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Sona Machinery Limited IPO (Sona Machinery IPO) Detail

March 5, 2024 - March 7, 2024

Sona Machinery IPO is a book built issue of Rs 51.82 crores. The issue is entirely a fresh issue of 36.24 lakh shares.

Sona Machinery IPO bidding started from March 5, 2024 and ended on March 7, 2024. The allotment for Sona Machinery IPO was finalized on Monday, March 11, 2024. The shares got listed on NSE SME on March 13, 2024.

Sona Machinery IPO price band is set at ₹136 to ₹143 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹143,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹286,000.

Hem Securities Limited is the book running lead manager of the Sona Machinery IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Sona Machinery IPO is Hem Finlease.

Refer to Sona Machinery IPO RHP for detailed information.

Sona Machinery IPO Details

IPO Date March 5, 2024 to March 7, 2024
Listing Date March 13, 2024
Face Value ₹10 per share
Price Band ₹136 to ₹143 per share
Lot Size 1000 Shares
Total Issue Size3,624,000 shares
(aggregating up to ₹51.82 Cr)
Fresh Issue3,624,000 shares
(aggregating up to ₹51.82 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue10,100,000
Share holding post issue13,724,000
Market Maker portion182,000 shares
Hem Finlease

Sona Machinery IPO Reservation

Sona Machinery IPO offers 3,624,000 shares. 688,000 (18.98%) to QIB, 517,000 (14.27%) to NII, 1,205,000 (33.25%) to RII and 1,032,000 (28.48%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,032,000 (28.48%)
Market Maker Shares Offered182,000 (5.02%)
QIB Shares Offered688,000 (18.98%)
NII (HNI) Shares Offered517,000 (14.27%)
Retail Shares Offered1,205,000 (33.25%)
Total Shares Offered3,624,000 (100%)

Sona Machinery IPO Anchor Investors Details

Sona Machinery IPO raises Rs 14.76 crore from anchor investors. Sona Machinery IPO Anchor bid date is March 4, 2024. Sona Machinery IPO Anchor Investors list

Bid Date March 4, 2024
Shares Offered 1,032,000
Anchor Portion Size (In Cr.) 14.76
Anchor lock-in period end date for 50% shares (30 Days) April 10, 2024
Anchor lock-in period end date for remaining shares (90 Days) June 9, 2024

Sona Machinery IPO Timeline (Tentative Schedule)

Sona Machinery IPO opens on March 5, 2024, and closes on March 7, 2024.

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

Sona Machinery IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹143,000
Retail (Max) 1 1000 ₹143,000
HNI (Min) 2 2,000 ₹286,000
Lot Size Calculator

Sona Machinery IPO Promoter Holding

Mr. Vasu Naren and Ms. Shweta Baisla are the promoters of the company.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.59%

About Sona Machinery Limited

Founded in 2019, Sona Machinery Limited produces agricultural machinery for processing rice, pulses, wheat, spices, and Barnyard Millet.

The company manufactures 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 etc.

The company exports its products to Nigeria, Bangladesh, Kenya and Nepal.

The company has been accredited with ISO 9001:2015 for Quality Management Systems by Das System & Services Pvt Ltd.

Sona Machinery's service offering includes engineering, installation, supervision and machine commissioning, providing a complete solution for the milling sector, ranging from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry.

The company's manufacturing facility is located in Ghaziabad, Uttar Pradesh, with a total area of approximately 52,205 sq. ft. and a warehouse for storing material and finished goods.

As of September 30, 2023, the company employed over 390 employees, including semi-skilled workers at various levels of the organization.

Sona Machinery Limited Financial Information (Restated Standalone)

Sona Machinery Limited's revenue increased by 82.3% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,211.302,858.191,516.58732.21
Revenue6,288.118,118.064,453.07606.33
Profit After Tax647.82768.36326.4727.81
Net Worth1,780.161,132.34363.9837.51
Reserves and Surplus770.161,122.34353.9827.51
Total Borrowing112.94252.60236.61
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Sona Machinery IPO is Rs 196.25 Cr.

KPI as of November 30, 2023.

KPI Values
ROE44.49%
ROCE46.61%
Debt/Equity0.06
RoNW36.39%
P/BV8.11
PAT Margin (%)10.32
Pre IPO Post IPO
EPS (Rs) 7.617.08
P/E (x) 18.820.2
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2023 that is available in RHP.

