Sanstar share fundamental strong or not | Sanstar share all data with specific information

Sanstar IPO Overview

Sanstar IPO is a book-built issue aiming to raise ₹510.15 crores. The issue comprises a fresh issue of 4.18 crore shares aggregating to ₹397.10 crores and an offer for sale of 1.19 crore shares aggregating to ₹113.05 crores.

IPO Details

• IPO Open Date: July 19, 2024
• IPO Close Date: July 23, 2024
• Basis of Allotment Date: July 24, 2024
• Credit of Shares to Demat: July 25, 2024
• Listing Date: July 26, 2024
• Face Value: ₹2 per share
• Price Band: ₹90 to ₹95 per share
• Lot Size: 150 shares
• Total Issue Size: 53,700,000 shares (up to ₹510.15 Cr)
• Fresh Issue: 41,800,000 shares (up to ₹397.10 Cr)
• Offer for Sale: 11,900,000 shares (up to ₹113.05 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE

Reservation and Allotment

• Anchor Investors: 16,110,000 shares (30.00%)
• Qualified Institutional Buyers (QIBs): 10,740,000 shares (20.00%)
• Non-Institutional Investors (NII): 8,055,000 shares (15.00%)
• bNII (bids above ₹10L): 5,370,000 shares (10.00%)
• sNII (bids below ₹10L): 2,685,000 shares (5.00%)
• Retail Investors: 18,795,000 shares (35.00%)

Sanstar IPO Lot Size and Investment

Category	Shares	Amount
Retail (Min)	150	₹14,250
Retail (Max)	2,100	₹199,500
sNII (Min)	2,250	₹213,750
sNII (Max)	10,500	₹997,500
bNII (Min)	10,650	₹1,011,750

Anchor Investors

• Anchor Bid Date: July 18, 2024
• Anchor Portion Size: ₹153.05 crore
• Shares Offered: 16,110,000
• Lock-In Period for 50% Shares: August 23, 2024
• Lock-In Period for Remaining Shares: October 22, 2024

Shareholding

Pre-Issue	Post-Issue
140,444,250	182,244,250

Sanstar IPO Reservation Details

Investor Category	Shares Offered	Maximum Allottees
Anchor Investors	16,110,000 (30.00%)	NA
QIBs	10,740,000 (20.00%)	NA
NII (HNI)	8,055,000 (15.00%)
Retail	18,795,000 (35.00%)	125,300

IPO Timeline

Event	Date
IPO Open Date	July 19, 2024
IPO Close Date	July 23, 2024
Basis of Allotment	July 24, 2024
Initiation of Refunds	July 25, 2024
Credit of Shares to Demat	July 25, 2024
Listing Date	July 26, 2024
Cut-off Time for UPI Mandate Confirmation	5 PM on July 23, 2024

About Sanstar Limited

Founded in 1982, Sanstar Limited specializes in manufacturing plant-based products and ingredient solutions. Their portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, and more. The company operates two facilities in Maharashtra and Gujarat, covering 245 acres, and exports products to 49 countries.

Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue (₹ Cr)	1,081.68	1,209.67	504.77
PAT (₹ Cr)	66.77	41.81	15.92
Net Worth (₹ Cr)	215.91	149.28	48.97
Total Borrowing (₹ Cr)	127.64	111.70	85.22

Key Performance Indicators (as of March 31, 2024)

KPI	Value
ROE	30.92%
ROCE	24.43%
Debt/Equity	0.5
RoNW	30.92%
P/BV	6.18
PAT Margin	6.17%

Objects of the Issue

The net proceeds from the fresh issue are intended for:

1. Funding capital expenditure for expanding the Dhule Facility.
2. Repaying or pre-paying certain borrowings.
3. General corporate purposes.

IPO Review

Sanstar Limited is a major manufacturer of specialty products with a strong market share. Despite some inconsistencies in top-line growth, the company’s bottom line has steadily improved. The IPO appears aggressively priced based on FY24 earnings. Investors may consider a moderate investment for long-term growth.

IPO Subscription Status

As of July 23, 2024:

Category	Subscription
QIB	145.68 times
NII	136.49 times
bNII	149.44 times
sNII	110.61 times
Retail	24.23 times
Total	82.99 times