(Sanstar) IPO open tomorrow issue details ten key things to your know

(Sanstar) IPO open tomorrow issue details ten key things to your know 

Sanstar IPO, among India's top manufacturers of plant-based specialty products, opens for subscription on Friday, July 19. The company aims to raise ₹510.15 crore through a new issuance and offer-for-sale.



Sanstar IPO opens for subscription on tomorrow (Friday, July 19). The company is among India's top manufacturers of plant-based speciality products and ingredient solutions for use in food, industrial, and animal nutrition applications. With an installed capacity of 3,63,000 tons annually (1,100 tons per day), the firm ranks fifth in India for the production of specialty goods and ingredient solutions based on maize. This information comes from Frost & Sullivan. The company's two production facilities are situated in the states of Gujarat (Kutch) and Maharashtra (Dhule), with a combined size of 10.68 million square feet (about 245 acres).

As of March 31, 2024, the firm employed 10 people in its in-house research and development (R&D) team, with a minimum of forty years of combined expertise among them. With 2,200 square feet of space dedicated to research and testing, their R&D center is fully furnished

Prior to packing and shipping to clients, their products go through quality assurance and testing procedures. They have 27 employees in their quality control and assurance team. The testing and quality team performs a variety of tests on the final goods, including but not limited to microbiological, sugar profile, nitrogen analysis, and carbohydrate analysis, depending on the kind and nature of the product.


The company's clientele has expanded over time to include companies in the food, animal nutrition, and other industrial applications of pharmaceuticals, paper, textile, adhesives, and personal care, among other industries.


According to the restated consolidated financial statements, their revenue contribution from the top 10 and top 20 customers has been decreasing. For their top 10 customers, this decline was from 73.87% in fiscal 2022 to 40.53% in fiscal 2024, and for their top 20 customers, this decline was from 83.24% in fiscal 2022 to 53.59% in fiscal 2024.

Here are the 10 key things to know about Sanstar IPO:


Sanstar IPO date: The IPO opens for subscription on Friday, July 19, and closes on Tuesday, July 23.


Sanstar IPO price band: The IPO's price band has been fixed in the range of ₹90 to ₹95 per equity share of face value of ₹2.


Sanstar IPO lot size: The IPO's lot size is 150 equity shares and in multiples of 150 equity shares there after.

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