IPO Details

About Company

Founded in 1982, Sanstar Limited specializes in manufacturing plant-based specialty products and ingredient solutions for food, pet food, and various industrial applications in India. The company’s product range includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and by-products such as germ, gluten, fiber, and fortified proteins. These products are utilized in: - Food products: as ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives (including in baked goods, confectionery, pasta, soups, ketchup, sauces, creams, and desserts). - Pet food products: as nutritional ingredients. - Other industrial products: as disintegrants, excipients, supplements, coating agents, binders, smoothing and flattening agents, and refining agents. Sanstar Limited operates two manufacturing facilities spanning a total area of 10.68 million square feet (approximately 245 acres) in Dhule, Maharashtra, and Kutch, Gujarat. With an installed capacity of 363,000 tons per annum (1,100 tons per day), the company ranks as the fifth largest manufacturer of corn-based specialty products and ingredients in India. The company exports its products to businesses in 49 countries across Asia, Africa, the Middle East, America, Europe, and Oceania. Domestically, its products are available in 22 states across India. As of March 31, 2024, Sanstar Limited employed 271 people, including 60 permanent employees, across its plants in Kutch and Dhule, as well as its headquarters.