Sanstar IPO Description – Sanstar is one of the major manufacturers of plant based specialty products and ingredient solutions in India for food, animal nutrition and other industrial applications. Its 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.
As per Frost & Sullivan, the company is third largest manufacturer of maize based specialty products and ingredient solutions in India with an installed capacity of 3,63,000 tons per annum (1,100 tons per day).
During the 6 months ended 30 September 2023 and Fiscal 2023, the company’s revenue from exports stood at INR 18.88 crore and INR 38.18 crore respectively, representing 33.07% and 30.93% respectively of total revenues. As of the same date, the company exported its products to 49 countries across Asia, Africa, Middle East, Americas, Europe and Oceania. Additionally, the company has footprints across India, with its products being sold in 21 states. As of 30 November 2023, Sanstar had 272 employees.
Promoters of Sanstar – Gouthamchand Sohanlal Chowdhary, Sambhav Gautam Chowdhary And Shreyans Gautam Chowdhary
Sanstar IPO Details
| Sanstar IPO Dates | Coming soon |
| Sanstar Issue Price | Coming soon |
| Fresh issue | 4,00,00,000 shares |
| Offer For Sale | 80,00,000 shares |
| Total IPO size | 4,80,00,000 shares |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Sanstar Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 309.83 | 504.40 | 759.76 | 375.41 |
| Expenses | 293.72 | 482.78 | 706.99 | 346.62 |
| Net income | 13.93 | 15.92 | 40.74 | 21.82 |
| Margin (%) | 4.50 | 3.16 | 5.36 | 5.81 |
Sanstar Offer News
Sanstar Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 (Pre Issue) |
FY 2024 (Post-Issue)* |
|
| EPS | 0.94 | 1.08 | 2.76 | 1.48 |
| PE Ratio | – | – | – | – |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | 42.19 | 32.51 | 45.40 |
| NAV | – | – | 11.01 |
| EBITDA (%) | 11.96 | 7.87 | 9.41 |
| ROCE (%) | 20.98 | 23.19 | 37.72 |
| Debt/Equity | 1.47 | 1.00 | 0.65 |
Sanstar IPO GMP Today (Daily Trend)
Sanstar IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capital expenditure requirement for expansion of Dhule Facility – INR 181.56 crore
- Repayment and/or pre-payment, in part or full, of certain borrowings availed by the company – INR 100 crore
- General corporate purposes
Sanstar IPO Subscription – Live Updates
Sanstar – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Sanstar | – | 3.05 | 27.74 | 11.01 | 1,182.77 |
| Gujarat Ambuja Exports | 25.52 | 14.40 | 13.56 | 106.13 | 4,983.00 |
| Gulshan Polyols | 24.38 | 8.69 | 7.86 | 110.60 | 1,186.79 |
| Sukhjit Starch and Chemicals | 12.13 | 40.56 | 13.61 | 298.00 | 1,449.61 |
Sanstar IPO Allotment Status
Sanstar IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Sanstar IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Sanstar IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Sanstar IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Axis Capital –
Aditya Birla Capital –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth –
Canara Bank Securities –
Choice Broking –
Elite Wealth –
SMIFS –
GEPL Capital –
Hem Securities –
InCred Equities –
Mehta Equities –
Jainam Broking –Â
Marwadi Financial –
Nirmal Bang –
Reliance Securities –
SBI Securities –
Samco Securities –
SMC Global –
Systematix Shares –
Sushil Finance –
Swastika Investmart –
Ventura Securities –
Sanstar Offer Lead Manager
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Pantomath Nucleus House, Saki Vihar Road,
Andheri East, Mumbai – 400 072 Maharashtra, India
Phone: 18008898711
Email: [email protected]
Website: www.pantomathgroup.com
Sanstar Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg, Vikhroli
West, Mumbai – 400 083, Maharashtra, India
Tel:Â +91 8108114949
E-mail: [email protected]
Website:Â www.linkintime.com
SANSTAR LIMITED
Sanstar House, near Parimal Under Bridge,
Opposite Suvidha Shopping Centre, Paldi, Ahmedabad
380 007, Gujarat, India
Phone:Â +91 79 26651819
Email: [email protected]
Website: www.sanstar.in
Sanstar IPO FAQs
How many shares in Sanstar IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for an Sanstar Public Offer?
The best way to apply for Sanstar public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Sanstar IPO GMP today?
Sanstar IPO GMP today is INR NA per share.
What is Sanstar kostak rate today?
Sanstar kostak rate today is INR NA per application.
What is Sanstar Subject to Sauda rate today?
Sanstar Subject to Sauda rate today is INR NA per application.
