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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 ₹30.00 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). The minimum lot size investment for 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 Date | June 7, 2023 to June 9, 2023 |
| Listing Date | June 19, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 9,44,000 shares (aggregating up to ₹2.83 Cr) |
| Reserved for Market Maker | 52,000 shares Beeline Broking Ltd. (aggregating up to ₹0.1560 Cr) |
| Net Offered to Public | 8,92,000 shares (aggregating up to ₹2.68 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 10,55,000 shares |
| Share Holding Post Issue | 19,99,000 shares |
Sonalis Consumer Products IPO offers total 9,44,000 shares. Out of which 4,44,000 (47.03%) allocated to NII, 4,48,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 52,000 (5.51%) |
| NII (HNI) Shares Offered | 4,44,000 (47.03%) |
| Retail Shares Offered | 4,48,000 (47.46%) |
| Total Shares Offered | 9,44,000 (100.00%) |
Sonalis Consumer Products IPO opens on June 7, 2023, and closes on June 9, 2023.
| IPO Open Date | Wed, Jun 7, 2023 |
| IPO Close Date | Fri, Jun 9, 2023 |
| Tentative Allotment | Wed, Jun 14, 2023 |
| Initiation of Refunds | Thu, Jun 15, 2023 |
| Credit of Shares to Demat | Fri, Jun 16, 2023 |
| Tentative Listing Date | Mon, Jun 19, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 9, 2023 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||||||
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...
| Listing Date | June 19, 2023 |
| BSE Script Code | 543924 |
| NSE Symbol | |
| ISIN | INE0N5O01013 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹38.00 |
| Low | ₹38.00 |
| High | ₹39.90 |
| Last Trade | ₹39.90 |
Sonalis Consumer Products Ltd.
Unit No. 16, Ground Level, Loft & Basement,
Sethia Industrial Estate, Tungareshwar Phata
Vasai East Palghar Thane,
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
Sonalis Consumer Products IPO is a SME IPO of 9,44,000 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.
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, 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 Friday, June 16, 2023. Check the Sonalis Consumer Products IPO allotment status.
The Sonalis Consumer Products IPO listing date is on Monday, June 19, 2023.
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