Sanstar Limited IPO Date, Allotment, Details, Review

Sanstar Limited IPO: Sanstar Limited is raising money by selling shares to the public. They plan to collect Rs 510.15 crores through this process. Out of this, Rs 397.10 crore will come from selling 4.18 crore new shares, and Rs 113.05 crore from selling 1.19 crore existing shares(OFS).

Sanstar Limited IPO is open for subscription on July 19, 2024, and closes on July 23, 2024. The allotment for the IPO is expected on July 24, 2024. Sanstar Limited Mainboard IPO will be listed on BSE NSE with a listing date fixed as July 26, 2024.

Source- Sanstar Limited IPO RHP

Sanstar Limited IPO Details

Sanstar Limited IPO Date

• IPO Open Date: July 19, 2024
• IPO Close Date: July 23, 2024
• Allotment: July 24, 2024
• Refunds: July 25, 2024
• Shares Credit to Demat: July 25, 2024
• Listing Date: July 26, 2024

Lot Size

• Retail (Min): Minimum application size is 1 lot (150 shares) for ₹14,250.
• Retail (Max): Maximum application size is 14 lots (2100 shares) for ₹199,500.
• S-HNI (Min): Super High Net-worth Individual minimum application size is 15 lots (2,250 shares) for ₹213,750.
• S-HNI (Max): Super High Net-worth Individual maximum application size is 70 lots (10,500 shares) for ₹997,500.
• B-HNI (Min): Big High Net-worth Individual minimum application size is 71 lots (10,650 shares) for ₹1,011,750.

Sanstar IPO anchor investors

Sanstar Limited IPO GMP (Grey Market Premium)

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Sanstar Limited IPO Subscription Status

Sanstar Limited IPO subscription starts on July 19, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

Sanstar Limited IPO Allotment Status

To check Sanstar Limited IPO allotment status go to the IPO registrar website ”Linkintime India Private Limited” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

1. Go to the Link given above.
2. Select the IPO Name
3. Enter your PAN/ DP ID/ Application No
4. Submit details and get the allotment status.

Know About Company

Sanstar Limited, established in 1982, makes special plant-based products and ingredients for food, pet food, and various industries across India.

Their products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, and different types of maize starches. They also produce by-products like germ, gluten, fibre, and fortified proteins.

These items are used in:

• Food Products: They serve as ingredients, thickeners, stabilizers, sweeteners, and additives in various foods like baked goods, sweets, pasta, soups, sauces, and desserts.
• Pet Food Products: They provide nutritional ingredients for pet food.
• Other Industrial Uses: They act as disintegrants, excipients, supplements, coating agents, binders, and refining agents.

Sanstar operates two large manufacturing sites in Dhule (Maharashtra) and Kutch (Gujarat), covering a vast area of approximately 245 acres combined. Their production capacity is impressive, capable of processing 1,100 tons of products daily.

The company exports its products to 49 countries across Asia, Africa, the Middle East, America, Europe, and Oceania. They also distribute their products throughout India, reaching customers in 22 states nationwide.

Objects of the Issue

1. Funding the capital expenditure requirement for the expansion of our Dhule Facility;
2. Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company and;
3. General Corporate Purposes.

Promoters Holding

Before the Sanstar IPO, the company’s promoters were Gouthamchand Sohanlal Chowdhary, Sambhav Gautam Chowdhary, and Shreyans Gautam Chowdhary, holding 99.77% of the shares. After the IPO, their collective ownership decreased to 70.37%.

Sanstar Limited Financial Report

Here’s a table summarizing Sanstar Limited’s financial information:

• Assets: Represents the total assets held by Sanstar Limited.
• Revenue: The income generated by the company from its operations.
• Profit After Tax (PAT): The net profit remaining after all expenses and taxes have been deducted.
• Net Worth: The total value of the company’s assets minus its liabilities.
• Reserves and Surplus: Accumulated profits retained within the company after dividends have been paid.
• Total Borrowing: The amount of money borrowed by the company.

KPI of Sanstar Limited

Here’s the table with the financial figures converted into crores (₹ in crore):

EPS and P/E ratios Pre IPO and Post IPO

Peer Group

• Gujarat Ambuja Exports Limited
• Gulshan Polyols Limited
• Sukhjit Starch and Chemicals Limited

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 – https://www.linkintime.com/

Sanstar IPO 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
Website: www.pantomathgroup.com

Sanstar Limited Contact

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 Application Form PDF

To download the Sanstar IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

FAQs For Sanstar IPO