Sonalis Consumer Products was incorporated on March 15, 2022. The company specializes in the production of savored nutritious snacks, specifically Nutri-Bars and healthy Indian trail mixes. Under the brand name "Appetite Food," the company offers a range of nutritious bars and snacks made from a variety of nuts, seeds, flours, healthy oils, and spices.
| Bidding Dates |
|---|
| 07 Jun 2023 - 09 Jun 2023 |
| Subscription |
|---|
| 41.14x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 4000 | 944.0 K | ₹30 | 52.78 % | ₹28.3 M | RHP DOC |
Sonalis Consumer Products IPO SUBSCRIPTION STATUS
09 Jun '23Sonalis Consumer Products IPO overall subscription rate was 41.14 times the total available shares
Sonalis Consumer Products IPO retail subscription rate was 45.86 times in the retail segment
Sonalis Consumer Products IPO non-institutional investor subscription rate was 36.42 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
09 Jun 2023 (Day 3) | 45.86x | 36.42x | - |
08 Jun 2023 (Day 2) | 10.14x | 1.41x | - |
07 Jun 2023 (Day 1) | 2.49x | 0.79x | - |
Sonalis Consumer Products FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY23 | 6.8 | 42.0 | -20.0 | -21.6 | 22.1% |
Sonalis Consumer Products IPO SUBSCRIPTION STATUS DETAILS
Sonalis Consumer Products had 944.0 K shares on offer
Sonalis Consumer Products IPO offer price was ₹30
Sonalis Consumer Products IPO minimum Investment was ₹120000
Sonalis Consumer Products IPO issue size was ₹ 28.3 M
Sonalis Consumer Products had a minimum lot size of 4000 Shares per application
Sonalis Consumer Products NUMBER OF SHARES ON OFFER
Sonalis Consumer Products IPO IMPORTANT DATES
| Issue Open Date | 07 Jun 2023 |
| Issue close Date | 09 Jun 2023 |
| Allotment Date | 14 Jun 2023 |
| Refund Date | 15 Jun 2023 |
| Demat Account Credit Date | 16 Jun 2023 |
| Listing Date | 19 Jun 2023 |
| Listing on Exchange(s) | BSE |
| Sonalis Consumer Products Allotment Status | Exchange |
Sonalis Consumer Products IPO subscription opened on 07 Jun 2023, and closed on 09 Jun 2023
IPO allotment for Sonalis Consumer Products was finalized on Wednesday, 14 Jun 2023
IPO listing for Sonalis Consumer Products was on BSE on Monday, 19 Jun 2023
Sonalis Consumer Products IPO LISTING GAINS
| Issue Price (adjusted) | 30.0 |
| Listing Open Price | 38.0 |
| Listing Close Price | 39.9 |
| Listing Gain% | 26.7% |
| Current Gain% | 63.3% |
Sonalis Consumer Products Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sonalis Consumer Products Ltd. | 49 | 9.8 | 2.7 | 0.1 | 0.1 | 26.4 | 17.8 | 149.9 | 40.5 | 8.7 | 226.9 | 18.3 | 37.6 |
| Nestle India Ltd. | 1540 | 296960.4 | 77.9 | 3.4 | 12.2 | 67.8 | 26.5 | 23195 | 14.5 | 3499.1 | 9.1 | 19.8 | 22.6 |
| Britannia Industries Ltd. | 5510 | 132718.4 | 51 | 2.7 | 6.8 | 49.6 | 26 | 19375.6 | 6.6 | 2533.5 | 16.3 | 108.1 | 18.7 |
| Hatsun Agro Products Ltd. | 941.1 | 20962.9 | 56.3 | 2.5 | 2 | 18.3 | 8 | 9972.9 | 14.8 | 356.2 | 24.8 | 16.7 | 22.9 |
| Zydus Wellness Ltd. | 533.8 | 16985 | 90.2 | -2.1 | 3.7 | 3.4 | 1.9 | 3967.4 | 45.7 | 197.2 | -43.2 | 5.9 | -42.5 |
| Bikaji Foods International Ltd. | 623.5 | 15633.4 | 60.5 | 2.2 | 5.1 | 16.1 | 11.5 | 3045.3 | 14.7 | 258.3 | 28.6 | 10.3 | 27.9 |
Sonalis Consumer Products INFORMATION ON IPO ISSUE
About Sonalis Consumer Products
Sonalis Consumer Products was incorporated on March 15, 2022. The company specializes in the production of savored nutritious snacks, specifically Nutri-Bars and healthy Indian trail mixes. Under the brand name "Appetite Food," the company offers a range of nutritious bars and snacks made from a variety of nuts, seeds, flours, healthy oils, and spices.
Object of the Issue
- To finance the working capital requirements
- To meet issue expenses
- General corporate purposes
Sonalis Consumer Products - PROMOTERS
| Name |
|---|
| Sonali Nilesh Kocharekar |
| Smita Shashikant Shah |
Sonalis Consumer Products Lead Manager to the Issue
Expert Global Consultants Private Limited
ipo@expertglobal.in
Sonalis Consumer Products Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
Sonalis Consumer Products Strengths
Amongst a few organised players
The company is amongst a few organised players in the granola bars and diet bhel segment of confectionaries with a well-established distribution network
Diversified product portfolio
The company has regularly expanded its product portfolio, which includes a variety of offerings such as granola bars, chakli, laddu, chivda, and sev, based on market feedback. Additionally, the company understands the importance of customer convenience and caters to their needs by offering products in different packaging sizes
Sonalis Consumer Products Risks
Limited number of customers, suppliers
The company relies heavily on a limited number of customers and suppliers for its sales and purchases. The loss of any of these key customers or suppliers would have a significant impact on the company's business
Competition
The company faces competition in its business from organized and unorganized players, which may adversely affect the business
IPO FAQs
The promoters of the company are Sonali Nilesh Kocharekar and Smita Shashikant Shah.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 30.0 - 30.0.
The IPO application opens on Jun 07, 2023 and closes on Jun 09, 2023.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jun 14, 2023.
The refund will be credited to your account on Jun 15, 2023.
The allotted shares will be credited to your demat on Jun 16, 2023.
Sonalis Consumer Products Ltd.’s shares listed on the stock exchanges on Jun 19, 2023.