Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Wed, Jun 7, 2023 - Fri, Jun 9, 2023
Sonalis Consumer Products IPO is a fixed price issue of ₹2.83 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹2.83 crore.
Sonalis Consumer Products IPO bidding started from Jun 7, 2023 and ended on Jun 9, 2023. The allotment for Sonalis Consumer Products IPO was finalized on Jun 14, 2023. The shares got listed on BSE SME on Jun 19, 2023.
Sonalis Consumer Products IPO price is ₹30 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Sonalis Consumer Products IPO RHP for detailed Information.
IPO Open
Wed, Jun 7, 2023
IPO Close
Fri, Jun 9, 2023
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹6.00 Cr
| IPO Date | 7 to 9 Jun, 2023 |
| Listed on | Mon, Jun 19, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 9,44,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 52,000 shares Beeline Broking Ltd. (agg. up to ₹0.1560 Cr) |
| Fresh Issue (Ex Market Maker) | 8,92,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 8,92,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 10,55,000 shares |
| Share Holding Post Issue | 19,99,000 shares |
| BSE Script Code | 543924 |
| ISIN | INE0N5O01013 |
Sonalis Consumer Products IPO comprises a total issue size of 9,44,000 shares. The net offer to the public is 8,92,000 shares, after excluding 52,000 shares allotted on a firm basis. Of the Net offer 4,44,000 (49.78%) allocated to NII 4,48,000 (50.22%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,44,000 | 49.78% | 47.03% |
| Retail Shares Offered | 4,48,000 | 50.22% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 52,000 | 5.51% | |
| Total Shares Offered | 9,44,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
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 | 31 Dec 2022 |
|---|---|
| Assets | 6.50 |
| Total Income | 4.20 |
| Profit After Tax | 0.68 |
| NET Worth | 3.49 |
| Reserves and Surplus | 2.44 |
| Total Borrowing | 0.05 |
| Amount in ₹ Crore | |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance the working capital requirements | 1.80 |
| 2 | General corporate purposes; | 0.65 |
| KPI | |
|---|---|
| RoNW | 19.60% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.08 | |
| P/E (x) | 6.56 | |
| Promoter Holding | 73.12% | 38.59% |
| Market Cap | ₹6.00 Cr. |
The Sonalis Consumer Products IPO is subscribed 43.48 times on June 9, 2023 7:02:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 38.41 | 4,44,000 | 1,70,56,000 |
| Retail | 48.31 | 4,48,000 | 2,16,44,000 |
| Total | 43.48 | 8,92,000 | 3,87,80,000 |
Total Application : 6,151
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.18 |
| 2 | Issue relating expenses such as fees to Lead manager Fixed Fee, Registrar to the Issue Legal Advisors, Auditors, Consultants, Paper Advertisements and other expenses incurred/ to be incurred including promotional expenses. | 0.15 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees and other regulatory expenses. | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹38.00 |
| Low | ₹38.00 |
| High | ₹39.90 |
| Last Trade | ₹39.90 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Sonalis Consumer Products IPO is a SME IPO of 9,44,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Jun 7, 2023, and closes on Fri, Jun 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 Wed, Jun 7, 2023 and closes on Fri, Jun 9, 2023.
Sonalis Consumer Products IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Sonalis Consumer 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 Sonalis Consumer Products IPO will be done on Wednesday, June 14, 2023, and the allotted shares will be credited to your demat account by Fri, Jun 16, 2023. Check the Sonalis Consumer Products IPO allotment status.
The Sonalis Consumer Products IPO listing date is on Mon, Jun 19, 2023.
