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Open
19 Jul 2024
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Close
23 Jul 2024
3
Allotment
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Listing
Fri, Jul 26, 2024
Price Band
₹90 to ₹95
Issue Size
5,37,00,000 shares (agg. up to ₹510 Cr)
Lot Size
150 Shares
Listing Date
Fri, Jul 26, 2024
Latest GMP
₹25
Est. Gain
26.32%
✦ AI Insight
GMP Trend
26-07-2024₹25Est. ₹120+26.32%
25-07-2024₹24Est. ₹119+25.26%
24-07-2024₹34Est. ₹129+35.79%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 57.94x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 527.57 | 368.35 | 207.45 |
| Total Income | 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Aelea Commodities Ltd. | SME | ₹51.00 Cr | ₹95 | 11.62 | ₹173.25 | +82.37% | ₹147.25 (-0.57%) |
| TBI Corn Ltd. | SME | ₹44.94 Cr | ₹94 | 18.33 | ₹207.90 | +121.17% | ₹61.85 (-0.32%) |
| TGIF Agribusiness Ltd. | SME | ₹6.39 Cr | ₹93 | 13.58 | ₹142.50 | +53.23% | ₹102.00 (+6.25%) |
| Vishwas Agri Seeds Ltd. | SME | ₹25.80 Cr | ₹86 | 5.06 | ₹83.60 | -2.79% | ₹48.00 (-4.48%) |
| Harshdeep Hortico Ltd. | SME | ₹19.09 Cr | ₹45 | 0 | ₹66.50 | +47.78% | ₹81.55 (+0.55%) |
| Sameera Agro & Infra Ltd. | SME | ₹62.64 Cr | ₹180 | 15.11 | ₹171.00 | -5.00% | ₹5.05 (-1.94%) |
| Sheetal Universal Ltd. | SME | ₹23.80 Cr | ₹70 | 27.34 | ₹75.40 | +7.71% | ₹293.75 (-0.76%) |
| City Crops Agro Ltd. | SME | ₹15.00 Cr | ₹25 | 22.03 | ₹25.42 | +1.68% | ₹26.73 (+4.99%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirement for expansion of our Dhule Facility | 181.56 |
| 2 | Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company and; | 100.00 |
| 3 | General Corporate Purposes | 81.93 |
About Sanstar IPO
Founded in 1982, Sanstar Limited manufactures specialty plant-based products and ingredient solutions for food, pet food and other industrial applications in India. The company's product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and by-products such as germ, gluten, fiber and fortified proteins. These products are used in: Food products: as ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives (including in baked goods, confectionery, pasta, soups, ketchup, sauces, creams and desserts); Pet food products: as nutritional ingredients; and Other industrial products: as disintegrants, excipients, supplements, coating agents, binders, smoothing and flattering agents, and refining agents. The company has two manufacturing facilities covering a total area of 10.68 million square feet (approx 245 acres) at Dhule in the state of Maharashtra and Kutch in the state of Gujarat. With an installed capacity of 3,63,000 tons per annum (1,100 tons per day), the company is the fifth largest manufacturer of corn-based specialty products and ingredients in India. The company
Contact Details
Sanstar Ltd. AddressSanstar House, near Parimal Under BridgeOpp.Suvidha Shopping Centre, PaldiAhmedabad, Gujarat, 380007+91 79 26651819cs@sanstar.inVisit Website