Sanstar IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Sanstar IPO. Explore Sanstar IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
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)
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.
| Fields | Details |
|---|---|
| IPO Dates | 19 Jul - 23 Jul 2024 |
| IPO Price Band | ₹ 90 - 95 per share |
| Fresh Issue | 41,800,000 shares (₹ 397.10 crore) |
| Offer For Sale | 11,900,000 shares (₹ 113.05 crore) |
| Total IPO Size | ₹ 510.15 crore |
| Face Value | ₹ 2 |
| Listing On | BSE, 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.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Jul 2024 |
| IPO Closing Date | 23 Jul 2024 |
| Basis Of Allotment | 24 Jul 2024 |
| Refunds | 25 Jul 2024 |
| Demat Transfer | 25 Jul 2024 |
| IPO Listing Date | 26 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 310.13 | 504.77 | 1,209.67 | 1,081.68 |
| Total Expenses | 293.72 | 482.78 | 1,154.28 | 991.96 |
| Net Profit/Loss | 13.93 | 15.92 | 41.81 | 66.77 |
| NPM (*) | 4.49 | 3.15 | 3.46 | 6.17 |
| Total Assets | 196.68 | 207.45 | 368.35 | 527.57 |
| Total Liabilities | 127.42 | 122.24 | 181.22 | 273.81 |
* 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2022 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.94 | 1.08 | 2.98 | 4.75 |
| ROE (%) | 42.19 | 32.51 | 28.00 | 30.92 |
| ROCE (%) | 20.98 | 23.19 | 23.82 | 25.43 |
| D/E Ratio | 1.47 | 1.00 | 0.60 | 0.50 |
| Current Ratio | 1.50 | 1.32 | 1.40 | 1.44 |
| EBITDA MARGIN (%) | 11.96 | 7.87 | 6.01 | 9.20 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Sanstar Limited | 1,067.27 | 20.0 | 4.75 | 30.92 | 15.37 |
| Gujarat Ambuja Exports Limited | 4,926.70 | 18.65 | 7.54 | 12.49 | 60.37 |
| Gulshan Polyols Limited | 1,377.98 | 73.31 | 2.85 | 2.30 | 123.63 |
| Sukhjit Starch and Chemicals Limited | 1,375.35 | 15.01 | 31.98 | 9.94 | 321.75 |
* 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 145.68 |
| Non-Institutional Investor (NII/HNI) | 136.49 |
| Retail Individual Investor (RII) | 24.23 |
| Total | 82.99 |
* 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.