Sona Machinery Limited
Book Built Issue IPO · NSE
- Price band
- ₹136 - ₹143
- Lot size
- 1,000 shares
- Issue amount
- ₹51.82 cr
- Total subscription
- 273.57×
- Opens
- 5 Mar 2024
- Closes
- 7 Mar 2024
- Allotment
- 11 Mar 2024
- Listing
- 13 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 36,24,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹51.82 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,43,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,01,00,000
- Shares after issue
- 1,37,24,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,43,000 |
| HNI | 2 | 2,000 | ₹2,86,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.84 | 1,276.26 |
| RETAIL | 17.23 | 4,050.4 |
| NIB | 7.39 | 4,101.47 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|
| EPS | 7.61 | 3.23 | 0.28 |
| ROE | 102.7 | 162.63 | 117.81 |
| ROCE | 80.2 | 77.56 | 81.47 |
| RONW | 67.86 | 89.7 | 74.14 |
| PRE IPO(PE) | 8.11 | 0 | 0 |
| POST IPO(PE) | 18.73 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Sona Machinery Limited, established in 2001, is a prominent manufacturer of agricultural processing machinery, offering a diverse range of products such as Grains Pre-Cleaner machines, Rotary Drum Cleaner, and Rice Whitener. The company provides comprehensive end-to-end solutions for the milling sector, including engineering consultation, installation services, and machine commissioning. Operating from a state-of-the-art manufacturing facility in Ghaziabad, Uttar Pradesh, spanning 52,205 square feet, Sona Machinery Limited employs over 390 skilled professionals and semi-skilled workers. With a strong focus on innovation, quality, and customer satisfaction, the company continues to be a trusted partner in the agricultural processing industry, serving clients across global markets.
Strengths
- Versatile Product Portfolio: Catering to a broad range of customer needs enhances adaptability and market penetration.
- Rigorous Quality Assurance: Consistent product quality fosters customer trust and long-term business relationships.
- Geographical Revenue Diversity: A presence in multiple markets helps mitigate risks associated with regional economic fluctuations.
- Experienced Leadership & Sales Team: Strong leadership and a knowledgeable sales force drive strategic growth and customer satisfaction.
Risk factors
- Limited Operating History: A short track record may raise concerns for investors and financing institutions.
- Revenue Concentration in Specific Geographies: Heavy reliance on a few regions increases exposure to economic or regulatory risks.
- Seasonal Nature of the Agriculture Sector: Demand fluctuations could affect revenue consistency and operational planning.
- Lack of Long-Term Supplier Agreements: Dependence on short-term supply arrangements may lead to cost volatility and supply chain disruptions.
Promoters
Mr. Vasu Naren
Ms. Shweta Baisla
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit No. 701, 7th floor, KLJ Tower, Plot No. B-5, Netaji Subhash Place, Maurya Enclave, North West Delhi, Delhi – 110034
+91-8448984368
[email protected]Company website ↗Understanding SONAMAC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.