Sanstar IPO

Sanstar Ltd

₹13,500 /150 sharesMinimum Investment

Sanstar IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE₹95.00₹109.00₹14.00 (14.74%)

Sanstar IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
19 Jul ‘24 - 23 Jul ‘24₹13,500150₹90 - ₹95
Issue SizeIPO Doc
510.15Cr
RHP PDF

Subscription rate

As of 23 Jul'24, 04:00 PM
Qualified Institutional Buyers122.57x
Non-Institutional Investor133.73x
Retail Individual Investor22.48x
Total74.91x

About Sanstar

Sanstar Limited is a producer of plant-based specialty products and ingredient solutions. It caters to food, animal nutrition, and various industrial sectors. The company’s product lineup includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, as well as native and modified maize starches. The company also produces co-products such as germs, gluten, fibre, and protein. Sanstar operates two manufacturing facilities. These are located in Dhule, Maharashtra, and Kutch, Gujarat. The company has an in-house research and development (R&D) team that has made products like san-o-gel pre-gelatinised starch and san-o-mould for the oil & gas and food industries, respectively. Maize is the primary raw material for the company’s products, supplemented by various other consumables and chemicals used in their manufacturing processes.;
Founded in
1982
Managing director
Mr. Gouthamchand Sohanlal Chowdhary
Parent organisation
Sanstar Ltd

Strengths & Financials of Sanstar

Strengths
Risks
As of FY24, Sanstar Limited has a presence in 22 states of India and has exported its products to 49 countries across Asia, Africa, the Middle East, the Americas, Europe, and Oceania.
The company's Dhule and Kutch units hold ISO 9001:2015 certification for quality management systems, while the Dhule unit holds the FSSAI’s FSSC 22000:2018 certification too.
The company’s profit after tax (PAT) has increased steadily over the years, from Rs 15.92 crore in FY22 to Rs 41.80 crore in FY23 to Rs 66.77 crore in FY24.
Sanstar Limited has two manufacturing facilities. These are located in two different states – Gujarat and Maharashtra. In case of any negative developments in one state, this diversification of its manufacturing facilities is a positive for the company’s business.

Sanstar Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Sanstar IPO

Apply asPrice bandApply upto
Regular90 - 95₹2 Lakh
High Networth Individual90 - 95₹2 - 5 Lakh
For Sanstar IPO, eligible investors can apply as Regular.
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