What you must know about Sona Machinery IPO?
by 5paisa Research Team
28 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 13-Mar-24
- IPO Price Range ₹ 136
- Listing Price ₹ 125
- Listing Change -8.1%
- Last Traded Price ₹ 143.25
- Current Change 5.3%
Sona Machinery IPO Details
- Open Date 05-Mar-24
- Close Date 07-Mar-24
- Lot Size 1000
- IPO Size ₹ 51.82 Cr
- IPO Price Range ₹ 136
- Min Investment ₹ 136000
- Listing Exchange NSE SME
- Basis of Allotment 11-Mar-24
- Refunds 12-Mar-24
- Credit to Demat Account 12-Mar-24
- Listing Date 13-Mar-24
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 |
Sona Machinery IPO Synopsis
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.
About Sona Machinery
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
Sona Machinery Financial Status
Profit and Loss
Balance Sheet
| 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 |
Sona Machinery IPO Key Points
-
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.
Sona Machinery
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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
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Sona Machinery IPO FAQs
When does the Sona Machinery IPO opens and closes?
Sona Machinery IPO opens from 5th March to 7th March 2024.
What is the size of the Sona Machinery IPO?
The size of Sona Machinery IPO is ₹51.82 cr.
How to apply for the Sona Machinery IPO?
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.
What is the price band of Sona Machinery IPO?
The price band of Sona Machinery IPO is fixed at ₹136 to ₹143 per share.
What is the minimum lot size and investment required for the Sona Machinery IPO?
The minimum lot size of Sona Machinery IPO is 1000 shares and the investment required is ₹1,36,000.
What is the allotment date of the Sona Machinery IPO?
The share allotment date of Sona Machinery IPO is 11th March 2024.
What is the Sona Machinery IPO listing date?
The Sona Machinery IPO will be listed on 13th March 2024.
Who are the book runners for the Sona Machinery IPO?
Hem Securities Limited is the book-running lead manager for Sona Machinery IPO.
What is the objective of 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.
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