Sanstar is a prominent player in India’s manufacturing sector, specializing in the production of plant-based specialty products and ingredient solutions. These products find applications in various industries, including food, animal nutrition, and other industrial sectors.
Core Business
Manufacturing of plant-based products:
Sanstar primarily focuses on producing items like liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native and modified starches, and co-products such as germs, gluten, fiber, and enriched protein.
Large-scale operations: The company operates state-of-the-art manufacturing facilities in Dhule (Maharashtra) and Kutch (Gujarat), boasting a significant production capacity.
Successful IPO: Sanstar recently completed a successful IPO, indicating investor confidence in the company’s growth prospects.
Expansion plans: The company aims to utilize the IPO proceeds to expand its Dhule plant and reduce debt.
Sanstar IPO Allotment Update
The Sanstar IPO allotment is expected to be finalized today, Wednesday, July 24, 2024.
Refund: If you didn’t get allotted any shares, the refund will be initiated on July 25, 2024.
Credit of Shares: If you were allotted shares, they will be credited to your Demat account on July 25, 2024.
Listing: Sanstar shares are expected to be listed on the BSE and NSE on Friday, July 26, 2024.