Sanstar Limited Founded in 1982, manufactures specialty plant-based products and ingredient solutions for food, pet food and other industrial applications in India.
The company’s 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.
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.
- 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 (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.
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.
Sanstar Limited IPO Tentative Timetable
| Particular | Date |
| IPO Open Date | 19 July 2024 |
| IPO Close Date | 23 July 2024 |
| Allotment Date | 24 July 2024 |
| IPO Listing Date | 26 July 2024 |
Sanstar Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 90 to Rs. 95 Per Equity Share |
| Market Lot | 150 Share |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 510 Crore. |
Sanstar Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 150 | Rs. 14250 |
| Maximum | 14 | 2100 | Rs. 199500 |
| Small HNI (Minimum) | 15 | 2250 | Rs. 213750 |
| Big HNI (Minimum) | 71 | 10650 | Rs. 1011750 |
Sanstar Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 527.57 | 368.35 | 207.45 |
| Total Revenue | 1081.68 | 1209.67 | 504.77 |
| Profit After Tax | 66.77 | 41.81 | 15.92 |
Company Promoters:
Gouthamchand Sohanlal Chowdhary, Sambhav Gautam Chowdhary, and Shreyans Gautam Chowdhary are the company’s promoters.
Objects of this Issue:
- 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.
- General Corporate Purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Sanstar Limited Sanstar House, near Parimal Under Bridge, Opp. Suvidha Shopping Centre, Paldi, Ahmedabad – 380 007 Phone: +91 79 26651819 Email: cs@sanstar.in Website: https://www.sanstar.in | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: sanstar.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
