Sanstar Ltd. IPO

Sanstar Limited is a leading manufacturer of plant-based specialty products and ingredients in India. They offer a variety of starches, sweeteners, and other ingredients used in food, animal feed, and industrial applications. With a presence in 49 countries, they are a recognized Two Star Export House. Sanstar has two strategically located manufacturing facilities totaling 245 acres and implements sustainable practices. Their certifications include ISO and FSSAI, ensuring food safety and quality.

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Sanstar Ltd. IPO Details

Check out the issue details for Sanstar Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 95

Price Band

₹ 90 - 95

Issue Size

510.15 Cr.

Issue Type

Book Built

Open

2024-07-19

Close

2024-07-23

Listing price

₹ 109

Listing Gain

14.74%

Listing Date

2024-07-26

CMP

₹ 105.9

Current Return

11.47%

Company Financials

You can get the following financial statements of Sanstar Ltd. as of now.

The details about the Sanstar Limited IPO is as:

  • The issue size of the Sanstar Limited IPO is 510.15 Cr.
  • The price band for Sanstar Limited IPO is Rs 90 to Rs 95.
  • The shares of Sanstar Limited IPO will list on 26th July 2024.
  • The latest tentative GMP of Sanstar Limited IPO is Rs 30.
  • The shares of Sanstar Limited IPO is subscribed 82.98 Times as of 23rd July 2024. 

 

Sanstar Limited IPO Valuation

The approx valuation of Sanstar Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 95
Existing Shares (Qty) 14.04 Cr
Fresh Issue 397.10 Cr
Market Cap 1730.9 Cr
EPS (FY24) Rs 4.75
PE Ratio 20x
Industry PE 35.66x

 

Sanstar Limited IPO Issue Size

Sanstar Limited IPO issue size is 510.15 Cr. 

Issue Amount
Fresh Issue 397.10 Cr
Offer For Sale 113.05 Cr

 

Sanstar Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 150 shares and a maximum of 14 lots of 2100 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 150 Rs 14,250
 Maximum 14 2100 Rs 1,99,500

 

Sanstar Limited IPO share offer

The shares of Sanstar Limited IPO is subscribed 82.98 Times as of 23rd July 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 145.68 Times
Non-Institutional Minimum 15% 136.49 Times
Retail Individual Minimum 35% 24.23 Times
Total   82.98 Times

Find below the dates for Sanstar Limited IPO:

Schedule Date
Basis of Allotment 24 July 2024
Refunds 25 July 2024
Credit to Demat Account 25 July 2024
IPO Listing Date 26 July 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 515.04 779.56 1110.1 957.45 784.63
Total Expenditure 475.32 708.07 1011.96 897.45 746.97
Operating Profit 39.72 71.49 98.14 60 37.66
Other Income 0.37 1.12 14.41 14.01 11.78
Interest 9.09 9.32 10.74 7.53 1.37
Depreciation 9.02 9.4 12.09 11.45 9.63
Exceptional Items 0 0 0 0 0
Profit Before Tax 21.98 53.89 89.72 55.03 38.44
Provision for Tax 6.06 13.16 22.96 11.23 3.99
Net Profit 15.92 40.74 66.77 43.8 34.45
Adjusted EPS (Rs.) 0.11 0.28 0.48 0.24 0.19

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 29.5 29.5 28.09 36.45 36.45
Total Reserves 55.71 96.47 225.67 622.69 657.48
Borrowings 57.54 44.93 30.92 14.74 9.96
Other N/C liabilities 11.04 19.03 31.75 33.77 34.51
Current liabilities 58.58 70.73 219.03 58.04 68.07
Total Liabilities 212.38 260.66 535.46 765.69 806.47
Assets
Net Block 133.14 160.39 202.13 191.51 424.43
Capital WIP 3.27 0.91 20.47 87.57 11.01
Intangible WIP 0 0 0 0 0
Investments 0 0 0.17 0.01 0.28
Loans & Advances 0.16 0.26 1 27.45 9.63
Other N/C Assets 0.01 0.29 0.3 2.41 2.41
Current Assets 75.81 98.82 311.39 456.74 358.71
Total Assets 212.38 260.66 535.46 765.69 806.47
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Other Income 3.15 2.48 2.93 3.23 2.77
Profit Before Tax -0.76 0.92 17.85 20.44 12.55
Tax -0.43 0.29 4.18 -0.05 3.34
Profit After Tax -0.33 0.63 13.67 20.49 9.21
Adjusted EPS (Rs) -0.02 0.03 0.75 1.12 0.46

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 64.18 0
Mar 2026 70.53 0.01
Dec 2025 70.38 0
Sep 2025 70.38 0
Jun 2025 70.38 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 21.98 53.89 89.72 55.03 38.44
Adjustment 17.71 18.24 12.22 1.61 3.51
Changes in Assets & Liabilities -4.29 -14.42 -64.02 4.2 47.57
Tax Paid -5.68 -5.17 -8.25 -22.12 0.38
Operating Cash Flow 29.71 52.53 29.68 38.72 89.9
Investing Cash Flow -4.5 -34.2 -37.99 -174.6 -178.5
Financing Cash Flow -25.03 -12.86 5.2 253.45 -8.52
Net Cash Flow 0.19 5.47 -3.11 117.57 -97.12
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