The Sona Machinery IPO commenced on March 5, 2024, and concluded on March 7, 2024. The allotment of shares took place on March 11, 2024, and the initiation of refunds began on March 12, 2024. The shares were credited to the demat accounts of investors on March 12, 2024. Finally, the listing of Sona Machinery on the stock exchange occurred on March 13, 2024.
The Sona Machinery IPO was priced at ₹136 to ₹143 per share, with a lot size of 1000 shares. The total issue size was ₹51.82 crores, comprising a fresh issue of ₹51.82 crores. The IPO was listed on the NSE SME.
Sona Machinery IPO Basic Details
| Company Name | Sona Machinery Limited |
| Domain of Company | Farm Machine Manufacturing |
| Sona Machinery IPO GMP Today | ₹72 |
| Sona Machinery IPO Listing Gain | 50.35% |
| Sona Machinery IPO Open Date | March 5, 2024 |
| Sona Machinery IPO Close Date | March 7, 2024 |
| Sona Machinery IPO Allotment Date | March 11, 2024 |
| Sona Machinery IPO Listing Date | 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 SME |
| Company Promoters | Mr. Vasu Naren and Ms. Shweta Baisla |
Sona Machinery IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹72 | 50.35% | – | – |
| 4 March 2024 | ₹72 | 50.35% | – | – |
| 3 March 2024 | ₹72 | 50.35% | – | – |
Sona Machinery Limited IPO Details:
Established in 2019, Sona Machinery Limited specializes in crafting agricultural equipment for processing rice, pulses, wheat, spices, and Barnyard Millet.
We create a range of machinery, 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 international markets, serving customers in Nigeria, Bangladesh, Kenya, and Nepal.
Sona Machinery is proud to hold ISO 9001:2015 accreditation for Quality Management Systems, awarded by Das System & Services Pvt Ltd.
Our services encompass engineering, installation, supervision, and machine commissioning, offering comprehensive solutions for the milling sector. From grain unloading and milling to pre-crushing for ethanol distilleries, and from paddy unloading to rice packing for the rice milling industry, we’ve got it covered.
Situated in Ghaziabad, Uttar Pradesh, our manufacturing facility spans about 52,205 sq. ft. and includes a warehouse for material and finished goods storage.
As of September 30, 2023, our dedicated team comprises over 390 employees, with a mix of skilled and semi-skilled workers contributing at various levels within the organization.
Sona Machinery IPO More Details Click Here
Sona Machinery IPO FAQs
When is Sona Machinery IPO open?
Sona Machinery IPO will open on 5 March 2024.
When is Sona Machinery IPO Close?
Sona Machinery IPO will be closed on 7 March 2024.
What is Sona Machinery IPO GMP Today?
The Sona Machinery IPO GMP aka Grey Market Premium is ₹72.
What is Sona Machinery IPO Kostak Rates Today?
The Sona Machinery IPO Kostak Rate is ₹000.
What is Sona Machinery IPO Subject to Sauda Price Today?
The Sona Machinery IPO subject to sauda rates is ₹000.
Sona Machinery IPO Expected Returns?
The Sona Machinery IPO expected return is 50.35%.
How much will be the listing gain in Sona Machinery IPO?
Sona Machinery IPO will get listing gain of 50.35%. (Approx.)
