Sona Machinery Ltd IPO

Sona Machinery Ltd IPO

Engineering

sme

Bidding period

05 Mar 2024 - 07 Mar 2024

Bid price

₹136.00 - ₹143.00

Listing on

NSE-SME

Listing date

13 Mar 2024

Lot size

1000 shares

Issue size

₹51.82 crore


Minimum investment

₹1,43,000.00 / 2 lot

Maximum investment

₹1,43,000.00 / 2 lot

Bidding closed on 07 Mar 2024

Open Demat Account
Open Demat Account

Sona Machinery Ltd IPO dates

IPO opening date

05 Mar 2024

IPO end date

07 Mar 2024

Allotment date

11 Mar 2024

Initiation of refunds

12 Mar 2024

Credit of shares to demat

12 Mar 2024

IPO listing date

13 Mar 2024

Sona Machinery Ltd IPO financials

Particulars

For the period ending in March 2025 (in ₹ million)

Total assets ₹95.39
Total liabilities ₹95.39
Total expenditure ₹90.68
Total revenue ₹95.97
Profit after tax ₹3.85
EBITDA ₹7.25
Adjusted EBITDA ₹0.00

Sona Machinery Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 93.0 68.44
Public group 7.0 31.56

Sona Machinery Ltd strengths and risks

Information currently unavailable

  • Diversified product range appealing to a wide range of customers.

  • Quality Assurance ensuring standardized quality of its products.

  • Diversified revenue from multiple geographies.

  • Experienced Promoter with senior management, backed by sales team having industry knowledge.

  • The company has very short span of operating history as company.

  • The company generate its major portion of revenue from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

  • The agriculture sector is seasonal in nature. The company experience the effects of seasonality, which may result in its operating results fluctuating significantly and also, reduce its sales.

  • The company does not have long-term agreements with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.

  • If there are delays in setting up the Proposed Facilities or if the costs of setting up and the possible time or cost overruns related to the Proposed Facilities or the purchase of plant and machinery for the Proposed Facilities are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects.

  • Its business is dependent on the company manufacturing unit, and the loss or shutdown of operations of its manufacturing unit may have a material adverse effect on its business, results of operations, cash flows and financial condition.

  • The company requires certain approvals, licenses, registrations and permits to operate its business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate its business may adversely affect its operations and financial conditions.

  • The company does not own the registered office, manufacturing unit and warehouse from which the company carry out its business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.

  • The company has not registered the trademarks which its using for the company's business in the name of the company.

  • A significant portion of its revenue is generated from its sales of milling & grading equipments and material handling equipments. The loss of customers who purchase these equipments, or a significant reduction in the production and sales of, or demand for said equipments may adversely affect its business, financial condition, results of operations and prospects.

How to check the allotment status of the Sona Machinery Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Sona Machinery Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Sona Machinery Ltd IPO registrar

Maashitla Securities Pvt Ltd

Phone number +91-11-45121795
E-mail ID investor.ipo@maashitla.com
Website www.maashitla.com

Sona Machinery Ltd IPO reservation

QIB shares offered

17,20,000 (47.46%)

NII (HNI) shares offered

5,17,000 (14.27%)

Retail shares offered

12,05,000 (33.25%)

Anchor investor shares offered

0 (0.0%)

Total shares offered

36,24,000

Total shares with anchor investor

36,24,000

Sona Machinery Ltd IPO lead manager

  • Hem Securities Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Sona Machinery Ltd IPO?

The listing date for the Sona Machinery Ltd IPO is 13 Mar 2024.

What is the issue size of Sona Machinery Ltd IPO?

The issue size of the Sona Machinery Ltd IPO is ₹51.82 cr.

What is the minimum lot size needed for Sona Machinery Ltd IPO?

The minimum lot size for Sona Machinery Ltd IPO is 1000

When does the Sona Machinery Ltd open and close?

Sona Machinery Ltd IPO is open from 05 Mar 2024 to 07 Mar 2024.

How can I apply for the Sona Machinery Ltd IPO?

To apply for the Sona Machinery Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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