Sanstar IPO Overview
Company Overview
Sanstar Limited, founded in 1982, is a leading manufacturer of speciality plant-based products and ingredient solutions in India. The company has its headquarters and two manufacturing facilities in Dhule and Kutch, covering a total area of 10.68 million square feet (approximately 245 acres).
Product Portfolio
Sanstar Limited offers a diverse range of products, including liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and various by-products such as germ, gluten, fiber, and fortified proteins. These products cater to various industries, including food, pet food, and other industrial applications. Applications
Food Products: Ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives for baked goods, confectionery, pasta, soups, ketchup, sauces, creams, and desserts.
Pet Food Products: Nutritional ingredients.
Industrial Products: Disintegrants, excipients, supplements, coating agents, binders, smoothing and flattering agents, and refining agents.
Global and Domestic Reach
Sanstar Limited exports its products to 49 countries across Asia, Africa, the Middle East, America, Europe, and Oceania. Domestically, the company has a pan-India presence, with products sold in 22 states.
Promoter Holding
Promoters: Gouthamchand Sohanlal Chowdhary, Sambhav Gautam Chowdhary, and Shreyans Gautam Chowdhary
Pre-Issue Share Holding: 99.77%
Post-Issue Share Holding: 70.37%
Objects of the Issue
The net proceeds from the fresh issue will be utilized for:
Funding Capital Expenditure for expansion.
Repayment and Pre-payment of Borrowings.
General Corporate Purposes.
Sanstar IPO: Key Details
IPO Dates: 19 to 23 July, 2024
Price Band : ₹90 to ₹95 per share
Lot Size: 150 shares
Total Issue size: ₹510.15 Crores
Retail Quota: 35%
GMP: 30% ( For Informational purposes only )
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