Sanstar Ltd

Miscellaneous

Offer Period :

19th to 7th Jul 2024

Sanstar Limited is likely a company operating within a specific industry, but details are not provided. It could be involved in manufacturing, trading, or providing services.  Read more... Specific products, services, and market presence may vary based on the company's operations.Read less

Sanstar Ltd IPO Details

IPO Date 19th to 7th Jul 2024 Minimum Investment ₹14250 / 1 Lots
Listing Date 2024-07-26 Maximum Investment ₹199500 / 14 Lots
Face Value ₹2 per share Total Issue Size ₹510.15 Crores
Price ₹90 to ₹95 per share Fresh Issue ₹397.1 Crores
Lot Size 1 Lots (150 Shares) Offer For Sale ₹ 113.05
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 19th to 7th Jul 2024
Listing Date 2024-07-26
Face Value ₹2 per share
Price ₹90 to ₹95 per share
Lot Size 1 Lots (150 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14250 / 1 Lots
Maximum Investment ₹199500 / 14 Lots
Total Issue Size ₹510.15 Crores
Fresh Issue ₹397.1 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

19th Jul

IPO Starts

23rd Jul

IPO Ends

24th Jul

Allotment Date

25th Jul

Initiation of Refund

25th Jul

Credit of Shares to Demat Account

26th Jul

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 57.22 0
Public Group 42.78 100

Sanstar Ltd IPO Reservation

QIB Shares Offered 10740000(20%)
NII (HNI) Shares Offered 8055000(15%)
Retail Shares Offered 18795000(35%)
Anchor Investor Shares Offered 16110000(30%)
Total Shares Offered 53700000
Total Shares With Anchor Investor 53700000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Sanstar Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 8108114949
Email Id sanstar.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Sanstar Ltd IPO Lead Manager

1. Pantomath Capital Advisors Pvt Ltd

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Sanstar Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Sanstar Ltd

1. One of the largest manufacturers of maize based speciality products and ingredient solutions in India with diverse product portfolio.

2. Speciality products and ingredients solutions player catering to diverse industry segments and poised to benefit; from mega industrial trends.

3. Its strategically located, sustainability driven, state of the art manufacturing facilities.

4. Global presence in a market with high entry barriers.

5. Strong financial growth alongwith robust performance metrics.

6. Two Generations of Promoters with domain knowledge.

7. Well positioned to leverage the large opportunities in speciality products and ingredient solutions industry.

8. Large, diversified customer base with long lasting relationships.

Risks Involved

1. 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.

2. 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.

3. 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.

4. There are pending litigations involving the Company. Any unfavourable order or decision in such proceedings may render affect its results of operations.

5. The Company sells its products for specific use by certain industries. Any reduction in the demand or requirement of its products in such industries may result in loss of business and may affect its financial performance and condition.

6. Its proposed plans with respect to funding the capital expenditure requirement for expansion of the Dhule Facility are subject to the risk of unanticipated delays in obtaining approvals, implementation and cost overruns which may adversely affect its business and results of operations.

7. Any slowdown or shutdown of its manufacturing operations at the company Manufacturing Facilities could have an adverse effect on its business, financial condition and results of operations.

8. The Company in the usual course of business does not have any long term contracts with its customers and the company relies on purchase orders for delivery of its products and the company customers may cancel or modify their orders, change quantities, delay or change their sourcing strategy. Loss of one or more of its top customers or a reduction in their demand for the company products or reduction in revenue derived from them may adversely affect its business, results of operations and financial condition.

9. The Company exports its products to various geographies across the globe. Its products may be subject to import duties or restrictions of the relevant geographies. Additionally, any adverse fluctuation in foreign exchange rate, unavailability of any fiscal benefits or its inability to comply with related requirements may have an adverse effect on its business and results of operations.

10. The company has not yet placed purchase orders or entered into any memorandum of understanding for the majority portion of requirement of the plant and machinery in relation to the proposed expansion of its Dhule Facility. In the event of any delay in placing the balance purchase orders, or in the event the sellers are not able to provide the equipment/machineries or execute the civil building and construction work in a timely manner, or at all, the same may result in time and cost over-runs.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 527.57 368.35 207.45
Total Liabilities 527.57 368.35 207.45
Total Expenses 991.96 1154.28 482.78
Total Revenue 
1081.68 1209.67 504.77
Profit After Tax 66.77 41.81 15.92
EBITDA 112.55 77.05 40.08
Adjusted EBITDA 0 0 0

Sanstar Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-07-26 0 -
INE08NE01025
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹90 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Sanstar Ltd IPO?

Answer Field

Sanstar Ltd IPO is a Mainboard IPO of 5,37,00,000 equity shares of a face value of ₹2 aggregating up to ₹510.15 Crores. The issue is priced at ₹90 to ₹95 per share. The minimum order quantity is 150 Shares. The IPO opens on July 19, 2024, and closes on July 23, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Sanstar Ltd IPO will open?

Answer Field

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

What is the lot size of Sanstar Ltd?

Answer Field

Sanstar Ltd lot size is 150 shares, and the minimum amount required is ₹14,250.

How to apply for Sanstar Ltd IPO?

Answer Field

You can apply in Sanstar Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Sanstar Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Sanstar Ltd IPO will be done on July 24, 2024, and the allotted shares will be credited to your demat account by July 25, 2024.

When is Sanstar Ltd IPO listing date?

Answer Field

The Sanstar Ltd listing date is July 26, 2024.

Who is the registrar of Sanstar Ltd IPO?

Answer Field

The registrar of Sanstar Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Pantomath Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Sanstar Ltd IPO?

Answer Field

The fresh issue size is ₹397.1 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Sanstar Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 150 shares and ₹14,250 amount.

How can I approve the UPI mandate request for Sanstar Ltd IPO?

Answer Field

To apply for Sanstar Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Sanstar Ltd?

Answer Field

The price of each Sanstar Ltd share will be ranging in between ₹90 to ₹95 per share.

What is the cut-off time for the UPI mandate for Sanstar Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, July 23, 2024.

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