Soni Soya Products Ltd

Soni Soya Products

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:

capacity utilization


Management Team:

  1. Mr. Dilip Kumar Soni (Designation: Managing Director)
  2. Mr.Javed Ali (Designation: Chairman & Whole Time Director)
  3. 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 (%)
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)


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


IPO Registrar Info:
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:


Lead Manager to the Issue:
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra (East),
Mumbai – 400051, Maharashtra, India
Tel: +91-22 61946704;