Sonalis Consumer Products Limited IPO : Key Dates

Sonalis Consumer Products Limited IPO is set to launch on 7 June, 2023. The company initiated its business operations in the year 2022. It is into the business of distribution of healthy snacks and nutrition bars. It has absorbed the entire distribution network and business line of the company Appetite Food. As this company had an active base for business with 3 years of experience, expansion and growth has become easier. 

The product portfolio of the firm includes Healthy Laddu, Healthy Puffs, Granola Bar, Chakli, Cheesling and Diet Bhel and Sev. From the day of takeover till date it functions into 3 states Gujarat, Maharashtra and Goa. 

The firm Appetite Foods was taken over by Sonali’s Products at an amount of 12.87 Lakh Rs. The manufacturing facility of the firm is located in Vasai. It has an entire in house manufacturing facility. 

Sonalis Consumer Products Limited IPO DETAILS

Sonalis Consumer Products Limited IPO is set to launch on 7 June, 2023. The subscription timeline extends till 9 June, 2023. The size for the IPO is 2.83 Crore Rs. Shares issued through fresh issue mode are worth 2.83 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 4000 shares and the price is 30 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Purva Sharegistry India Private Limited.

Tabular Description of Sonalis Consumer Products Limited IPO

IPO OPENING DATE	7 June, 2023
CLOSING DATE FOR IPO	9 June, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	30 Rs per share
LOT SIZE	4000 shares
MINIMUM ORDER QUANTITY	4000 shares
ISSUE SIZE	2.83 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	2.83 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	19 June, 2023

Sonalis Consumer Products Limited IPO : IMPORTANT DATES

IPO OPENING DATE	7 June, 2023
CLOSING DATE FOR IPO	9 June, 2023
IPO ALLOTMENT DATE	14 June, 2023
REFUNDS	15 June, 2023
DEMAT A/C CREDITED ON	16 June, 2023
IPO LISTING DATE	19 June, 2023

Sonalis Consumer Products Limited IPO begins for subscription from 7 June, 2023. The IPO subscription would continue till 9 June, 2023. The allotment status for the shareholders who applied would come on 14 June, 2023. The refunds for the ones who did not get allotment would be initiated on 15 June, 2023. The DEMAT accounts of shareholders would be credited on 16 June, 2023. The listing of the company would be accompanied on 19 June, 2023.

Sonalis Consumer Products Limited IPO : Lead Managers

The lead managers are :

• Expert Global Consultants Private Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to  120000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	4000 shares	120000 Rs.
Maximum	8000 shares	240000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The Issue proceeds will be utilised for fulfilling the working capital requirements.
• For strategic investment and acquisitions.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	Dec. 2021-22
ASSETS	649
Revenue	420
PAT	68

PROS

• It is into the business of distribution of healthy snacks and nutrition bars. It has absorbed the entire distribution network and business line of the company Appetite Food. As this company had an active base for business with 3 years of experience, expansion and growth has become easier. The firm Appetite Foods was taken over by Sonali’s Products at an amount of 12.87 Lakh Rs. This entire scenario seems plausible for takeover as Sonali’s Products has already made 68 Lakh Rs in profit by the end of Dec. 2022 itself.
• The product portfolio of the firm includes Healthy Laddu, Healthy Puffs, Granola Bar, Chakli, Cheesling and Diet Bhel and Sev. From the day of takeover till date it functions into 3 states Gujarat, Maharashtra and Goa.
• The manufacturing facility of the firm is located in Vasai. It has an entire in house manufacturing facility.

CONS

• The company works into a very competitive segment.

Sonalis Consumer Products Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Sonalis Consumer Products Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.