New Delhi:
Sanstar Limited is set to launch its Initial Public Offering (IPO), presenting investors with an opportunity to invest in the market.
IPO Details and Financials
Sanstar Limited has fixed the face value of its shares at Rs 2 per equity share, with an IPO price band set between Rs 90-95.
The IPO, including a fresh issue of 41.80 million equity shares and an offer for sale (OFS) of up to 11.90 million equity shares, aims to raise Rs 510 crore.
The subscription period runs from July 19, 2024, to July 23, 2024.
Company’s Product Portfolio and Market Presence
Sanstar Limited is a leading manufacturer of plant-based specialty products and ingredient solutions in India.
Their products, such as liquid glucose, maltodextrin, and maize starch, cater to food, animal nutrition, and industrial applications.
These products enhance the taste, texture, and nutritional value of food items and are used widely across various industries.
Usage and Global Presence
Sanstar Limited’s products serve as essential ingredients, stabilizers, sweeteners, and nutritional additives in a wide range of food products including bakery goods, confectionery, and sauces.
Additionally, their industrial products function as binding agents and coatings.
Financial Performance and Global Reach
The company exports its products to 49 countries across Asia, Africa, Middle East, America, Europe, and Oceania, establishing a strong global footprint alongside a robust domestic presence across 22 states in India.
In FY 2024, Sanstar Limited reported substantial growth, with revenues increasing at a CAGR of 45.46% and profits growing at a CAGR of 104.79% from FY 2022 to FY 2024.
Listing and Offer Details
Sanstar Limited’s equity shares will be listed on both BSE and NSE.
The IPO is managed by Pantomath Capital Advisors Private Limited, with Link Intime India Private Limited serving as the registrar.
The IPO follows a book building process, allocating up to 50% to Qualified Institutional Buyers,
15% to Non-Institutional Buyers, and at least 35% to Retail Individual Bidders.
