Sonalis Consumer Products Limited SME IPO A Healthy Snack Revolution!
Introduction : In recent years, the demand for nutritious and healthy snacks has skyrocketed as people become more health-conscious. Sonalis Consumer Products Limited, a budding player in the market, is all set to make its mark with its diverse range of nutritious bars and healthy snacks. With its upcoming SME IPO, Sonalis aims to raise capital to fuel its expansion plans and capture a significant share of the healthy snack market. In this blog, we will delve into the company's background, its product portfolio, financials, and the details of its IPO.
Company Overview : Established in 2022, Sonalis Consumer Products Limited has quickly emerged as a key player in the distribution of nutritious bars and healthy snacks. The company acquired the business line and distribution network of Appetite Food, which had been operating for approximately three years. This strategic move provided Sonalis with a solid foundation to expand its operations in the region. Sonalis manufactures its products in-house at its state-of-the-art facilities located in Vasai.
Product Portfolio : Sonalis Consumer Products Limited offers a wide range of healthy snacks that cater to the diverse tastes and preferences of health-conscious consumers. The company's product portfolio includes:
- Granola Bar: A wholesome and energy-packed bar made from natural ingredients, perfect for a quick and nutritious snack on the go.
- Healthy Laddu and Puffs : Traditional Indian snacks reinvented with a healthy twist, providing a guilt-free indulgence .
- Cheeseling : Crispy and flavorful cheese-based snacks that are rich in protein and low in calories, making them an ideal choice for health enthusiasts.
- Chakli : A popular Indian snack made from nutritious ingredients, ensuring a delightful crunch with every bite
- Diet Bhel and Sev : A light and tangy mix of puffed rice, sev, and flavorful spices, offering a healthy alternative to the traditional bhel.
Sonalis Consumer Products Limited is committed to maintaining stringent control over its processes, from raw ingredient procurement to manufacturing operations, inventory management, distribution logistics, and even managing deemed export sales.
Objective of the IPO :
The Sonalis Consumer Products Limited SME IPO aims to achieve the following objectives:
- Part finance the Working Capital Requirements : The company intends to utilize a portion of the IPO proceeds to strengthen its working capital, ensuring smooth operations and fulfilling the increasing demand for its products.
- General Corporate Purposes : The raised capital will be utilized to support the company's overall growth strategies, including marketing initiatives, research and development, and expanding its distribution network.
- Meet the Issue Expenses : The IPO proceeds will also cover the expenses incurred in the process of issuing and listing the shares
Let's take a closer look at Sonalis Consumer Products Limited's financial performance as of December 31, 2022:
- Total Assets : INR 649.77 Lakhs
- Total Revenue : INR 420.47 Lakhs
- Profit After Tax : INR 68.45 Lakhs
- Net Worth : INR 349.21 Lakhs
- Reserves and Surplus : INR 243.71 Lakhs
- Total Borrowing : INR 5.41 Lakhs
These figures indicate the company's strong financial foundation and its potential for growth in the healthy snacks market.
The Sonalis Consumer Products Limited SME IPO is scheduled to take place from June 7, 2023, to June 9, 2023. Here are the key details:
- Face Value : Rs.10 per share
- Price : Rs.30 per share
- Lot Size : 4000 shares
- Total Issue Size : 944,000 shares (aggregating up to Rs.2.83 Cr)
- Issue Type : Fixed Price Issue IPO
- Listing Exchange : BSE SME
The IPO will consist of a fresh issue of 944,000 shares, aiming to raise up to Rs.2.83 Cr. The funds generated will be utilized as per the company's stated objectives.
Conclusion : As health and wellness become increasingly important in today's fast-paced world, Sonalis Consumer Products Limited is well-positioned to capitalize on the growing demand for nutritious snacks. With its strong distribution network, diverse product portfolio, and a sound financial base, Sonalis has the potential to capture a significant share of the healthy snack market. The upcoming SME IPO provides investors with an opportunity to be a part of this promising venture. As always, it is essential for potential investors to conduct thorough research and seek professional advice before making any investment decisions.
Disclaimer: This blog is for informational purposes only and should not be considered as financial advice. Investing in IPOs carries risks, and investors should carefully evaluate their investment decisions based on their individual financial circumstances and risk appetite.