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IPO Status: Listed [19th Jul 2024 to 23rd Jul 2024]
Sanstar IPO, a Mainline IPO of ₹510.15 Cr was launced on 19-07-2024 to 23-07-2024 and the shares got listed on BSE, NSE on 26-07-2024.
The public issue of Sanstar IPO (SANSTAR,544217) was offered at ₹95.00 per share and the ipo was listed at ₹109.00. It has delivered listing gain of 14.74%.
As the minimum lot size was 150 shares, the IPO has offered Rs 2100.00 per lot return on listing.
| IPO Issue Opening Date: | 19th Jul 2024 |
| IPO Issue Closing Date: | 23rd Jul 2024 |
| IPO Issue Price: | ₹90.00-95.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹510.15 Cr |
| Offer for Sale: | ₹113.05 Cr |
| Fresh Issue: | ₹397.10 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.77% |
| Promoter Holding Post IPO: | 70.37% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544217 |
| NSE Code: | SANSTAR |
Get important updates regarding Sanstar IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 24th Jul 2024 |
| Refunds Initiation* | 25th Jul 2024 |
| Credit of Shares to Demat* | 25th Jul 2024 |
| IPO Listing Date* | 26th Jul 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹90.00-95.00 |
| Market Lot: | 150 Shares |
| 1 Lot Amount: | ₹14250 |
| Min Small HNI Lots(2-10 Lakh): | 2250 shares (15 lots) - ₹213750 |
| Min Big HNI Lots(10+ Lakh): | 10650 shares (71 lots) - ₹1011750 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-07-2024 | 95.00 | 25 | 2800/42000 | ₹120 (26.32%) | 26-Jul-2024 10:27 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Founded in 1982, Sanstar Limited is one of India's largest manufacturers of speciality herbal products and ingredients for food, pet food, and other industrial applications. The company's products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native corn starch, modified corn starch and by-products such as germ, gluten, fibre and fortified proteins.
The company's speciality products and ingredient solutions are suitable for :
The company's two manufacturing facilities, spread over a total area of 10.68 million square feet (approximately 245 acres), are located at Dhule in the state of Maharashtra and Kutch in the state of Gujarat. The Dhule plant is the latest sustainability-focused, state-of-the-art, automated plant developed by an in-house team of 24 engineers.
| Incorporation | Sector | IPO Issue Size | Website |
| 1982 | Other Agricultural Products | ₹510.15 Cr | https://www.sanstar.in/ |
The Net Proceeds of the Fresh Issue, i.e., Gross Proceeds of the Fresh Issue less the offer expenses apportioned to the Company are proposed to be utilized in the following manner:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 10,740,000 (28.57%) | 8,055,000 (21.43%) | 18,795,000 (50%) | 37,590,000 | |
| 1 | 19th Jul 2024 19:04 | 0.05x | 9.89x | 4.19x | 4.23x |
| 2 | 22nd Jul 2024 19:04 | 1.29x | 32.91x | 12.29x | 13.56x |
| 3 | 23rd Jul 2024 18:21 | 145.68x | 136.49x | 24.23x | 82.99x |
Sanstar Limited's revenue decreased by -10.58% and profit after tax (PAT) rose by 59.71% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 527.57 | 368.35 | 207.45 |
| Revenue | 1,081.68 | 1,209.67 | 504.77 |
| Profit After Tax | 66.77 | 41.81 | 15.92 |
| Net Worth | 215.91 | 149.28 | 48.97 |
| Reserves and Surplus | 225.18 | 158.41 | 55.69 |
| Total Borrowing | 127.64 | 111.70 | 85.22 |
| Amount in ₹ Crore | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sanstar Limited | 4.75 | 4.75 | 15.37 | 19.98 | 30.92 | Consolidated |
| Gujarat Ambuja Exports Ltd. | 7.54 | 7.54 | 60.37 | 18.65 | 12.49 | Consolidated |
| Gulshan Polyols Ltd. | 2.85 | 2.85 | 123.63 | 73.31 | 2.3 | Consolidated |
| Sukhjit Starch & Chemicals Ltd. | 31.98 | 31.98 | 321.75 | 15.01 | 9.94 | Consolidated |
Last Updated on 12-Aug-2024 16:07:57
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sanstar IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sanstar IPO with Zerodha.
Alternate approch to apply in Sanstar IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sanstar IPO Review and Important Updates
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To subscribe or apply in Sanstar IPO, you can use the following methods:
| Sanstar IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sanstar IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sanstar IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sanstar IPO. Most of the Syndicate Banks provide access to apply in Sanstar IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sanstar IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sanstar IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sanstar IPO Review and Important Updates
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Applying in Sanstar IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Sanstar IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Sanstar IPO, please refer article >> Link
Sanstar IPO Review and Important Updates
Steps to download the online application form for Sanstar IPO
Or
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Sanstar IPO is going to be list on 26-07-2024. NSE Code for Sanstar is SANSTAR. BSE Code for Sanstar is 544217.
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Sanstar IPO Allotment Date is 24-07-2024.
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Sanstar IPO share allotment date?Sanstar IPO allotment date?
