Sona Machinery Limited IPO Detail
Sona Machinery Limited, founded in 2001, 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.
Company Promoters
Mr. Vasu Naren and Ms. Shweta BaislaIPO Details
| IPO Opening Date | Mar 05, 2024 |
| IPO Closing Date | Mar 07, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹136 - 143 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹51.82 Cr |
| Fresh Issue | ₹51.82 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 6.71x | 0.00x | 0.00x | 8.65x | 19.62x | 13.58x |
| Day 2 | 6.78x | 0.00x | 0.00x | 34.49x | 63.59x | 41.13x |
| Day 3 | 129.72x | 0.00x | 0.00x | 554.42x | 235.06x | 273.50x |
IPO Tentative Timetable
The Sona Machinery Limited IPO open date is Mar 05, 2024, and the close date is Mar 07, 2024. The issue may list on Mar 13, 2024.
| IPO Open Date | Mar 05, 2024 |
| IPO Close Date | Mar 07, 2024 |
| Basis of Allotment Date | Mar 11, 2024 |
| Initiation of Refunds | Mar 12, 2024 |
| Credit of Shares to Demat Account | Mar 12, 2024 |
| IPO Listing Date | Mar 13, 2024 |
IPO Lot Size
The Sona Machinery Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹143000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹143000 |
| Maximum | 1 | 1000 | ₹143000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 732.62 | 606.33 | 28.22 |
| 31-Mar-22 | 1520.54 | 4453.07 | 330.02 |
| 31-Mar-23 | 2864.75 | 8118.06 | 770.96 |
| 31-Aug-23 | 3303.22 | 2713.62 | 187.77 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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 Limited IPO Registrar:
Maashitla Securities Pvt. Limited
Sona Machinery Limited IPO Lead Manager(s):
Hem Securities Limited
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
