Sanstar Limited Details
The Sanstar Limited is a book build issue with a total issue size of ₹510.15 cr, comprising of fresh issue of 41800000 equity shares., and a offer for sale of 11900000 equity shares. Sanstar Limited opened for subscription on Jul 19, 2024 and closed on Jul 23, 2024. Sanstar Limited is set price band at ₹90 to ₹95 per share, with a lot size of 150 shares. Minimum investment for Retail investors was ₹14,250.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 24, 2024, and listed on both the NSE and BSE on Jul 26, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Pantomath Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Sanstar Limited, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 90 – 95
- Lot Size
- 150
- Issue Size
- ₹510.15 Cr
- Minimum Investment
- ₹14250 (150 Shares)
- Listing Date
- 26 July 2024
Current GMP
₹25 (+26.32%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Sanstar Limited
Established in 1982, Sanstar Limited manufactures plant-based specialty products and ingredient solutions in India for food, animal nutrition, and other industrial applications. The company’s 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. According to Frost & Sullivan, the company holds the position of the fifth-largest manufacturer of maize-based specialty products and ingredient solutions in India, boasting an installed capacity of 363,000 tons per annum (1,100 tons per day).
The specialty products and ingredients solutions by the company add taste, texture, nutrients and increased functionality to (i) foods as ingredients, thickening agents, stabilizers, sweeteners, emulsifiers, and additives (in bakery products, confectionery, pastas, soups, ketchups, 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.
The company is a recognized Two Star Export house from the Director General of Foreign Trade, Government of India, while Sanstar Biopolymers Limited, the erstwhile Company that was merged with the Company in 2023 is a recognized Three Star Export House. The company has two manufacturing facilities in Maharashtra and Kutch covering a total area of 245 acres and exports its products to companies in 49 countries including Asia, Africa, the Middle East, America, Europe, and Oceania. The Domestic reach is equitable, with product distribution covering 22 states across India.
Sanstar Limited Promoters
- Gouthamchand Sohanlal Chowdhary
- Sambhav Gautam Chowdhary
- Shreyans Gautam Chowdhary
Promoters Holding
Holding Pre Issue
99.77%
Holding Post Issue
70.37%
Sanstar Limited Objective
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding the capital expenditure for the expansion of the Dhule facility
- Repayment and/or prepayment, in part or in full, of certain borrowings availed by the company
- General corporate purposes
Address / Contact Info
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
IPO Snapshot
Book Running Lead Managers
- Pantomath Capital Advisors Pvt Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Sanstar Limited is a Book-building IPO with a total issue size of ₹510.15 crore. The Sanstar Limited price band is ₹90 to 95 per share. The Sanstar Limited subscription opens on Fri, Jul 19, 2024, and closes on Tue, Jul 23, 2024. The Sanstar Limited will be listed on the NSE,BSE. MUFG Intime India Private Limited is the registrar for the Sanstar Limited.
The Sanstar Limited opens on Fri, Jul 19, 2024 and closes on Tue, Jul 23, 2024
Sanstar Limited Price Band is ₹90 to 95 per share.
Sanstar Limited lot size is 150 shares, Retail investors need a minimum investment of ₹14250 based on the upper price band
The minimum investment for Sanstar Limited is ₹14250, based on one lot of 150 shares at the upper price band of ₹95 per share.
Investors can apply for the Sanstar Limited through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jul 23, 2024. The application amount remains blocked until the Sanstar Limited allotment is finalized.
Sanstar Limited issue size is ₹510.15 crores.
Sanstar Limited allotment date is Wed, Jul 1, 2026.
The registrar for Sanstar Limited is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Sanstar Limited allotment status, refund processing, and other IPO-related information.
The Sanstar Limited GMP (Grey Market Premium) is ₹25 as of Fri, Jul 26, 2024. Based on the upper price band of ₹95 per share, the estimated Sanstar Limited listing price is ₹120, indicating a potential listing gain of approximately 0% over the issue price.