Sanstar Ltd

Sanstar Ltd IPO

Sanstar Ltd IPO Price Range is ₹90 - 95, with a minimum investment of ₹14,250 for 150 shares.

₹14,250

/ 150 shares

Minimum Investment

View Sanstar Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹90 - 95

Open Date

2024-07-19

Close Date

2024-07-23

IPO Size

₹510.15 Cr

Lot Size

150 shares

Min Investment

₹14,250

Listing Exchange

NSE

Sanstar Ltd IPO Application Timeline

passed
Open Date19 Jul 2024
passed
Close Date23 Jul 2024
passed
Allotment Date24 Jul 2024
passed
Listing Date26 Jul 2024

IPO Subscription Status

IPO subscribed over

🚀 82.99x

This IPO has been subscribed by 24.23x in the retail category and 145.68x in the QIB category.

Subscription Rate

Total Subscription82.99x
Retail Individual Investors24.23x
Qualified Institutional Buyers145.68x
Non Institutional Investors136.5x
NameSanstar Ltdx

Strengths and Risks

Strengths

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.

  • 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.


Risks

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 companys 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 Companys 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 orrequirement of its products in such industries may result in loss of business and may affect its financial performance and condition.

  • Its proposed plans with respect to funding the capital expenditure requirement for expansion of the Dhule Facility are subject to the risk of unanticipated delays in obtaining approvals, implementation and cost overruns which may adversely affect its business and results of operations.

  • Any slowdown or shutdown of its manufacturing operations at the company Manufacturing Facilities could have an adverse effect on its business, financial condition and results of operations.

  • The Company in the usual course of business does not have any long term contracts with its customers and the company relies on purchase orders for delivery of its products and the company customers may cancel or modify their orders, change quantities, delay or change their sourcing strategy. Loss of one or more of its top customers or a reduction in their demand for the company products or reduction in revenue derived from them may adversely affect its business, results of operations and financial condition.

  • The Company exports its products to various geographies across the globe. Its products may be subject to import duties or restrictions of the relevant geographies. Additionally, any adverse fluctuation in foreign exchange rate, unavailability of any fiscal benefits or its inability to comply with related requirements may have an adverse effect on its business and results of operations.

  • The company has not yet placed purchase orders or entered into any memorandum of understanding for the majority portion of requirement of the plant and machinery in relation to the proposed expansion of its Dhule Facility. In the event of any delay in placing the balance purchase orders, or in the event the sellers are not able to provide the equipment/machineries or execute the civil building and construction work in a timely manner, or at all, the same may result in time and cost over-runs.

How to Apply for Sanstar Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Sanstar Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Sanstar Ltd

Sanstar Limited is one of the major manufacturers of plant based speciality products and ingredient solutions in India for food, animal nutrition and other industrial applications. Its products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches and co-products like germs, gluten, fiber and enriched protein, amongst others.

Frequently Asked Questions of Sanstar Ltd IPO

What is the size of the Sanstar Ltd IPO?

The size of the Sanstar Ltd IPO is ₹510.15 Cr.

What is the allotment date of the Sanstar Ltd IPO?

Sanstar Ltd IPO allotment date is Jul 24, 2024 (tentative).

What are the open and close dates of the Sanstar Ltd IPO?

The Sanstar Ltd IPO will open on Jul 19, 2024 and close on Jul 23, 2024

What is the lot size of Sanstar Ltd IPO?

The lot size for the Sanstar Ltd IPO is 150.

When will my Sanstar Ltd IPO order be placed?

Your Sanstar Ltd IPO order will be placed on Jul 19, 2024

Can we invest in Sanstar Ltd IPO?

Yes, once Sanstar Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Sanstar Ltd IPO?

The potential listing gains on the Sanstar Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Sanstar Ltd IPO?

'Pre-apply' for Sanstar Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.