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Sonalis Consumer Products IPO GMP, Price, Dates & Allotment Details 2023

Sonalis Consumer Products IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The Sonalis Consumer Products IPO will open on June 7 and close on June 9, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 2.83 crores through this public offering, consisting of 9.44 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 30 per share.

Sonalis Consumer Products Limited (“the Company”)

Incorporated in 2022. The company is in the business of distributing nutritious bars and healthy snacks. This company has absorbed the business line and 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 and expand its business in the region. Over the years, they have leveraged our understanding of our target markets and consumer segments, product innovation capabilities, distribution network, strategically located manufacturing facilities, and marketing and promotional activities to strengthen their product brands and establish them across India.

Company diversified product portfolio includes five categories:

  • Granola Bar
  • Laddu
  • Chakli
  • Chivda
  • Sev

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  1. To partially finance the working capital requirements
  2. General Corporate Purposes
  3. To meet issue expenses

Financial Highlights (Restated)

ParticularsThe period ended on 31st Dec. 2022
Net Worth349.21
Total Assets649.77
Total Borrowings5.21
Total Revenue420.47
Profit After Tax68.45
(Amount in ₹ Lakhs)

IPO details

As per the DRHP filed with SEBI, 9.44 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 52,000 shares of the offering. While Expert Global Consultants Private Limited will be the lead manager for the IPO, Purva Sharegistry India Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.

Issue TypeFixed Price Issue IPO
IPO Price₹ 30 per share
Face Value₹ 10 per share
Market Lot4,000 shares
Issue Size944,000 shares (aggregating up to ₹ 2.83 crores)
Fresh Issue944,000 shares (aggregating up to ₹ 2.83 crores)
Listing AtBSE SME
Company PromotersMs. Sonali Nilesh Kocharekar And Ms. Smita Shashikant Shah

Market Maker

Market maket portion of 52,000 equity shares is added to NII Reservation. 

Market maker portion52,000 shares

IPO Reservation: Sonalis Consumer Products IPO

CategoriesNo. of shares offered
Retail448,000 shares (50.22%)
Other444,000 shares (49.78%)
Total892,000 shares

GMP: Sonalis Consumer Products IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Sonalis Consumer Products IPO

The issue opens for subscription on June 7, 2023, and closes for subscription on June 9, 2023 (both days inclusive). The basis of allotment will be finalised on June 14, 2023, and the refunds will be initiated on June 15, 2023. In addition, the demat credits are expected to happen on June 16, 2023, and the stock will be listed on the BSE SME on June 19, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateJune 7, 2023,
Closing DateJune 9, 2023
Basis of AllotmentJune 14, 2023
Initiation of RefundsJune 15, 2023
A credit of shares to Demat A/cJune 16, 2023
Listing DateJune 19, 2023

Lot Size

The lot size of the Sonalis Consumer Products IPO is 4,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 4,000 shares of ₹ 120,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)14000₹ 120,000
Retail (Maximum)14000₹ 120,000
HNI (Minimum)28,000₹ 240,000

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationSonalis Consumer Products Limited
Unit No. 16, Ground Level, Loft & Basement,Sethia
Industrial Estate, Tungareshwar Phata Vasai East Palghar Thane, Maharashtra, 410208
Phone: 9867611444
Email: [email protected]
Website: https://appetitefood.in/
IPO RegistrarPurva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: http://www.purvashare.com
IPO Lead Manager(s)Expert Global Consultants Private Limited 

FAQs

The Sonalis Consumer Products IPO price is ₹ 30 per share

The minimum investment size is one lot for retail investors. One lot of the Sonalis Consumer Products IPO contains 4,000 shares of ₹ 120,000.

The finalisation of the basis of allotment for the Sonalis Consumer Products IPO will be done on June 14, 2023, and the allotted shares will be credited to your demat account by June 16, 2023. Check the Sonalis Consumer Products IPO allotment status.

The Sonalis Consumer Products IPO shares listing date is June 19, 2023.

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