Sonalis Consumer Products (BSE SME)
June 7, 2023 – June 9, 2023
| Price | ₹30 - ₹30 |
| Premium | ₹4 |
|---|---|
| Lot size | 4000 |
| Allotment | Jun 14, 2023 |
| Listing | Jun 19, 2023 |
Sonalis Consumer Products Limited
Unit No. 16, Ground Level, Loft & Basement,
Sethia Industrial Estate, Tungareshwar Phata
Vasai East Palghar Thane, Maharashtra, 410208
Phone: 9867611444
Email: cs@appetitefood.in
Website: https://appetitefood.in/
| Investor Category | Subscription (times) |
|---|---|
| Non-Institutional Buyers** | 38.41 |
| Retail Investors | 48.30 |
| Total | 43.47 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 4000 | 120000 | 0 |
| HNI | 2 | 8000 | 240000 | 0 |
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.
Sonalis Consumer Products IPO Details
| Total Issue Size | 944,000 shares (aggregating up to ₹2.83 Cr) |
| Fresh Issue | 944,000 shares (aggregating up to ₹2.83 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,055,000 |
| Share holding post issue | 1,999,000 |
| Market Maker portion | 52,000 shares |
Sonalis Consumer Products IPO Reservation
| Other Shares Offered | 448,000 (50.22%) |
| Retail Shares Offered | 444,000 (49.78%) |
| Total Shares Offered | 892,000 |
Note:
- Market Maker portion of 52,000 equity shares is added to NII Reservation.
- Total Shares offered: QIB+NII+RII.
Company Financials
| Period Ended | 31-Dec-22 |
|---|---|
| Total Assets | 649.77 |
| Total Revenue | 420.47 |
| Profit After Tax | 68.45 |
| Net Worth | 349.21 |
| Reserves and Surplus | 243.71 |
| Total Borrowing | 5.41 |