Sonalis Consumer Products Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sonalis Consumer

CMP

79.89

+3.80 (4.99%)

₹30

Offer Price

₹ 2.83 Cr

Issue Size

₹ 1,20,000

Min Investment

4,000

Lot size

Time Line

  • 07
    Jun 2023
    Open
  • 09
    Jun 2023
    Close
  • 14
    Jun 2023
    Finalisation of Basis of Allotment
  • 15
    Jun 2023
    Initiation of Refunds
  • 16
    Jun 2023
    Transfer of Shares to Demat Account
  • 19
    Jun 2023
    Listing Date

Risks

  • The company require several approvals, NOCs, licenses, registrations and permits in the ordinary course of the company business. Some of the approvals are required to be transferred in the name of "Sonalis Consumer Products Limited" from "Appetite Food" pursuant to change of name under which the products were transferred to the Company and any failure or delay in obtaining the same in a timely manner may adversely affect its operations.

  • The company is required to obtain licenses and approvals under several legislations including the FSS Act and the relevant rules and regulations, the Fire Safety and Services Act and the S&E Acts. Its inability to obtain or renew such permits, approvals and licenses in the ordinary course of the company business may adversely affect its business, financial condition and results of operations.

  • The Company is dependent on few numbers of customers and suppliers for sales and purchase from top customers and Top suppliers. Loss of any of these large customer and supplier will significantly affect the company revenues and profitability.

  • The land and premises for the company processing units are taken on lease by third Party. If its unable to renew existing leases or relocate operations on commercially reasonable terms, there may be an adverse effect on its business, financial condition, result of operations and cash flows.

  • The company business involves usage of manpower and any unavailability of its employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on the company cash flows and results of operations.

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 0.14 (0.00%) 8.53 (0.00%) 6.53 (0.00%)
Gross Profit 0.14 (0.00%) 8.53 (0.00%) 6.53 (0.00%)
Net Income 0.14 (0.00%) 8.53 (0.00%) 6.53 (0.00%)
Assets 0.14 (0.00%) 8.53 (0.00%) 6.53 (0.00%)
Liabilities 0.14 (0.00%) 8.53 (0.00%) 6.53 (0.00%)

Book Running Managers

  • Expert Global Consultants Pvt Ltd

Registrar & Transfer Agent

Purva Sharegistry (I) Pvt Ltd

9 ShivShakti Indl Es,
J R Boricha Marg,
Lower Parel - Mumbai - 400 011
Phone : 91-22-23010771/23018261 Fax: 91-22-23012517

Company Contact Information

Unit No.16 Ground Level Loft &,
Basement Sethia Industrial Est,
Palghar - 410208
Phone : 91-9867611444 Email : cs@appetitefood.in www.appetitefood.in

Offer Related Information

Initial public issue of upto 9,44,000 equity shares of face value of Rs. 10 each of Sonalis Consumer Products Limited (the "Company" or the "Issuer") for cash at a price of Rs. 30/- per equity share including a share premium of Rs. 20/- per equity share (the "Issue Price") aggregating to Rs. 2.83 crores ("The Issue"), of which up to 52,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 30/- per equity share including a share premium of Rs. 20/- per equity share... More

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