Sanstar's Journey — Advancing the Quality of Plant-Based Specialty Products from Local to Global3/7/2024 Sanstar is a prominent manufacturer of plant-based specialty products and ingredient solutions in India, catering to various sectors such as food, animal nutrition, and industrial applications. With a robust daily production capacity of 1,100 metric tons, the company stands out as the third-largest producer of maize-based specialty products in India. Their diverse product range includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native starches, modified starches, and other co-products like germs, gluten, fiber, and enriched protein.
Manufacturing Facilities and International Presence Sanstar runs state-of-the-art production plants that are well situated in Kutch, Gujarat, and Dhule, Maharashtra. These facilities are capable of producing superior specialist goods to satisfy the demands of many sectors. With product exports to more than 49 nations, the company enjoys a substantial global footprint. Sanstar's creative solutions assist industries like pharmaceuticals, paper, food, and textiles. Company History and Values Sanstar Limited was founded on February 26, 1982, and is based in Ahmedabad, Gujarat, as a Public Limited company. The company's mission is to use technology advancements to raise the standard of specialist products made from maize around the world. In all aspects of its business, Sanstar prioritizes people-centered strategies, client happiness, sustainability, moral business conduct, ongoing development, community involvement, and trust. Santar IPO Details and Share Price According to the Draft Red Herring Prospectus (DRHP) released in January 2024, the company plans to raise between Rs 425-500 crore through an initial public offering (IPO). The IPO will consist of up to 4.80 crore equity shares, including a fresh issue of up to 4 crore shares and an Offer For Sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders. Each Sanstar share has a face value of ₹2, and the current Sanstar share price stands at ₹ /share. The IPO price band for Sanstar has not been disclosed at this time. Growth and Expansion The story of Sanstar shows its incredible rise from a modest business to a major force in the Indian manufacturing sector. The company has continuously made investments to increase its infrastructure and production capacity over the last 20 years. They opened their first plant in Kutch in 2005, with a 350 metric ton output capacity. Then, in 2016, a second manufacturing plant with a 750 metric ton production capacity was built in Shirpur, Maharashtra. Sanstar can produce 1,100 metric tons of goods altogether when these facilities are combined. Sanstar exemplifies how dedication and strategic investments have propelled its success in delivering top-notch plant-based specialty products and ingredient solutions both domestically and internationally.
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