Sonalis Consumer Products Limited’s Initial Public Offering (IPO) is going to be a fixed price issue of equity shares. Sonalis Consumer Products Limited has scheduled its IPO for the week of June 7th to 9th, 2023. With a market lot of 4000 shares, the IPO price band is set at 30. The IPO might generate up to Rs. 2,83 Cr. if all 944,000 shares are sold at their face value of Rs. 10. Let’s find out more about their IPO this coming June of 2023.
About Sonalis Consumer Products Limited
Sonalis Consumer Products Limited began selling nutritious bars and other healthy snacks in 2022. The company has absorbed Appetite Food’s product portfolio and distribution system. Appetite Food has been operating for about three years, making it a perfect foundation for the Company’s regional expansion. Granola Bar, Healthy Laddu and Puffs, Cheeseling, Chakli, Diet Bhel, and Sev are just a few of the healthy snacks and meal options offered by Sonalis Consumer Products Limited. The whole amount of INR 420.47 Lakhs that the company spent on distribution during the year ending December 31, 2022, was split between the states of Maharashtra, Gujarat, and Goa.
Under the provisions of a Business Transfer Agreement dated May 15, 2022, Sonalis Consumer Products Limited acquired the operations of Appetite Foods, which had been in operation since March 5, 2020, for a total value of 12.87 Lakhs (including all of Appetite Foods’ movable assets, current assets, and liabilities). The company’s manufacturing facilities in Vasai are responsible for the production of all items. When it comes to managing their raw ingredient procurement, manufacturing operations, inventory management across their wide variety of products and stock keeping units (SKUs), distribution logistics across India, and deemed export sales, Sonalis Consumer Products Limited has developed a successful business model with strict control over processes.
Sonalis Consumer Products Limited IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 07th June 2023 |
| Issue Closes | 09th June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 30 Per Share |
| Issue Size | 944,000 Shares (Rs 2.83 crores) |
| Minimum Order Quantity | 4000 Shares |
| Listing | BSE, SME |
Purpose of the Issue
The proceeds from the Issue will be used by the company for the following purposes:
- In order to help fund the Needs in Working Capital
- The Company’s General Purposes
- To cover Issue Expenses
Sonalis Consumer Products Limited — Company Contact Details
- Registered & Corporate Office: Unit No. 16, Ground Level, Loft & Basement, Sethia Industrial Estate, Tungareshwar Phata, Vasai East Palghar Thane, Maharashtra, 410208
- Telephone: +91 9867611444
- Website: https://appetitefood.in/
Sonalis Consumer Products Limited IPO – Lead Managers of the Issue
Expert Global Consultants Private Limited
- Office Address: 1511, RG Trade Tower Netaji Subhash Place, Pitampura, New Delhi – 110 034, India
- Telephone: 011 4509 8234
- Email: ipo@expertglobal.in
Sonalis Consumer Products Limited IPO – Registrar of the Issue
Purva Sharegistry India Pvt Ltd
- Telephone: +91-022-23018261/ 23016761
- Email: support@purvashare.com
- Website: http://www.purvashare.com
Sonalis Consumer Products Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
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