Sona Machinery Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Sona Machinery Ltd IPO

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.

Sona Machinery Ltd IPO Details

Total Shares Offered

₹ 36,24,000

Offer to Public

TBA

Retail Max (Shares)

₹ 12,05,000

Pre Issue Promoters Holding

₹ 93,92,996

Exchange

NSE

Issue size

₹ 51.82 Cr

IPO Open Date

Mar 5, 2024

Close Date

Mar 7, 2024

Lot Size

1000

Min Investment

₹ 1,36,000

Issue Type

Book Building - SME

Listing Date

Mar 13, 2024

Sona Machinery Ltd IPO Dates

Mar 5, 2024

Opening date

Mar 7, 2024

Closing date

Mar 11, 2024

Basis of Allotment

Mar 12, 2024

Initiation of Refunds

Mar 12, 2024

Credit of Shares

Mar 13, 2024

Listing date

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*
QIB	0x	1720000
NII	0x	517000
Retail	0x	1205000
Employee	0x	0
Total	0x	3624000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1720000

517000

1205000

3624000

Sona Machinery Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	7.11	15.28	11.41
EBITDA	8.93	16.48	12.30
PAT	3.85	10.47	7.68
Total Assets	63.38	75.38	20.20
Share Capital	13.72	13.72	0.10
Total Borrowings	22.47	8.46	3.61
Operating Activities (Net Cash)	5.67	11.67	8.57
Investing Activities (Net Cash)	-2.18	2.90	4.03
Financing Activities (Net Cash)	22.47	8.46	3.61
Net Cashflow	5.58	45.85	6.63

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.

Peer Comparison:

No Listed Industry Peers

Sona Machinery Ltd 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.

How To Apply for Sona Machinery Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Sona Machinery Ltd IPO?

Sona Machinery Ltd's IPO offers shares for up to 51.82 It begins on Mar 5, 2024 and ends on Mar 7, 2024.

What is the price of the Sona Machinery Ltd IPO?

The price of Sona Machinery Ltd IPO ranges between ₹136 to ₹143 per share.

What are the open and close dates for the Sona Machinery Ltd IPO?

The Sona Machinery Ltd IPO opens on Mar 5, 2024 and closes on Mar 7, 2024.

When will the Sona Machinery Ltd IPO be allotted?

The allotment for the Sona Machinery Ltd IPO will be finalised on Mar 11, 2024. The shares will be listed on BSE and NSE on Mar 13, 2024.

What is the minimum lot size required for Sona Machinery Ltd IPO?

The minimum lot size for Sona Machinery Ltd IPO is 1000 shares, priced between ₹136 to ₹143 per share.

What is the GMP of Sona Machinery Ltd IPO?

The GMP (Grey Market Premium) of Sona Machinery Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Sona Machinery Ltd IPO?

To check the allotment status of Sona Machinery Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Sona Machinery Ltd IPO getting listed?

The Sona Machinery Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Mar 5, 2024, and closes on Mar 7, 2024. The allotment is finalised on Mar 11, 2024.

How do you apply for the Sona Machinery Ltd IPO?

To apply for the Sona Machinery Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.