About the Company:
Soni Soya Products Ltd (Incorporated in 2014) 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.
Company’s products are certified by ISO 22000: 2005, certified by UK Certification & Training Limited for food safety management system.
Organic soyabean and by-products such as cattle feed, Soya Tofu, Soyabean Meal, etc. are the main products of the Company. Soyameal manufactured is used as animal feed in the poultry industry.
Company also supplies soya oil and Organic Crude Oil to the oil refineries.
Company’s customer base is spread across the globe with presence in countries like Canada, Dubai, South Korea, Sri Lanka, United States of America.
The majority of sales revenues are through direct exports which contributed 97.71%, 82.05% and 67.84% respectively to their total sales revenue for the financial year ended March 31, 2015, 2016, and 2017 respectively.
Company’s Product portfolio comprises of the following:
- Non-genetically modified organisms (non-GMO) soya meal
- Organic soya oil
- Organic Soya Chunks / Nuggets / Granules
- Organic Full Fat Soya Grits
- Organic Soybean Meal
- Organic Graded Soyabean Seeds
- Organic Cracked Corn.
Geography Wise Sales Revenue:
Capacity & Capacity Utilization:
Management Team:
- Mr. Dilip Kumar Soni (Designation: Managing Director)
- Mr.Javed Ali (Designation: Chairman & Whole Time Director)
- Mr.Mohammad Ashraf (Designation: Independent Director)
Promoters Average Acquisition Cost:
Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
---|---|---|
Dilip Kumar Soni | 15,83,880 | 10.34 |
Javed Ali | 8,31,488 | 10.13 |
Promoters Stake Pre & Post Issue:
Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
---|---|---|
Promoters | ||
Dilip Kumar Soni | 47.21% | 30.73% |
Javed Ali | 24.78% | 15.12% |
Promoter Group Entities | Nil | Nil |
Total | 71.99% | 46.86% |
Objectives of the Issue:
- Working Capital Requirements.
- General Corporate Purposes.
Fund Utilization:
Particulars | Amount (Rs. in Crores) |
---|---|
Working Capital requirements | 3.0 |
General Corporate Expenses | 0.9 |
Issue Related Expenses | 0.6 |
Net Proceeds | 4.5 cr |
Financials of the Company:
(in Crores) | FY 15 | FY 16 | FY 17 | 30th Sept 17 |
---|---|---|---|---|
Revenue | 8.00 | 15.19 | 28.77 | 35.22 |
Net Profit | 0.20 | 0.08 | 0.50 | 0.75 |
Valuation of Peer Group Companies:
Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
---|---|---|---|---|---|
Soni Soya Products Ltd | 10 | 2.24 | 11.16 | 16.53% | 12.98 |
LT Foods Limited | 1 | 1.13 | 61.33 | 8.31% | 13.60 |
Gokul Agro Resources Ltd | 2 | 1.54 | 17.37 | 10.56% | 14.54 |
Kriti Nutrients Limited | 1 | 1.26 | 26.5 | 16.45% | 7.65 |
Shanti Overseas Ltd | 10 | 10.52 | 3.66 | 75.44% | 23.84 |
Sanwaria Consumer Ltd | 1 | 1.23 | 14.8 | 10.67% | 11.20 |
IPO Details:
Details | Info |
---|---|
Issue Opens on | 28th March 2018 |
Issue Closes on:. | 4th April 2018 |
Issue Price | Rs.25 |
Face Value | Rs.10 |
Minimum Lot | 6000 |
Minimum Investment | Rs.1,50,000 |
Issue Constitutes | 34.92% |
Issue Size | Rs.4.5 cr |
Market Cap | Rs.12.88 cr |
Listing at | NSE SME |
Total Equity Shares Offered (Fresh) | 18,00,000 |
Equity Shares Prior to the Issue | 33,54,961 |
Equity Shares after the Issue | 51,54,961 |
Important Dates:
Finalization of Basis of Allotment | on or Before 9th April 2018 |
Initiation of Refunds | on or Before 10th April 2018 |
Credit of Equity Shares: | on or Before 11th April 2018 |
Listing Date: | on or Before 12th April 2018 |
IPO Valuation Parameters:
Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
---|---|---|---|
2.24 | 11.16 | 16.53% | 12.98 |
Markets Guruji Opinion:
IPO View | Apply For: | Expected listing Gain: |
---|---|---|
Subscribe | Long Term | 5% |
Check IPO Allotment Status: |
---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
Company Contact Info: |
---|
Soni Soya Products Limited Off no: CS-1, P Square Building, 2nd floor, 350, Goyal Nagar, Indore – 452016 Madhya Pradesh. Tel: 0731-4056609 Email: cs@sonisoya.com Website: www.sonisoya.com |
IPO Registrar Info: |
---|
BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building Opp Vasant Oasis Makwana Road Marol, Andheri East Mumbai-400059, Maharashtra, India Tel: +91 22 62638200; Investor Grievance Id: investor@bigshareonline.com Website: www.bigshareonline.com |
Lead Manager to the Issue: |
---|
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Tel: +91-22 61946704; Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com |