Sanstar Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹90 - ₹95
- Lot size
- 150 shares
- Issue amount
- ₹510.15 cr
- Total subscription
- 82.98×
- Opens
- 19 Jul 2024
- Closes
- 23 Jul 2024
- Allotment
- 24 Jul 2024
- Listing
- 26 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 5,37,00,000 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹13,500
- Fresh issue
- ₹397.1 cr
- Offer for sale
- ₹113.05 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹95
- Issue type
- Bookbuilding IPO
- Shares before issue
- 14,04,44,250
- Shares after issue
- 18,22,44,250
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 150 | ₹14,250 |
| sHNI | 15 | 2,250 | ₹2,13,750 |
| bHNI | 71 | 10,650 | ₹10,11,750 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 102.03 | 14,863.54 |
| RETAIL | 178.55 | 4,325.85 |
| HNIs 2+ | 25.51 | 2,821.2 |
| HNIs 10+ | 51.02 | 7,623.6 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.75 | 2.98 | 1.08 |
| ROE | 30.92 | 28 | 32.51 |
| ROCE | 25.43 | 23.82 | 23.19 |
| RONW | 30.92 | 28 | 32.51 |
| PRE IPO(PE) | 19.98 | 0 | 0 |
| POST IPO(PE) | 25.93 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 1982, Sanstar Limited is a leading Indian manufacturer of specialty plant-based products and ingredient solutions for food, pet food, and industrial applications. Its extensive product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native and modified maize starches, and by-products such as germ, gluten, fiber, and fortified proteins, serving as thickeners, stabilizers, sweeteners, emulsifiers, and functional additives. The company operates two manufacturing facilities in Dhule, Maharashtra, and Kutch, Gujarat, covering 10.68 million sq. ft. with an installed capacity of 363,000 tons per annum, making it India’s fifth-largest corn-based specialty ingredients producer. Sanstar exports to 49 countries across Asia, Africa, the Middle East, America, Europe, and Oceania, with a pan-India presence in 22 states, and as of March 31, 2024, employs 271 people, including 60 permanent staff.
Strengths
- Global Reach: Active in 49 countries, successfully breaking into tough markets.
- Steady Financial Growth: Consistently strong performance with stable finances.
- Experienced Leadership: Led by two generations of promoters with deep industry expertise.
Risk factors
- Raw Material Price Changes: If raw material prices go up or down, product prices may change, which can affect business profits and cash flow, especially without long-term deals with suppliers.
- Supply Chain Challenges: Higher raw material costs, shortages, or weak supplier partnerships can hurt business operations and performance.
- Production Interruptions: Any slowdown or stoppage in manufacturing could harm business performance, profits, and overall operations.
Promoters
Gouthamchand Sohanlal Chowdhary
Sambhav Gautam Chowdhary
Shreyans Gautam Chowdhary
Registrar & documents
Lead manager
Pantomath Capital Advisor Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Sanstar House, near Parimal Under Bridge, Opp. Suvidha Shopping Centre, Paldi, Ahmedabad – 380 007
+91 79 26651819
[email protected]Company website ↗Understanding SANSTAR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.