Sanstar Limited

A Plant-Based Powerhouse Takes Root in the Market

About The Company

Founded in 1982, Sanstar's a leading Indian plant-based ingredients maker. Their diverse products serve food, pet food, and industrial uses. Technical expertise and cutting-edge facilities make Sanstar a leader in India's plant-based ingredient market.

Products

– Liquid glucose and dried glucose solids for sweetness and texture – Maltodextrin powder and dextrose monohydrate for thickening and bulking – Starches (native and modified) for binding and texture – By-products like germ, gluten, fiber, and fortified proteins for added nutrition

Financials

Here's a quick look at Sanstar's recent financials (as of March 31, 2024) Net Profit: ₹66.77 Crore (up 59.71% from previous year) Revenue: ₹1081.68 Crore (down 10.58% from previous year) Borrowings: ₹127.64 Crore

IPO Details

IPO Dates: July 19th, 2024 to July 23rd, 2024 Price Band:  ₹90 to ₹95 per share Lot Size: 150 Share Issue Size: ₹510 Cr

IPO Listing

Sanstar's shares are expected to be listed on both the BSE and NSE on Friday, July 26th, 2024

How To Apply

Step 1: Login to Your Shree Varahi App Step 2: Navigate to Apply IPO. Step 3: Select the IPO and Fill in the required details Step 4: Accept the UPI Mandate and Block the funds.

Dive Deeper: Get more info on the Sanstar IPO