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Sona Machinery Limited IPO

Sona Machinery Limited IPO

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Listed Price: ₹ 125.00 (-12.59%)

Sona Machinery Limited's has transitioned to a publicly listed entity following its IPO debut on 13-03-2024 at the NSE exchange. The public offering successfully raised 36,24,000 Shares, consisting of 36,24,000 Sharesin new capital.

The IPO featured a competitive price range of ₹136 to ₹143 and minimum application size of 1000 shares. Market reception was evidenced through subscription activity between 05-03-2024 and 07-03-2024, reflecting investor appetite for the offering.

Allotment of shares was completed on 11-03-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Sona Machinery IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Sona Machinery IPO Key Performance Indicator
Company Financials ( in Lakhs )

Sona Machinery IPO About Company

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.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

Sona Machinery IPO Strength Factors

  1. Versatile Product Portfolio: Catering to a broad range of customer needs enhances adaptability and market penetration.
  2. Rigorous Quality Assurance: Consistent product quality fosters customer trust and long-term business relationships.
  3. Geographical Revenue Diversity: A presence in multiple markets helps mitigate risks associated with regional economic fluctuations.
  4. Experienced Leadership & Sales Team: Strong leadership and a knowledgeable sales force drive strategic growth and customer satisfaction.

Sona Machinery IPO Risk Factors

  1. Limited Operating History: A short track record may raise concerns for investors and financing institutions.
  2. Revenue Concentration in Specific Geographies: Heavy reliance on a few regions increases exposure to economic or regulatory risks.
  3. Seasonal Nature of the Agriculture Sector: Demand fluctuations could affect revenue consistency and operational planning.
  4. Lack of Long-Term Supplier Agreements: Dependence on short-term supply arrangements may lead to cost volatility and supply chain disruptions.

Sona Machinery IPO Lead Manager(s)

  • Hem Securities Limited

Sona Machinery IPO Promoter(s)

  1. Mr. Vasu Naren
  2. Ms. Shweta Baisla

Sona Machinery IPO Company Details

Sona Machinery Limited
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Sona Machinery IPO Registrar

Maashitla Securities Private Limited
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Sona Machinery IPO FAQs