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Bidding Date
19-Jul-2024 to
23-Jul-2024
Issue Size
₹510.15 Cr
Price Band
₹90 to ₹95
Allotment date
24-Jul-2024
Listing date
26-Jul-2024
Lot size
150
No. of shares
5,37,00,000
Fresh issue/OFS
₹397.1 Cr/₹113.05 Cr
Established over five decades ago, Sanstar Ltd is a manufacturer of plant-based specialty products and ingredient solutions, catering to food, animal nutrition, and other industrial applications. Their merger with Sanstar Biopolymers Limited, a recognized Three Star Export House, further strengthened their position. The company specializes in a wide range of products, including Liquid Glucose, Dried Glucose Solids, Maltodextrin Powder, Dextrose Monohydrate, Native Maize Starches , Modified Maize Starches and several co-products - Germs, Gluten, Fiber, and Enriched Protein. Their state-of-the-art manufacturing facilities are located in Dhule, Maharashtra, and Kutch, Gujarat. These facilities cover a cumulative area of 10.68 million square feet and are strategically positioned near maize harvesting belts and seaports for efficient raw material sourcing and product export. Their products enhance taste, texture, and nutritional value in various applications - Food Industry, Animal Nutrition and Industrial Applications.
Read our in-depth analysis of the Sanstar Ltd IPO Here 
Category
Status
QIBs
145.7x
NIIs
136.5x
Retail
24.2x
Others
260x
Total
83x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Speciality Medicines | 117 - 124 | 20-Mar-2026 to 24-Mar-2026 |
| Central Mine Planning & Design Institute | 163 - 172 | 20-Mar-2026 to 24-Mar-2026 |
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Sanstar is ₹510.15 Cr.
Sanstar falls into Food Processing industry.
The Sanstar IPO will be listed on both NSE and BSE.
The open and close dates for the Sanstar are 19-Jul-2024 & 23-Jul-2024.
The price band for the Sanstar ipo is ₹90 to ₹95
The listing date of Sanstar IPO is 26-Jul-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Sanstar total subscription ratio is 83X.
Key financial of the Sanstar are:
| Sanstar | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 1067.27 | 1205.07 | 504.4 |
| EBIT (₹ Cr) | 86.05 | 60.59 | 30.7 |
| Proft after Tax (₹ Cr) | 66.77 | 41.81 | 15.92 |
| Debt (₹ Cr) | 127.64 | 111.7 | 85.22 |
| Net Worth (₹ Cr) | 253.76 | 187.13 | 85.21 |
| RoE (%) | 26.31 | 22.34 | 18.68 |
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