Sona Machinery IPO description – Sona Machinery stands as a multifaceted agro-processing equipment manufacturer, producing a wide array of machinery tailored for rice, pulses, wheat, spices, and even Barnyard Millet processing. The company offers a diverse range of products, including 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.
The services provided encompass engineering, erection, supervision, and machine commissioning, offering a comprehensive end-to-end solution for the milling section. This includes grain unloading and milling solutions up to pre-masher for ethanol distilleries, as well as paddy unloading to rice packaging for rice mill industries.
Sona Machinery has exported a small portion of its products to countries such as Nigeria, Bangladesh, Kenya, Nepal, etc., generating approximately 0.60%, 3.12%, 2.39%, and 2.15% of its total revenue from export sales for the period ending 31 August 2023 and FY 2023, 2022 and 2021 respectively. As of 30 September 2023, the company had a workforce of over 390 employees, comprising semi-skilled workers at different levels within the organization.
Promoters of Sona Machinery – Vasu Naren
Table of Contents
Sona Machinery IPO Details
| Sona Machinery IPO Dates | 5 – 7 March 2024 |
| Sona Machinery Issue Price | INR 136 – 143 per share |
| Fresh issue | 3,624,000 shares (INR 49.29 – 51.82 crore) |
| Offer For Sale | Nil |
| Total IPO size | 3,624,000 shares (INR 49.29 – 51.82 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 143,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Sona Machinery Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 8M FY 2024 |
| Revenue | 6.04 | 44.52 | 80.97 | 62.75 |
| Expenses | 5.76 | 39.95 | 70.59 | 54.16 |
| Net income | 0.28 | 3.26 | 7.68 | 6.48 |
Sona Machinery Offer News
- Sona Machinery RHP
- Sona Machinery Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Sona Machinery Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.28 | 3.23 | 7.61 |
| PE ratio | – | – | 17.87 – 18.79 |
| RONW (%) | 74.14 | 89.70 | 67.86 |
| NAV | 0.37 | 3.60 | 11.21 |
| ROCE (%) | 81.47 | 77.56 | 80.20 |
| EBITDA (%) | 6.69 | 12.04 | 14.77 |
| Debt/Equity | – | 0.65 | 0.22 |
Sona Machinery IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 12 March 2024 | 10 | – | 9,000 |
| 11 March 2024 | 40 | – | 40,000 |
| 9 March 2024 | 70 | – | 60,000 |
| 8 March 2024 | 100 | – | 80,000 |
| 7 March 2024 | 100 | – | 77,000 |
| 6 March 2024 | 100 | – | 77,000 |
| 5 March 2024 | 70 | – | 60,000 |
| 4 March 2024 | 48 | – | 40,000 |
| 2 March 2024 | 45 | – | 40,000 |
| 1 March 2024 | 35 | – | 30,000 |
| 29 February 2024 | 25 | – | 20,000 |
Sona Machinery IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 688,000 | 517,000 | 1,205,000 | 2,410,000 |
| 7 Mar 2024 | 129.72 | 554.77 | 235.06 | 273.57 |
| 6 Mar 2024 | 6.78 | 34.65 | 62.17 | 40.45 |
| 5 Mar 2024 | 6.71 | 8.59 | 18.88 | 13.20 |
The market maker reservation portion of 182,000 shares is not included in the above calculations.
Sona Machinery IPO Allotment Status
Sona Machinery IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Sona Machinery IPO Dates & Listing Performance
| IPO Opening Date | 5 March 2024 |
| IPO Closing Date | 7 March 2024 |
| Finalization of Basis of Allotment | 11 March 2024 |
| Initiation of refunds | 12 March 2024 |
| Transfer of shares to demat accounts | 12 March 2024 |
| IPO Listing Date | 13 March 2024 |
| Opening Price on NSE SME | INR 125 per share (down 12.59%) |
| Closing Price on NSE SME | INR 131.25 per share (down 8.22%) |
Sona Machinery Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Sona Machinery Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone:Â 011-45121795
Email:Â [email protected]
Website:Â www.maashitla.com
Sona Machinery IPO Contact Details
SONA MACHINERY LIMITED
F-16 & C-1, Sec A-3, Tronica City, GZB,
Loni, Ghaziabad-201103, Uttar Pradesh
Phone: +91-8448984368
E-mail: [email protected]
Website: www.sonamachinery.com
IPO FAQs
What is the Sona Machinery offer size?
Sona Machinery’s offer size is INR 49.29 – 51.82 crores.
What is the Sona Machinery offer price band?
Sona Machinery’s public offer price is INR 136 – 143 per share.
What is the lot size of the Sona Machinery IPO?
Sona Machinery offer lot size is 1,000 shares.
What is Sona Machinery IPO GMP today?
Sona Machinery IPO GMP today is INR 10 per share.
What is the Sona Machinery kostak rate today?
Sona Machinery’s kostak rate today is INR NA per application.
What is Sona Machinery Subject to the Sauda rate today?
Sona Machinery is Subject to the Sauda rate today is INR 9,000 per application.
