Sanstar Limited IPO list date: Sanstar Limited, a leading manufacturer of plant-based specialty products, plans to launch its initial public offering (IPO) on July 19, 2024 There’s quite a few pleasure constructing up round this IPO, mainly with-inside the grey marketplace, making it an exciting alternative for buyers. Let’s dive into all of the information about the Sanstar IPO, including statistics about the business enterprise, the dimensions of the trouble, monetary highlights, and more.
About Sanstar Limited IPO
Sanstar Limited is a distinguished participant withinside the Indian marketplace for plant-primarily based totally uniqueness merchandise and component solutions. Established in 1982, the business enterprise produces a huge variety of merchandise inclusive of liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, local maize starches, changed maize starches, and co-merchandise like germs, gluten, fiber, and enriched protein. These merchandise serve various programs in food, animal nutrition, and numerous commercial sectors.
With superior production centres in Dhule, Maharashtra, and Kutch, Gujarat, Sanstar boasts a manufacturing ability of 1,a hundred tonnes consistent with day. The business enterprise exports its merchandise to forty nine nations and has a sturdy home presence throughout 22 states in India.
Sanstar Limited IPO list date, Size and Details
Sanstar aims to raise ₹510.15 crores via its IPO. The presentation consists of a clean trouble of 4.18 crore stocks worth ₹397.10 crores and an Offer for Sale (OFS) of 1.19 crore stocks valued at ₹113.05 crores. The fee band is about ₹95 consistent with share.
IPO Opening Date: July 19, 2024
IPO Closing Date: July 23, 2024
Minimum Lot Size: one hundred fifty stocks
Listing on: BSE and NSE
Allocation Breakdown
Qualified Institutional Buyers (QIBs): 50%
Retail Investors: 35%
Non-Institutional Investors (NIIs): 15%
Grey Market Signals: Sanstar Limited IPO list date
The grey marketplace has proven a strong call for Sanstar’s IPO even earlier than its legitimate beginning. As of July 17, 2024, the IPO is buying and selling at a top class of ₹41.50 withinside the unlisted marketplace, suggesting a capacity list fee of ₹136.50 consistent with share. This shows a probable earnings of 43.68% for early buyers, even though it is crucial to keep in mind that grey marketplace situations may be volatile.
Financials of Sanstar Limited IPO
Sanstar’s monetary overall performance has proven remarkable increase in recent years. Here are the important thing monetary highlights:
Financial Performance (in ₹ crores)
FY22: Revenue – ₹504.77, Net Profit – ₹15.92
FY23: Revenue – ₹1209.67, Net Profit – ₹41.81
FY24: Revenue – ₹1081.68, Net Profit – ₹66.77
The business enterprise has carried out a mean EPS of ₹3.fifty five and a mean Return on Net Worth (RoNW) of 30.22% during the last 3 financial years. Despite a few inconsistencies in revenue, the earnings margins have regularly grown.
Key Performance Indicators of Sanstar Limited IPO
PAT Margin: 6.17% (FY24)
ROE: 30.92% (FY24)
ROCE: 24.43% (FY24)
Debt/Equity: 0.5 (FY24)
Use of IPO Proceeds
Sanstar plans to make use of the price range raised from the IPO for the subsequent purposes:
Expansion of Dhule Facility: ₹181.6 crores
Debt Repayment: ₹a hundred crores (present debt stood at ₹164.23 crores as of May 24, 2024)
General Corporate Purposes: Remaining price range
Key Dates
Anchor Investor Bid Date: July 18, 2024
Basis of Allotment Finalisation: July 24, 2024
Credit of Shares to Demat Accounts: July 25, 2024
Listing Date: July 26, 2024
FAQs
1. What is the Sanstar IPO?
The manufacturer of plant-based specialty products, Sanstar Limited, is seeking to raise 510.15 crores through the issuance of new equity shares and an offer for sale through its Sanstar IPO.
2. When does the Sanstar IPO open and close?
The Sanstar IPO begins on July 19, 2024 and ends on July 23, 2024.
3. What is the fee band for the Sanstar IPO?
The fee band for the Sanstar IPO is about ₹95, consistent with shares.
4. What is the minimal lot length for the Sanstar IPO?
The minimal lot length for the Sanstar IPO is one hundred fifty stocks.
5. How will the price range raised from the IPO be used?
Sanstar plans to apply the price range for increasing its Dhule facility, repaying debt, and for widespread company purposes.
6. When will the Sanstar stocks be indexed at the inventory exchanges?
The Sanstar stocks may be indexed at the BSE and NSE on July 26, 2024.
7. What are the grey marketplace indicators for the Sanstar IPO?
The grey marketplace has proven a top class of ₹41.50, suggesting a capacity list fee of ₹136.50 consistent with share, indicating a probable earnings of 43.68% for early buyers.
8. Who are the lead managers and registrars for the Sanstar IPO?
Pantomath Capital Advisors Pvt. Ltd. is the ee-e book strolling lead manager, and Link Intime India Pvt. Ltd. is the registrar for the Sanstar IPO.
Conclusion
Sanstar IPO gives a promising funding opportunity, subsidised via means of sturdy grey marketplace indicators and a strong increase trajectory. The company’s strategic expansion plans, combined with its strong financial performance, make it a compelling proposition for both retail and institutional buyers. However, capacity buyers must consider competitive pricing and market volatility before making their decision. With the IPO beginning soon, it is critical to live up to date and make a knowledgeable choice. Sanstar Limited’s adventure in the direction of increase and innovation may want to thoroughly make this IPO a good sized milestone withinside the Indian monetary marketplace.
Disclaimer: The information in this “Stock Profile” blog post is for informational purposes only. It is not financial advice. Always consult a qualified expert before making investment decisions.
