Sona Machinery IPO GMP, Review, Price, Allotment

Sona Machinery IPO GMP

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.

Sona Machinery

Promoters of Sona Machinery – Vasu Naren

Sona Machinery IPO Details

Sona Machinery IPO Dates5 – 7 March 2024
Sona Machinery Issue PriceINR 136 – 143 per share
Fresh issue3,624,000 shares (INR 49.29 – 51.82 crore)
Offer For SaleNil
Total IPO size3,624,000 shares (INR 49.29 – 51.82 crore)
Minimum bid (lot size)1,000 shares (INR 143,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE Emerge

Sona Machinery Financial Performance

 FY 2021FY 2022FY 20238M FY 2024
Net income0.283.267.686.48
Figures in INR Crores unless specified otherwise

Sona Machinery Offer News

Sona Machinery Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio17.87 – 18.79
RONW (%)74.1489.7067.86
ROCE (%)81.4777.5680.20
EBITDA (%)6.6912.0414.77
Debt/Equity 0.650.22
*Compiled by IPO Central from Prospectus

Sona Machinery IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
12 March 2024109,000
11 March 20244040,000
9 March 20247060,000
8 March 202410080,000
7 March 202410077,000
6 March 202410077,000
5 March 20247060,000
4 March 20244840,000
2 March 20244540,000
1 March 20243530,000
29 February 20242520,000

Sona Machinery IPO Subscription – Live Updates

Shares Offered688,000517,0001,205,0002,410,000
7 Mar 2024129.72554.77235.06273.57
6 Mar 20246.7834.6562.1740.45
5 Mar 20246.718.5918.8813.20

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 Date5 March 2024
IPO Closing Date7 March 2024
Finalization of Basis of Allotment11 March 2024
Initiation of refunds12 March 2024
Transfer of shares to demat accounts12 March 2024
IPO Listing Date13 March 2024
Opening Price on NSE SMEINR 125 per share (down 12.59%)
Closing Price on NSE SMEINR 131.25 per share (down 8.22%)

Sona Machinery Offer Lead Manager

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email[email protected]

Sona Machinery Offer Registrar

451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: [email protected]

Sona Machinery IPO Contact Details

F-16 & C-1, Sec A-3, Tronica City, GZB,
Loni, Ghaziabad-201103, Uttar Pradesh
Phone: +91-8448984368
E-mail: [email protected]


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.


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