/ 150 Shares
19-Jul-2024 - 23-Jul-2024
₹ 90 - ₹ 95
₹ 14250.00
150
53,700,000
Face Value - ₹ 2/- Per Share
Listing at NSE BSE
125,300 Application Required in Retail for 1 Time.
Registrar : Link Intime India Private Ltd
Fresh Issue of 41,800,000 Equity Shares and Offer for Sale of 11,900,000 Equity Shares
Category | % | Shares/Amount |
---|---|---|
QIB | 50% | 26,850,000 Shares Rs.255.08 Cr |
HNI 1 | 5% | 2,685,000 Shares Rs.25.51 Cr @ 1193 Form 1X |
HNI 2 | 10% | 5,370,000 Shares Rs.51.02 Cr @ 2387 Form 1X |
Retail | 35% | 18,795,000 Shares Rs.178.55 Cr @ 125300 Form 1X |
BRLMs: Pantomath Capital
Retail (Upto 2 Lakh) | HNI (2 Lakh to 10 Lakh) | HNI (Above 10 Lakh) |
---|---|---|
125300 Form 1X | 1193 Form 1X | 2387 Form 1X |
Category | Lots | Shares | Amount |
---|---|---|---|
Retail (Upto 2 Lakh) | 1 | 150 | ₹ 14,250 |
Retail (Upto 2 Lakh) | 14 | 2100 | ₹ 199,500 |
S-HNI (2 Lakh to 10 Lakh) | 15 | 2250 | ₹ 213,750 |
S-HNI (2 Lakh to 10 Lakh) | 70 | 10500 | ₹ 997,500 |
B-HNI (Above 10 Lakh) | 71 | 10650 | ₹ 1,011,750 |
23-Jul-2024 17:26
Category | Book Size | Subscription | No. of Times |
---|---|---|---|
QIB | 10,740,000 ₹ 102.03 Cr. | 1,564,582,800 ₹ 14863.54 Cr. | 145.68x |
HNI (<10 LAKH) | 2,685,000 ₹ 25.51 Cr. | 296,961,300 ₹ 2821.13 Cr. | 110.60x |
HNI2 (>10 LAKH) | 5,370,000 ₹ 51.02 Cr. | 802,484,550 ₹ 7623.60 Cr. | 149.44x |
RETAIL | 18,795,000 ₹ 178.55 Cr. | 255,262,950 ₹ 2425.00 Cr. | 13.58x |
Total | 37,590,000 | 2,919,291,600 | 77.66x |
Category | Book Size | Subscription | No. of Times |
---|---|---|---|
QIB | 10,740,000 ₹ 102.03 Cr. | 1,564,582,800 ₹ 14863.54 Cr. | 145.68x |
HNI (<10 LAKH) | 2,685,000 ₹ 25.51 Cr. | 296,961,300 ₹ 2821.13 Cr. | 110.60x |
HNI2 (>10 LAKH) | 5,370,000 ₹ 51.02 Cr. | 802,484,550 ₹ 7623.60 Cr. | 149.44x |
RETAIL | 18,795,000 ₹ 178.55 Cr. | 255,262,950 ₹ 2425.00 Cr. | 13.58x |
Total | 37,590,000 | 2,919,291,600 | 77.66x |
*Excluding Anchor
Total No. of Application Approx : ~2693321 (21.49 Appwise)
Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.
Incorporated on February 26, 1982, Sanstar Ltd is one of the manufacturers of plant-based specialty products and ingredients solutions in India for food, animal nutrition and other industrial applications. Promoted by Gautam Choudhary, Sanstar Group (SG) comprises of 2 entities, namely Sanstar Ltd and Sanstar Bio Polymers Ltd (SBPL). The group is engaged in manufacturing of maize based specialty products and ingredients solutions and its co-products such as Gluten, Germ and Bran. Sanstar Ltd and Sanstar Biopolymers Ltd, are merged on November 23, 2023.
Sanstar manufactures maize starch, dextrin, modified starches, liquid glucose, high maltose maize syrup, maltodextrin, dextrose monohydrate, sorbitol, gluten, germ and steep liquor. The products find application in Textiles, Paper, Pharmaceutical, Food, Adhesives, Animal Nutrition & many other industries. Noval application such as bio polymers, bioethanol, biomaterials, mock meats also boost the demand for starch.
Company’s manufacturing facilities are in Gujarat and Maharashtra which are the major states producing maize in India. Post the expansion, Sanstar will have aggregate capacity of 2,100 MTD and be 3rd largest player in maize base speciality products and ingredient solutions providers industry.
Sanstar sources its maize through various channels, including mandi procurement, local stock houses, and direct farmer buying. This multifaceted approach allows Sanstar to ensure a consistent supply of high-quality maize while supporting local farmers and communities.
Sanstar has a reputed clientele of companies such as AB Mauri, ITC, Capital Foods, Hindustan Unilever, Godrej Agrovet and Zydus wellness in domestic market. Sanstar has a strong presence in states of Maharashtra, Gujarat, and Andhra Pradesh.
Sanstar is making strides in markets of Telangana, Tamil Nadu, Madhya Pradesh, and Bihar. In exports markets, Sanstar supplies starch and other products to ~49 countries with Malaysia, Kenya and Vietnam being the top importers.
Competitive Strength
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;
Strategically located, sustainability driven, state of the art manufacturing facilities
Global presence in a market with high entry barriers
Strong financial growth along-uswith 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.
Business Strategies
Expand the manufacturing capacities to capture additional market share;
Leverage the industry-leading capabilities by continuing to diversify the customer base and increase wallet share with existing customers;
Increase the global footprint and augments growth in current geographies;
Increase the revenue contribution from derivative products and scale up organic ingredients segment;
Foray into manufacturing of Ethanol through leveraging the maize sourcing capabilities.
Gouthamchand Sohanlal Chowdhary is the Chairman and Managing Director of the company. Sambhav Gautam Chowdhary is the Joint Managing Director and one of the Promoters of the company. Shreyans Gautam Chowdhary is the Joint Managing Director and one of the Promoters of the company. Sejal Ronak Agrawal is an Independent Director of the company. Atul Agrawal is an Independent Director of the company. Aniket Sunil Talati is an Independent Director of the company. Harishkumar Shisupaldas Maheshw
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 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:
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