Sonalis Consumer Products Limited

Company Profile
Company Name Sonalis Consumer Products Limited
Open Date 07-06-2023
Close Date 09-06-2023
Exchange BSE SME
Lot Size 4000 shares
Issue Price ₹ 30 per share
Issue Size 9,44,000Equity Shares
Application Amount ₹ 1,20,000
Recommendation Avoid
Sonalis Consumer Products Ltd was incorporated in the year 2022 headquartered in Mumbai-Maharashtra. Company is engaged in the distribution of nutritious bars and healthy snacks. Company’s promoters previously have created a line of nutritious bars and snacks that are made out of various Nuts, Seeds, Flours, Healthy oil and various spices under the brand name of “Appetite Food” a Partnership firm, incorporated on March 5, 2020. Company has absorbed the business line & distribution network of Appetite Food. Since, Appetite Food has already been in active business for approximately for three years. Company manufactures a range of products under the private labelling arrangement and contract manufacturing arrangements with its customers and also trade in Agro products. Over the years, they have developed a large pan-India distribution network in the general trade and through otheir distributors, with also supply in the modern trade segment.
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Summary of Financials (All financials in Lakh)

For the Period Ended Dec-22
Total Assets 649.77
Net Assets 655.03
Total Borrowings 5.00
Total Revenue 420.48
Profit After Tax 68.45

Tentative Timeline

Opening Date 07-06-2023
Closing Date 09-06-2023
Basis of Allotment 14-06-2023
Initiation of Refunds 15-06-2023
Credit of Shares to Demat 16-06-2023
Listing Date 19-06-2023

Objects of the Issue

To part finance the Working Capital Requirements
General Corporate Purposes
To meet Issue Expenses

Contact Information

Registered Office Sonalis Consumer Products Limited Unit No. 16, Ground Level, Loft & Basement, Sethia Industrial Estate, Tungareshwar Phata Vasai East Palghar Thane, Maharashtra, 410208
Phone 9867611444

Registrar Details

Name Purva Sharegistry India Pvt Ltd.
Phone +91-022-23018261/ 23016761

IPO Reservation

Market Maker Shares Offered 52,000 (5.51%)
Other Shares Offered 4,44,000 (47.03%)
Retail Shares Offered 4,48,000 (47.46%)
Total Shares Offered 9,44,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 73.12%
Share Holding Post Issue (Promoters) 38.59%

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