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Sanstar Limited

Founded in 1982, Sanstar Limited is a leading Indian manufacturer of specialty plant-based products and ingredient solutions for food, pet food, and industrial applications. Its extensive product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native and modified maize starches, and by-products such as germ, gluten, fiber, and fortified proteins, serving as thickeners, stabilizers, sweeteners, emulsifiers, and functional additives. The company operates two manufacturing facilities in Dhule, Maharashtra, and Kutch, Gujarat, covering 10.68 million sq. ft. with an installed capacity of 363,000 tons per annum, making it India’s fifth-largest corn-based specialty ingredients producer. Sanstar exports to 49 countries across Asia, Africa, the Middle East, America, Europe, and Oceania, with a pan-India presence in 22 states, and as of March 31, 2024, employs 271 people, including 60 permanent staff.

₹90 - ₹9582.98x sub
Listed Price109.00
Listing Gain+14.74%
TimelineBookbuilding IPO
Open19 Jul 2024
Close23 Jul 2024
Allotment24 Jul 2024
Listing26 Jul 2024

Quota Reservation Portions

QIBPortion: 2,68,50,000 shares
50%
Nii (hni)Portion: 80,55,000 shares
15%
RetailPortion: 1,87,95,000 shares
35%

Minimum Application Bracket Matrix

Retail1 lots / 150 shares
₹14,250
sHNI15 lots / 2,250 shares
₹2,13,750
bHNI71 lots / 10,650 shares
₹10,11,750

About the Company

Founded in 1982, Sanstar Limited is a leading Indian manufacturer of specialty plant-based products and ingredient solutions for food, pet food, and industrial applications. Its extensive product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native and modified maize starches, and by-products such as germ, gluten, fiber, and fortified proteins, serving as thickeners, stabilizers, sweeteners, emulsifiers, and functional additives. The company operates two manufacturing facilities in Dhule, Maharashtra, and Kutch, Gujarat, covering 10.68 million sq. ft. with an installed capacity of 363,000 tons per annum, making it India’s fifth-largest corn-based specialty ingredients producer. Sanstar exports to 49 countries across Asia, Africa, the Middle East, America, Europe, and Oceania, with a pan-India presence in 22 states, and as of March 31, 2024, employs 271 people, including 60 permanent staff.

Company Promoters

Gouthamchand Sohanlal ChowdharySambhav Gautam ChowdharyShreyans Gautam Chowdhary