Sona Machinery Limited IPO (Sona Machinery IPO)

Sona Machinery Limited IPO
upcoming Sona Machinery IPO | New Sona Machinery IPO

Sona Machinery Limited manufactures machinery for agricultural processing.

The company manufactures 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.

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, with a total area of approximately 52,205 sq. ft. and a warehouse for storage of material and finished goods.

As of September 30, 2023, the company employed over 390 employees, including semi-skilled workers at various levels of the organization.

Sona Machinery IPO

Sona Machinery IPO – Details

IPO Opening Date05 March 2024
IPO Closing Date07 March 2024
Issue TypeBook Built Issue IPO
Issue Size36,24,000 Shares Worth ₹51.82 Crore
Fresh Issue: 36,24,000 Shares Worth ₹51.82 Crore
Face Value₹10 per equity share
IPO Price₹136 – ₹143
Market Lot1000 Shares
Min Order1000 Shares (1 Lot)
Listing AtNSE SME
RegisterMaashitla Securities Private Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Sona Machinery IPO – Date Schedule

IPO Open Date05 March 2024
IPO Close Date07 March 2024
Basis of Allotment11 March 2024
Initiation of Refund12 March 2024
Credit of Shares to Demat Account12 March 2024
IPO Listing Date13 March 2024
Cut-off time for UPI mandate confirmation5 PM on March 07, 2024

Sona Machinery IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11000₹1,43,000
Retail (Maximum)11000₹1,43,000
HNI (Minimum)22000₹2,86,000

Competitive Strengths

  • Diversified product range appealing to a wide range of customers;
  • Quality Assurance ensuring standardized quality of our products;
  • Diversified revenue from multiple geographies;
  • Experienced Promoter with senior management, backed by sales team having industry knowledge.

Company Promoters

  • Mr. Vasu Naren
  • Ms. Shweta Baisla

Object Of The Issue

  • 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 Purpose.
Sona Machinery IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20216.065.750.280
31 March 202244.5339.913.302.36
31 March 202381.1870.567.702.52
31 August 202327.1324.551.871.32
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)10.32
EPS (Rs)7.617.08
P/E (x)18.820.2

Sona Machinery IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.59%

Sona Machinery IPO Prospectus

Company Contact Information

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

Sona Machinery IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96

Sona Machinery IPO Lead Manager(s)

1. Hem Securities Limited

Sona Machinery IPO FAQs

Sona Machinery IPO FAQs
What is Sona Machinery IPO?

Sona Machinery IPO is a SME IPO. The issue is priced at ₹136 – ₹143 per equity share. The IPO is to be listed on NSE SME.
When Sona Machinery IPO will open?

The IPO is to open on 05 March 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors.
How to Sona Machinery IPO?

You can apply Sona Machinery IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Sona Machinery IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sona Machinery”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Sona Machinery IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sona Machinery”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Sona Machinery IPO Size?

Sona Machinery IPO size is ₹51.82 crores.
What is Sona Machinery IPO Price Band?

Sona Machinery IPO Price Band is ₹136 – ₹143.
What is Sona Machinery IPO Minimum and Maximum Lot Size?

The minimum bid is 1000 Shares with ₹1,43,000 amount while the maximum bid is 1000 shares with ₹1,43,000.
What is the Sona Machinery IPO Allotment Date?

Sona Machinery IPO allotment date is  11 March 2024.
What is the Sona Machinery IPO Listing Date?

Sona Machinery IPO listing date is 13 March 2024. The IPO is to list on NSE SME.
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