Objects of the Issue (Sona Machinery IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding the Capital Expenditure requirements of the company towards setting up a new manufacturing unit at Ghaziabad.
  2. Repayment of the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery.
  3. General Corporate Purpose

Sona Machinery IPO Review (May apply)

[Dilip Davda]  The company is in agro processing equipment manufacturing, marketing and related service provider. It marked steady growth in its top and bottom lines for the reported periods. However, based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term rewards. Read detail review...


Sona Machinery IPO Subscription Status (Bidding Detail)

The Sona Machinery IPO is subscribed 273.50 times on March 7, 2024 6:21:00 PM. The public issue subscribed 235.06 times in the retail category, 129.72 times in the QIB category, and 554.42 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB129.72
NII554.42
Retail235.06
Total273.50

Total Application : 283,245 (235.06 times)

Sona Machinery IPO Prospectus

Sona Machinery IPO Rating

6
5.0
Rating:Rated 5.0 stars
Vote Here ...

Sona Machinery IPO Listing Details

Listing Date March 13, 2024
BSE Script Code
NSE Symbol SONAMAC
ISIN INE0Q6H01012
Final Issue Price ₹143 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹143.00
₹125.00
₹118.75
₹131.25
₹131.25

Check IPO Performance…

Sona Machinery Limited Contact Details

Sona Machinery Limited
Unit No. 701, 7th floor,
KLJ Tower, Plot No. B-5, Netaji Subhash Place,
Maurya Enclave, North West Delhi, Delhi – 110034
Phone: +91-8448984368
Email: cs@sonamachinery.com
Website: http://www.sonamachinery.com/

Sona Machinery IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

Sona Machinery IPO - Buy or Not

Sona Machinery IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 2 0 0

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Sona Machinery IPO FAQs

Sona Machinery IPO is a SME IPO of 3,624,000 equity shares of the face value of ₹10 aggregating up to ₹51.82 Crores. The issue is priced at ₹136 to ₹143 per share. The minimum order quantity is 1000 Shares.

The IPO opens on March 5, 2024, and closes on March 7, 2024.

Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Sona Machinery IPO using UPI as a payment gateway. Zerodha customers can apply in Sona Machinery IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sona Machinery IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sona Machinery IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sona Machinery IPO opens on March 5, 2024 and closes on March 7, 2024.

Sona Machinery IPO lot size is 1000 Shares, and the minimum amount required is ₹143,000.

You can apply in Sona Machinery IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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. Check the Sona Machinery IPO allotment status.

The Sona Machinery IPO listing date is on March 13, 2024.
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Sona Machinery IPO Message Board

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299 Comments

121. Nikhil Kanabar |   Link |  Bookmark |March 27, 2024 11:06:43 AM
Sona Machinery is good buy at this level with good fundamentals.
it will go above 152+ level in few trading sessions. buy as much as because its already below issue price with awesome subscription figures.
Circuit limit will change 5 to 20 percentage by today night OR tomorrow as per my view.
HOLD and enjoy profit
120. IPO guro |   Link |  Bookmark |March 24, 2024 11:45:24 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Is ipo nay Hem security ka Barosa dagmaga diya. Ab mujhe Hem security par bharosa nahi raha.
119. IPO guro |   Link |  Bookmark |March 22, 2024 9:47:01 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Shri Karni mata ki jai ho
₹ 1000 pahucha day sabka bhala ho.
118. IPO guro |   Link |  Bookmark |March 19, 2024 1:14:06 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
My Target is ₹ 80
118.1. MuStrFc |   Link |  Bookmark |March 20, 2024 7:13:16 PM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
Statements are getting contradictory and misleading for others here, will advise you to clarify for the better.
117. IPO guro |   Link |  Bookmark |March 14, 2024 6:49:13 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Guro ₹128 par 1 lot otha le.
116. S Aggarwal |   Link |  Bookmark |March 14, 2024 2:15:33 PM
Can we enter this stock now ?
115. PKRAJ |   Link |  Bookmark |March 13, 2024 11:05:26 PM
Just see the position of
**THE MOST AWAITED SME**. Sitara Jami Pe.
Nobody can think and say what will happen in afternoon after not a bad start in the morning. Just enjoy the beauty of Stock Market.
**Beauty Is To See Not To Touch**
Just a sneeze to a VV IMPORTANT Person may create a down fall in the market. So a Statement is a very big aspect for share market.
114. MVP |   Link |  Bookmark |March 13, 2024 10:41:52 AM
IPO Guru IPO Guru (1400+ Posts, 1000+ Likes)
हां भाई, कोन कोन था जो वो सेबी वाले मैडम के स्टेटमेंट से खुश हो रहे थे? जो सोच रहे थे अब तो रिटेल निवेशकों का बहोत फायदा होगा ।
Just one stupid generic statement has destroyed the SME market, many retail investors made huge losses since that statement.
The hard fact - SME IPOs give 2-3 times returns on listing BECAUSE there is a manipulation.
114.8. CL BASSI |   Link |  Bookmark |March 13, 2024 2:26:00 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
I support to Ipo traders
114.9. IPOTraders |   Link |  Bookmark |March 13, 2024 10:43:50 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
@CL BASSI Thanks
113. world wide explorer |   Link |  Bookmark |March 13, 2024 9:33:38 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Market is the Boss!! Even Hem couldn't save this. I am sure this should bounce back in a week.
112. IPO Electrifying |   Link |  Bookmark |March 13, 2024 7:22:03 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
SEBI Decision on SME IPO is very good.
They have to check manipulation of fixing pricing and allotment processing. Retail investors are full. They are blindly applying without knowing fundamentals and quality of the stocks and price of ipo. Itna oversubscribed hua hai tau bharo. This strategy is always dangerous. Some day it has to come out and shows the truth.
Still I am saying jagte raho. Your money is your savings. Don't waste by applying blindly.
111. Modi Adani |   Link |  Bookmark |March 13, 2024 3:39:54 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
**After listing story**
Itni khushi, itni khushi mujhe aaj tk nai hui 🤣🤣

