Sanstar Limited IPO
Sanstar Limited IPO is listed on BSE and NSE, priced at ₹90–₹95 per share. The stock debuted at ₹109, delivering a listing gain of 14.7%. The IPO had a lot size of ₹150 shares and a minimum investment of ₹14,250.
Sanstar Limited IPO
- IPO Dates
- Jul 19, 2024 – Jul 23, 2024
- Price band
- ₹90-95 per equity share
- Minimum Investment
- ₹14,250
- Issue size
- ₹510.15 Cr
- Lot size
- 150
- Allotment Date
- Jul 24, 2024
- Listing
- Jul 26, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Jul 19, 2024
Open Date
Completed
-
Jul 23, 2024
Close Date
Completed
-
Jul 24, 2024
Allotment Date
Completed
-
Jul 26, 2024
Listing Date
Completed
Price Summary
- Last closing
- 110.99 (16.83%)
- 52 week high
- 113.00
- 52 week low
- 74.30
- Last update
Sanstar Limited IPO Essentials
Sanstar Limited IPO Details
Sanstar Limited IPO is priced at ₹90-95 per share with a total issue size of 510.15 crore. The IPO has a lot size of 150 shares and is listed on BSE and NSE.
- Issue price
- ₹90-95 per equity share
- Lot size
- 150 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- Total ₹510.15 Cr :
#Fresh Issue : 41,800,000 shares(aggregating up to ₹397.10 Cr) +
#OFS : 11,900,000 shares of ₹2(aggregating up to ₹113.05 Cr) - Total issue size
- 5,37,00,000 shares
(aggregating up to ₹510.15 crore) - Fresh issue
- 4,18,00,000 shares
(aggregating up to ₹397.1 crore) - Offer for sale (OFS)
- 1,19,00,000 shares
(aggregating up to ₹113.05 crore) - Listing at
- BSE, NSE
- List price
- 109.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Pantomath Capital Advisors Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 150 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 150 | ₹14,250 |
| Retail(max) | 14 | 2100 | ₹1,99,500 |
Sanstar Limited IPO Reservation
Sanstar Limited IPO reservation details show category-wise allocation of shares. Out of the total 53,700,000 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 16,110,000 (30%) | |
| QIB Shares Offered | 10,740,000 (20%) | |
| NII (HNI) Shares Offered | 8,055,000 (15%) | |
| bHNI > ₹10L | 5,370,000 (10%) | 2,386 |
| sHNI < ₹10L | 2,685,000 (5%) | 1,193 |
| Retail Shares Offered | 18,795,000 (35%) | 125,300 |
| Total Shares Offered | 53,700,000 (100%) |
Sanstar Limited IPO Analytics
Sanstar Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Sanstar Limited IPO Subscription Status
Sanstar Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 10,740,000 |
8,055,000
5,370,000
2,685,000
|
18,795,000 | 37,590,094 |
|
Day 1
19-07-24 05:00 PM
|
0.05 x |
9.85x
10.73x
8.07x
|
4.07 x | 4.16 x |
|
Day 2
22-07-24 05:00 PM
|
1.29 x |
32.85x
31.99x
34.55x
|
12.15 x | 13.48 x |
|
Day 3
23-07-24 05:00 PM
|
145.68 x |
136.42x
149.44x
110.39x
|
24.10 x | 82.91 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 27,62,240 (Approx) | —x | —x | 20.57x |
Sanstar Limited Valuations
Earnings
- EPS Pre IPO
- ₹4.75/-
- EPS Post IPO
- ₹3.66/-
- P/E Pre IPO
- 19.98
- P/E Post IPO
- 25.93
Returns
- ROE
- 30.92%
- ROCE
- 24.43%
- RoNW
- 30.92%
- PAT Margin
- 6.17
Fundamentals
- Debt / Equity
- 0.50
- Price / Book
- 6.18
Sanstar Limited Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 527.57 | 368.35 | 207.45 |
| Revenue | 1,081.68 | 1,209.67 | 504.77 |
| Profit After Tax | 66.77 | 41.81 | 15.92 |
| Net Worth | 215.91 | 149.28 | 48.97 |
| Reserves & Surplus | 225.18 | 158.41 | 55.69 |
| Total Borrowing | 127.64 | 111.70 | 85.22 |
Sanstar Limited Company & Offer Insights
About Sanstar Limited
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:
Food products: as ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives (including in baked goods, confectionery, pasta, soups, ketchup, sauces, creams and desserts);
Pet food products: as nutritional ingredients
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.
