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    5. SANSTAR

    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

    View IPO Document

    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 2024₹95₹25₹120 (26.32%)
    25 Jul 2024₹95₹24₹119 (25.26%)
    24 Jul 2024₹95₹34₹129 (35.79%)
    23 Jul 2024₹95₹36₹131 (37.89%)
    22 Jul 2024₹95₹30₹125 (31.58%)
    21 Jul 2024₹95₹30₹125 (31.58%)
    20 Jul 2024₹95₹32₹127 (33.68%)
    19 Jul 2024₹95₹35₹130 (36.84%)
    18 Jul 2024₹95₹37₹132 (38.95%)
    17 Jul 2024₹95₹41₹136 (43.68%)
    16 Jul 2024₹95₹43₹138 (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