June 19, 2023
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Sonalis Consumer Products IPO Details & Review at Chanakyanipothi.com,
the Oldest & the most Trusted Investment Website in India for coming up IPOs. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Sonalis Consumer Products IPO Listing:
As compared to issue price of Rs. 30 and grey market premium of Rs. 4, ahead of listing, the scrip got listed at Rs. 38.
Sonalis Consumer Products IPO Review:
The company is recently incorporated, and hence financial track record is insufficient. However, the IPO size is very small and hence oversubscription seems to be a cakewalk.
What is the Subscription status of Sonalis Consumer Products?
On 9 June 2023 @ 5.00 (Closed)
NII: 496000 Shares 38.41 T
RII: 448000 Shares 48.08 T
Total: 944000 Shares 43.36 T
Sonalis Consumer Products IPO Particulars & Guidance:
About the business
The Company was incorporated as ‘Sonalis Consumer Products Limited’ It acquired the running business of the Partnership Firm, M/s. Appetite Food pursuant to the Business Transfer Agreement dated May 15, 2022.
Its history and lineage traces back to Ms. Sonali Nilesh Kocharekar and Ms. Smita Shashikant Shah, both avid health aware foodies, who savoured nutritious snacks in the compact form of Nutri -Bars and healthy Indian trail mixes. They created a line of nutritious bars and snacks that are made out of various Nuts, Seeds, Flours, Healthy oil and various spices under the brand name of “Appetite Food” a
Partnership firm, incorporated on March 5, 2020.
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. It has over the years leveraged its understanding of ourtarget markets and consumersegments, product innovation capabilities, distribution
network, strategically located manufacturing facilities and have focused our marketing and promotional activities to strengthen its product brands and establish its brands across India
Get more information about the company @ www.appetitefood.in
| Sonalis Consumer Products IPO Details | |
| IPO opens on Tentative | 7 June 2023 |
| IPO closes on | 9 June 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 944000 Sh /Rs 2.83 Cr |
| * Fresh Issue | 944000 Sh /Rs 2.83 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.30 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 4000 Shares |
| Listing will at | BSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (-%) | – | – |
| NII (-%) | 448000 | 1.34 |
| RII (-%) | 444000 | 1.33 |
| Total Shares | 892000 | 2.68 |
| Retail portion will be oversubscribed by | 111 | |
| Forms | ||
| How much Shares to Apply in Sonalis Consumer Products IPO? | ||
| Min Retail Application | 4000 Sh | Rs. 120000 |
| Min HNI Application | 8000 Sh | Rs. 240000 |
Who are the Promoters of Sonalis Consumer Products IPO?
MS. SONALI NILESH KOCHAREKAR AND MS. SMITA SHASHIKANT SHAH
What are the Objects of Sonalis Consumer Products IPO?
The Company proposes to utilize the Net Proceeds from the Issue
1) Funding of working capital requirements of the Company
| IPO Tentative timetable | |
| IPO opens on | 7 June 2023 |
| IPO Closes on | 9 June 2023 |
| IPO Allotment on | 14 June 2023 |
| Unblocking of ASBA | 15 June 2023 |
| Credit of Shares | 16 June 2023 |
| Listing on | 19 June 2023 |
| Registered Office of the Company |
| Unit No. 16, Ground Level, Loft & Basement, Sethia Industrial Estate, Tungareshwar Phata Vasai East Palghar Thane, Maharashtra- 410208, India |
| Who are the Lead Managers of Sonalis Consumer Products IPO? |
| Expert Global Consultants Pvt Ltd |
| Who is the Registrar to IPO? |
| PURVA SHAREGISTRY (INDIA) Pvt Ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | – | – | – | – |
| 2020-21 | – | – | – | – |
| 2022-23 (upto 31.12.22) | 4.20 | 0.68 | 10.08 | 19.60 |
| Book Value of the Share on | 31.12.2022 | Rs.33.10 | ||
| Book Value of the Share | after the IPO | Rs. – | ||
| Offer Price | Rs. 30 | |||
| Sonalis Consumer Products Key Performance indicators |
|
| Upper Price/last EPS | 3 |
| Upper price/BV Ratio | 0.90 |
| Upper price/BV after IPO | – |
–
Sonalis Consumer Products IPO particulars & Guidance
Peer Comparison:
| As on date of DRHP | FV | Total Income | PE |
| Rs. | Rs. In Cr | Ratio of | |
| The IPO Company | 10 | 4.20 | 3 |
| DFM Foods | 2 | 603 | N.A. |
| Nakoda | 10 | 62.21 | 82.20 |
| Pratap Snacks | 5 | 1628 | N.A. |
| Annapurna Sweets | 10 | 65.62 | 66.10 |
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