Sanstar Ltd IPO
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Sanstar Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 537 L | ₹ 119 L | ₹ 187.95 L | ₹ 803.66 L | BSE | ₹ 510.15 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 19 Jul, 24 | 23 Jul, 24 | 150 | ₹ 13,500 | Book Building | 26 Jul, 24 |
Sanstar Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 58.27x | 26850000 | 1564582800 |
| NII | 136.5x | 8055000 | 1099480050 |
| Retail | 24.23x | 18795000 | 455433300 |
| Employee | 0x | 0 | 0 |
| Total | 58.09x | 53700000 | 3119496150 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Sanstar Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 63.29 | 31.00 | 25.34 |
| EBITDA | 72.69 | 40.02 | 34.27 |
| PAT | 40.74 | 15.92 | 13.93 |
| Total Assets | 94.81 | 71.00 | 55.72 |
| Share Capital | 29.50 | 29.50 | 29.50 |
| Total Borrowings | 97.82 | 66.60 | 76.70 |
| Operating Activities (Net Cash) | 50.14 | 24.94 | 22.86 |
| Investing Activities (Net Cash) | -0.91 | -3.27 | -0.51 |
| Financing Activities (Net Cash) | 97.82 | 66.60 | 76.70 |
| Net Cashflow | 6.38 | 1.81 | 0.47 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Sanstar Ltd
Sanstar Limited was originally incorporated as `Continental Papers Limited' under the Companies Act, 1956, as a public limited company, pursuant to the certificate of incorporation dated February 26, 1982 issued by the Registrar of Companies, Delhi & Haryana. The name of the Company was subsequently changed to `Sanstar Limited', pursuant to resolution passed by the board of directors on March 9, 2012 and approved by the shareholders in their EGM held on March 16, 2012 and a fresh certificate of incorporation dated April 2, 2012, consequent upon change of name was issued by the Registrar of Companies, Delhi & Haryana.
The Global maize based speciality products and ingredients solutions industry is estimated to be valued at $ 45,195 million in calendar year 2023 and is estimated to grow to $ 58,021 million in calendar year 2029. Similarly, the Indian industry is estimated to be valued at $ 3,121 million in calendar year 2023 and is estimated to grow to $ 4,210 million in calendar year 2029.
Sanstar Limited is one of the major manufacturers of plant based speciality 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.
Peer Comparison:
- Gujarat Ambuja Exports Ltd
- Gulshan Polyols Ltd
- Sukhjit Starch & Chemicals Ltd
Sanstar Ltd IPO Key Points
Strengths
- One of the largest manufacturers of maize based speciality products and ingredient solutions in India with diverse product portfolio.
- Speciality products and ingredients solutions player catering to diverse industry segments and poised to benefit; from mega industrial trends.
- Its strategically located, sustainability driven, state of the art manufacturing facilities.
- Global presence in a market with high entry barriers.
- Strong financial growth alongwith robust performance metrics.
Risk
- Any fluctuations in the prices of its raw material may adversely affect the pricing of the company products and may have an impact on its business, results of operation, financial condition and cash flows.
- The company has not entered into any long term contracts with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability of such raw materials or its inability to leverage existing or new relationships with its suppliers could have an adverse effect on the company's business and results of operations.
- During the peak arrival season of maize harvesting, the Company procures and stores significant quantities of maize which is the primary raw material required for the manufacturing of the Company's products and for the purpose of doing the same significant amount of working capital is required. Its inability to meet the said working capital requirement during the peak harvesting season of maize may have an adverse effect on its results of operations and overall business.
Strategy
- Expand its manufacturing capacities to capture additional market share.
- Leverage its industry-leading capabilities by continuing to diversify its customer base and increase wallet share with existing customers.
- Increase its global footprint and augments growth in current geographies.
- Increase the revenue contribution from derivative products and scale up organic ingredients segment.
- Foray into manufacturing of Ethanol through leveraging its maize sourcing capabilities.
- One of the largest manufacturers of maize based speciality products and ingredient solutions in India with diverse product portfolio.
- Speciality products and ingredients solutions player catering to diverse industry segments and poised to benefit; from mega industrial trends.
- Its strategically located, sustainability driven, state of the art manufacturing facilities.
- Global presence in a market with high entry barriers.
- Strong financial growth alongwith robust performance metrics.
How To Apply for Sanstar Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.