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rr-finance · 1 year

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Sonalis Consumer Products Limited SME IPO: A Healthy Snack Revolution!

With the rising demand for nutritious and healthy snacks, Sonalis Consumer Products Limited has emerged as a key player in the market. The company offers a diverse range of nutritious bars and healthy snacks, catering to health-conscious consumers. In this blog, we will explore Sonalis Consumer Products Limited's background, its product portfolio, financials, and delve into the details of its upcoming SME IPO.

Company Overview:

Established in 2022, Sonalis Consumer Products Limited has quickly gained traction in the distribution of nutritious bars and healthy snacks. The company acquired the business line and distribution network of Appetite Food, providing a solid foundation for its expansion plans. Sonalis manufactures its products in-house at modern facilities located in Vasai, ensuring stringent quality control throughout the production process.

Product Portfolio:

Sonalis Consumer Products Limited offers a wide range of healthy snacks, each designed to meet the diverse tastes and preferences of health-conscious consumers. Some highlights from their product portfolio include:

Granola Bar: Wholesome and energy-packed bars 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, catering to 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.

Objective of the IPO:

The Sonalis Consumer Products Limited SME IPO aims to achieve the following objectives:

Part Finance the Working Capital Requirements: Utilizing a portion of the IPO proceeds to strengthen the company's working capital, ensuring smooth operations and meeting the increasing demand for its products.

General Corporate Purposes: The raised capital will 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 cover the expenses associated with the issuance and listing of the shares.

Financial Snapshot:

As of December 31, 2022, Sonalis Consumer Products Limited has showcased a strong financial performance, demonstrating its potential for growth in the healthy snacks market:

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

IPO Details:

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:

Sonalis Consumer Products Limited is well-positioned to capitalize on the increasing demand for nutritious snacks in today's health-conscious world.

Source :- https://wordpress.com/post/rrsfinance.wordpress.com/13

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theinvinciblenoob · 6 years

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