91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

Sanstar Limited IPO Analysis

Sanstar IPO is a Book Building 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 posted revenues of ₹ 1081.68 crores and PAT of ₹ 66.77 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,067.20 Cr.
            EBITDA: ₹ 98.10 Cr.
            PAT: ₹ 66.70 Cr.
  • EBITDA Margin: 9.19 %
            Pat Margin: 6.25 %
  • Net Worth: ₹ 127.64 Cr.
  • Market Capitalisation: ₹ 1731.32 Cr.
  • P/E: 25.93 times
  • P/BV: 2.71 times
  • EV/EBITDA: 20.20 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Sanstar Limited IPO Financial Performance (Restated)

Financial results of Sanstar IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY24 FY23 FY22
Balance Sheet
Assets 527.57 368.35 207.45
Net Worth 127.64 111.70 85.22
Total Debt 253.76 187.13 85.21
Profit & Loss
Revenue
Revenue on annualised basis
1067.20 1205.00 504.40
EBITDA
EBITDA on annualised basis
98.10 72.40 39.70
PAT
PAT on annualised basis
66.70 41.80 15.90
Financials
FY24
FY23
FY22
Balance Sheet
Assets
527.57
368.35
207.45

Net Worth
127.64
111.70
85.22

Total Debt
253.76
187.13
85.21

Profit & Loss
Revenue
Revenue on annualised basis
1067.20
1,067.20
1205.00
504.40

EBITDA
EBITDA on annualised basis
98.10
98.10
72.40
39.70

PAT
PAT on annualised basis
66.70
66.70
41.80
15.90

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Sanstar Limited IPO Key performance Indicators (KPI)

Sanstar IPO PAT Margin is 6.25 % , ROCE (Return on Capital Employed) is 25.43 % as per latest financial. The below table shows Sanstar IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY24 FY23 FY22
EBITDA Margin (%) 9.19 6.01 7.87
PAT Margin (%) 6.25 3.47 3.15
EPS (₹) 4.75 2.98 1.08
ROE (%) 52.26 37.42 18.66
ROCE (%) 25.43 23.82 23.19
ROA (%) 12.64 11.35 7.66
Debt to Equity 1.99 1.68 1.00
Particulars
FY24
FY23
FY22

EBITDA Margin (%)
9.19
6.01
7.87

PAT Margin (%)
6.25
3.47
3.15

EPS (₹)
4.75
2.98
1.08

ROE (%)
52.26
37.42
18.66

ROCE (%)
25.43
23.82
23.19

ROA (%)
12.64
11.35
7.66

Debt to Equity (x)  
1.99
1.68
1.00

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Sanstar IPO Valuation Metrics

The market Capitalisation of Sanstar IPO is ₹ 1731.32 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
1731.32

Enterprise Value (EV) (₹ Cr.):
1,981.90

EV/EBITDA (times) :
20.20

PE Multiple (times) :
25.93

P/B (times) :
2.71

NAV (₹) :
15.37

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Sanstar Limited prospectus?

The Sanstar IPO prospectus highlights an Return on Equity (ROE) of 52.26 % , Return on Assets (ROA) of 12.64 %, and an EBITDA Margin of 9.19 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Sanstar Limited IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Sanstar IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Sanstar Limited IPO ?

The post-IPO market capitalisation of Sanstar IPO is ₹ 1731.32 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Sanstar Limited IPO?

The Sanstar IPO has a Price-to-Earnings (PE) ratio of 25.93 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Sanstar IPO?

Sanstar IPO reported revenue of ₹ 1081.68 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Sanstar IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Sanstar IPO?

Sanstar recorded an EBITDA of ₹ 98.10 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Sanstar IPO?

Sanstar Profit After Tax (PAT) is ₹ 66.70 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,067.20 Cr.
            EBITDA: ₹ 98.10 Cr.
            PAT: ₹ 66.70 Cr.
  • EBITDA Margin: 9.19 %
            Pat Margin: 6.25 %
  • Net Worth: ₹ 127.64 Cr.
  • Market Capitalisation: ₹ 1731.32 Cr.
  • P/E: 25.93 times
  • P/BV: 2.71 times
  • EV/EBITDA: 20.20 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Sanstar operates in Agro and Food Animal Nutrition And Other. The Issue is listed on BSE,NSE in Jul, 2024. Sanstar IPO size was 510.15 with Issue price of 95.00 .

Merchant Banker(s) of Sanstar IPO: Pantomath Capital Advisors Private Limited

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 100.98.

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