Sona Machinery Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,720,000 (47%) | — | ₹2,460 Cr |
| NII (HNI) | — | 517,000 (14%) | — | ₹739 Cr |
| Retail | — | 1,205,000 (33%) | — | ₹1,723 Cr |
| Market Maker | — | 182,000 (5%) | — | ₹26 Cr |
| Σ Total | — | 3,624,000 (100%) | — | ₹51,823 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹143,000 |
| Retail (Max) | 13 | 13,000 | ₹1,859,000 |
| S-HNI (Min) | 14 | 14,000 | ₹2,002,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,581,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 6,288 | 8,118 | 4,453 |
| Profit After Tax | 648 | 768 | 326 |
| Net Worth | 1,780 | 1,132 | 364 |
| Total Assets | 4,211 | 2,858 | 1,517 |
| Reserves & Surplus | 770 | 1,122 | 354 |
| Total Borrowing | 113 | 253 | 237 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the Capital Expenditure requirements of the company towards setting up a new manufacturing unit at Ghaziabad. –
- Repayment of the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery. –
- General Corporate Purpose –
Company Overview
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.