247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Sanstar Limited IPO (Sanstar IPO) Details

Sanstar Limited is an Agro based company, located in Ahmedabad, Sanstar Limited IPO size was 510.15 Cr. and was issued at 95.00 per share. The share of Sanstar Limited were listed at 115.09 per share and are currently trading at 115.40 per share.

Type :
Sub Sector : Food Animal Nutrition And Other
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
1081.68 Cr.

PAT :
66.77 Cr.

Pricing Report

Issue Price :
95.00

Listing Price :
115.09

Current Market Price :
115.40

Issue Price vs CMP :
20.4 (21.47%)

listing Price vs CMP :
0.31 (0.27%)

Performance Report (CAGR* wise)

CAGR : 48.69
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Sanstar

Company Information
Sanstar Limited is one of the major manufacturers of plant-based specialty products and ingredient solutions in India for food, animal nutrition, and other industrial applications, as per the Company Commissioned Frost & Sullivan Report dated December 30, 2023. Its product range includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native and modified maize starches, and co-products like germs, gluten, fiber, and enriched protein. These specialty products enhance taste, texture, nutrients, and functionality in foods (acting as ingredients, thickening agents, stabilizers, sweeteners, emulsifiers, and additives for items like bakery products, confectionery, sauces, creams, and desserts), animal nutrition (as nutritional ingredients), and industrial applications (as disintegrants, excipients, supplements, binders, smoothing agents, and more). With an installed capacity of 3,63,000 tons per annum (1,100 tons
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Object of Issue
  • Funding the capital expenditure requirement for the expansion of the Dhule Facility
  • Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company, and
  • General Corporate Purposes

Sanstar MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Jul, 2024
IPO Size :
510.15 Cr.
Market Cap :
1731.32 Cr.   
IPO Subscription :
82.99 X     
PE Multiple :
25.93
IPO Registrar:
Link Intime India Private Limited

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FAQs

Sanstar operates in Agro and Food Animal Nutrition And Other. The Issue is listed on MainBoard in Jul, 2024. Sanstar IPO size was 510.15 Cr. with Issue price of 95.00 .

Merchant Banker(s) of Sanstar IPO: Pantomath Capital Advisors Private Limited

Sanstar IPO subscription was 82.99 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Sanstar IPO listed at a listing price of 115.09 against the offer price of 95.00.

The current market price of Sanstar is 115.40.

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