Sanstar Limited Promoter(s)
Gouthamchand Sohanlal Chowdhary, Sambhav Gautam Chowdhary, Shreyans Gautam Chowdhary are the company's promoters of Sanstar Limited.
Sanstar Limited IPO Issue Objectives
- •
- Funding the capital expenditure requirement for the expansion of the Dhule Facility
- •
- Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company
- •
- General Corporate Purposes.
Sanstar Limited IPO - Anchor Investors
Sanstar raises Rs 153 crore from anchor investors.
Five institutional investors such as Societe Generale, BofA Securities Europe SA ODI, Bank of India Mutual Fund, Trust Mutual Fund, and SBI General Insurance Company invested Rs 70 crore in the anchor book.
Among others, Gagandeep Credit Capital, Negen Undiscovered Value Fund, Intuitive Alpha Investment Fund, Chattisgarh Investments, Minerva Emerging Opportunities Fund, SB Opportunities Fund, and Finavenue Capital Trust bought shares worth Rs 83.04 crore.
Sanstar Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Sanstar Limited | 4.75 | 4.75 | 15.37 | 19.98 | 30.92 | 6.18 | Consolidated |
| Gujarat Ambuja Exports Ltd. | 7.54 | 7.54 | 60.37 | 18.65 | 12.49 | 2.33 | Consolidated |
| Gulshan Polyols Ltd. | 2.85 | 2.85 | 123.63 | 73.31 | 2.3 | 1.69 | Consolidated |
| Sukhjit Starch & Chemicals Ltd. | 31.98 | 31.98 | 321.75 | 15.01 | 9.94 | 1.49 | Consolidated |
Notes:
- The current market price (CMP) is the closing market price of the equity shares of the respective companies on NSE on July 05, 2024.
- Diluted EPS refers to the diluted earnings per share sourced from the annual reports/annual results as available of the respective company for the year ended March 31, 2024, submitted to stock exchanges.
- NAV is computed as the net worth at the end of the year divided by the closing outstanding number of equity shares. For the calculation of NAV for Sanstar Limited on Restated Consolidated basis, revaluation and amalgamation reserve have been excluded in the net worth calculation.
- The P/E Ratio has been computed based on the CMP divided by the Basic and Diluted EPS.
- RoNW is computed as net profit attributable to owners of the company divided by net worth at the end of the year. For the calculation of RoNW for Sanstar Limited on a Restated Consolidated basis, revaluation reserve and amalgamation reserve have been excluded in the calculation of net worth.
Sanstar Limited IPO - Strengths and Risks
Sanstar Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Sanstar Limited
+91 79 26651819
Sanstar House, near Parimal Under Bridge, Opp. Suvidha Shopping Centre, Paldi, Ahmedabad – 380 007
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Sanstar Limited IPO is a book-built IPO worth ₹510.15 crore. The price band is ₹90–₹95 per share. The IPO opens on Jul 19, 2024 and closes on Jul 23, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Sanstar Limited IPO is ₹90 to ₹95 per share.
The lot size of Sanstar Limited IPO is 150 shares.
The minimum investment for Sanstar Limited IPO is approximately ₹14,250 based on the upper price band .
Sanstar Limited IPO opens on Jul 19, 2024 and closes on Jul 23, 2024.
The allotment date of Sanstar Limited IPO is Jul 24, 2024.
Sanstar Limited IPO is expected to be listed on Jul 26, 2024, on BSE and NSE .
Sanstar Limited IPO listed on Jul 26, 2024. It was issued at ₹109.0(NSE) and is currently around ₹110.99 as on 18-May-2026 3:30 PM, which is approximately 16.8% versus issue price. The 52-week high is ₹113.00.
Based on listing and post-listing performance, Sanstar Limited IPO delivered around 16.8% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Sanstar Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Sanstar Limited IPO valuation snapshot: P/E 25.93, EPS ₹3.66/-, P/B 6.18, RoNW 30.92%, and market cap N/A.
To apply for Sanstar Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Sanstar Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Sanstar Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Sanstar Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Sanstar Limited IPO allotment status on IPO Ji for quick and easy access.