IPO Details
Bidding Dates
07 Jun '23 - 09 Jun '23
Minimum Investment
₹120,000 / 1 Lots (4000 Shares)
Price Range
₹30
Maximum Investment
₹120,000 / 1 Lots (4000 Shares)
Retail Discount
Not Applicable
Issue Size
₹2.83 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jun 7, 2023
IPO Closing Date
Jun 9, 2023
Basis of Allotment
Jun 14, 2023
Initiation of Refunds
Jun 15, 2023
Credit of Shares to Demat Account
Jun 16, 2023
IPO Listing Date
Jun 19, 2023
IPO Subscription Details
| Date | QIB | NII | Retail |
|---|---|---|---|
Day 1Jun 7, 2023 |
0.59 | 2.85 | |
Day 2Jun 8, 2023 |
1.36 | 10.69 | |
Day 3Jun 9, 2023 |
2.85 | 21.35 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | [.] |
| Non-Institutional Buyers | 2.85 |
| Retail Investors | 21.35 |
| Employees | [.] |
| Others | [.] |
| Total | 12.16 |
About Sonalis Consumer Products Ltd. IPO
The company promoters, Sonali Nilesh Kocharekar and Smita Shashikant Shah are both avid health-aware foodies and together they created a nutrition-conscious snack brand, Appetite Food.
Sonalis Consumer Products acquired the business line and distribution of Appetite Food. Appetite Food has been in active business for three years and provided the platform for the company to grow and expand its business. The company offers a diversified product portfolio that includes granola bars and Indian savoury and sweet items.
The company has a well-equipped, in-house manufacturing unit in Vasai to produce an entire product range. The manufacturing unit is FSSAI certified.
Sonalis Consumer Products has a PAN India distribution channel and has distributed products worth Rs. 295.19 lakh in three states of Maharashtra, Gujarat, and Goa in the period ending on September 30, 2022.
Sonalis Consumer Products Ltd. IPO Details
Sonalis Consumer Products have filed papers with SEBI to raise capital through an initial public offering (IPO). We will update the offer details when they are available.
Sonalis Consumer Products Ltd. IPO Objective
The company proposes to utilise the net proceeds from the offer to fund the following objects.
- To finance the working capital requirements.
- Meet issue expenses
- General corporate purposes
Should you invest in Sonalis Consumer Products Ltd.?
Here are the top reasons to consider before investing in Sonalis Consumer Products Ltd. IPO.
- Appetite Foods has been running its business for the last 3 years.
- It has a dedicated team to help it develop a scalable business model.
- The company is already in talks with other firms and importers to expand their business to the USA and Europe to sell under thor-party private labels.
Competitive Peers
Other players of Sonalis Consumer Product Ltd. according to the DRHP prospectus are DFM Food, Nakoda Group of Industries Ltd., Prataap Snacks Ltd., and Annapurna Swadisht Ltd.
Sonalis Consumer Products Ltd. Noteworthy highlights
- The total acquisition value of Appetite Food by Sonalis Consumer Products is Rs.12.87 lakh.
- The top 6 customers contributed 58.43% of the total revenue of the firm in the period ending on September 30, 2022.
IPO Financials
| Particulars | Period ending on September 30, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 295.19 | 93.13 | 5.6 |
| Profit After Tax (PAT) | 37.95 | 0.82 | 0.4 |
| PAT Margin | 12.86% | 0.88% | 4.14% |
| EBITDA | 50.87 | 1.34 | 0.67 |
| EBITDA Margin | 17.23% | 1.44% | 11.96% |
Know before investing
Strengths
3-
The brand offers an extensive range of nutritious snacks.
-
It has extensive knowledge of the target market and consumer segment.
-
It has a strategically located manufacturing unit for easy raw materials procurement.
Risks
3-
The transfer of name between Sonalis Consumer Products and Appetite Food is still underway.
-
There isn’t enough financial data and track record to base decisions.
-
It operates in the niche market of healthy snacks and is dependent on a few customers.
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Sonalis Consumer Products IPO FAQs
Sonalis Consumer Products IPO is a SME IPO of 944,000 equity shares of the face value of ₹10 aggregating up to ₹2.83 Crores.
The Basis of Allotment date is fixed on June 14, 2023
Sonalis Consumer Products IPO lot size is 4000 Shares.
The Sonalis Consumer Products IPO opens on Jun 7, 2023 and closes on Jun 9, 2023.
Retail investors can apply for a minimum of one lot.
You can check the IPO share allotment status froM Angel One’s mobile app. Log in to the app and validate with OTP.
To check the allotment status, enter your application number, DP ID, and PAN number into the app.
Listing gains cannot be measured before the listing of the IPO on the stock exchange.
Under the new system, the bank will block the amount initially in your account. The money will be debited when the shares are allotted or the bank will unblock the amount after the UPI mandate expiry date.
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You can submit only one application using one PAN card.
