Sonalis Consumer Products Limited, established in 2022, is a prominent player in the distribution of nutritious bars and healthy snacks. The company has strategically acquired the business line and distribution network of Appetite Food, a well-established player in the industry with approximately three years of active business operations. This acquisition provides Sonalis Consumer Products with an ideal platform to expand and grow its business in the region.
The company’s product portfolio of healthy snacks and food includes a variety of offerings, such as Granola Bar, Healthy Laddu and Puffs, Cheeseling, Chakli, Diet Bhel, and Sev.
As of the period ended December 31, 2022, Sonalis Consumer Products has successfully distributed its products across three states, namely Maharashtra, Gujarat, and Goa, generating a revenue of INR 420.47 Lakhs.
To support its distribution and expansion, the company manufactures all its products in-house at its state-of-the-art manufacturing facilities located in Vasai.
Sonalis Consumer Products Limited has developed an effective and efficient business model, encompassing stringent control over processes. This includes raw ingredient procurement, seamless manufacturing operations, efficient inventory management across a diverse range of products and SKUs, well-managed distribution logistics across India, and successful management of deemed export sales.
Through strategic acquisitions and a strong focus on quality and efficiency, Sonalis Consumer Products is poised to make significant strides in the nutritious bars and healthy snacks industry, providing consumers with a wide range of delicious and wholesome options.
Sonalis Consumer Products Ltd Stock Quote #
- Open: ₹74.05
- High – Low: ₹74.05 – ₹74.05
- Previous Close: ₹77.94
- Total Traded Value: 4,000
- 52 Weeks High: ₹92.30 (Jul 13, 2023)
- 52 Weeks Low: ₹38.00 (Jun 19, 2023)
- Updated On: Jul 18, 2023 4:00 PM
Sonalis Consumer Products IPO Details #
| IPO Date | Jun 7, 2023 to Jun 9, 2023 |
| Listing Date | Jun 19, 2023 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 944,000 shares (aggregating up to ₹2.83 Cr) |
| Fresh Issue | 944,000 shares (aggregating up to ₹2.83 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,055,000 |
| Share holding post issue | 1,999,000 |
| Market Maker portion | 52,000 shares Beeline Broking |
Sonalis Consumer Products IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 52,000 (5.51%) |
| Other Shares Offered | 444,000 (47.03%) |
| Retail Shares Offered | 448,000 (47.46%) |
| Total Shares Offered | 944,000 (100%) |
Sonalis Consumer Products IPO Timetable (Tentative) #
Sonalis Consumer Products IPO opens on Jun 7, 2023, and closes on Jun 9, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Wednesday, 7 June 2023 |
| Closing Date | Friday, 9 June 2023 |
| Basis of Allotment | Wednesday, 14 June 2023 |
| Initiation of Refunds | Thursday, 15 June 2023 |
| Credit of Shares to Demat | Friday, 16 June 2023 |
| Listing Date | Monday, 19 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 9, 2023 |
Sonalis Consumer Products IPO Lot Size #
The Sonalis Consumer Products IPO lot size is 4000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
| Lot Size Calculator | |||
Sonalis Consumer Products IPO Promoter Holding #
Sonali Nilesh Kocharekar and Smita Shashikant Shah are the promoters of the company.
| Pre Issue Share Holding | 73.12% |
| Post Issue Share Holding | 38.59% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Dec-22 | 649.77 | 420.47 | 68.45 | 349.21 | 243.71 | 5.41 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 6.56 |
| EPS (Rs) | 10.08 |
| RoNW | 19.60% |
Objects of the Issue #
The company intends to utilize the proceeds of the Issue to meet the following objects:
1. To part finance the Working Capital Requirements,
2. General Corporate Purposes, and
3. To meet Issue Expenses.
Sonalis Consumer Products IPO Subscription Status (Bidding Detail) #
The Sonalis Consumer Products IPO is subscribed 43.48 times on Jun 9, 2023 7:02:00 PM. The public issue subscribed 48.31 times in the retail category, times in the QIB category, and 38.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 38.41 |
| Retail | 48.31 |
| Total | 43.48 |
Total Application : 6,151 (54.92 times)
Sonalis Consumer Products IPO Prospectus #
- Sonalis Consumer Products IPO DRHP
- Sonalis Consumer Products IPO RHP
Sonalis Consumer Products IPO Listing Details #
| Listing Date | Jun 19, 2023 |
| BSE Script Code | 543924 |
| NSE Symbol | |
| ISIN | INE0N5O01013 |
| Final Issue Price | ₹30 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹38.00 |
| ₹38.00 |
| ₹39.90 |
| ₹39.90 |
Company Contact Information #
Unit No. 16, Ground Level, Loft & Basement,
Sethia Industrial Estate, Tungareshwar Phata
Vasai East Palghar Thane, Maharashtra, 410208
Phone: 9867611444
Email: cs@appetitefood.in
Website: https://appetitefood.in/
Sonalis Consumer Products IPO Registrar #
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
Sonalis Consumer Products IPO Lead Manager(s) #
Sonalis Consumer Products IPO FAQs #
What is the business of Sonalis Consumer Products Limited? #
Sonalis Consumer Products Limited is engaged in the distribution of nutritious bars and healthy snacks. Their product portfolio includes Granola Bar, Healthy Laddu and Puffs, Cheeseling, Chakli, Diet Bhel, and Sev.
When is the Sonalis Consumer Products IPO opening and closing date? #
The Sonalis Consumer Products IPO will open for subscription on June 7, 2023, and close on June 9, 2023.
What is the issue price and lot size of the Sonalis Consumer Products IPO? #
The issue price of Sonalis Consumer Products IPO is ₹30 per share, and the lot size is 4000 shares.
What is the total issue size of the Sonalis Consumer Products IPO? #
The total issue size of the Sonalis Consumer Products IPO is 944,000 shares, aggregating up to ₹2.83 crores.
When will the Sonalis Consumer Products IPO be listed on the stock exchange? #
The listing date for Sonalis Consumer Products IPO is June 19, 2023.
What are the reservation details for Sonalis Consumer Products IPO? #
The IPO offers 5.51% of shares to Market Makers, 47.03% to other shareholders, and 47.46% to retail investors.
Who are the promoters of Sonalis Consumer Products Limited? #
The promoters of the company are Sonali Nilesh Kocharekar and Smita Shashikant Shah.
What is the financial performance of Sonalis Consumer Products Limited? #
As of the financial period ending December 31, 2022, Sonalis Consumer Products Limited reported total assets of ₹649.77 lakhs, total revenue of ₹420.47 lakhs, and a net profit of ₹68.45 lakhs.
What are the key performance indicators of Sonalis Consumer Products Limited? #
The key performance indicators include a P/E ratio of 6.56, EPS of ₹10.08, and RoNW of 19.60%.
Is it recommended to invest in Sonalis Consumer Products IPO? #
We do not provide IPO recommendations. Investors should carefully consider company financials, market conditions, and expert analysis before making investment decisions.
Please note that the information provided in the FAQs is based on the data available as of June 7, 2023. For more detailed and up-to-date information, please refer to the official sources and the prospectus of Sonalis Consumer Products IPO.
