Sona Machinery Limited IPO is an NSE SME IPO. They are going to raise ₹51.82 Crores via IPO. The issue is priced at ₹136 to 143 per equity share. The IPO is to be listed on NSE.
Sona Machinery Limited IPO opens for subscription on March 05, 2024. and closes on March 07, 2024. The allotment for the Sona Machinery Limited IPO is expected to be finalized on March 11, 2024. Sona Machinery Limited IPO will list on NSE SME with tentative listing date fixed as Friday, March 13, 2024.
| IPO Details | allotment |
| Minimum Investment ₹143,000 /1 Lot (1000 shares) | Price Range ₹136-₹143 | |
| Max Quantity 1 Lots/1000 Shares | Max Investment ₹143,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 51.82 Cr | Employee Discount ₹0 |
| Total Issue Size 3,624,000 Shares (aggregating up to ₹51.82 Cr) | Share Holding Pree Issue 10,100,000 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 3,624,000 Shares (aggregating up to ₹51.82 Cr) | Share Holding Post Issue 13,724,000 | Listing At NSE SME |
| Market Maker Portion 182,000 shares (Hem finlease) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 05 March 2024 |
| Offer Ends | 07 March 2024 |
| Allotment | 11 March 2024 |
| Refunds | 12 March 2024 |
| Credit of shares to Demat account | 12 March 2024 |
| IPO Listing | 13 March 2024 |
About Sona Machinery Limited
Founded in 2019, Sona Machinery is a diversified agro-processing equipment manufacturer, manufacturing equipment for the processing of rice, pulses, wheat, spices, Barnyard Millet, etc. Their product portfolio includes Grains Pre-Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, Paddy De-Husker, Husk Aspirator, Rice Thick/Thin Grader, Rice Whitener, Silky Polisher, Multi Grader, Length Grader, Belt Conveyer, Bucket Elevator, etc. along with the complete projects for rice mills and ethanol distilleries.
Their services encompass engineering, erection, supervision, and machine commissioning, delivering a comprehensive end-to-end solution for the milling section which includes grain unloading and milling solution up to pre-masher for ethanol distilleries and paddy unloading to rice packaging for rice mill.
The company exports its products to Nigeria, Bangladesh, Kenya and Nepal.
The company has been accredited with ISO 9001:2015 for Quality Management Systems by Das System & Services Pvt Ltd.
Sona Machinery’s service offering includes engineering, installation, supervision and machine commissioning, providing a complete solution for the milling sector, ranging from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry.
The company’s manufacturing facility is located in Ghaziabad, Uttar Pradesh,
| Founded in | Managing Director |
| 2019 | Mr. |
Share Holding
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post-Issue | 73.59% |
Sona Machinery Limited IPO Lot Size
The Sona Machinery Limited IPO minimum market lot is 1000 shares with a ₹143,000 application amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹143,000 |
| Retail (Max) | 1 | 1000 | ₹143,000 |
| HNI (Min) | 2 | 2000 | ₹286,000 |
Sona Machinery Limited IPO Prospectus
| Sona Machinery Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹8,118.06 | ₹4,453.07 | ₹606.33 |
| Assets | ₹2,858.19 | ₹1,516.58 | ₹732.21 |
| Profit | ₹768.36 | ₹326.47 | ₹27.81 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 196.25 Cr | ROE | 44.49% |
| P/E (X) | 18.8 | ROCE | 46.61% |
| POST P/E (X) | 20.2 | EPS | 7.61 |
| Debt to Equity | 0.06 | RONW | 36.39% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Funding the Capital Expenditure requirements of the company towards setting up a new manufacturing unit at Ghaziabad.
- Repayment of the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery.
- General Corporate Purposes.
Brokerage Firm IPO Review
- To be updated soon
| Sona Machinery Limited Contact Details | |
| Address | Sona Machinery Limited Unit No. 701, 7th floor, KLJ Tower, Plot No. B-5, Netaji Subhash Place, Maurya Enclave, North West Delhi, Delhi – 110034 |
| Phone: | +91-8448984368 |
| cs@sonamachinery.com | |
| Website | http://www.sonamachinery.com/ |
| Sona Machinery Limited IPO Registrar | |
| . | Maashitla Securities Private Limited |
| Phone | +91-11-45121795-96 |
| ipo@maashitla.com | |
| Website | https://maashitla.com/allotment-status/public-issues |
| Sona Machinery Limited IPO Allotment Status Check |
| Sona Machinery Limited IPO Allotment Status Check Click Here |
| Sona Machinery Limited Lead Managers | |
| Hem Securities Limited 904, A wing, 9th Floor, Naman Midtown, Senapati bapat marg, Elphinstone road, Lower Parel, Mumbai 400 013 | |
| Phone | +91 22 49060000 |
| ipoinfo@hemonline.com | |
| Website | https://www.hemsecurities.com |
Sona Machinery Limited IPO FAQs
What is Sona Machinery Limited IPO?
- Sona Machinery Limited IPO is an NSE SME IPO. They are going to raise ₹51.82 Crores via IPO. The issue is priced at ₹136 to ₹143 per equity share. The IPO is to be listed on NSE.
- The IPO opens on March 05, 2024. and closes on March 07, 2024.
When Sona Machinery Limited IPO will open?
- The IPO is to open on March 05, 2024. for QIB is, NII, and Retail Investors. and closes on March 07, 2024
What is Sona Machinery Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Sona Machinery Limited IPO Size?
- Sona Machinery Limited IPO size is ₹51.82 crores.
What is Sona Machinery Limited IPO Price Band?
- Sona Machinery Limited IPO Price Band is ₹136 to ₹143 per equity share.
What is Sona Machinery Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1000 Shares) with ₹143,000. and Maximum Lot Size 1 Lots (1000 Shares) with ₹143,000
What is Sona Machinery Limited IPO Allotment Date?
- Sona Machinery Limited IPO allotment date is March 11, 2024.
What is Sona Machinery Limited IPO Listing Date?
- Sona Machinery Limited IPO listing date is March 13, 2024. The IPO to list on NSE.