IPO Details

Bidding Dates

07 Jun '23 - 09 Jun '23

Minimum Investment

₹120,000 / 1 Lots (4000 Shares)

Price Range


Maximum Investment

₹120,000 / 1 Lots (4000 Shares)

Retail Discount

Not Applicable

Issue Size

₹2.83 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 7, 2023

IPO Closing Date

Jun 9, 2023

Basis of Allotment

Jun 14, 2023

Initiation of Refunds

Jun 15, 2023

Credit of Shares to Demat Account

Jun 16, 2023

IPO Listing Date

Jun 19, 2023

IPO Subscription Details


Day 1Jun 7, 2023

0.59 2.85

Day 2Jun 8, 2023

1.36 10.69

Day 3Jun 9, 2023

2.85 21.35

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers [.]
Non-Institutional Buyers 2.85
Retail Investors 21.35
Employees [.]
Others [.]
Total 12.16

About Sonalis Consumer Products Ltd. IPO

The company promoters, Sonali Nilesh Kocharekar and Smita Shashikant Shah are both avid health-aware foodies and together they created a nutrition-conscious snack brand, Appetite Food.

Sonalis Consumer Products acquired the business line and distribution of Appetite Food. Appetite Food has been in active business for three years and provided the platform for the company to grow and expand its business. The company offers a diversified product portfolio that includes granola bars and Indian savoury and sweet items.

The company has a well-equipped, in-house manufacturing unit in Vasai to produce an entire product range. The manufacturing unit is FSSAI certified.

Sonalis Consumer Products has a PAN India distribution channel and has distributed products worth Rs. 295.19 lakh in three states of Maharashtra, Gujarat, and Goa in the period ending on September 30, 2022.

Sonalis Consumer Products Ltd. IPO Details

Sonalis Consumer Products have filed papers with SEBI to raise capital through an initial public offering (IPO). We will update the offer details when they are available.

Sonalis Consumer Products Ltd. IPO Objective

The company proposes to utilise the net proceeds from the offer to fund the following objects.

  • To finance the working capital requirements.
  • Meet issue expenses
  • General corporate purposes

Should you invest in Sonalis Consumer Products Ltd.?

Here are the top reasons to consider before investing in Sonalis Consumer Products Ltd. IPO.

  • Appetite Foods has been running its business for the last 3 years.
  • It has a dedicated team to help it develop a scalable business model.
  • The company is already in talks with other firms and importers to expand their business to the USA and Europe to sell under thor-party private labels.

Competitive Peers

Other players of Sonalis Consumer Product Ltd. according to the DRHP prospectus are DFM Food, Nakoda Group of Industries Ltd., Prataap Snacks Ltd., and Annapurna Swadisht Ltd.

Sonalis Consumer Products Ltd. Noteworthy highlights

  • The total acquisition value of Appetite Food by Sonalis Consumer Products is Rs.12.87 lakh.
  • The top 6 customers contributed 58.43% of the total revenue of the firm in the period ending on September 30, 2022.

IPO Financials

Particulars Period ending on September 30, 2022 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue from Operations 295.19 93.13 5.6
Profit After Tax (PAT) 37.95 0.82 0.4
PAT Margin 12.86% 0.88% 4.14%
EBITDA 50.87 1.34 0.67
EBITDA Margin 17.23% 1.44% 11.96%

Know before investing


  1. The brand offers an extensive range of nutritious snacks.

  2. It has extensive knowledge of the target market and consumer segment.

  3. It has a strategically located manufacturing unit for easy raw materials procurement.


  1. The transfer of name between Sonalis Consumer Products and Appetite Food is still underway.

  2. There isn’t enough financial data and track record to base decisions.

  3. It operates in the niche market of healthy snacks and is dependent on a few customers.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

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Enter UPI ID, set quantity/price & submit

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Choose IPO section on Home Page

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Sonalis Consumer Products IPO FAQs

What is Sonalis Consumer Products Ltd. IPO?

Sonalis Consumer Products IPO is a SME IPO of 944,000 equity shares of the face value of ₹10 aggregating up to ₹2.83 Crores.

When will the Sonalis Consumer Products Ltd. IPO allotment be available?

The Basis of Allotment date is fixed on June 14, 2023

What will be the Sonalis Consumer Products Ltd. IPO lot size?

Sonalis Consumer Products IPO lot size is 4000 Shares.

When will Sonalis Consumer Products Ltd. IPO open for subscription?

The Sonalis Consumer Products IPO opens on Jun 7, 2023 and closes on Jun 9, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

How to check the allotment status of the Sonalis Consumer Products Ltd. IPO?

You can check the IPO share allotment status froM Angel One’s mobile app. Log in to the app and validate with OTP.  

To check the allotment status, enter your application number, DP ID, and PAN number into the app. 

What would be the listing gains on the Sonalis Consumer Products Ltd. IPO?

Listing gains cannot be measured before the listing of the IPO on the stock exchange.

I have finished the application process for the Sonalis Consumer Products Ltd. IPO, but the funds are not yet debited. What is the reason?

Under the new system, the bank will block the amount initially in your account. The money will be debited when the shares are allotted or the bank will unblock the amount after the UPI mandate expiry date.  

How to approve the UPI mandate request for Sonalis Consumer Products Ltd. IPO?

Login to your UPI handle to approve the payment mandate and complete the IPO application process.

Can I submit more than one application for the public issue of Sonalis Consumer Products Ltd. using one PAN?

You can submit only one application using one PAN card.