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.
Open Date : July 19, 2024 Close Date : July 23, 2024 Allotment Date: July 24, 2024 Listing Date: July 26, 2024
IPO Price: INR 90-95 per share Lot Size: 150 Shares Total Issue Size: INR 510.15 crores
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.
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.
Sanstar Limited aims to fund the Dhule Facility expansion and repay borrowings.
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.