operations expose it to risks associated with economic downturns
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FAQs
Sanstar IPO opens from 19th July to 23rd July 2024.
The size of the Sanstar IPO is ₹510.15 Cr.
The price band of Sanstar IPO is fixed at ₹90 to ₹95 per share.
To apply for Sanstar IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Sanstar IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Sanstar IPO is 150 shares and the investment required is ₹14,250.
The share allotment date of Sanstar IPO is 24th July 2024
The Sanstar IPO will be listed on 26th July 2024.
Pantomath Capital Advisors Pvt Ltd is the book-running lead manager for the Sanstar IPO.
Sanstar plans to utilize the raised capital from the IPO for:
Funding the capital expenditure requirement for the expansion of the Dhule Facility
Repayment and/or pre-payment, in part or full, of certain borrowings.
General Corporate Purposes.
Contact Information
Sanstar
Sanstar Limited
Sanstar House, near Parimal Under Bridge,
Opp. Suvidha Shopping Centre, Paldi,
Ahmedabad – 380 007
Phone: +91 79 26651819
Email: cs@sanstar.in
Website: https://www.sanstar.in/
Sanstar IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sanstar.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Sanstar IPO Lead Manager
Pantomath Capital Advisors Pvt Ltd
