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 over processes, including raw ingredient procurement, manufacturing operations, inventory management across our large range of products and SKUs, management of distribution logistics across India, as well as managing deemed export sales.
| Purpose | Amount (₹ Cr) |
|---|---|
| To part finance the working capital requirements | ₹2 |
| General corporate purposes; | ₹1 |
| Metric | 31-Dec-22 | ||
|---|---|---|---|
| Total Assets | 650 | — | — |
| Revenue | 420 | — | — |
| PAT | 68 | — | — |
| Net Worth | 349 | — | — |
| Reserves | 244 | — | — |
| Total Borrowing | 5 | — | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 444,000 (47%) | — |
| Retail (RII) | — | 448,000 (47%) | — |
| Market Maker | — | 52,000 (6%) | — |
| Total | — | 944,000 (100%) | — |
* Amount calculated at upper price band (₹30) · ** Total includes all investor categories
- 1 Initiation of Refund 15 Jun 2023
- 2 Credit of Shares to Demat 16 Jun 2023
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 7x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹10.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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