Incorporated in 2022, Sonalis Consumer Products Limited is engaged in the distribution of nutritious bars and healthy snacks. The company has absorbed the business line & distribution network of Appetite Food. Since Appetite Food has already been in active business for approximately three years, it provides an ideal platform for the Company to grow/expand its business in the region.
Sonalis Consumer Products Limited’s product portfolio of healthy snacks/food includes: Granola Bar, Healthy Laddu and Puffs, Cheeseling, Chakli, Diet Bhel and Sev.
During the period ended December 31, 2022, the company distributed the products across 3 states Maharashtra, Gujarat and Goa aggregating to INR 420.47 Lakhs.
Appetite Foods was running its business since March 5, 2020, which was taken over by Sonalis Consumer Products Limited (including all its movable assets, current assets and liabilities) at a total consideration of ₹ 12.87 Lakhs in terms of Business Transfer Agreement dated May 15, 2022.
All the products are manufactured in-house at the company’s manufacturing facilities located in Vasai.
Sonalis Consumer Products Limited has developed an effective business model with stringent control over processes, including raw ingredient procurement, manufacturing operations, inventory management across our large range of products and SKUs, management of distribution logistics across India, as well as managing deemed export sales.
Sonalis Consumer Products IPO Details
| IPO Date | Jun 7, 2023 to Jun 9, 2023 |
| Listing Date | [.] |
| 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 |
Sonalis Consumer Products IPO Reservation
| Other Shares Offered | 448,000 (50.22%) |
| Retail Shares Offered | 444,000 (49.78%) |
| Total Shares Offered | 892,000 |
Note:
- Market Maker portion of 52,000 equity shares is added to NII Reservation.
- Total Shares offered: QIB+NII+RII.
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 |
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 |
|---|---|
| EPS (Rs) | 10.08 |
| RoNW (%) | 19.6 |
Check Sonalis Consumer Products IPO Peer Comparison here.
Objects of the Issue
The company intend to utilize the proceeds of the Issue to meet the following objects:
To part finance the Working Capital Requirements
General Corporate Purposes
To meet Issue Expenses
Sonalis Consumer Products IPO Prospectus
Company Contact Information
Sonalis Consumer Products Limited
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: http://www.purvashare.com