Sanstar Ltd
Price Range
₹90 - ₹95
Min. Quantity
150
Closes on
23 July 2024
Min. investment
₹14,250/2,100 Shares
Sanstar Ltd IPO Timeline
Sanstar Ltd was originally incorporated as Continental Papers Limited' under the Companies Act, 1956, as a public limited company, pursuant to the certificate of incorporation dated February 26, 1982 issued by the Registrar of Companies, Delhi & Haryana. The Promoters acquired the entire shareholding, assets and liabilities of Continental Papers Limited of Continental Papers Limited pursuant to Agreement to sell and transfer dated February 22, 2012. Thereafter, the name of the Company was changed to Sanstar Limited', pursuant to resolution passed by the board of directors on March 9, 2012 and approved by the shareholders in their EGM held on March 16, 2012. A fresh certificate of incorporation dated April 2, 2012, consequent upon change of name was issued to the Company by the Registrar of Companies, Delhi & Haryana. Subsequently, pursuant to a Scheme of Amalgamation entered into between the Company and Sanstar Biopolymers Limited (Transferor Company') under Section 232 of the Companies Act, 2013 and approved by the NCLT, Ahmedabad vide order dated November 23, 2023, the Transferor Company' Undertaking was merged into the Company as a going concern.
| Event | Date |
|---|---|
| Sanstar Ltd IPO Opening Date | 19 July 2024 |
| Sanstar Ltd IPO Closing Date | 23 July 2024 |
| Basis of Allotment | 24 July 2024 |
| Initiation of Refunds | 25 July 2024 |
| Credit of Shares to Demat | 25 July 2024 |
| Sanstar Ltd IPO Listing Date | 26 July 2024 |
Sanstar Ltd IPO Details
| Sanstar Ltd IPO Date | 19 July 2024 to 23 July 2024 |
| Sanstar Ltd IPO Face Value | ₹2 per share |
| Sanstar Ltd IPO Price | ₹90 to ₹95 per share |
| Sanstar Ltd IPO Lot Size | 150 |
| Issue Size | Shares of ₹2 (aggregating up to ₹510.55 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹397.1 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹113.05 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,07,40,000 of the Net Offer |
| Retail Shares Offered | Not less than 1,87,95,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 80,55,000 of the Net Offer |
| Company Promoters | Gouthamchand Sohanlal Chowdhar, Sambhav Gautam Ghowdhary, Shreyas Gautam Chowdhary |
Sanstar Ltd IPO Lot Size
The Sanstar Ltd IPO lot size is 150 shares. A retail-individual investor can apply for up to 14 lots (2,100 shares or ₹1,99,500).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 150 | ₹14,250 |
| Maximum | 14 | 2,100 | ₹1,99,500 |
- Strengths
- Risks
- Opportunities
- One of the largest manufacturers of maize based speciality products and ingredient solutions in India with diverse product portfolio.
- Speciality products and ingredients solutions player catering to diverse industry segments and poised to benefit; from mega industrial trends.
- Its strategically located, sustainability driven, state of the art manufacturing facilities.
- Global presence in a market with high entry barriers.
- Strong financial growth alongwith robust performance metrics.
- Two Generations of Promoters with domain knowledge.
- Well positioned to leverage the large opportunities in speciality products and ingredient solutions industry.
- Large, diversified customer base with long lasting relationships.
Company Financials
Sanstar Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 256.51 | 760.88 | 40.74 |
| 03-2022 | 207.45 | 504.77 | 15.92 |
| 03-2021 | 196.68 | 317.6 | 14.07 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capita; expenditure requirement for expansion of its Dhule Facility
- Repayment and/or pre-payment in part or full of certain borrowings availed by the company
- General corporate purposes
Sanstar Ltd IPO Promoter Holding
| Pre Issue Share Holding | 10.89% |
| Post Issue Share Holding | 8.12% |
Sanstar Ltd IPO Subscription Status (Bidding Detail)
The Sanstar Ltd IPO is subscribed 82.99 times on 23 July 2024 05:00:00 PM. The public issue subscribed 24.23 times in the retail category, 145.68 times in the QIB category, and 136.5 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 145.68 | 136.5 | 24.23 | - | 82.99 |
Sanstar Ltd IPO Prospectus
Sanstar Ltd IPO Listing Date
| Listing Date | 26 July 2024 |
| BSE Script | 544217 |
| NSE Symbol | SANSTAR |
| Listing In | BSE, NSE |
| ISIN | INE08NE01025 |
| IPO Price | ₹95 |
| Face Value | ₹2 |
Company Contact Information
Sanstar House Opp Suvidha-Shopping Centre Paldi,Ahmedabad-380007
Phone: 91-79-2665 1819
Email: cs@sanstar.in
Website: www.sanstar.in
Sanstar Ltd IPO Registrar
Sanstar Ltd IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd
FAQ
What is the issue size of Sanstar Ltd IPO?
I have pre-applied for Sanstar Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.