Sanstar Limited

19 Jul 2024 - 23 Jul 2024 Individual Category Main Board NSE

Min Investment

₹14250

Price Band

₹90-₹95

Issue Size

375.9 lakhs
Equity Shares

Lot Size

150

IPO Dates
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19 Jul 2024

Open Date

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23 Jul 2024

Close Date

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24 Jul 2024

Allotment Date

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26 Jul 2024

Listing Date

Sanstar IPO is open for subscription starting Tuesday, July 19, 2024 and closing on Thursday, July 23, 2024. The price of this upcoming IPO is decided at Rs 90 to Rs 95 per share. The minimum lot size for the retail category is 150 shares. The minimum lot size for small NII is 15 lots consisting of 2,250 shares.  Meanwhile, the minimum lot for big non-institutional investors is 71 lots with 10,650 shares. The minimum investment required for retail category investors is Rs 14,250 (95 x 150 shares).  However, for small non-institutional investors, the minimum investment amount required is Rs 2,13,750 (95 x 2,250 shares); for big non-institutional investors, it is Rs 10,11,750 (95 x 10,650 shares).  Sanstar IPO is a book-built issue of Rs 510.15 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue size of Rs 4.18 crore equity shares amounting to Rs 397.10 crores. The offer for sale is of Rs 1.19 crores shares amounting to Rs 113.05 crores. The allotment for this IPO is expected to be finalised on Wednesday, July 24, 2024.  Sanstar Limited's IPO will be listed on both the exchanges BSE and NSE, and the listing date is fixed for Friday, July 26, 2024. Pantomath Capital Advisors Private Limited is the book-running lead manager of Sanstar Limited. Link Intime India Limited is the registrar for this new IPO.

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About Sanstar Limited

Sanstar Limited was founded in 1982, manufactures specialty plant-based products and ingredient solutions for food, pet food and other industrial applications in India. Sanstar product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and by-products such as germ, gluten, fiber and fortified proteins.  The company’s products are used in  food products as - ingredients, thickeners, stabilisers, sweeteners, emulsifiers, and additives. Pet food products- as nutritional ingredients. Other industrial products- as disintegrants, excipients, supplements, coating agents, binders, smoothing and flattering agents, and refining agents.  The company has two manufacturing facilities covering a total area of 10.68 million square feet at Dhule in the state of Maharashtra and Kutch in the state of Gujarat. 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.

Founded

1982

Managing Director

Gouthamchand Sohanlal Chowdhary

Parent Organization

IPO Objectives

The funds will be utilised for funding the capital expenditure requirements for the expansion of Dhule Factory. Also for the repayment of certain borrowings availed by the company, general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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