Sanstar IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sanstar

CMP

126.14

-1.42 (-1.11%)

  • DRHP
₹95

Offer Price

₹ 510.55 Cr

Issue Size

₹ 14,250

Min Investment

82.99x

Times Subscribed

150

Lot size

Time Line

  • 19
    Jul 2024
    Open
  • 23
    Jul 2024
    Close
  • 24
    Jul 2024
    Finalisation of Basis of Allotment
  • 25
    Jul 2024
    Initiation of Refunds
  • 25
    Jul 2024
    Transfer of Shares to Demat Account
  • 26
    Jul 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Expand its manufacturing capacities to capture additional market share.

  • Leverage its industry-leading capabilities by continuing to diversify its customer base and increase wallet share with existing customers.

  • Increase its global footprint and augments growth in current geographies.

  • Increase the revenue contribution from derivative products and scale up organic ingredients segment.

  • Foray into manufacturing of Ethanol through leveraging its maize sourcing capabilities.

Products & Services

  • Sanstar Limited is one of the major manufacturers of plant based speciality products and ingredient solutions in India.

Strengths

  • 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.

Risks

  • Any fluctuations in the prices of its raw material may adversely affect the pricing of the company products and may have an impact on its business, results of operation, financial condition and cash flows.

  • The company has not entered into any long term contracts with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability of such raw materials or its inability to leverage existing or new relationships with its suppliers could have an adverse effect on the company`s business and results of operations.

  • During the peak arrival season of maize harvesting, the Company procures and stores significant quantities of maize which is the primary raw material required for the manufacturing of the Company`s products and for the purpose of doing the same significant amount of working capital is required. Its inability to meet the said working capital requirement during the peak harvesting season of maize may have an adverse effect on its results of operations and overall business.

  • There are pending litigations involving the Company. Any unfavourable order or decision in such proceedings may render affect its results of operations.

  • The Company sells its products for specific use by certain industries. Any reduction in the demand or requirement of its products in such industries may result in loss of business and may affect its financial performance and condition.

Company Promoters

Promoters Holding

Issue For IPO
57.22%
Pre Holding

57.22%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 504.40 (-) 1,205.07 (138.90%) 1,067.27 (-11.40%)
Gross Profit 31.00 (-) 67.24 (116.90%) 101.82 (51.40%)
Net Income 15.92 (-) 41.81 (162.60%) 66.77 (59.70%)
Assets 170.53 (-) 298.93 (75.30%) 381.40 (27.60%)
Liabilities 85.32 (-) 111.80 (31.00%) 127.64 (14.20%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sanstar Ltd 1,067.27 66.77 381.40 127.64 30.92 4.75 15.49 2.07 0.33
Gujarat Ambuja Exports Ltd 4,926.70 345.86 3,309.77 3,309.77 12.49 7.54 60.48 10.44 0.07
Gulshan Polyols Ltd 1,377.98 17.76 1,156.44 1,156.44 3.00 2.85 94.65 1.53 0.59
Sukhjit Starch & Chemicals Ltd 1,375.35 49.96 1,021.70 1,021.70 9.93 31.98 321.76 4.89 0.65

Book Running Managers

  • Pantomath Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Sanstar House Opp Suvidha-,
Shopping Centre Paldi,
Ahmedabad - 380007
Phone : 91-79-2665 1819 Email : cs@sanstar.in www.sanstar.in

Offer Related Information

Initial public offer of 53,700,000 equity shares of face value Rs. 2/- each ("Equity Shares") of Sanstar Limited for cash at a price of Rs. 95/- per equity share (including a share premium of Rs. 93/- per equity share) (the "Offer Price"), aggregating to Rs. 510.55 crores comprising of a fresh issue of 41,800,000 equity shares aggregating to Rs. 397.10 crores by the company ("Fresh Issue") and an offer for sale of 11,900,000 equity shares aggregating to Rs. 113.05 crores comprising of 500,000... More

News

  • No Data Found.

Sanstar FAQ's

The shares of Sanstar were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Sanstar IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Sanstar public issue was 125 shares.

The price band of the IPO of Sanstar was Rs. 114 to Rs. 120 per equity share.

Sanstar IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Sanstar IPO.

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