✓
Open
5 Mar 2024
✓
Close
7 Mar 2024
3
Allotment
—
✓
Listing
Wed, Mar 13, 2024
Price Band
₹136 to ₹143
Issue Size
36,24,000 shares (agg. up to ₹52 Cr)
Lot Size
1,000 Shares
Listing Date
Wed, Mar 13, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 190.97x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 42.11 | 28.58 | 15.17 | 7.32 |
| Total Income | 62.88 | 81.18 | 44.53 | 6.06 |
| Profit After Tax | 6.48 | 7.68 | 3.26 | 0.28 |
| NET Worth | 17.80 | 11.32 | 3.64 | 0.38 |
| Reserves and Surplus | 7.70 | 11.22 | 3.54 | 0.28 |
| Total Borrowing | 1.13 | 2.53 | 2.37 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shri Balaji Valve Components Ltd. | SME | ₹21.60 Cr | ₹100 | 9.33 | ₹199.50 | +99.50% | ₹105.00 (+4.63%) |
| Presstonic Engineering Ltd. | SME | ₹23.30 Cr | ₹72 | 6.28 | ₹147.00 | +104.17% | ₹26.35 (+1.35%) |
| Arrowhead Seperation Engineering Ltd. | SME | ₹13.00 Cr | ₹233 | 18.09 | ₹237.50 | +1.93% | ₹70.00 (+0.00%) |
| Kalyani Cast Tech Ltd. | SME | ₹30.11 Cr | ₹139 | 8.67 | ₹277.30 | +99.50% | ₹820.00 (+2.16%) |
| Vinyas Innovative Technologies Ltd. | SME | ₹54.66 Cr | ₹165 | 8.4 | ₹346.50 | +110.00% | ₹1,326.15 (-1.62%) |
| Sunita Tools Ltd. | SME | ₹22.04 Cr | ₹145 | 16.88 | ₹147.25 | +1.55% | ₹867.45 (-2.00%) |
| Global Pet Industries Ltd. | SME | ₹13.23 Cr | ₹49 | 23 | ₹52.80 | +7.76% | ₹151.15 (+4.93%) |
| Jyoti CNC Automation Ltd. | Mainboard | ₹1,000.00 Cr | ₹331 | 433.43 | ₹434.20 | +31.18% | ₹781.50 (-2.66%) |
| Cyient DLM Ltd. | Mainboard | ₹592.00 Cr | ₹265 | 66.25 | ₹420.60 | +58.72% | ₹578.65 (-1.51%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Capital Expenditure requirements of our company towards setting up of a new manufacturing unit at Ghaziabad | 28.91 |
| 2 | Repayment of the outstanding amount of the Letter of Credit availed by our company for purchase of machinery | 2.01 |
| 3 | General Corporate Purpose | 12.63 |
About Sona Machinery IPO
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 a
Contact Details
Sona Machinery Ltd. AddressUnit No.701, 7th floorKLJ Tower, Plot No.B-5, Netaji Subhash PlaceMaurya EnclaveDelhi, New Delhi, 110034+91-8448984368cs@sonamachinery.comVisit Website