Sonalis Consumer Products Limited is engaged in 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 for three years, it provides an ideal platform for the Company to grow / expand its business in the region.
Sonalis Consumer Products Limited diversified product portfolio includes five categories :
- Granola Bar
During the period ended December 31, 2022, the company distributed our 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.
Sonalis Consumer Products IPO – Details
|IPO Opening Date||07 June 2023|
|IPO Closing Date||09 June 2023|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||9,44,000 Shares Worth ₹2.83 Crore|
Fresh Issue: 9,44,000 Shares Worth ₹2.83 Crore
|Face Value||₹10 per equity share|
|Market Lot||4000 Shares|
|Min Order||4000 Shares (1 Lot)|
|Listing At||BSE SME|
|Register||Purva Sharegistry India Pvt Ltd|
|Other Shares Offered||50%|
|Retail Shares Offered||50%|
Sonalis Consumer Products IPO – Date Schedule
|IPO Open Date||07 June 2023|
|IPO Close Date||09 June 2023|
|Basis of Allotment||14 June 2023|
|Initiation of Refund||15 June 2023|
|Credit of Shares to Demat Account||16 June 2023|
|IPO Listing Date||19 June 2023|
Sonalis Consumer Products IPO – Lots Size & Price
|Application||Lots||Shares||Amount ( Cut-Off)|
- Experienced Management team having domain knowledge to scale up and expand into new opportunities.
- Wide product portfolio addressing the needs of varied customers across the industry.
- Supply of quality snacks at an affordable price.
- Providing health and nutrition snacks with vide range of option; and
- Combining the rich Indian food culture with advance method of making of snacks in more healthy way.
- Extensive sales and distribution network.
- Improving operational efficiency.
- Ms. Sonali Nilesh Kocharekar
- Ms. Smita Shashikant Shah
Object Of The Issue
- Working Capital Requirements.
- General Corporate Expenses.
- Issue Expenses.
|Particulars||Total Revenue||Total Expense||Profit After Tax|
|31 December 2022||4.20||3.27||0.68|
Sonalis Consumer Products IPO Promoter Holding
|Pre Issue Share Holding||96.72%|
|Post Issue Share Holding|
Sonalis Consumer Products IPO Prospectus
- Sonalis Consumer Products IPO DRHP
- Sonalis Consumer Products IPO RHP
Company Contact Information
|Sonalis Consumer Products Limited|
Unit No. 16, Ground Level, Loft & Basement,
Sethia Industrial Estate, Tungareshwar Phata
Vasai East Palghar Thane, Maharashtra, 410208
Sonalis Consumer Products IPO Registrar
|Purva Sharegistry India Pvt Ltd|
Phone: +91-022-23018261/ 23016761
Sonalis Consumer Products IPO Lead Manager(s)
|1. Expert Global Consultants Private Limited|
|What is Sonalis Consumer Products IPO?|
Sonalis Consumer Products IPO is a SME IPO. The issue is priced at ₹30 per equity share. The IPO is to be listed on BSE SME.
|When Sonalis Consumer Products IPO will open?|
The IPO is to open on 07 June 2023 for NII and Retail Investors.
|How to Sonalis Consumer Products IPO?|
You can apply Sonalis Consumer Products IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
|How to Apply the Sonalis Consumer Products IPO through 5 Paisa?|
Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sonalis Consumer Products”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
|How to Apply the Sonalis Consumer Products IPO through Edelweiss?|
Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sonalis Consumer Products”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
|What is Sonalis Consumer Products IPO Size?|
Sonalis Consumer Products IPO size is ₹2.83 crores.
|What is Sonalis Consumer Products IPO Price Band?|
Sonalis Consumer Products IPO Price Band is ₹30.
|What is Sonalis Consumer Products IPO Minimum and Maximum Lot Size?|
The minimum bid is 4000 Shares with ₹1,20,000 amount while the maximum bid is 4000 shares with ₹1,20,000.
|What is the Sonalis Consumer Products IPO Allotment Date?|
Sonalis Consumer Products IPO allotment date is 14 June 2023.
|What is the Sonalis Consumer Products IPO Listing Date?|
Sonalis Consumer Products IPO listing date is 19 June 2023. The IPO is to list on BSE SME.