Sanstar Ltd IPO

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.

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50years

Sanstar Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 537 L₹ 119 L₹ 187.95 L₹ 803.66 LBSE₹ 510.15 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
19 Jul, 2423 Jul, 24150 ₹ 13,500 Book Building26 Jul, 24

Sanstar Ltd IPO Dates

  • 19 Jul 2024

    Opening date

  • 23 Jul 2024

    Closing date

  • 24 Jul 2024

    Basis of
    Allotment

  • 25 Jul 2024

    Initiation of
    Refunds

  • 25 Jul 2024

    Credit of
    Shares

  • 26 Jul 2024

    Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB58.27x268500001564582800
NII136.5x80550001099480050
Retail24.23x18795000455433300
Employee0x00
Total58.09x537000003119496150

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)FY23FY22FY21
Revenue from operations63.2931.0025.34
EBITDA72.6940.0234.27
PAT40.7415.9213.93
Total Assets94.8171.0055.72
Share Capital29.5029.5029.50
Total Borrowings97.8266.6076.70
Operating Activities (Net Cash)50.1424.9422.86
Investing Activities (Net Cash)-0.91-3.27-0.51
Financing Activities (Net Cash)97.8266.6076.70
Net Cashflow6.381.810.47

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.

Get your FAQs right

Sanstar Ltd's IPO offers shares for up to ₹ 0 L It begins on Jul 19, 2024 and ends on Jul 23, 2024.

The price of Sanstar Ltd IPO ranges between ₹90 to ₹95 per share.

The Sanstar Ltd IPO opens on Jul 19, 2024 and closes on Jul 23, 2024.

The allotment for the Sanstar Ltd IPO will be finalised on Jul 24, 2024. The shares will be listed on BSE and NSE on Jul 26, 2024.

The minimum lot size for Sanstar Ltd IPO is 150 shares, priced between ₹90 to ₹95 per share.

The GMP (Grey Market Premium) of Sanstar Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Sanstar Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Sanstar Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 19, 2024, and closes on Jul 23, 2024. The allotment is finalised on Jul 24, 2024.

To apply for the Sanstar Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.