Sonalis Consumer Products IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

Let’s have a detailed review of the company and analytics of the Sonalis Consumer Products IPO release date, IPO offer price, subscription, Sonalis Consumer Products Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Sonalis Consumer Products IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Sonalis Consumer Products IPO – Summary

Their Company was incorporated as ‘Sonalis Consumer Products Limited’ pursuant to a Certificate of Incorporation dated March 15, 2022, issued by the Registrar of Companies, Central Registration Centre, as a Public Company under the provisions of the Companies Act, 2013.

The Corporate Identification Number of their Company is U15490MH2022PLC378461. They acquired the running business of the Partnership Firm, M/s. Appetite Food is pursuant to the Business Transfer Agreement dated May 15, 2022.

The Promoter of this company is MS. SONALI NILESH KOCHAREKAR AND MS. SMITA SHASHIKANT SHAH. The lead manager of the issue is Expert Global Consultants Private Limited, and the Registrar of this issue is PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED.

Sonalis Consumer Products IPO Date

The opening and closing dates of Sonalis Consumer Products IPO are 7 June 2023 and 9 June 2023 respectively.

Sonalis Consumer Products IPO Subscription

The shares subscribed by the public will be updated here.

Sonalis Consumer Products IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Sonalis Consumer Products Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Sonalis Consumer Products IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.30 

Sonalis Consumer Products IPO Equity Size

This Initial Public Issue of 944,000 Equity Shares of Rs.10 each for cash at a price of Rs.30 per equity share aggregating to Rs.283 Lakh.

Sonalis Consumer Products IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 944,000 Equity Shares of Rs.10/ each.

Issue Size: 944,000 Equity Shares of Rs.10 each, aggregating to Rs.283 Lakh

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Sonalis Consumer Products IPO – Live Performance

The listing date of this IPO is 19 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

Sonalis Consumer Products IPO Grey Market Premium

The Sonalis Consumer Products Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

Sonalis Consumer Products IPO – Company Overview

Their history and lineage trace 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, Flour, Healthy oil and various spices under the brand name of “Appetite Food” a Partnership firm, incorporated on March 5, 2020.

Their 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.

Over the years leveraged their understanding of our target markets and consumer segments, product innovation capabilities, distribution network, and strategically located manufacturing facilities and have focused their marketing and promotional activities to strengthen their product brands and establish their brands across India.

Sonalis Consumer Products IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Earnings per Equity Share (in Lakh)

Further, their PAT for the period ended on Dec 31, 2022, was Rs. 68.45 Lakh.

Sonalis Consumer Products IPO – Promoters

The Promoter of this company is:

1. MS. SONALI NILESH KOCHAREKAR
2. MS. SMITA SHASHIKANT SHAH

List of Related Parties (Key Managerial Personnel)

• Sonali Nilesh Kocharekar, Chairman and Managing Director
• Smita Shashikant Shah, Whole Time Director
• Prakash Premkumar Jhangiani, Executive Director
• Sundeep Paul Menezes, Independent Director
• Ekta Anuj Chugani, Independent Director

Sonalis Consumer Products IPO – Promoters Holding

• Pre-Issue Share Holding – 73.12%
• Post-Issue Share Holding – 38.59%

Sonalis Consumer Products IPO Offer Details or Issue Details

Sonalis Consumer Products IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. To part finance the working capital requirements;
2. General corporate purposes; and
3. To meet issue expenses.

Sonalis Consumer Products IPO – Business Strategy

• Sustain their focus on semi-urban and rural markets
• Expand their distribution network
• Expand their product portfolio into the nutraceutical segment
• Continue to Focus on Strengthening Their Brands

Sonalis Consumer Products IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• 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 wide range of options; and
• Combining the rich Indian food culture with advanced methods of making snacks in a more healthy way.
• Extensive sales and distribution network.
• Improving operational efficiency.

The relevant quantitative factors are:

Sonalis Consumer Products IPO: Competitive Peers

Sonalis Consumer Products IPO Lead Managers

Sonalis Consumer Products IPO Registrar to offer

Sonalis Consumer Products IPO – Other Details

• Statutory Auditor – M/s. SSRV & Associates, Chartered Accountants
• Legal Counsel to the Company – Sushmita Adhikari & Associates, PCS Firm
• Bankers to the Company –  IDFC First Bank

Sonalis Consumer Products IPO Review by Stock Brokers

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Sonalis Consumer Products Limited IPO News

News 1 – IPO DRHP Download

News 2 – IPO RHP Prospectus Download

Sonalis Consumer Products IPO Review FAQs

Check out various FAQs related to Sonalis Consumer Products IPO:

What is the Issue Size of Sonalis Consumer Products IPO?

The Company is making an initial public offer of 944,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Sonalis Consumer Products IPO?

The price band for this particular IPO ranges between Rs 30. As far as the face value of the share is of concern, it is Rs. 10 per share.

What is the Sonalis Consumer Products IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on 07 June 2023, while the closing date is set at 09 June 2023.

What is the Sonalis Consumer IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 14 June 2023, refund initiation is on 15 June 2023, credit of shares is on 16 June 2023, and share listing date is on 19 June 2023.

What is the Sonalis Consumer IPO Listing Date?

Shares of this company shall be listed in the exchanges on 19 June 2023. The date, when the listing would be done, is stagnant on 19 June 2023.

Who is the Registrar of Sonalis Consumer IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Sonalis Consumer IPO?

Here are the promoters of this IPO – MS. SONALI NILESH KOCHAREKAR AND MS. SMITA SHASHIKANT SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Sonalis Consumer IPO?

They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

Is Sonalis Consumer IPO Good for Investment?

They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Sonalis Consumer Products Company?

They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 68.45.

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