Sona Machinery Ltd IPO
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Sona Machinery Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 36.24 L | TBA | ₹ 12.05 L | ₹ 93.93 L | NSE | ₹ 51.82 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 05 Mar, 24 | 07 Mar, 24 | 1000 | ₹ 1,36,000 | Book Building - SME | 13 Mar, 24 |
Sona Machinery Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 1720000 | 0 |
| NII | 554.78x | 517000 | 286821000 |
| Retail | 235.06x | 1205000 | 283251000 |
| Employee | 0x | 0 | 0 |
| Total | 181.93x | 3624000 | 659321000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Sona Machinery Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 15.28 | 11.41 | 5.26 |
| EBITDA | 16.48 | 12.30 | 5.90 |
| PAT | 10.47 | 7.68 | 3.30 |
| Total Assets | 76.37 | 20.20 | 12.50 |
| Share Capital | 13.72 | 0.10 | 0.10 |
| Total Borrowings | 9.53 | 3.61 | 6.78 |
| Operating Activities (Net Cash) | 11.67 | 8.57 | 3.94 |
| Investing Activities (Net Cash) | 2.90 | 4.03 | 0.01 |
| Financing Activities (Net Cash) | 9.53 | 3.61 | 6.78 |
| Net Cashflow | 45.85 | 6.63 | 1.55 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Sona Machinery Ltd
Sona Machinery Limited was originally incorporated as a Private Limited Company under the name of Sona Machinery Private Limited on February 12, 2019 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Delhi. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extraordinary General Meeting, held on September 21, 2023, the Company was converted into a Public Limited Company and consequently the name of the Company was changed from Sona Machinery Private Limited to Sona Machinery Limited vide a fresh certificate of incorporation Consequent upon conversion to public company dated October 17, 2023, issued by the Registrar of Companies, Delhi and bearing CIN U29256DL2019PLC345856.
India's food processing sector is one of the largest in the world and its output is expected to reach $535 Bn by 2025-26. The Food Processing sector in India has a quintessential role in linking Indian farmers to consumers in the domestic and international markets. The Ministry of Food Processing Industries (MoFPI) is making all efforts to encourage investments across the value chain. The food processing industry has a share of 12.38% (at 3-digit of NIC classification) in the employment generated in all Registered Factory sector engaging approximately 1.93 Mn people. Major sectors constituting the food processing industry in India are grains, sugar, edible oils, beverages, and dairy products.
Sona Machinery Limited is a diversified agro-processing equipment manufacturer, manufacturing equipments for the processing of rice, pulses, wheat, spices, Barnyard Millet etc. Its product 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. along with the complete projects for rice mills and ethanol distilleries. its services encompass engineering, erection, supervision, and machine commissioning, delivering a comprehensive end-to-end solution for the milling section.
Peer Comparison:
- No Listed Industry Peers
Sona Machinery Ltd IPO Key Points
Strengths
- Diversified product range appealing to a wide range of customers.
- Quality Assurance ensuring standardized quality of its products.
- Diversified revenue from multiple geographies.
- Experienced Promoter with senior management, backed by sales team having industry knowledge.
Risk
- The company has very short span of operating history as company.
- 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.
- 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.
Strategy
- Expand its domestic and international presence.
- Focus on increasing operational efficiencies.
- Setup of new integrated manufacturing facility.
- Scale up branding and promotional activities.
- Diversified product range appealing to a wide range of customers.
- Quality Assurance ensuring standardized quality of its products.
- Diversified revenue from multiple geographies.
- Experienced Promoter with senior management, backed by sales team having industry knowledge.
How To Apply for Sona Machinery Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.