Sanstar IPO GMP Today, Sanstar IPO Grey Market Premium Updates |
Sanstar IPO, Latest target, Opening gain
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; and
- Other industrial products: as disintegrants, excipients, supplements, coating agents, binders, smoothing and flattering agents, and refining agents.
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.
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.
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.
Sanstar IPO Details:
| Issuer | Sanstar IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 19 July 2024 | |
| Issue Closes: 23 July 2024 | ||
| Price Brand | ₹90 to ₹95 per share | |
| Issue Size | ₹510.15 Cr | |
| Face Value | ₹2 per share | |
| Market Lot | 150 Shares | |
| Retail (Max) | ₹199,500 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 53,700,000 shares | |
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Sanstar IPO GMP Rates day by day
Sanstar IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 150 | ₹14,250 |
| Retail (Max) | 14 | 2,100 | ₹199,500 |
| S-HNI (Min) | 15 | 2,250 | ₹213,750 |
| S-HNI (Max) | 70 | 10,500 | ₹997,500 |
| B-HNI (Min) | 71 | 10,650 | ₹1,011,750 |
Sanstar IPO Date, Allotment & Listing:
| Sanstar IPO Opening Date: | JULY 19, 2024 |
| Sanstar IPO Closing Date: | JULY 23, 2024 |
| Basis of Allotment: | JULY 24, 2024 |
| Initiation of Refunds: | JULY 25, 2024 |
| Credit to Demat Account: | JULY 25, 2024 |
| Listing Date: | JULY 23, 2024 |
Sanstar Limited Financial Information (Restated Consolidated)
Sanstar Limited’s revenue decreased by -10.58% and profit after tax (PAT) rose by 59.71% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 527.57 | 368.35 | 207.45 |
| Revenue | 1,081.68 | 1,209.67 | 504.77 |
| Profit After Tax | 66.77 | 41.81 | 15.92 |
| Net Worth | 215.91 | 149.28 | 48.97 |
| Reserves and Surplus | 225.18 | 158.41 | 55.69 |
| Total Borrowing | 127.64 | 111.70 | 85.22 |
| Amount in ₹ Crore | |||
Key Performance Indicator
The market capitalization of Sanstar IPO is Rs 1731.32 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 30.92% |
| ROCE | 24.43% |
| Debt/Equity | 0.5 |
| RoNW | 30.92% |
| P/BV | 6.18 |
| PAT Margin (%) | 6.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.75 | 3.66 |
| P/E (x) | 19.98 | 25.93 |
Objects of the Issue (Sanstar IPO Objectives)
The Net Proceeds of the Fresh Issue, i.e., Gross Proceeds of the Fresh Issue less the offer expenses apportioned to the Company are proposed to be utilized in the following manner:
- Funding the capital expenditure requirement for the expansion of the Dhule Facility;
- Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company, and;
- General Corporate Purposes.
SANSTAR IPO ALLOTMENT STATUS
How to Apply for Sanstar IPO?
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How to Apply Sanstar IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sanstar”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Sanstar IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sanstar”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
Sanstar IPO is a main-board initial public offering of 53,700,000 Equity shares of the face value of ₹2 aggregating up to ₹510.15 Crores. The issue price of the IPO is ₹90 to ₹95 Per Equity Share. The minimum order quantity is 150 Shares per application and the offer type is Book Built Issue. The IPO opens on July 19, 2024 and closes on July 23, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Sanstar IPO opens on July 19, 2024 and closes on July 23, 2024.
You can apply in Sanstar IPO online using either UPI or ASBA as payment method. Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Sanstar IPO, while Link Intime India Private Ltd is the registrar for the issue.
The finalization of Basis of Allotment for Sanstar IPO will be done on July 24, 2024, and the allotted shares will be credited to your demat account by July 25, 2024. Check the Sanstar IPO allotment status.
The Sanstar IPO listing date is not yet announced. The tentative date of Sanstar IPO listing is July 26, 2024.
Sanstar IPO lot size is 150 Shares and the minimum order quantity is 1 Shares.