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Sonalis Consumer Products IPO is a fixed price issue of Rs 2.83 crores. The issue is entirely a fresh issue of 9.44 lakh shares.
Sonalis Consumer Products IPO bidding started from June 7, 2023 and ended on June 9, 2023. The allotment for Sonalis Consumer Products IPO was finalized on Wednesday, June 14, 2023. The shares got listed on BSE SME on June 19, 2023.
Sonalis Consumer Products IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹240,000.
Expert Global Consultants Private Limited is the book running lead manager of the Sonalis Consumer Products IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Sonalis Consumer Products IPO is Beeline Broking.
Refer to Sonalis Consumer Products IPO RHP for detailed information.
| IPO Date | June 7, 2023 to June 9, 2023 |
| Listing Date | June 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 offers 944,000 shares. 444,000 (47.03%) to NII, 448,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| 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 opens on June 7, 2023, and closes on June 9, 2023.
| IPO Open Date | Wednesday, June 7, 2023 |
| IPO Close Date | Friday, June 9, 2023 |
| Basis of Allotment | Wednesday, June 14, 2023 |
| Initiation of Refunds | Thursday, June 15, 2023 |
| Credit of Shares to Demat | Friday, June 16, 2023 |
| Listing Date | Monday, June 19, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 9, 2023 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | |||
Sonali Nilesh Kocharekar and Smita Shashikant Shah are the promoters of the company.
| Share Holding Pre Issue | 73.12% |
| Share Holding Post Issue | 38.59% |
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.
| 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 | ||||||
| KPI | Values |
|---|---|
| RoNW | 19.60% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.08 | |
| P/E (x) | 6.56 |
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.
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many big players around. The sudden boost in its bottom line for 9M FY23 raises eyebrows and concern over sustainability going forward. Based on such super earnings, the issue appears lucratively priced, while based on its track records, it appears aggressively priced. Tiny equity capital post-IPO indicates longer gestation period for migration to the mainboard. There is no harm in skipping this “HIGH RISK/LOW RETURN” issue Read detail review...
The Sonalis Consumer Products IPO is subscribed 43.48 times on June 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)
| Listing Date | June 19, 2023 |
| BSE Script Code | 543924 |
| NSE Symbol | |
| ISIN | INE0N5O01013 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹38.00 |
| ₹38.00 |
| ₹39.90 |
| ₹39.90 |
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/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Sonalis Consumer Products IPO is a SME IPO of 944,000 equity shares of the face value of ₹10 aggregating up to ₹2.83 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on June 7, 2023, and closes on June 9, 2023.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sonalis Consumer Products IPO using UPI as a payment gateway. Zerodha customers can apply in Sonalis Consumer Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sonalis Consumer Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sonalis Consumer Products IPO opens on June 7, 2023 and closes on June 9, 2023.
Sonalis Consumer Products IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Sonalis Consumer Products IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sonalis Consumer Products IPO will be done on Wednesday, June 14, 2023, and the allotted shares will be credited to your demat account by Friday, June 16, 2023. Check the Sonalis Consumer Products IPO allotment status.
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