Sona Machinery Ltd
Price Range
₹136 - ₹143
Min. Quantity
1,000
Closes on
7 March 2024
Min. investment
₹1,43,000/1,000 Shares
Sona Machinery Ltd IPO Timeline
Sona Machinery Ltd was originally incorporated as a Private Limited Company under the name of 'Sona Machinery Private Limited' on February 12, 2019 with the Registrar of Companies, Delhi. Subsequently, Company converted into a Public Limited and consequently the name of Company was changed from 'Sona Machinery Private Limited' to 'Sona Machinery Limited' vide a fresh Certificate of Incorporation dated October 17, 2023, issued by the Registrar of Companies, Delhi.
| Event | Date |
|---|---|
| Sona Machinery Ltd IPO Opening Date | 5 March 2024 |
| Sona Machinery Ltd IPO Closing Date | 7 March 2024 |
| Basis of Allotment | 11 March 2024 |
| Initiation of Refunds | 12 March 2024 |
| Credit of Shares to Demat | 12 March 2024 |
| Sona Machinery Ltd IPO Listing Date | 13 March 2024 |
Sona Machinery Ltd IPO Details
| Sona Machinery Ltd IPO Date | 5 March 2024 to 7 March 2024 |
| Sona Machinery Ltd IPO Face Value | ₹10 per share |
| Sona Machinery Ltd IPO Price | ₹136 to ₹143 per share |
| Sona Machinery Ltd IPO Lot Size | 1,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹51.82 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹51.82 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Vasu Naren, Shweta Baisla |
Sona Machinery Ltd IPO Lot Size
The Sona Machinery Ltd IPO lot size is 1,000 shares. A retail-individual investor can apply for up to 1 lots (1,000 shares or ₹1,43,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,000 | ₹1,43,000 |
| Maximum | 1 | 1,000 | ₹1,43,000 |
- Strengths
- Risks
- Opportunities
- Diversified product range appealing to a wide range of customers.
- Quality Assurance ensuring standardized quality of its products.
- Diversified revenue from multiple geographies.
- Experienced Promoter with senior management, backed by sales team having industry knowledge.
Company Financials
Sona Machinery Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 85.81 | 95.68 | 10.47 |
| 03-2023 | 28.42 | 81.13 | 7.68 |
| 03-2022 | 15.21 | 44.53 | 3.30 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capital expenditure requirements of the company towards setting up of a new manufacturing unit
- Repayment of the outstanding amount of the letter of credit availed by the company for purchase of machinery
- General corporate purposes
Sona Machinery Ltd IPO Promoter Holding
| Pre Issue Share Holding | 90% |
| Post Issue Share Holding | 66.23% |
Sona Machinery Ltd IPO Subscription Status (Bidding Detail)
The Sona Machinery Ltd IPO is subscribed 181.9318 times on 7 March 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 181.9318 |
Sona Machinery Ltd IPO Prospectus
Sona Machinery Ltd IPO Listing Date
| Listing Date | 13 March 2024 |
| BSE Script | 92590 |
| NSE Symbol | SONAMAC |
| Listing In | NSE - SME |
| ISIN | INE0Q6H01012 |
| IPO Price | ₹143 |
| Face Value | ₹10 |
Company Contact Information
Unit # 701 7th Flr KLJ TowerP.# B-5 Netaji S.P.Maurya Encl,Delhi-110034
Phone: +91 84489 84368
Email: cs@sonamachinery.com
Website: www.sonamachinery.com
Sona Machinery Ltd IPO Registrar
Sona Machinery Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Sona Machinery Ltd IPO?
I have pre-applied for Sona Machinery Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.