The Sona Machinery IPO started on March 5, 2024, and ended on March 7, 2024. Shares were allocated on March 11, 2024, and refund processes began on March 12, 2024. On March 12, 2024, the shares were credited to investors demat accounts. Sona Machinery was officially listed on the stock exchange on March 13, 2024.
During the IPO, Sona Machinery offered shares at a price range of ₹136 to ₹143 per share, and the lot size was 1000 shares. The total issue size was ₹51.82 crores, with ₹51.82 crores from new shares. The IPO was listed on the NSE SME.
Sona Machinery IPO Subscription Update Video
Sona Machinery IPO Subscription Status
The Sona Machinery IPO on March 7, 2024 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, the 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 Basic Details
| Company Name | Sona Machinery Limited |
| Domain of Company | Farm Machine Manufacturing |
| 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 |
About Sona Machinery Limited
Sona Machinery Limited, established in 2019, specializes in creating farm equipment for processing rice, pulses, wheat, spices, and Barnyard Millet.
Our product lineup features 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.
We proudly export our top-quality machinery to countries like Nigeria, Bangladesh, Kenya, and Nepal.
Certified with ISO 9001:2015 for Quality Management Systems by Das System & Services Pvt Ltd, Sona Machinery is committed to delivering excellence.
Our comprehensive services cover engineering, installation, supervision, and machine commissioning. We provide end-to-end solutions for the milling sector, handling tasks from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry.
Situated in Ghaziabad, Uttar Pradesh, our manufacturing facility spans around 52,205 sq. ft. with a dedicated warehouse for material and finished goods storage.
As of September 30, 2023, our dedicated team of over 390 employees, including skilled workers, contributes to the success of Sona Machinery at various levels of the organization.
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Sona Machinery IPO FAQs
What is the start and end date of Sona Machinery IPO Subscription?
The Sona Machinery IPO started on March 5, 2024, and ended on March 7, 2024.
When does Sona Machinery IPO Subscription open?
The Sona Machinery IPO open on March 5, 2024.
When does Sona Machinery IPO Subscription close?
The Sona Machinery IPO Close on March 7, 2024.
What is the allotment date of Sona Machinery IPO?
The allotment date for Sona Machinery IPO is March 11, 2024.
When is the initial refund date of Sona Machinery IPO?
The initial Refund date for Sona Machinery IPO is March 12, 2024.
When were the shares credited to investors demat accounts for the Sona Machinery IPO?
The shares for the Sona Machinery IPO were credited to investors demat accounts on March 12, 2024.
When will Sona Machinery IPO be listed on the stock market?
Sona Machinery IPO stock market will be listed on March 13, 2024 at 10 am.
What was the price range of the Sona Machinery IPO shares?
The Sona Machinery IPO shares were offered at a price range of ₹136 to ₹143 per share.
What was the lot size for the Sona Machinery IPO shares?
The lot size for the Sona Machinery IPO shares was 1000 shares.
What was the total issue size of the Sona Machinery IPO?
The total issue size of the Sona Machinery IPO was ₹51.82 crores.
On which stock exchanges was the Sona Machinery IPO listed?
The Sona Machinery IPO was listed on the NSE SME.
What is the Sona Machinery IPO Subscription Status?
Sona Machinery IPO is subscribed 273.50 Times.
