Sona Machinery IPO Details ( Sona Machinery Limited IPO Review )
(5 Mar 2024 – 7 Mar 2024)
Established in 2019, Sona Machinery Limited specializes in creating farm equipment for processing rice, pulses, wheat, spices, and Barnyard Millet.
We produce a variety of machines, including 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, and more.
Our products reach global markets, with exports to Nigeria, Bangladesh, Kenya, and Nepal.
We take pride in our ISO 9001:2015 accreditation for Quality Management Systems from Das System & Services Pvt Ltd.
At Sona Machinery, we offer comprehensive services such as engineering, installation, supervision, and machine commissioning. This ensures a one-stop solution for the milling sector, covering everything from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry.
Our manufacturing facility is situated in Ghaziabad, Uttar Pradesh, spanning approximately 52,205 sq. ft., including a warehouse for storing materials and finished goods.
As of September 30, 2023, our dedicated team of over 390 employees, including semi-skilled workers, contributes to our success at various levels within the organization.
Sona Machinery Limited IPO Competitive Strength
- 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
Sona Machinery IPO Financials Performance ( Results )
Sona Machinery Limited Financial Information (Restated Standalone)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 732.21 | 606.33 | 27.81 | 0.28 | 37.51 | 27.51 | 236.61 |
| 31-Mar-22 | 1,516.58 | 4,453.07 | 326.47 | 3.23 | 363.98 | 353.98 | 252.60 |
| 31-Mar-23 | 2,858.19 | 8,118.06 | 768.36 | 7.61 | 1,132.34 | 1,122.34 | 112.94 |
| 30-Nov-23 | 4,211.30 | 6,288.11 | 647.82 | 6.41 | 1,780.16 | 770.16 |
Objective of Sona Machinery IPO 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 Basic Details
| IPO Date | Mar 5, 2024 to Mar 7, 2024 |
| Listing Date | Wednesday, March 13, 2024 |
| Face Value | ₹10 per share |
| Price | ₹136 to ₹143 per share |
| Lot Size | 1000 Shares |
| Issue Size | 3,624,000 shares of ₹10 (aggregating up to ₹51.82 Cr) |
| Fresh Issue | 3,624,000 shares of ₹10 (aggregating up to ₹51.82 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 10,100,000 |
| Share holding post issue | 13,724,000 |
| Company Promoters | Mr. Vasu Naren and Ms. Shweta Baisla |
Sona Machinery IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Sona Machinery IPO Timetable
Sona Machinery IPO will open on March 5, 2024 and close on March 7, 2024. You can join Sona Machinery IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 5 March 2024 (Tuesday) |
| Closing Date | 7 March 2024 (Thursday) |
| Basis of Allotment | 11 March 2024 (Monday) |
| Initiation of Refunds | 12 March 2024 (Tuesday) |
| Credit of Shares to Demat | 12 March 2024 (Tuesday) |
| Listing Date | 13 March 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on March 2024 |
Sona Machinery IPO Lot Size
For retail investors in Sona Machinery IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹143,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹143,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹143,000 |
| Retail (Max) | 1 | 1000 | ₹143,000 |
| S-HNI (Min) | 2 | 2000 | ₹286,000 |
Sona Machinery IPO Promoter Holding
The company’s promoters include Mr. Vasu Naren and Ms. Shweta Baisla.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.59% |
Sona Machinery Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 196.25 |
| Earning Per Share (EPS) | ₹7.61 per Equity Share |
| Net Asset Value (NAV) | ₹11.21 per Equity Share |
| P/E Ratio (P/E) (x) | 18.8 |
| Post P/E Ratio (P/E) (x) | 20.2 |
| Return on Net Worth (RoNW) (%) | 36.39 |
| Return on equity (ROE) (%) | 44.49 |
| Return on Capital Employed (ROCE) (%) | 46.61 |
| Debt/Equity Ratio | 0.06 |
| Price/Book Value Ratio | 8.11 |
Sona Machinery Ltd Peer Comparison
There are no listed companies in India that are comparable in all aspects of business and services that the Company provides. Hence, it is not possible to provide an industry comparison in relation to the Company.
