Sona Machinery IPO
IPO Details
- Open Date
05 Mar 2024
- Close Date
07 Mar 2024
- IPO Price Range
₹ 136
- IPO Size
₹ 51.82 Cr
- Listing Exchange
NSE SME
- Listing Date
13 Mar 2024
IPO Timeline
Sona Machinery IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 05-Mar-24 | 6.71 | 8.62 | 19.35 | 13.44 |
| 06-Mar-24 | 6.78 | 34.47 | 63.25 | 40.95 |
| 07-Mar-24 | 129.72 | 554.42 | 235.06 | 273.50 |
Last Updated: 15 March 2024 10:25 AM by 5Paisa
Sona Machinery Limited IPO is all set to open from 5th March to 7th March 2024. The company makes agro-processing equipment. The IPO includes a fresh issue of 3,624,000 shares worth ₹51.82 cr. The share allotment date is 11th March 2024, and the IPO will be listed on 13th March 2024 on the stock exchanges. The price band is ₹136 to ₹143 and the lot size is 1000 shares.
Hem Securities Limited is the book-running lead manager for this IPO, while Maashitla SecuritiesPrivate Limited is the registrar.
Objectives of Sona Machinery IPO:
Sona Machinery Limited plans to utilize the raised capital from the IPO to:
● To fund the Capital Expenditure requirements for setting up a new manufacturing facility in Ghaziabad.
● To repay the borrowings obtained for the machinery purchase.
● General corporate purposes.
Sona Machinery Limited makes agro-processing equipment for rice, pulses, wheat, spices, Barnyard Millet, and more. The company offers engineering, erection, supervision, and machine commissioning. It also offers a complete solution for the milling such as grain unloading and milling solution up to pre-masher for ethanol distilleries and paddy unloading to rice packaging for rice mill industries.
The company’s portfolio includes 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.
Sona Machinery is ISO 9001:2015 certified for Quality Management.
Peer Comparison
No listed peers.
For More Information:
Webstory on Sona Machinery IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 80.96 | 44.51 | 6.04 |
| EBITDA | 11.96 | 5.35 | 5.35 |
| PAT | 7.68 | 3.26 | 0.28 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 28.58 | 15.16 | 7.32 |
| Share Capital | 0.10 | 0.10 | 0.10 |
| Total Borrowings | 17.25 | 11.52 | 6.94 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 11.88 | -0.59 | 3.22 |
| Net cash from / (used in) investing activities | -6.46 | -0.71 | -2.74 |
| Net cash flow from / (used in) financing activities | -0.35 | 2.29 | - |
| Net increase (decrease) in cash and cash equivalents | 5.06 | 0.98 | 0.48 |
Strengths
1. The company has a diversified product range appealing to a wide range of customers.
2. The company focuses on Quality Assurance and Standards.
3. Diversified revenue from multiple geographies.
4. The company’s management team is well-experienced.
Risks
1. The company’s business is concentrated in certain geographical regions for revenues.
2. The business is subject to seasonality.
3. It faces competition from organized and unorganized players.
4. It has reported negative cash flows in the past.
5. Limited operating history.
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FAQs
Sona Machinery IPO opens from 5th March to 7th March 2024.
The size of Sona Machinery IPO is ₹51.82 cr.
To apply for Sona Machinery IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Sona Machinery IPO.
● 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.
The price band of Sona Machinery IPO is fixed at ₹136 to ₹143 per share.
The minimum lot size of Sona Machinery IPO is 1000 shares and the investment required is ₹1,36,000.
The share allotment date of Sona Machinery IPO is 11th March 2024.
The Sona Machinery IPO will be listed on 13th March 2024.
Hem Securities Limited is the book-running lead manager for Sona Machinery IPO.
Sona Machinery Limited plans to utilize the raised capital from the IPO to:
1. To fund the Capital Expenditure requirements for setting up a new manufacturing facility in Ghaziabad.
2. To repay the borrowings obtained for the machinery purchase.
3. General corporate purposes.
