Sonalis Consumer Products Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 444,000 (47%) | — | ₹133 Cr |
| Retail | — | 448,000 (47%) | — | ₹134 Cr |
| Market Maker | — | 52,000 (6%) | — | ₹2 Cr |
| Σ Total | — | 944,000 (100%) | — | ₹2,832 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹120,000 |
| Retail (Max) | 13 | 52,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 268,000 | ₹8,040,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Dec-22 |
|---|---|
| Revenue | 420 |
| Profit After Tax | 68 |
| Net Worth | 349 |
| Total Assets | 650 |
| Reserves & Surplus | 244 |
| Total Borrowing | 5 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To part finance the working capital requirements – 1.80
- General corporate purposes; – 0.65
Company Overview
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.