Sanstar Ltd IPO
Price Range
₹90 - ₹95
-
Min. Quantity
150 Shares
Closes on
23 July 2024
-
Min. investment
₹14,250
Sanstar Ltd IPO Timeline
| Event | Date |
|---|---|
| Sanstar Ltd IPO Opening Date | 19 July 2024 |
| Sanstar Ltd IPO Closing Date | 23 July 2024 |
| Basis of Allotment | 24 July 2024 |
| Initiation of Refunds | 25 July 2024 |
| Credit of Shares to Demat | 25 July 2024 |
| Sanstar Ltd IPO Listing Date | 26 July 2024 |
Sanstar Ltd IPO Details
| Sanstar Ltd IPO Date | 19 July 2024 to 23 July 2024 |
| Sanstar Ltd IPO Face Value | ₹2 per share |
| Sanstar Ltd IPO Price | ₹90 to ₹95 per share |
| Sanstar Ltd IPO Lot Size | 150 |
| Issue Size | Shares of ₹2 (aggregating up to ₹510.55 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹397.1 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹113.05 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,07,40,000 of the Net Offer |
| Retail Shares Offered | Not less than 1,87,95,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 80,55,000 of the Net Offer |
| Company Promoters | Gouthamchand Sohanlal Chowdhar, Sambhav Gautam Ghowdhary, Shreyas Gautam Chowdhary |
Sanstar Ltd IPO Lot Size
The Sanstar Ltd IPO lot size is 150 shares. A retail-individual investor can apply for up to 14 lots (2,100 shares or ₹1,99,500).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 150 | ₹14,250 |
| Maximum | 14 | 2,100 | ₹1,99,500 |
- Strengths
- Risks
- Opportunities
- 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.
- Two Generations of Promoters with domain knowledge.
- Well positioned to leverage the large opportunities in speciality products and ingredient solutions industry.
- Large, diversified customer base with long lasting relationships.
Company Financials
Sanstar Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2025 | 757.53 | 971.45 | 43.80 |
| 03-2024 | 527.56 | 1,124.52 | 66.77 |
| 03-2023 | 256.51 | 760.88 | 40.74 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capita; expenditure requirement for expansion of its Dhule Facility
- Repayment and/or pre-payment in part or full of certain borrowings availed by the company
- General corporate purposes
Sanstar Ltd IPO Promoter Holding
| Pre Issue Share Holding | 10.89% |
| Post Issue Share Holding | 8.12% |
Sanstar Ltd IPO Subscription Status (Bidding Detail)
The Sanstar Ltd IPO is subscribed 82.99 times on 23 July 2024 05:00:00 PM. The public issue subscribed 24.23 times in the retail category, 145.68 times in the QIB category, and 136.5 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 145.68 | 136.5 | 24.23 | - | 82.99 |
Sanstar Ltd IPO Prospectus
Sanstar Ltd IPO Listing Date
| BSE Script | |
| NSE Symbol | |
| Listing In | BSE, NSE |
| ISIN | INE08NE01025 |
| IPO Price | ₹- |
| Face Value | ₹- |
Company Contact Information
Sanstar House Opp Suvidha-Shopping Centre Paldi,Ahmedabad-380007
Phone: 91-79-2665 1819
Email: cs@sanstar.in
Website: www.sanstar.in
Sanstar Ltd IPO Registrar
Sanstar Ltd IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd
How to Check the Allotment Status of Sanstar Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Sanstar Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Sanstar Ltd IPO
Sanstar Limited was originally incorporated as Continental Papers Limited', as a public limited company, pursuant to the certificate of incorporation dated February 26, 1982 issued by the Registrar of Companies, Delhi & Haryana. The Promoters acquired the entire shareholding, assets and liabilities of Continental Papers Limited of Continental Papers Limited pursuant to Agreement to sell and transfer dated February 22, 2012.