Business description – Soni Soya Products is engaged in the business of processing and trading of organic and Non- genetically modified organisms (non-GMO) agricultural products such as Soya, Maize ( Corn), Wheat, Flax seeds and Mustard, Oil, Rice, Pulses, Herbs, Spices, and other grains. The company is registered with U.S. Food and Drug Administration pursuant to the Federal Food Drug Cosmetic Act, as amended by the Bioterrorism Act of 2002 and the FDA Food Safety Modernization Act. The company is also registered with Agricultural and Processed Food Products Export Development Authority of Government of India (APEDA) to export such scheduled products as per APEDA Act, 1985.
The company’s customer base is spread across the globe with presence in countries like Canada, Dubai, South Korea, Sri Lanka, United States of America. Majority of its sales revenues are through direct exports which contributed 97.71%, 82.05% and 67.84% respectively to its total sales revenue for the financial year ended March 31, 2015, 2016, and 2017 respectively.
Promoters of Soni Soya Products – Dilip Kumar Soni, Javed Ali
| Soni Soya Products IPO details | |
| Subscription Dates | 28 March – 4 April 2018 |
| IPO Price band | INR25 per share |
| Fresh issue | 1,800,000 shares (INR4.5 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,800,000 shares (INR4.5 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working capital requirements – INR3.00 crore
- General corporate purposes – INR0.90 crore
- Issue expenses – INR0.60 crore
| Soni Soya Products’ financial performance (in INR lakh) | ||||||
| FY2015 | FY2016 | FY2017 | H1 FY2018 | |||
| Total revenue | 800.2 | 1,519.4 | 2,877.1 | 3,522.3 | ||
| Total expenses | 769.5 | 1,508.0 | 2,804.8 | 3,414.5 | ||
| Profit after tax | 20.9 | 8.0 | 50.2 | 74.8 | ||
Soni Soya Products’ Contact Details
Soni Soya Products Limited
Off no: CS-1, P Square Building
2nd floor, 350, Goyal Nagar
Indore – 452016
Phone: +91 0731 4056 609
Email: [email protected]
Website: www.sonisoya.com
Soni Soya Products IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | Â 1.02 |
| Day 2 | Â 1.20 |
| Day 3 | Â 1.37 |
| Day 4 | Â 2.71 |
Soni Soya Products Valuation (Latest FY)
Earnings Per Share (EPS): INR2.24
Price/Earnings (P/E) ratio: 11.16
Return on Net Worth (RONW): 16.53%
Net Asset Value (NAV): INR12.98 per share
Registrar of Soni Soya Products IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Soni Soya Products IPO Allotment Status
Soni Soya Products IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Soni Soya Products
IPO Opening Date: 28 March 2018
IPO Closing Date: 4 April 2018
Finalisation of Basis of Allotment: 9 April 2018
Initiation of refunds: 10 April 2018
Transfer of shares to demat accounts: 11 April 2018
Listing Date: 12 April 2018
Listing Price on NSE SME: INR26 per share (up 4% from IPO price)
Closing Price on NSE SME: INR25.35 per share (up 1.4% from IPO price)
