Sanstar Limited

Lot Size
1 Lot = 150 Qty
Min Investment
₹14250
Subscription
Oversubscribed
Listing Gain
20(Points)

IPO Details

Open Date
Jul 19, 2024
Close Date
Jul 23, 2024
Allotment Date
Jul 24, 2024
Allotment Date
Jul 24, 2024
Refund Initiation
Jul 25, 2024
Demat Transfer
Jul 25, 2024
Listing Date
Jul 26, 2024
Fresh Issue
397.10
Offer For Sale
113.05
Issue Price
₹90 to ₹95
Face Value
₹2
Issue Type
Fresh Issue
Total Issue Size
510.15 CR
QIB + NII Quota
50 + 15%
Retail Quota
35%
Listing On
NSE & BSE
Registrar
Link Intime India Pvt Ltd
Check Allotment Status

Company Financial Rusult In Crore

PERIOD ASSET REVENUE PROFIT
31-Mar-2024 527.57 1081.68 66.77
31-Mar-2023 368.35 1209.67 41.81
31-Mar-2022 207.45 504.77 15.92
DRHP DRAFT

About Sanstar Limited

Founded in 1982, Sanstar Limited manufactures specialty plant-based products and ingredient solutions for food, pet food, and other industrial applications in India.

The company's product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and by-products such as germ, gluten, fiber, and fortified proteins.

These products are used in:

  1. Food products: as ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives (including in baked goods, confectionery, pasta, soups, ketchup, sauces, creams and desserts);
  2. Pet food products: as nutritional ingredients; and
  3. Other industrial products: as disintegrants, excipients, supplements, coating agents, binders, smoothing and flattering agents, and refining agents.

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.

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.

As of March 31, 2024, the company employed 271 people (including 60 permanent employees) at its plants in Kutch and Dhule and at its headquarters.






DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Readers must consult a qualified financial advisor before making any actual investment decisions based on the information published herein. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks. The author does not intend to invest in this offering.