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 need to put down a minimum of ₹143,000. It is mandatory for High Net Worth Individuals (HNIs) to invest a minimum of ₹286,000 (two lots), or 2,000 shares.
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Key Details Of Sona Machinery IPO:
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.
Sona Machinery IPO Overview
The rupee 51.82 crore Sona Machinery IPO is being carried out via a book-building method.This offering is entirely fresh, totaling 36.24 lakh shares. Sona Machinery’s initial public offering (IPO) will accept subscriptions from March 5, 2024, through March 7. On Monday, March 11, 2024, the Sona Machinery IPO allocation is expected to be concluded. The IPO of Sona Machinery, expected on March 13, 2024, is set to be welcomed by the NSE SME.
Sona Machinery announced an IPO price range of ₹170 to ₹180 per share. The Sona Machinery IPO GMP Today is ₹30. Sona Machinery’s current IPO GMP is ₹30.For each application, 800 shares at a minimum are needed. 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 IPO 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 Conveyor, 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. The company’s 52,205 square foot production plant is situated in Ghaziabad, Uttar Pradesh. In addition to raw materials, it has a warehouse where finished goods are kept. 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 | [email protected] |
| Website | maashitla.com |
Contact Details
| Name | Sona Machinery Limited |
| Phone number | +91-8448984368 |
| Email ID | [email protected] |
| 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.
Sona Machinery IPO FAQs
When Sona Machinery IPO will open?
The Sona Machinery IPO opens on March 5, 2024 and closes on March 7, 2024.
What is the lot size of Sona Machinery IPO?
Sona Machinery IPO lot size is 1000 Shares, and the minimum amount required is ₹143,000.
When is Sona Machinery IPO allotment?
The finalization of Basis of Allotment for Sona Machinery IPO will be done on Monday, March 11, 2024, and the allotted shares will be credited to your demat account by Tuesday, March 12, 2024.
When is Sona Machinery IPO listing date?
The Sona Machinery IPO listing date is not yet announced. The tentative date of Sona Machinery IPO listing is Wednesday, March 13, 2024.
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