Sanstar IPO

Sanstar Limited's INR 510.15 crore IPO includes INR 397.10 crore fresh issue and INR 113.05 crore offer for sale, aimed at expanding the Dhule Facility and repaying borrowings.

Important Details

Open Date : July 19, 2024 Close Date : July 23, 2024 Allotment Date: July 24, 2024 Listing Date: July 26, 2024

Important Details

IPO Price: INR 90-95 per share Lot Size: 150 Shares Total Issue Size: INR 510.15 crores

Fundamental Analysis

Sanstar Ltd IPO analysis shows mixed performance: 1. Revenue up in 2023, down in 2024. 2. Equity, liabilities, PAT rose. 3. Debt reliance decreased. 4. RoNW, liquidity weakened. 5. Inventory turnover slowed.

Peer Comparison

Sanstar Limited: notable EPS and RoNW. Gujarat Ambuja Exports: excels in revenue, high current ratio. Gulshan Polyols & Sukhjit Starch: solid financials, strong profitability, and asset turnover.

Objective

Sanstar Limited aims to fund the Dhule Facility expansion and repay borrowings.

Risks And Challenges

Sanstar IPO ltd risks: 1. Reliance on maize leads to price volatility and supply issues. 2. Lack of fixed-price contracts and adequate working capital during peak seasons may impact profitability and operations.