Sanstar Limited

CLOSED

IPO Date: 19 Jul - 23 Jul 2024

Listing Date: 26 Jul 2024

Price Range

₹90 to ₹95 per share

Issue Size

510.15 Cr

Min Investment

13,500

Lot Size

150 Shares

Schedule of Sanstar Limited

Issue open date

19 Jul 2024

Issue close date

23 Jul 2024

UPI mandate deadline

23 Jul 2024 (5 PM)

Allotment finalization

24 Jul 2024

Share credit

25 Jul 2024

Listing date

26 Jul 2024

Mandate end date

7 Aug 2024

Issue size

Funds Raised in the IPOAmount
Overall510.15 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date24 Jul 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
26 Jul 20249525120 (26.32%)
25 Jul 20249524119 (25.26%)
24 Jul 20249534129 (35.79%)
23 Jul 20249536131 (37.89%)
22 Jul 20249530125 (31.58%)
21 Jul 20249530125 (31.58%)
20 Jul 20249532127 (33.68%)
19 Jul 20249535130 (36.84%)
18 Jul 20249537132 (38.95%)
17 Jul 20249541136 (43.68%)
16 Jul 20249543138 (45.26%)

Performance Sanstar Limited

Issue PriceListing GainCurrent Market PriceP/L
₹90 to ₹95 per share 204 (21.13%) 95.730.77%

About Sanstar Limited

Founded in 1982, Sanstar Limited 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 agentsThe 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.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.

Founded in1982
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)145.68
      Non-Institutional Investors (NIIs)136.49
      Retail Individual Investors (RIIs)24.23
      EmployeeN/A
      Total82.99