Sonalis Consumer Products, a prominent distributor of nutritious bars and healthy snacks, is another upcoming IPO in June, all set to make waves in the financial market. With an extensive product portfolio and a strong presence across Maharashtra, Gujarat, and Goa, Sonalis Consumer Products offers an enticing investment opportunity.
In this article, we will explore all the details of the upcoming IPO in June- Sonalis Consumer Products IPO, including issue details, size, and more.
About the Company
Incorporated in 2022, Sonalis Consumer Products Limited is a budding player in the distribution of nutritious bars and healthy snacks. It recently acquired the business line and distribution network of Appetite Food, enabling it to leverage the latter’s three-year industry experience for rapid growth. The company’s product portfolio includes a diverse range of healthy snacks like Granola Bars, Healthy Laddu, Puffs, Cheeseling, Chakli, Diet Bhel, and Sev. With in-house manufacturing facilities in Vasai, Sonalis Consumer Products ensures strict control over quality and processes while also managing distribution logistics across India and exploring deemed export sales.
Sonalis Consumer Products IPO- Explore the Details.
1. Bidding Dates and Issue Price
The Sonalis Consumer Products IPO will open for bidding from June 7 to June 9. Its IPO has been priced at ₹30 per share; this fixed price issue aims to raise ₹2.83 crore by issuing 9.44 lakh fresh shares.
2. Issue Size and Lot Size
The upcoming IPO, Sonalis Consumer Products, boasts an issue size of ₹2.83 crore, consisting of 9.44 lakh shares. For retail investors looking to participate, the lot size is set at 4,000 shares, requiring a minimum investment of ₹1,20,000.
3. Basis of Allotment and Refund Initiation
On June 14, the basis of share allotment will be determined, followed by the initiation of refunds on June 15. As the process unfolds, investors can eagerly anticipate the crediting of shares to their demat accounts on June 16.
4. IPO Listing Date
Excitement builds as the Sonalis Consumer Products IPO is scheduled for listing on June 19 at BSE SME, providing investors with a tangible opportunity to witness the performance of their investments.
5. Lead Managers
To ensure the smooth execution of the IPO, Expert Global Consultants Pvt Ltd has been appointed as the sole lead manager.
6. Registrar of the Issue
Purva Sharegistry India Pvt Ltd takes charge as the registrar of the Sonalis Consumer Products IPO.
The Objective of the IPO – General Corporate Purposes
The Sonalis Consumer Products IPO aims to utilise the net IPO proceeds for multiple purposes. These include financing working capital requirements, addressing general corporate needs, and meeting issue expenses. With a clear objective in mind, the company demonstrates a strategic approach to its IPO.
Exploring the Potential of Sonalis IPO – Should You Invest?
Performance Details
Sonalis Consumer Products Limited has swiftly made its mark in the market, distributing its products across Maharashtra, Gujarat, and Goa and generating an impressive revenue of INR 420.47 Lakhs by the end of December 2022. For the period ending December 2022, Sonalis Consumer Products posted a net profit of ₹0.68 crore upon revenue of ₹4.20 crore. The company’s total assets were valued at ₹6.49 crore. These promising financial indicators reflect the company’s growth potential and its ability to generate profits in the competitive market.
Things You Should Know Before Investing.
The Sonalis Consumer Products IPO presents an intriguing opportunity for investors. With a diverse product portfolio, a strong distribution network, and a successful track record of revenue generation, it shows promise for future growth. However, investors should carefully evaluate factors such as market competition, financial performance, and the company’s ability to sustain and expand its operations.
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Sources: livemint.com
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Disclaimer: Investments in the securities market are subject to market risks, read all the related documents carefully before investing.