Sona Machinery IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹72 | – | – |
| 4 March 2024 | ₹72 | – | – |
| 3 March 2024 | ₹72 | – | – |
Sona Machinery IPO Detail Video:
Sona Machinery IPO Subscription Status (Bidding Detail)
The Sona Machinery IPO on March 7, 2024 at 7:30:00 PM was subscribed 273.50 times, with the retail category being subscribed 235.06 times, the NII (Non-Institutional Investor) category being subscribed 554.42 times, QIB (Qualified-Institutional Buyers) category being subscribed 129.72 times.
| Category | Subscription |
| QIB | 129.72x |
| NII | 554.42x |
| Retail | 235.06x |
| Total | 273.50x |
Sona Machinery IPO Prospectus
| Sona Machinery IPO DRHP | Download |
| Sona Machinery IPO RHP | Download |
| Sona Machinery IPO Anchor Investors Details PDF | Download |
Sona Machinery IPO Rating
| Our Rating | 3.5/5.0 |
Sona Machinery Company Contact Information
Sona Machinery Limited
Registered Office: Unit No. 701, 7th floor, KLJ Tower, Plot No. B-5, Netaji Subhash Place, Maurya Enclave, North West Delhi, Delhi – 110034, India.
Corporate Office: F-16 & C-1, Sec A-3, Tronica City, GZB, Loni, Ghaziabad-201103, Uttar Pradesh India.
Tel No: +91-8448984368
E-mail: cs@sonamachinery.com
Website: www.sonamachinery.com
Contact Person: Supriya, Company Secretary & Compliance Officer
Promoters of our Company: Vasu Naren & Shweta Baisla
Sona Machinery IPO Registrar
Maashitla Securities Private Limited
Registered Office: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, New Delhi, 110034, India.
Tel No: +91-11-45121795
Email: ipo@maashitla.com
Investor Grievance ID: investor.ipo@maashitla.com
Contact Person: Mukul Agrawal
Website: www.maashitla.com
SEBI Registration No.: INR000004370
CIN: U67100DL2010PTC208725
Sona Machinery IPO Lead Manager
Hem Securities Limited
Registered Office: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India
Tel. No.: +91- 22- 49060000;
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Ajay Jain
SEBI Regn. No.: INM000010981
Sona Machinery IPO FAQs
What is the lot size of Sona Machinery IPO?
The total size of Sona Machinery IPO is ₹51.82 crores and this is a complete fresh Issue.
When will Sona Machinery IPO start?
Sona Machinery IPO will open from 5 March 2024 and IPO will close on 7 March 2024.
What is the open date of Sona Machinery IPO?
Sona Machinery IPO will open date from 5 March 2024.
What is the last date ( close date ) of Sona Machinery IPO?
Sona Machinery IPO will close from 7 March 2024.
What is the price band of Sona Machinery IPO?
Sona Machinery IPO price band is ₹136 to ₹143. ( Upper Price Band: ₹143, Lower Price Band: ₹136 )
What is the minimum amount required to apply for Sona Machinery IPO?
The minimum investment for retailers to apply for Sona Machinery IPO is ₹143,000 and the maximum investment is ₹143,000.
What is going on gray market premium of Sona Machinery IPO?
View gray market premium of Sona Machinery IPO by Clicking Here
How much is the GMP of Sona Machinery IPO?
Watch Sona Machinery IPO GMP Today: Click Here
What is the allotment date of Sona Machinery IPO?
The allotment date of Sona Machinery IPO is 11 March 2024.
How to check allotment status in Sona Machinery IPO?
To check the allotment status of Sona Machinery IPO, first of all go to the registrar website by clicking here, select your bad Sona Machinery IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sona Machinery IPO?
The listing date of Sona Machinery IPO is 13 March 2024.
How much will be the listing gain in Sona Machinery IPO?
View listing gain of Sona Machinery IPO by Clicking Here
How much time Sona Machinery IPO is subscribed?
Total 273.50 times subscribed in Sona Machinery IPO out of which 235.06 times subscription was done in retail quota, 554.42 times subscription in NII quota and 129.72 times subscription in QIB quota.
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