Sanstar Limited
IPO Details
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Company Fin.
₹25(26.32%)
Premium (ELP)
Sanstar Limited's successfully completed its Initial Public Offering and commenced trading on Jul 26, 2024 at the NSE, BSE exchange. The company raised 5,37,00,000 Shares through this public offering, comprising 4,18,00,000 Shares in fresh capital and ₹113.05 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹90 to ₹95, with minimum application lots of 150 shares. The offering attracted significant investor interest during its subscription period from Jul 19, 2024 to Jul 23, 2024.
Share allotment was finalized on Jul 24, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- 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.
- 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.
- Gouthamchand Sohanlal Chowdhary
- Sambhav Gautam Chowdhary
- Shreyans Gautam Chowdhary
Sanstar Limited
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