Sona Machinery Limited IPO
- IPO Date05 Mar, 2024 to 07 Mar, 2024
- Listing Date13 Mar, 2024
- Face Value₹10 per share
- Issue Price₹136 to ₹143 per share
- Lot Size1000 Shares
- Minimum Investment₹1,43,000
- Listing AtNSE SME
- Total Issue Size36,24,000 Shares
(aggregating up to ₹51.82 Cr) - Fresh Issue36,24,000 Shares
(aggregating up to ₹51.82 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,01,00,000
- Shareholding post issue1,37,24,000
IPO Dates
Closing Date
07 Mar, 2024
Initiation of Refunds
12 Mar, 2024
Listing Date
13 Mar, 2024
05 Mar, 2024
Opening Date
11 Mar, 2024
Basis of Allotment
12 Mar, 2024
Credit of Shares
Sona Machinery Limited Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1000 | ₹1,43,000 |
| HNI (Min) | 2 | 2000 | ₹2,86,000 |
| Retail (Min) | 1 | 1000 | ₹1,43,000 |
Sona Machinery Limited Promoter Holding
Mr. Vasu Naren and Ms. Shweta Baisla are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.59% |
Sona Machinery Limited COMPANY INFORMATION
Sona Machinery IPO is a book built issue of Rs 51.82 crores. The issue is entirely a fresh issue of 36.24 lakh shares. Sona Machinery IPO bidding started from March 5, 2024 and ended on March 7, 2024. The allotment for the Sona Machinery IPO is expected to be finalized on Monday, March 11, 2024. Sona Machinery IPO will list on NSE SME with tentative listing date fixed as Wednesday, March 13, 2024. Sona Machinery IPO price band is set at ₹136 to ₹143 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹143,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹286,000. Hem Securities Limited is the book running lead manager of the Sona Machinery IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Sona Machinery IPO is Hem Finlease. Refer to Sona Machinery IPO RHP for detailed information.
Founded in 2019, Sona Machinery Limited produces agricultural machinery for processing rice, pulses, wheat, spices, and Barnyard Millet.
The company manufactures 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.
The company exports its products to Nigeria, Bangladesh, Kenya and Nepal.
The company has been accredited with ISO 9001:2015 for Quality Management Systems by Das System & Services Pvt Ltd.
Sona Machinery's service offering includes engineering, installation, supervision and machine commissioning, providing a complete solution for the milling sector, ranging from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry.
The company's manufacturing facility is located in Ghaziabad, Uttar Pradesh, with a total area of approximately 52,205 sq. ft. and a warehouse for storing material and finished goods.
As of September 30, 2023, the company employed over 390 employees, including semi-skilled workers at various levels of the organization.
FAQs About Sona Machinery Limited Ipo
Sona Machinery Limited IPO will open on 05 Mar, 2024 and close on 07 Mar, 2024. Investors must apply within this period to participate.
The Sona Machinery Limited IPO price band is set between ₹136.00 and ₹143.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹143000.00.
The Sona Machinery Limited IPO shares are expected to be listed on 13 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Sona Machinery Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sona Machinery Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.