Sona Machinery Limited IPO
₹136 - ₹143
1000
273.5
| Open Date: | 05-Mar-2024 |
| Close Date: | 07-Mar-2024 |
| Allotment Date: | 11-Mar-2024 |
| Listing Date: | 13-Mar-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹136-143 Per Equity Share |
| Issue Size: | Total Issue Size 3,624,000 shares (aggregating up to ₹51.82 Cr) : Fresh Issue 3,624,000 shares (aggregating up to ₹51.82 Cr) |
| Market Lot (Min Amount): | Retail - ₹143,000 : HNI - ₹286,000 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 688,000 | 517,000 | 1,205,000 | 2,410,000 |
| Day 1 - 05-03-24 05:00 PM | 6.71x | 8.65x | 19.62x | 13.58x |
| Day 2 - 06-03-24 05:00 PM | 6.78x | 34.49x | 63.59x | 41.13x |
| Day 3 - 07-03-24 05:00 PM | 129.72x | 554.42x | 235.06x | 273.50x |
| Total No. of Application: | 283,245 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 235.06x | |||
| Earning Per Share(EPS) | ₹7.61/- |
| P/E Ratio | 18.8 |
| RoNW | 36.39% |
| Net Asset Value (NAV) - Post Issue: | ₹11.28/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Nov,2023 | 4,211.30 | 6,288.11 | 647.82 |
| 31 Mar,2023 | 2,858.19 | 8,118.06 | 768.36 |
| 31 Mar,2022 | 1,516.58 | 4,453.07 | 326.47 |
| 31 Mar,2021 | 732.21 | 606.33 | 27.81 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.59% |
| 1. Mr. Vasu Naren |
| 2. Ms. Shweta Baisla |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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
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.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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