Sanstar IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

Get everything you need to know about the Sanstar IPO. Explore Sanstar IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

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Status
Listed
Biding Dates
19 Jul - 23 Jul 2024
Price Range
₹ 90 - 95
Issue Size
₹ 510.15 crore
Listed Price
₹10914.74%

Overview

Sanstar Limited is a leading manufacturer of plant-based specialty products and ingredient solutions in India, catering to the food, animal nutrition, and various industrial applications. The company's diverse product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and co-products such as germs, gluten, fiber, and enriched protein. With a focus on innovation and quality, Sanstar Limited enhances the taste, texture, and functionality of its products to meet the specific needs of its customers across various sectors.

Key Points:

  • Product Portfolio:
    • Specializes in liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and co-products.
    • Products serve various applications in food as ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives.
    • Used in animal nutrition as nutritional ingredients and in industrial applications as disintegrants, excipients, supplements, coating agents, binders, and more.
  • Market Presence and Export:
    • Fifth largest manufacturer of maize-based specialty products in India with an installed capacity of 3,63,000 tons per annum (1,100 tons per day).
    • Exported products to 49 countries across Asia, Africa, the Middle East, Americas, Europe, and Oceania in Fiscal 2024.
    • Revenue from exports in Fiscal 2024 was ₹3,944.38 million, representing 35.53% of Gross Revenue from Operations.
  • Manufacturing Facilities:
    • Two state-of-the-art manufacturing facilities located in Dhule, Maharashtra, and Kutch, Gujarat.
    • The Dhule facility is a sustainability-focused, automated plant designed by an in-house team of 24 engineers.
    • Proximity to raw material sources and seaports for efficient supply chain management.
  • Geographical Sales:
    • Domestic Sales: ₹715.67 crore (64.47% of Gross Revenue from Operations in Fiscal 2024)
    • Export Sales: ₹394.44 crore (35.53% of Gross Revenue from Operations in Fiscal 2024)

IPO Docs

Objects of the Issue

  • Funding the capital expenditure requirement for expansion of company's Dhule Facility;
  • Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company
  • General Corporate Purposes.

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates19 Jul - 23 Jul 2024
IPO Price Band₹ 90 - 95 per share
Fresh Issue41,800,000 shares (₹ 397.10 crore)
Offer For Sale11,900,000 shares (₹ 113.05 crore)
Total IPO Size₹ 510.15 crore
Face Value₹ 2
Listing OnBSE, NSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date19 Jul 2024
IPO Closing Date23 Jul 2024
Basis Of Allotment24 Jul 2024
Refunds25 Jul 2024
Demat Transfer25 Jul 2024
IPO Listing Date26 Jul 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202131st March 202231st March 202331st March 2024
Total Income310.13504.771,209.671,081.68
Total Expenses293.72482.781,154.28991.96
Net Profit/Loss13.9315.9241.8166.77
NPM (*)4.493.153.466.17
Total Assets196.68207.45368.35527.57
Total Liabilities127.42122.24181.22273.81

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202131st March 202231st March 202231st March 2024
EPS0.941.082.984.75
ROE (%)42.1932.5128.0030.92
ROCE (%)20.9823.1923.8225.43
D/E Ratio1.471.000.600.50
Current Ratio1.501.321.401.44
EBITDA MARGIN (%)11.967.876.019.20

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Sanstar Limited1,067.2720.04.7530.9215.37
Gujarat Ambuja Exports Limited4,926.7018.657.5412.4960.37
Gulshan Polyols Limited1,377.9873.312.852.30123.63
Sukhjit Starch and Chemicals Limited1,375.3515.0131.989.94321.75

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)145.68
Non-Institutional Investor (NII/HNI)136.49
Retail Individual Investor (RII)24.23
Total82.99

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/

Company Promoters

  • GOUTHAMCHAND SOHANLAL CHOWDHARY
  • SAMBHAV GAUTAM CHOWDHARY
  • SHREYANS GAUTAM CHOWDHARY

Lead Managers

  • PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED

Company Address

Sanstar Limited

Sanstar House, near Parimal Under Bridge, opposite Suvidha Shopping Centre, Paldi, Ahmedabad – 380 007, Gujarat, India.

Phone: +91 79 26651819

Email: cs@sanstar.in

Website: https://www.sanstar.in

FAQs

  • What is the issue size of the Sanstar IPO?
    The Sanstar IPO has an issue size of ₹ 510.15 crore. This includes a fresh issue of 41,800,000 shares (₹ 397.10 crore) and an offer for sale (OFS) of 11,900,000 shares (₹ 113.05 crore).
  • What is the price band of the Sanstar IPO?
    The price band for the Sanstar IPO is ₹ 90 - 95 per share.
  • What are the bidding dates for the Sanstar IPO?
    The Sanstar IPO will open for bidding on 19 Jul 2024 and close on 23 Jul 2024.
  • What is the allotment date for the Sanstar IPO?
    The allotment date for the Sanstar IPO is 24 Jul 2024.
  • What is the listing date for the Sanstar IPO?
    The listing date for the Sanstar IPO is 26 Jul 2024.
  • What is the Sanstar IPO grey market premium?
    The grey market premium (GMP) for the Sanstar IPO is currently at ₹25, with an expected listing gain of approximately 26.32%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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