110. SATISH CHAVDA |   Link |  Bookmark |March 13, 2024 9:55:29 AM
80% Premium and Discount Listing ??????
110.1. ctrl.Alt.facts |   Link |  Bookmark |March 13, 2024 3:22:39 PM
its a reflection on the GMP ! dhabba
109. GrayIsTheNewBlack |   Link |  Bookmark |March 13, 2024 9:49:12 AM
IPO Guru IPO Guru (2200+ Posts, 1400+ Likes)
1st discount listing from HEM in a very long time
Shows how sentiments affects listings, a shit business like Euphoria listed at 100% premium while a decent business like Sona is listed at discount.
109.4. Smile✍️ |   Link |  Bookmark |March 13, 2024 2:45:18 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
@GrayIsTheNewBlack Hem ko bhi najar lag gayi
109.5. GrayIsTheNewBlack |   Link |  Bookmark |March 13, 2024 2:51:34 PM
IPO Guru IPO Guru (2200+ Posts, 1400+ Likes)
@Mr. Agrawal - I'm holding today whatever I was holding a week back (barring few shares which I was anyways going to sell).
I'm not good at timing the market.
108. IPO guro |   Link |  Bookmark |March 13, 2024 2:03:27 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
1 st allotment hi loss na book karna 1 year hold karo.
107. Agrawal S |   Link |  Bookmark |March 13, 2024 1:19:53 PM
Top Contributor Top Contributor (800+ Posts, 200+ Likes)
रख हौसला करो फैसला.. only way to survive
107.1. Ipo HSL |   Link |  Bookmark |March 13, 2024 1:50:01 PM
True
106. Ipo HSL |   Link |  Bookmark |March 13, 2024 1:49:28 PM
Feeling Sad for CG Family members who got allotment and booked losses.. 😞

Sach me Supreme hai Market & Sentiment.. 😯
105. Rajesh Pithadia |   Link |  Bookmark |March 13, 2024 12:55:44 PM
Hello All Seniors

I got 1st SME since couple of years. When i was applied its gmp is Rs. 80 and listing on discount. I have not sell and cmp is 131 with UC.

Please need your advice for the same. (hold or sell), subscription are good of QIB and HNI.
104. Mas |   Link |  Bookmark |March 13, 2024 12:46:19 PM (200+ Posts)
Very irresponsible statement from Sebi chief, must have thought of effects before talking in public domain.
103. SOAM |   Link |  Bookmark |March 13, 2024 11:11:35 AM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
ye toh miracle ho gaya listing par. ab toh dhoti utha ke bhagne ka tym aa gaya. waise v jav se 500x 1000x subscriptions aane lage the allotment hi nei mil raha tha. Those ultra hni who made millions ab thoda dakshina de ke v jao. Feeling bad for those allotted retailers. Even Hem can't save you.
102. Naughty ipo |   Link |  Bookmark |March 13, 2024 10:09:41 AM (200+ Posts)
Qib aa gaye.. locked in Uc
102.1. IPONEED |   Link |  Bookmark |March 13, 2024 10:54:30 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
strong UC nhi h, abhi almost 6 lk+ shares trade only