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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.
| 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 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 Hem Finlease |
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 Offered | 1,032,000 (28.48%) |
| Market Maker Shares Offered | 182,000 (5.02%) |
| QIB Shares Offered | 688,000 (18.98%) |
| NII (HNI) Shares Offered | 517,000 (14.27%) |
| Retail Shares Offered | 1,205,000 (33.25%) |
| Total Shares Offered | 3,624,000 (100%) |
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 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 |
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 | |||
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% |
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'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 Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,211.30 | 2,858.19 | 1,516.58 | 732.21 |
| Revenue | 6,288.11 | 8,118.06 | 4,453.07 | 606.33 |
| Profit After Tax | 647.82 | 768.36 | 326.47 | 27.81 |
| Net Worth | 1,780.16 | 1,132.34 | 363.98 | 37.51 |
| Reserves and Surplus | 770.16 | 1,122.34 | 353.98 | 27.51 |
| Total Borrowing | 112.94 | 252.60 | 236.61 | |
| Amount in ₹ Lakhs | ||||
The market capitalization of Sona Machinery IPO is Rs 196.25 Cr.
KPI as of November 30, 2023.
| KPI | Values |
|---|---|
| ROE | 44.49% |
| ROCE | 46.61% |
| Debt/Equity | 0.06 |
| RoNW | 36.39% |
| P/BV | 8.11 |
| PAT Margin (%) | 10.32 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.61 | 7.08 |
| P/E (x) | 18.8 | 20.2 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 129.72 |
| NII | 554.42 |
| Retail | 235.06 |
| Total | 273.50 |
Total Application : 283,245 (235.06 times)
| Listing Date | March 13, 2024 |
| BSE Script Code | |
| NSE Symbol | SONAMAC |
| ISIN | INE0Q6H01012 |
| Final Issue Price | ₹143 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹143.00 |
| ₹125.00 |
| ₹118.75 |
| ₹131.25 |
| ₹131.25 |
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/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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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
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.
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RHP
IPO Mentor (1100+ Posts, 400+ Likes)
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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