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
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
Funds Raised in the IPO | Amount |
---|---|
Overall | 510.15 Cr |
Fresh Issue | 0 Cr |
Offer for Sale | 0 Cr |
Allotment Timeline | Details |
---|---|
Allotment Date | 24 Jul 2024 |
Allotment Link | {Link} |
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.
Date | Ipo Price | GMP | Estimated 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%) |
Issue Price | Listing Gain | Current Market Price | P/L |
---|---|---|---|
₹90 to ₹95 per share | ₹ 204 (21.13%) | ₹ 95.73 | 0.77% |
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 in | 1982 |
Managing director | |
Parent organization |
Category | Subscription (No. of times) |
---|---|
Qualified Institutional Buyers (QIBs) | 145.68 |
Non-Institutional Investors (NIIs) | 136.49 |
Retail Individual Investors (RIIs) | 24.23 |
Employee | N/A |
Total | 82.99 |