The Sona Machinery IPO date has been confirmed from March 5, 2024 and closes on March 7, 2024. Read the post to learn about Sona Machinery IPO GMP.
Sona Machinery Developers’ IPO, valued at Rs 51.82 crores, is a fixed-price issuance. The per-share price spans from ₹136 to ₹143. A minimum of 1000 Shares is necessary for application submission. Retail investors must commit a minimum investment of ₹143,000. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, equivalent to 2,000 shares, totaling ₹286,000.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
March 5-7
Price Range
₹136 to ₹143 per share
Face Value
₹10 per share
GMP
₹30
Sona Machinery IPO GMP
The Sona Machinery IPO GMP Today is ₹30.
IPO Overview
Sona Machinery’s IPO, valued at Rs 51.82 crore, is conducted through a book-building route. This offering is entirely fresh, totaling 36.24 lakh shares. Investors can subscribe to Sona Machinery’s IPO starting March 5, 2024, until its closure on March 7. The Sona Machinery IPO allotment is set to be finalized by Monday, March 11, 2024. NSE SME is preparing to welcome Sona Machinery’s IPO, aiming for a listing on March 13, 2024.
Sona Machinery has set its IPO price range between ₹170 and ₹180 per share. The Sona Machinery IPO GMP Today is ₹30. A minimum of 800 shares is required for each application. A minimum investment of ₹144,000 is necessary for retail investors. High Net Worth Individuals are required to invest in a minimum of 2 lots, equivalent to 1,600 shares, valued at ₹288,000.
Sona Machinery IPO Details
| IPO Date | March 5, 2024 to March 7, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹136 to ₹143 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,624,000 shares (aggregating up to ₹51.82 Cr) |
| Fresh Issue | 3,624,000 shares (aggregating up to ₹51.82 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,100,000 |
| Share holding post issue | 13,724,000 |
| Market Maker portion | 182,000 shares |
Sona Machinery Limited Financial Information
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,303.22 | 2,864.75 | 1,520.54 | 732.62 |
| Revenue | 2,713.62 | 8,118.06 | 4,453.07 | 606.33 |
| Profit After Tax | 187.77 | 770.96 | 330.02 | 28.22 |
| Net Worth | 1,326.67 | 1,138.90 | 367.94 | 37.92 |
| Reserves and Surplus | 1,316.67 | 1,128.90 | 357.94 | 27.92 |
| Total Borrowing | 132.04 | 252.60 | 236.61 | |
| Amount in ₹ Lakhs | ||||
Sona Machinery IPO Timeline
| IPO Open Date | Tuesday, March 5, 2024 |
| IPO Close Date | Thursday, March 7, 2024 |
| Basis of Allotment | Monday, March 11, 2024 |
| Initiation of Refunds | Tuesday, March 12, 2024 |
| Credit of Shares to Demat | Tuesday, March 12, 2024 |
| Listing Date | Wednesday, March 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 7, 2024 |
Company Profile
Since its establishment in 2001, Sona Machinery Limited has been at the forefront of agricultural processing equipment manufacturing. Grains Pre-Cleaner machines, Rotary Drum Cleaners, 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, and similar products are among the offerings of this manufacturing entity. Sona Machinery’s service offerings include engineering, installation, supervision, and machine commissioning, providing a comprehensive solution for the milling sector, ranging from grain
unloading and milling to pre-crushing for ethanol distilleries and paddy unloading to rice packing for the rice milling industry. Situated in Ghaziabad, Uttar Pradesh, the company’s manufacturing plant occupies an area of about 52,205 square feet. Additionally, it encompasses a warehouse designated for the storage of both raw materials and final products. The company boasted a staff of over 390 employees as of September 30, 2023, with semi-skilled personnel distributed across all levels of the organization.
Registrar Info
| Name | Maashitla Securities Private Limited |
| Phone number | +91-11-45121795-96 |
| Email ID | ipo@maashitla.com |
| Website | maashitla.com |
Contact Details
| Name | Sona Machinery Limited |
| Phone number | +91-8448984368 |
| Email ID | cs@sonamachinery.com |
| Website | sonamachinery.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
