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Soni Soya Products IPO is a fixed price issue 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 NSE SME on Apr 12, 2018.
Soni Soya Products IPO price is ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares). The minimum lot size investment for 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 Date | March 28, 2018 to April 4, 2018 |
| Listing Date | April 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹4.50 Cr) |
| Reserved for Market Maker | 96,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.2400 Cr) |
| Net Offered to Public | 17,04,000 shares (aggregating up to ₹4.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 33,54,961 shares |
| Share Holding Post Issue | 51,54,961 shares |
Soni Soya IPO offers total 18,00,000 shares. Out of which 7,53,000 (41.83%) allocated to NII, 7,53,000 (41.83%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.33%) |
| NII (HNI) Shares Offered | 7,53,000 (41.83%) |
| Retail Shares Offered | 7,53,000 (41.83%) |
| Employee Shares Offered | 1,98,000 (11.00%) |
| Total Shares Offered | 18,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Soni Soya Products IPO opens on March 28, 2018, and closes on April 4, 2018.
| IPO Open Date | Wed, Mar 28, 2018 |
| IPO Close Date | Wed, Apr 4, 2018 |
| Tentative Allotment | Mon, Apr 9, 2018 |
| Initiation of Refunds | Tue, Apr 10, 2018 |
| Credit of Shares to Demat | Wed, Apr 11, 2018 |
| Tentative Listing Date | Thu, Apr 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 4, 2018 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
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.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||||
| Total Assets | 1,734.84 | 538.24 | 669.24 | |||
| Total Revenue | 2,877.14 | 1,519.45 | 800.22 | |||
| Profit After Tax | 50.16 | 8.03 | 20.92 | |||
The Company Soni Soya Products IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | General Corporate Purpose | 0.90 |
| 2 | Working Capital Requirements | 3.00 |
[Dilip Davda] <p>Considering fully priced offer, cash surplus risk savvy investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | April 12, 2018 |
| BSE Script Code | |
| NSE Symbol | SONISOYA |
| ISIN | INE301Z01011 |
| Final Issue Price | ₹25 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹25.10 |
| Low | ₹25.10 |
| High | ₹25.30 |
| Last Trade | ₹25.20 |
Soni Soya Products Ltd.
Off no: CS-1, P Square Building,
2nd floor, 350,
Goyal Nagar,
Indore, Madhya Pradesh, 452016
Phone: +91 07314056609
Email: cs@sonisoya.com
Website: http://www.sonisoya.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Soni Soya Products IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on March 28, 2018, and closes on April 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 March 28, 2018 and closes on April 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 Wednesday, April 11, 2018. Check the Soni Soya Products IPO allotment status.
The Soni Soya Products IPO listing date is on Thursday, April 12, 2018.
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