Sonalis Consumer Products IPO will open for subscription from 07 June 2023. the company aims for an issue size of ₹2.83 Cr through this IPO.
Company Overview
| Full name | Sonalis Consumer Products Limited |
| Sector | Fast-Moving Consumer Goods |
| Industry | Consumer Food |
| Company Website | https://appetitefood.in/ |
About Company
Incorporated in 2022, Sonalis Consumer Products has absorbed the business line & distribution network of Appetite Food. The company’s portfolio of healthy snacks/food includes Granola Bars, Laddu, Chakli, Chivda, and Sev which are sold across 3 states – Maharashtra, Gujarat, and Goa.
Sonalis Consumer Products has developed an effective business model with stringent control over processes, including raw ingredient procurement, manufacturing operations, inventory management across a large range of products and SKUs, management of distribution logistics across India, as well as managing deemed export sales.
Appetite Foods was running its business since 5 March 2020 which was taken over by Sonalis Consumer Products at a total consideration of INR 12.87 Lakhs in terms of the business transfer agreement dated 15 May 2022.
The Objective of the Issue
- To part finance the Working Capital Requirements,
- General Corporate Purposes, and
- To meet Issue Expenses.
IPO Timetable
| IPO Opening date | 07 June 2023 |
| IPO Closing | 09 June 2023 |
| Basis of Allotment | 14 June 2023 |
| Initiation Refund | 15 June 2023 |
| Credit to Demat Account | 16 June 2023 |
| Listing Date | 19 June 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹2.83 Cr – 944,000 shares |
| Fresh Issue | ₹2.83 Cr – 944,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹30 per share |
| Lot size | 4000 Shares |
| Retail Allocation | 47.46% |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
Reservation Details
| Market Maker Shares Offered | 52,000 (5.51%) |
| Other Shares Offered | 444,000 (47.03%) |
| Retail Shares Offered | 448,000 (47.46%) |
Financial Performance
| FY 2021* | FY 2022* | 9M FY 2023 | |
| Revenue | 5.60 | 93.13 | 420.47 |
| Expenses | 327.97 | ||
| EBITDA | 0.67 | 1.34 | 92.77 |
| Net income | 0.40 | 0.82 | 68.45 |
Valuations & Margins
| 31 December 2022 | |
| EPS | 10.08 |
| PE ratio | 2.98 |
| RONW (%) | 19.60 |
| NAV | 33.10 |
| ROCE (%) | 26.0 |
| EBITDA (%) | 22.06 |
| Debt/Equity | 0.02 |
Company Promoters
- Sonali Nilesh Kocharekar
- Smita Shashikant Shah
Promoter Holding
| Pre Issue Share Holding | 73.12% |
| Post Issue Share Holding | 38.59% |
Lead Manager(s)
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone: +91 011 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in
IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate,
J. R. Boricha Marg, Opp. Kasturba Hospital Lane
Lower Parel (E) Mumbai – 400011, Maharashtra, India
Phone: 022 2301 2518 / 8261
Email: support@purvashare.com
Website: www.purvashare.com
Contact Details
SONALIS CONSUMER PRODUCTS LIMITED
Unit No. 16, Ground Level, Loft & Basement Sethia Industrial Estate,
Tungareshwar Phata Vasai East Palghar Thane, Maharashtra- 410208, India
Phone: +91-9867611444
Email: cs@appetitefood.in
Website: www.appetitefood.in
Allotment Status
Sonalis Consumer IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.
Final thoughts
Sonalis Consumer Products IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
