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 – Details
| IPO Opening Date | 05 March 2024 |
| IPO Closing Date | 07 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 36,24,000 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 Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Maashitla Securities Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Sona Machinery IPO – Date Schedule
| IPO Open Date | 05 March 2024 |
| IPO Close Date | 07 March 2024 |
| Basis of Allotment | 11 March 2024 |
| Initiation of Refund | 12 March 2024 |
| Credit of Shares to Demat Account | 12 March 2024 |
| IPO Listing Date | 13 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 07, 2024 |
Sona Machinery IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1000 | ₹1,43,000 |
| Retail (Maximum) | 1 | 1000 | ₹1,43,000 |
| HNI (Minimum) | 2 | 2000 | ₹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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 6.06 | 5.75 | 0.28 | 0 |
| 31 March 2022 | 44.53 | 39.91 | 3.30 | 2.36 |
| 31 March 2023 | 81.18 | 70.56 | 7.70 | 2.52 |
| 31 August 2023 | 27.13 | 24.55 | 1.87 | 1.32 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 44.49% |
| ROCE | 46.61% |
| Debt/Equity | 0.06 |
| RoNW | 36.39% |
| P/BV | 8.11 |
| PAT Margin (%) | 10.32 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 7.61 | 7.08 |
| P/E (x) | 18.8 | 20.2 |
Sona Machinery IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.59% |
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 Email: cs@sonamachinery.com Website: http://www.sonamachinery.com/ |
Sona Machinery IPO Registrar
| Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Sona Machinery IPO Lead Manager(s)
| 1. Hem Securities Limited |
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. |
