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Sona Machinery Ltd

Engineering

Offer Period :

5th to 7th Mar 2024

Established in 2001, Sona Machinery Limited specializes in agricultural processing machinery production, offering Grains Pre-Cleaners, Husk Aspirators, and more.  Read more... Based in Ghaziabad, Uttar Pradesh, its 52,205 sq. ft. facility provides engineering, installation, and comprehensive solutions for the milling sector. With 390+ employees, it ensures quality service and products.Read less

Sona Machinery Ltd IPO Details

IPO Date 5th to 7th Mar 2024 Minimum Investment ₹143000 / 1 Lots
Listing Date 2024-03-13 Maximum Investment ₹143000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹51.82 Crores
Price ₹143 to ₹143 per share Fresh Issue ₹51.82 Crores
Lot Size 1 Lots (1000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 5th to 7th Mar 2024
Listing Date 2024-03-13
Face Value ₹10 per share
Price ₹143 to ₹143 per share
Lot Size 1 Lots (1000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹143000 / 1 Lots
Maximum Investment ₹143000 / 1 Lots
Total Issue Size ₹51.82 Crores
Fresh Issue ₹51.82 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

5th Mar

IPO Starts

7th Mar

IPO Ends

11th Mar

Allotment Date

12th Mar

Initiation of Refund

12th Mar

Credit of Shares to Demat Account

13th Mar

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 93 68.44
Public Group 7 31.56

Sona Machinery Ltd IPO Reservation

QIB Shares Offered 1720000(47.46%)
NII (HNI) Shares Offered 517000(14.27%)
Retail Shares Offered 1205000(33.25%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3624000
Total Shares With Anchor Investor 3624000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Sona Machinery Ltd IPO Registrar

Maashitla Securities Pvt Ltd
Phone Number +91-11-45121795
Email Id investor.ipo@maashitla.com
Our Website www.maashitla.com

Sona Machinery Ltd IPO Lead Manager

1. Hem Securities Ltd

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Sona Machinery Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Sona Machinery Ltd

1. Diversified product range appealing to a wide range of customers.

2. Quality Assurance ensuring standardized quality of its products.

3. Diversified revenue from multiple geographies.

4. Experienced Promoter with senior management, backed by sales team having industry knowledge.

Risks Involved

1. The company has very short span of operating history as company.

2. The company generate its major portion of revenue from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

3. The agriculture sector is seasonal in nature. The company experience the effects of seasonality, which may result in its operating results fluctuating significantly and also, reduce its sales.

4. The company does not have long-term agreements with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.

5. If there are delays in setting up the Proposed Facilities or if the costs of setting up and the possible time or cost overruns related to the Proposed Facilities or the purchase of plant and machinery for the Proposed Facilities are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects.

6. Its business is dependent on the company manufacturing unit, and the loss or shutdown of operations of its manufacturing unit may have a material adverse effect on its business, results of operations, cash flows and financial condition.

7. The company requires certain approvals, licenses, registrations and permits to operate its business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate its business may adversely affect its operations and financial conditions.

8. The company does not own the registered office, manufacturing unit and warehouse from which the company carry out its business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.

9. The company has not registered the trademarks which its using for the company's business in the name of the company.

10. A significant portion of its revenue is generated from its sales of milling & grading equipments and material handling equipments. The loss of customers who purchase these equipments, or a significant reduction in the production and sales of, or demand for said equipments may adversely affect its business, financial condition, results of operations and prospects.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Sona Machinery Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-03-13 92590 SONAMAC
INE0Q6H01012
₹143 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹143 ₹143
Open ₹0 ₹125
Low ₹0 ₹118.75
High ₹0 ₹131.25
Low ₹0 ₹118.75

Frequently Asked Questions

What is Sona Machinery Ltd IPO?

Answer Field

Sona Machinery Ltd IPO is a SME IPO of 36,24,000 equity shares of a face value of ₹10 aggregating up to ₹51.82 Crores. The issue is priced at ₹143 to ₹143 per share. The minimum order quantity is 1000 Shares. The IPO opens on March 05, 2024, and closes on March 07, 2024. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Sona Machinery Ltd IPO will open?

Answer Field

The Sona Machinery Ltd IPO opens on March 05, 2024 and closes on March 07, 2024.

What is the lot size of Sona Machinery Ltd?

Answer Field

Sona Machinery Ltd lot size is 1000 shares, and the minimum amount required is ₹1,43,000.

How to apply for Sona Machinery Ltd IPO?

Answer Field

You can apply in Sona Machinery Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Sona Machinery Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Sona Machinery Ltd IPO will be done on March 11, 2024, and the allotted shares will be credited to your demat account by March 12, 2024.

When is Sona Machinery Ltd IPO listing date?

Answer Field

The Sona Machinery Ltd listing date is March 13, 2024.

Who is the registrar of Sona Machinery Ltd IPO?

Answer Field

The registrar of Sona Machinery Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Sona Machinery Ltd IPO?

Answer Field

The fresh issue size is ₹51.82 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Sona Machinery Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1000 shares and ₹1,43,000 amount.

How can I approve the UPI mandate request for Sona Machinery Ltd IPO?

Answer Field

To apply for Sona Machinery Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Sona Machinery Ltd?

Answer Field

The price of each Sona Machinery Ltd share will be ranging in between ₹143 to ₹143 per share.

What is the cut-off time for the UPI mandate for Sona Machinery Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 07, 2024.

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