73  Total SME IPOs listed in 2025

3,196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Sanstar IPO (Sanstar Limited IPO) Detail

Sanstar IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 510.15 Cr. The company is based in Ahmedabad and caters to Agro sector. Pantomath Capital Advisors is the merchant banker of Sanstar IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 1st January 2024.

Sanstar IPO open date is 19th July 2024 and close date is 23rd July 2024. IPO Allotment Date is 24th July 2024 and Listing date is 26th July 2024.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 510.15 Cr. Avg IPO Size (Sector Based) : ₹ 281.87 cr.
  • Sector: Agro IPO so far: 19
  • Merchant Banker: Pantomath Capital IPO by BRLM so far: 9
  • City: Ahmedabad IPO so far: 31
  • Revenue (annualised): ₹ 1081.68 cr.
            PAT: (annualised): ₹ 66.77 cr. Read Financial Information >>
  • PE Ratio: 25.93x Average Sector PE Ratio: 18.16x

Sanstar IPO Date

Date of DRHP:
1st January 2024
IPO Open Date:
19th July 2024
IPO Close Date:
23rd July 2024
IPO Allotment Date:
24th July 2024
Initiation of Refund:
30th November -0001
IPO Listing Date:
26th July 2024

Sanstar Limited IPO Info, Size, Subscription

Sanstar IPO size is ₹ 510.15 Cr. with IPO price of ₹ 95.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 510.15 Cr.

Issue Price:
₹ 95.00

Market Capitalisation :
₹ 1731.32 Cr.

PE multiple :
25.93

Subscription :
82.99 times

Pre Issue Promoter Holding :
99.77 %

Post Issue Promoter Holding :
70.37 %

Sanstar IPO Information

Sub Sector : food animal nutrition and other
Sanstar Limited is one of the major manufacturers of plant-based specialty products and ingredient solutions in India for food, animal nutrition, and other industrial applications, as per the Company Commissioned Frost & Sullivan Report dated December 30, 2023. Its product range includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native and modified maize starches, and co-products like germs, gluten, fiber, and enriched protein. These specialty products enhance taste, texture, nutrients, and functionality in foods (acting as ingredients, thickening agents, stabilizers, sweeteners, emulsifiers, and additives for items like bakery products, confectionery, sauces, creams, and desserts), animal nutrition (as nutritional ingredients), and industrial applications (as disintegrants, excipients, supplements, binders, smoothing agents, and more). With an installed capacity of 3,63,000 tons per annum (1,100 tons
Show More

Object of Issue (Sanstar Limited IPO Objectives)

  • Funding the capital expenditure requirement for the expansion of the Dhule Facility
  • Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company
  • General Corporate Purposes

Pantomath Capital Advisors Private Limited is the book-running lead manager of the Sanstar IPO. Link Intime India Private Limited is the Registrar for Sanstar IPO.

Sanstar Limited IPO Registrar (RTA)

Link Intime India Private Limited

Sanstar Limited IPO Lead Manager (BRLM)

Pantomath Capital Advisors Private Limited

Sanstar IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Sanstar IPO?

Sanstar IPO, based in Ahmedabad, operates in the   Agro sector with a focus on food animal nutrition and other. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Sanstar IPO size is ₹ 510.15 Cr. with fresh issue size of ₹ 510.15 Cr. and Offer for sale being ₹ Nil

When is Sanstar Limited IPO allotment?

The IPO allotment date for Sanstar IPO is expected to be 24th July 2024, after the finalization of basis of allotment. Investors can check Sanstar IPO allotment status on the registrars website, Link Intime India Private Limited . Sanstar IPO refund dates are 30th November -0001.

When is Sanstar IPO listing date?

Sanstar IPO is expected to be listed on 26th July 2024.

What is the price band for Sanstar Limited IPO?

The upper price band for the Sanstar IPO is set at ₹ 95.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Sanstar IPO Review?

For IPO analysis on Sanstar IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Sanstar IPO?

To apply for the Sanstar IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 23rd July 2024. After submission, funds are blocked until the basis of allotment of Sanstar IPO is finalised.

Who is the merchant banker of Sanstar Limited IPO?

The merchant banker for Sanstar IPO is Pantomath Capital Advisors Private Limited . Pantomath Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Sanstar IPO RHP for further details.

Who is the Registrar of Sanstar IPO?

The registrar for Sanstar IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Sanstar IPO through their official website or helpline.

What is the Sanstar IPO subscription?

Sanstar IPO was subscribed 82.99 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Recent IPO List

Scoda Tubes Limited

  Steel

  Ahmedabad


Prostarm Info Systems Limited

  Power and Energy

  Mumbai


Aegis Vopak Terminals Limited

  Oil and Gas

  Surat


Leela Hotels - Schloss Bangalore Limited

  Hotels and Resorts

  New Delhi


Borana Weaves Limited

  Textiles - Fabrics

  Surat


Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Peer Companies Of This Sector

FAQs

Sanstar IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Sanstar Financial Review Page

Sanstar IPO subscription was 82.99 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Sanstar IPO listed at a listing price of 115.09 against the offer price of 95.00.

The current market price of Sanstar is 89.49.

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency