31 Mar 2022
Assets207.45
Total Income504.77
Profit After Tax15.92
NET Worth48.97
Reserves and Surplus55.69
Total Borrowing85.22
At a glance
Updated 2026-08-24The shares listed at ₹109.00, a 14.74% move from the issue price. Sanstar is a Mainboard IPO with an issue size of ₹510.15 crore, proposed for listing on BSE, NSE. The offer opens on 19th Jul 2024 and closes on 23rd Jul 2024. The issue structure includes a fresh issue of ₹397.10 crore and an offer-for-sale component of ₹113.05 crore. The current listing schedule points to 26th Jul 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹510.15 Cr
Fresh issue₹397.10 Cr
Offer for sale₹113.05 Cr
Face value₹2
Price band₹90.00–₹95.00
Allotment24th Jul 2024
Listing26th Jul 2024
Listing performance
Full performance ↗Issue price₹95.00
Listing price₹109.00
Current price—
Listing gain14.74%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹25.00
GMP / upper price26.32%
Est. listing₹120.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens19th Jul 2024
Closes23rd Jul 2024
Allotment24th Jul 2024
Refund25th Jul 2024
Demat25th Jul 2024
Listing26th Jul 2024
Subscription demand
Full bidding ↗Total82.99×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 150 | ₹14,250 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding the capital expenditure requirement for expansion of our Dhule Facility | ₹181.56 Cr |
| Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company and; | ₹100.00 Cr |
| General Corporate Purposes | ₹81.93 Cr |
Financials
Full financials ↗31 Mar 2023
Assets368.35
Total Income1,209.67
Profit After Tax41.81
NET Worth149.28
Reserves and Surplus158.41
Total Borrowing111.70
31 Mar 2024
Assets527.57
Total Income1,081.68
Profit After Tax66.77
NET Worth215.91
Reserves and Surplus225.18
Total Borrowing127.64
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 30.92% |
| ROCE | 24.43% |
| Debt / Equity | 0.50% |
| RoNW | 30.92% |
| PAT Margin | 6.17% |
| Price to Book Value | 6.18 |
Valuation & shareholding
Pre-IPO EPS4.75
Post-IPO EPS3.66
Pre-IPO P/E19.98
Post-IPO P/E25.93
Promoter holding pre99.77%
Promoter holding post70.37%
Market cap₹1731.32 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fixed fees payable to Book Running Lead Manager | ₹2.50 Cr |
| Underwriting/Selling Commission to the BRLM | ₹24.74 Cr |
| Commission/processing fee for SCSBs, Sponsor Bank(s) and fees payable to sponsor bank(s) for bids made by RIBs, Bankers to the Offer(s), Brokerage and Syndicate Fees, bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹6.67 Cr |
| Fees payable to the Registrar to the Offer | ₹0.26 Cr |
| Others - Listing fees, SEBI filing fees, upload fees, BSE and SE processing fees, book building software fees and other regulatory expenses | ₹3.94 Cr |
| Others - Printing and distribution of stationery | ₹0.10 Cr |
| Others - Advertising and marketing expenses | ₹3.15 Cr |
| Others - Fees payable to legal counsel | ₹0.75 Cr |
| Others - Fees payable to other advisors to the Offer, including but not limited to Statutory Auditors, industry service provider and Chartered Engineer; and | ₹0.80 Cr |
| Others - Miscellaneous expenses | ₹0.28 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Pantomath Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.