July 19, 2024 - July 23, 2024

Sanstar IPO Review & Recommendations

Adroit Financial Services Private Limited, Anand Rathi, Arihant Capital Markets Ltd, AUM Capital Ltd, BP Equities (BP Wealth), Canara Bank Securities Ltd, Choice Equity Broking Pvt Ltd, Dalal Street Investment Journal, DRChoksey FinServ Pvt Ltd., GEPL Capital Ltd, Hem Securities, Marwadi Shares and Finance Ltd, Mehta Equities, Prithvi Finmart Private Limited, Profitmart, Raghunandan Capital Pvt Ltd, Reliance Securities, Samco Securities Limited, SMIFS Limited, S P Tulsian, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to Sanstar IPO. Dilip Davda, Nirmal Bang, SBICAP Securities Limited and Sushil Finance Ltd have given "May Apply" recommendation to Sanstar IPO. Capital Market has "Neutral" view about the IPO. Almondz Global Securities Limited, Asit C. Mehta Investment Intermediates Ltd, Axis Capital, HDFC Securities Limited, IDBI Capital, JM Financial Services Limited (JMFS) and Moneywise Finvest Limited (Stoxkart) have "Not Rated" the IPO.

Sanstar IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	22	4	1	0	7
%	64.71	11.76	2.94	0.00	20.59

Sanstar IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Adroit Financial Services Private Limited	Apply
Almondz Global Securities Limited	Not Rated
Anand Rathi	Apply
Arihant Capital Markets Ltd	Apply
Asit C. Mehta Investment Intermediates Ltd	Not Rated
AUM Capital Ltd	Apply
Axis Capital	Not Rated
BP Equities (BP Wealth)	Apply
Canara Bank Securities Ltd	Apply
Capital Market	Neutral
Choice Equity Broking Pvt Ltd	Apply
Dalal Street Investment Journal	Apply
Dilip Davda	May Apply
DRChoksey FinServ Pvt Ltd.	Apply
GEPL Capital Ltd	Apply
HDFC Securities Limited	Not Rated
Hem Securities	Apply
IDBI Capital	Not Rated
JM Financial Services Limited (JMFS)	Not Rated
Marwadi Shares and Finance Ltd	Apply
Moneywise Finvest Limited (Stoxkart)	Not Rated
Mehta Equities	Apply
Nirmal Bang	May Apply
Prithvi Finmart Private Limited	Apply
Profitmart	Apply
Raghunandan Capital Pvt Ltd	Apply
Reliance Securities	Apply
Samco Securities Limited	Apply
SBICAP Securities Limited	May Apply
SMIFS Limited	Apply
S P Tulsian	Apply
Sushil Finance Ltd	May Apply
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Apply

Sanstar IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Sanstar IPO is 43. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	43	Avoid, however active risk seekers can try

Sanstar IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is one of the major manufacturers of speciality products and ingredient solutions in India for food, animal nutrition and other industrial applications having good market share in global and domestic markets. For the reported periods, though it marked inconsistency in its top lines, bottom line steadily grew. Based on FY24 super earnings, the issue appears aggressively priced. Amidst rising demand for its products, the management is confident of improving the trends reported and its performance post expanded capacities. Well-informed investors may park moderate funds for the long term. Read detail review...

Sanstar IPO Peer Comparison

Sanstar Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Sanstar Limited	4.75	4.75	15.37	19.98	30.92	6.18	Consolidated
Gujarat Ambuja Exports Ltd.	7.54	7.54	60.37	18.65	12.49	2.33	Consolidated
Gulshan Polyols Ltd.	2.85	2.85	123.63	73.31	2.30	1.69	Consolidated
Sukhjit Starch & Chemicals Ltd.	31.98	31.98	321.75	15.01	9.94	1.49	Consolidated

Notes:

For Sanstar Limited, the information above is based on the Restated Consolidated Financial Statements for the year ended March 31, 2024.
All the financial information for the listed industry peers mentioned above is consolidated. It has been sourced from the annual reports/annual results as available of the respective company for the year ended March 31, 2024, submitted to stock exchanges.
The current market price (CMP) is the closing market price of the equity shares of the respective companies on NSE on July 05, 2024.
Diluted EPS refers to the diluted earnings per share sourced from the annual reports/annual results as available of the respective company for the year ended March 31, 2024, submitted to stock exchanges.
NAV is computed as the net worth at the end of the year divided by the closing outstanding number of equity shares. For the calculation of NAV for Sanstar Limited on Restated Consolidated basis, revaluation and amalgamation reserve have been excluded in the net worth calculation.
The P/E Ratio has been computed based on the CMP divided by the Basic and Diluted EPS.
RoNW is computed as net profit attributable to owners of the company divided by net worth at the end of the year. For the calculation of RoNW for Sanstar Limited on a Restated Consolidated basis, revaluation reserve and amalgamation reserve have been excluded in the calculation of net worth.

Sanstar IPO Review by Members

Sanstar IPO Reviews, analysis and views by popular members. Read Sanstar Limited IPO reviews by retail investors to find recommended ipo to buy.

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Sanstar IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	6	1	0	1
%	75.00	12.50	0.00	12.50

Member	Review
Trader PM	Apply for Listing Gain at Cut-off Price No recommendation July 19, 2024 3:47:40 PM
TC GUPTA	Apply for Listing Gain at Cut-off Price Though revenue is bit sluggis but profits are increasing. Debt equity ratio is promising. July 15, 2024 12:14:42 PM
Reni M	Apply for Long Term at Cut-off Price After the proposed expansion, the capacity will almost double from current levels, creating huge headroom for growth. July 22, 2024 9:07:55 AM
newgen consultancy IPO Guru (3400+ Posts, 6600+ Likes)	Avoid Fully Priced Valuations No much headroom for growth in FY25 As Combined Capacity at 85%+ Utilization 2 July 20, 2024 11:05:24 PM
KHL	May Apply for Listing Gain at Upper Price Band main Point is how Profit is increased 60% though revenue was down 11% and borrowing also increased. Which magical stick they are using, how they cut down their expenses to increase profits let us all know it, so we also can do it. Though it is a big concern, i am applying for the ipo for only listing gain, if allotted. 3 July 17, 2024 12:04:44 PM
Hiren K.	Apply for Listing Gain at Cut-off Price IPO fancy get listing gain. July 16, 2024 9:46:19 AM
Dhanvantri	Apply for Listing Gain at Upper Price Band A B2B company good Financials although clients are limited.But showing growth every year .Apply For Listing and long term. July 14, 2024 9:04:26 AM
Ankit Dhakad	Apply for Listing Gain at Cut-off Price Apply only for Listing gains. 1 July 15, 2024 2:41:30 PM

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