
Consumer Goods · BSE
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.
Price Band
₹30
Issue Size
₹2.83 Cr
Lot Size
4000 shares
GMP
+13.3%
Est. Listing
₹34
at current GMP
Subscribed
43.47x
overall
Open
7 Jun 2023
Close
9 Jun 2023
Allotment
14 Jun 2023
Refund
15 Jun 2023
Demat Credit
16 Jun 2023
Listing
19 Jun 2023
Designated Registrar: Purva Sharegistry India Private Limited
Allotment Date
14 Jun 2023
Basis finalization
Refunds Initiate
15 Jun 2023
Mandate release
Demat Credit
16 Jun 2023
Shares in demat
Listing Debut
19 Jun 2023
Trading begins
Sonalis Consumer Products Limited is bringing an initial public offering (IPO) in the Consumer Goods sector with an aggregate issue size of ₹2.83 Crores. The shares are offered at a price band of ₹30 to ₹30 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-06-09, the basis of allotment is scheduled to be finalized on 2023-06-14. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Purva Sharegistry India Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.