SONALIS CONSUMER PRODUCTS LIMITED IPO { Sonalis Consumer Products IPO) Details

 

Sonalis Consumer Products Limited is a company that was established in 2022, specializing in the distribution of nutritious bars and healthy snacks. The company acquired the business line and distribution network of Appetite Food, a company that had been actively operating for approximately three years. This acquisition has provided Sonalis Consumer Products Limited with an excellent platform to expand its business in the region.

The product portfolio of Sonalis Consumer Products Limited consists of a variety of healthy snacks and food items, including Granola Bars, Healthy Laddu and Puffs, Cheeseling, Chakli, Diet Bhel, and Sev. These products were distributed across three states in India: Maharashtra, Gujarat, and Goa, with sales totaling INR 420.47 Lakhs for the period ending on December 31, 2022.

Appetite Food had been operating since March 5, 2020, and Sonalis Consumer Products Limited acquired the company, along with all its movable assets, current assets, and liabilities, for a total consideration of ₹12.87 Lakhs, as stated in the Business Transfer Agreement dated May 15, 2022.

To ensure quality and control over the production process, all the products offered by Sonalis Consumer Products Limited are manufactured in-house at their manufacturing facilities located in Vasai.

The company has developed an effective business model that encompasses stringent control over various processes. This includes procuring raw ingredients, managing manufacturing operations, implementing efficient inventory management for a wide range of products and Stock Keeping Units (SKUs), overseeing distribution logistics across India, and effectively managing deemed export sales. These measures ensure that Sonalis Consumer Products Limited maintains high standards throughout its operations.

Overall, Sonalis Consumer Products Limited is a young company with a strong foundation and a focus on providing nutritious and healthy snack options to consumers. With the acquisition of Appetite Food, the company has gained a significant advantage in expanding its presence in the market and aims to continue its growth trajectory in the future.

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