Sanstar IPO Allotment Status Online: Sanstar IPO is Open on 19 July, 2024 and Close on 23 July, 2024. Sanstar IPO to Raise 53,700,000 shares (Approx ₹510.15 Cr) via IPO. The Fresh Issue of 41,800,000 shares (Approx ₹397.10 Cr) and The Offer For Sale is 11,900,000 shares of ₹2 (Approx ₹113.05 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
Sanstar IPO Basis of Allotment Status on 24 July, 2024. Sanstar IPO Refund Date is 25 July 2024 and Sanstar IPO Credit to Demat on 25 July 2024.
Also Read: Sanstar IPO Details Today, GMP Price, Date, Review
Sanstar IPO Allotment Link Online
| Linktime | Linktime Allotment Link |
|---|---|
| Moneymintidea | IPO Allotment Status Link |
About –
Sanstar are one of the major manufacturers of plant based speciality products and ingredient solutions in food, animal nutrition and other industrial applications.
Our products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches and co-products like germs, gluten, fiber and enriched protein, amongst others.
Our speciality products and ingredients solutions add taste, texture, nutrients and increased functionality to
(i) foods as ingredients, thickening agents, stabilizers, sweeteners, emulsifiers and additives.
(in bakery products, confectionery, pastas, soups, ketchups, sauces, creams, deserts, amongst others).
(ii) animal nutrition products as nutritional ingredients.
(iii) other industrial products as disintegrants, excipients, supplements, coating agents, binders, smoothing & flattering agents, finishing agents, among others.
Our Company intends to foray into manufacturing and marketing of ready to use, end consumer focused, value added products such as Maize Flour, Baking Powder, Custard Powder, Icing Sugar and Glucose Energy Powder under the brand names “Blend N Bliss” and “Glucozap”.
Our Company has applied for registration of Brand Names “Blend N Bliss” and “Glucozap”. Currently, the products are undergoing sales and marketing trials in the geographies of Gujarat.
we are the third largest manufacturer of maize based speciality products and ingredient solutions in India.
our Company has footprints across India, with its products being sold in 21 states
We exported our products to 49 countries across Asia, Africa, Middle East, Americas, Europe and Oceania, during both six months ended September 30, 2023 .
Our two manufacturing facilities spread across cumulative area of 10.68 million square feet (approximate 245 Acres) are located at Dhule in the state of Maharashtra and Kutch in the state of Gujarat.
Our customer base can be broadly classified as follows
- Manufacturers of end products: They are manufacturers of end products under their own brand or are contract manufacturers of end product for other organisations. They use our products directly as ingredients/ raw materials in the end product. For e.g. confectionery manufacturers, pharmaceutical formulations manufacturers, edible oil manufacturers, bakery product manufacturers, animal nutrition product manufacturers, adhesive manufacturers, paper products manufacturers, etc.
- Manufacturers of ingredients / agents / excipients: They are manufacturer of ingredients / agents / excipients for their clients who ultimately use these products in their end products meant for consumers.
- Distributors / Traders / Aggregators / Indenting Agents: They are aggregators / stockists of various ingredients and solutions who supply to end user companies / ingredient manufacturers. We sell our products to distributors in bulk as per the specifications provided by them who in turn supply to their customers.
