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Open
7 Jun 2023
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Close
9 Jun 2023
3
Allotment
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Listing
Mon, Jun 19, 2023
Price Band
₹30 per share
Issue Size
9,44,000 shares (agg. up to ₹3 Cr)
Lot Size
4,000 Shares
Listing Date
Mon, Jun 19, 2023
Latest GMP
₹4
Est. Gain
13.33%
✦ AI Insight
GMP Trend
19-06-2023₹4Est. ₹34+13.33%
18-06-2023₹4Est. ₹34+13.33%
17-06-2023₹4Est. ₹34+13.33%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 42.87x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2022 |
|---|---|
| Assets | 6.50 |
| Total Income | 4.20 |
| Profit After Tax | 0.68 |
| NET Worth | 3.49 |
| Reserves and Surplus | 2.44 |
| Total Borrowing | 0.05 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Annapurna Swadisht Ltd. | SME | ₹30.25 Cr | ₹70 | 21.94 | ₹126.00 | +80.00% | ₹133.55 (-1.40%) |
| Tapi Fruit Processing Ltd. | SME | ₹5.21 Cr | ₹48 | 120 | ₹54.70 | +13.96% | ₹47.70 (-4.60%) |
| Bikaji Foods International Ltd. | Mainboard | ₹880.86 Cr | ₹300 | 119.05 | ₹317.45 | +5.82% | ₹638.40 (-0.08%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance the working capital requirements | 1.80 |
| 2 | General corporate purposes; | 0.65 |
About Sonalis Consumer Products IPO
Incorporated in 2022, Sonalis Consumer Products Limited is engaged in the distribution of nutritious bars and healthy snacks. The company has absorbed the business line & distribution network of Appetite Food. Since Appetite Food has already been in active business for approximately three years, it provides an ideal platform for the Company to grow/expand its business in the region. Sonalis Consumer Products Limited's product portfolio of healthy snacks/food includes: Granola Bar, Healthy Laddu and Puffs, Cheeseling, Chakli, Diet Bhel and Sev. During the period ended December 31, 2022, the company distributed the products across 3 states Maharashtra, Gujarat and Goa aggregating to INR 420.47 Lakhs. Appetite Foods was running its business since March 5, 2020, which was taken over by Sonalis Consumer Products Limited (including all its movable assets, current assets and liabilities) at a total consideration of ₹ 12.87 Lakhs in terms of Business Transfer Agreement dated May 15, 2022. All the products are manufactured in-house at the company's manufacturing facilities located in Vasai. Sonalis Consumer Products Limited has developed an effective business model with stringent control ov
Contact Details
Sonalis Consumer Products Ltd. AddressUnit No.16, Ground Level, Loft & BasementSethia Industrial Estate, Tungareshwar PhataVasai East, Dist.PalgharPalghar, Maharashtra, 4102089867611444cs@appetitefood.inVisit Website