Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Wed, Mar 28, 2018 - Wed, Apr 4, 2018
Soni Soya Products IPO is a fixed issue price of ₹4.50 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹4.50 crore.
Soni Soya Products IPO bidding started from Mar 28, 2018 and ended on Apr 4, 2018. The allotment for Soni Soya Products IPO was finalized on Apr 9, 2018. The shares got listed on the NSE SME on Apr 12, 2018.
Soni Soya Products IPO is set final issue price at ₹25 per share. The lot size for an application is 6,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
The issue includes a reservation of up to 1,98,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pantomath Stock Brokers Pvt.Ltd.
Refer to Soni Soya Products IPO RHP for detailed Information.
IPO Open
Wed, Mar 28, 2018
IPO Close
Wed, Apr 4, 2018
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹12.89 Cr
| IPO Date | 28 Mar to 4 Apr, 2018 |
| Listed on | Thu, Apr 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 96,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.2400 Cr) |
| Fresh Issue (Ex Market Maker) | 17,04,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 17,04,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 33,54,961 shares |
| Share Holding Post Issue | 51,54,961 shares |
| NSE Symbol | SONISOYA |
| ISIN | INE301Z01011 |
Soni Soya Products IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 15,06,000 shares, after excluding 96,000 shares allotted on a firm basis and 1,98,000 shares under a preferential allotment. Of the Net offer 7,53,000 (50.00%) allocated to NII 7,53,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,53,000 | 50.00% | 41.83% |
| Retail Shares Offered | 7,53,000 | 50.00% | 41.83% |
| Preferential Reservations | |||
| Employee Shares Offered | 1,98,000 | 11.00% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.33% | |
| Total Shares Offered | 18,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| NII | Above ₹2 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 2014, Indore based Soni Soya Products Limited is engaged in the business of processing and trading of organic and non- genetically modified organisms (non-GMO) agricultural products such as Soya, Maize ( Corn), Wheat, Flax seeds and Mustard, Oil, Rice, Pulses, Herbs, Spices, and other grains.
The Company is registered with U.S. Food and Drug Administration pursuant to the Federal Food Drug Cosmetic Act and the FDA Food Safety Modernization Act. Soni Soya is also registered with Agricultural and Processed Food Products Export Development Authority of Government of India (APEDA) to export such scheduled products as per APEDA Act, 1985.
The Company is equipped with an in-house testing laboratory to test the products. Its customer base is spread across the globe with presence in countries like Canada, Dubai, South Korea, Sri Lanka, United States of America. The majority of sales revenues are through direct exports which contributed to 97.71%, 82.05% and 67.84% for March 31, 2015, 2016, and 2017 respectively.
The company has 24 employees on its payroll.
| Period Ended | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 23.71 | 17.35 | 5.38 | 6.69 |
| Total Income | 35.22 | 28.77 | 15.19 | 8.00 |
| Profit After Tax | 0.75 | 0.50 | 0.08 | 0.21 |
| EBITDA | 1.13 | 0.16 | 0.31 | |
| NET Worth | 5.48 | 3.03 | 0.73 | 0.22 |
| Reserves and Surplus | 2.18 | 2.89 | 0.69 | 0.21 |
| Total Borrowing | 5.26 | 4.95 | 0.64 | 0.51 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sri Krishna Metcom Ltd. | SME | ₹19.25 Cr | ₹55 | null | ₹49.00 | -10.91% | (+0.00%) |
| CKP Products Ltd. | SME | ₹6.24 Cr | ₹50 | null | ₹50.15 | +0.30% | (+0.00%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | General Corporate Purpose | 0.90 |
| 2 | Working Capital Requirements | 3.00 |
The Soni Soya Products IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 2.61 | 17,04,000 | 44,46,000 | 514 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.55 |
| 2 | Regulatory fees | 0.03 |
| 3 | Marketing and Other Expenses | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹25.10 |
| Low | ₹25.10 |
| High | ₹25.30 |
| Last Trade | ₹25.20 |
Lead Manager Reports
Soni Soya Products IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Mar 28, 2018, and closes on Wed, Apr 4, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Soni Soya Products IPO using UPI as a payment gateway. Zerodha customers can apply in Soni Soya Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Soni Soya Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Soni Soya Products IPO opens on Wed, Mar 28, 2018 and closes on Wed, Apr 4, 2018.
Soni Soya Products IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Soni Soya Products IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Soni Soya Products IPO will be done on Monday, April 9, 2018, and the allotted shares will be credited to your demat account by Wed, Apr 11, 2018. Check the Soni Soya Products IPO allotment status.
The Soni Soya Products IPO listing date is on Thu, Apr 12, 2018.
