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 |
|---|---|---|
| Revenue from Operations | 295.19 | 93.13 |
| Profit After Tax (PAT) | 37.95 | 0.82 |
| PAT Margin | 12.86% | 0.88% |
| EBITDA | 50.87 | 1.34 |
| EBITDA Margin | 17.23% | 1.44% |
Know before investing
Strengths
3The brand offers an extensive range of nutritious snacks.
It has extensive knowledge of the target market and consumer segment.
It has a strategically located manufacturing unit for easy raw materials procurement.
Risks
3The transfer of name between Sonalis Consumer Products and Appetite Food is still underway.
There isn’t enough financial data and track record to base decisions.
It operates in the niche market of healthy snacks and is dependent on a few customers.
