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Sanstar Ltd.

Sanstar Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹95
₹95
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹95
Based on GMP
Min. Investment
₹14,250
1 lot × 150 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
19 Jul 2024
Close Date
23 Jul 2024
Allotment
24 Jul 2024
Listing Date
26 Jul 2024
Exchange
NSE & BSE
Price Band
₹95
Listing Price
See chart
Allotment Status
Price Band
₹95
Per share
Face Value
₹2 per share
 
Lot Size
150 Shares
per lot
Issue Size
5,37,00,000 shares (aggregating up to ₹510.15 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,250
1 lot
Pre-IPO Holding
14,04,44,250 shares
Promoters
Post-IPO Holding
18,22,44,250 shares
Promoters
P/E (Pre)
19.98x
 
P/E (Post)
25.93x
 
EPS (Pre)
₹4.75
 
EPS (Post)
₹3.66
 
UPI Deadline
2024-07-23
Mandate
Anchor AllotmentThu, 18 Jul 2024
Basis of AllotmentWed, 24 Jul 2024
Refund InitiationThu, 25 Jul 2024
Demat CreditThu, 25 Jul 2024
Listing DayFri, 26 Jul 2024
UPI Mandate Deadline2024-07-23
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares4,18,00,000 shares (aggregating up to ₹397.10 Cr)
Offer for Sale1,19,00,000 shares of ₹2 (aggregating up to ₹113.05 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Sanstar Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 23 Jul 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
53,700,000
100% ₹510.15
IPO Shares Offered
Sanstar Ltd. IPO total issue size: ₹510.15 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 53,700,000 ₹510.15
100.00%
* Based on upper price band ₹95 per share
Lot Size & Investment
Lot Size
150
Shares per Lot
Issue Price
₹95.00
Upper Band
Min Investment
₹14,250
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2300₹28,500
Retail (Max — 14 Lots)142,100₹199,500
S-HNI (Min — 15 Lots)152,250₹213,750
B-HNI (Min — 71 Lots)7110,650₹1,011,750
* Issue Price ₹95 × Lot Size 150 shares
IPO Schedule
Anchor
18 Jul 2024
✓ Done
IPO Open
19 Jul 2024
✓ Done
IPO Close
23 Jul 2024
✓ Done
Allotment
24 Jul 2024
✓ Done
Refunds
25 Jul 2024
✓ Done
Demat Credit
25 Jul 2024
✓ Done
Listing Day
26 Jul 2024
✓ Done
Sanstar Ltd. — Live Price LIVE
₹95.00
INR · BSE
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Issue ₹95.00 Live Price
About Sanstar Ltd.
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: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; andOther 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.
Objects of the Issue
1
Funding the capital expenditure requirement for the expansion of the Dhule Facility;
2
Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company, and;
3
General Corporate Purposes.
Sanstar Ltd. Financials (Amount in Crore)
Revenue from Operations
₹504.8
31 Mar 2022
₹1,209.7
31 Mar 2023
₹1,081.7
31 Mar 2024
Profit After Tax (PAT)
₹15.9
31 Mar 2022
₹41.8
31 Mar 2023
₹66.8
31 Mar 2024
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 1081.68 1209.67 504.77
EBITDA N/A N/A N/A
Profit After Tax (PAT) 66.77 41.81 15.92
Net Worth 215.91 149.28 48.97
Total Assets 527.57 368.35 207.45
Reserves & Surplus 225.18 158.41 55.69
Borrowings 127.64 111.70 85.22
EBITDA Margin (%) N/A
PAT Margin (%) 6.17%
P/BV Ratio
6.18
RoE
30.92%
RoCE
24.43%
RoNW
30.92%
PAT Margin
6.17%
Debt/Equity
0.50
Issue Structure & Shareholding
Total Shares Offered5,37,00,000 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding14,04,44,250 shares
Post-Issue Promoter Holding18,22,44,250 shares
P/BV Ratio6.18
RoE30.92%
RoCE24.43%
Debt / Equity0.50
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Pantomath Capital Advisors Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Sanstar Ltd. IPO subscribed?

Sanstar Ltd. IPO is subscribed 1.00 times by Jul 23, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Sanstar Ltd. IPO retail subscription status?

The Sanstar Ltd. IPO retail category is subscribed 1.00 times as of 23 Jul 2024. The retail portion is oversubscribed.

How to subscribe Sanstar Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 19 Jul 2024 and closes 23 Jul 2024. Min investment: ₹14,250 (1 lot = 150 shares). UPI mandate: 2024-07-23.

How many times Sanstar Ltd. IPO subscribed?

The Sanstar Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Sanstar Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Jul 2024. Refunds: on 25 Jul 2024.

When Sanstar Ltd. IPO will be listed?

The Sanstar Ltd. IPO listing date is 26 Jul 2024, Friday. Listed on: NSE & BSE. Issue price: ₹95. Estimated listing: ₹95. GMP: NIL.

When Sanstar Ltd. IPO close?

The Sanstar Ltd. IPO closes on 23 Jul 2024, Tuesday. UPI mandate: 2024-07-23. Allotment: 24 Jul 2024. Listing: 26 Jul 2024.