Sonalis Consumer Products Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹4(13.33%)
Premium (ELP)
Having completed its public offering, Sonalis Consumer Products Limited's is now listed and trading on the BSE exchange as of Jun 19, 2023. The IPO raised cumulative capital of 9,44,000 Shares, including 9,44,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹30 to ₹30 and minimum investment requirement of 4000 shares. subscription activity between Jun 07, 2023 and Jun 09, 2023 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Jun 14, 2023 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2022, Sonalis Consumer Products Limited is engaged in the distribution of nutritious bars and healthy snacks. The company absorbed the business and distribution network of Appetite Food, which had been operational since 2020, providing a strong foundation for growth. Its product portfolio includes granola bars, healthy laddus, puffs, cheeselings, chakli, diet bhel, and sev. During the period ended December 31, 2022, the company achieved distribution across Maharashtra, Gujarat, and Goa with sales of ₹420.47 lakhs. All products are manufactured in-house at its Vasai facility, ensuring quality and control. Sonalis Consumer Products follows a robust business model emphasizing efficient raw material procurement, streamlined manufacturing, effective inventory management, and strong distribution logistics across India.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Sonali Nilesh Kocharekar
- Smita Shashikant Shah
Sonalis Consumer Products Limited
Purva Sharegistry India Private Limited