Sona Machinery Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | March 5, 2024 to March 7, 2024 |
| Listing Date | March 13, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 136 to ₹ 143 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 36,24,000 shares (aggregating up to ₹ 51.82 Cr) |
| Fresh Issue | 36,24,000 shares (aggregating up to ₹ 51.82 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,01,00,000 |
| Share holding post issue | 1,37,24,000 |
| Market Maker portion | 1,82,000 shares Hem Finlease |
About Sona Machinery Limited IPO
Sona Machinery Ltd. is an ISO 9001:2015 Certified Original Equipment Manufacturer having a sprawling 10000 sq. mts. facility with over 350+ skilled professionals delivering customized solutions to more than 10000+ satisfied customers in India & Globally. Its product list includes a complete range of cutting-edge technology equipment for Complete Rice Mill Project Set-ups as well as manufacturing equipment for cleaning, processing various Grains like Pulses, Wheat, Sesame, Millet, Corn, Seeds, etc. in desired capacities. Sona Machinery is among the “Top 10 Industrial Service Providers” of 2022 as per Industry Outlook and is Awarded as “Prestigious Brands Asia 2023” in Agri-Machinery Manufacturing category by Barc Asia & Global Business Symposium. Sona Machinery IPO is a book-built issue of Rs 51.82 crores.
The issue is entirely a fresh issue of 36.24 lakh shares. Sona Machinery IPO price band is set at ₹136 to ₹143 per share. The minimum lot size for an application is 1000 Shares. Hem Securities Limited is the book running lead manager of the Sona Machinery IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Sona Machinery IPO is Hem Finlease.
Objectives of Sona Machinery IPO
The company intends to utilize the net proceeds from the issue towards the funding of the following objectives:
- 1. Funding the Capital Expenditure requirements of the company towards setting up a new manufacturing unit at Ghaziabad.
- 2. Repayment of the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery.
- 3. General Corporate Purpose.
Sona Machinery IPO Review
The company is in agro processing equipment manufacturing, marketing and related service provider. It marked steady growth in its top and bottom lines for the reported periods. However, based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term rewards.
Sona Machinery Limited IPO Financial Information
Latest Revenue
6,288.11
₹ Crore
Profit After Tax
647.82
₹ Crore
Net Worth
1,780.16
₹ Crore
Total Borrowing
112.94
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Nov 2023 | 4,211.30 | 6,288.11 | 647.82 | 1,780.16 | 112.94 | ||||
| 31 Mar 2023 | 2,858.19 | 8,118.06 | 768.36 | 1,132.34 | 252.60 | ||||
| 31 Mar 2022 | 1,516.58 | 4,453.07 | 326.47 | 363.98 | 236.61 | ||||
| 31 Mar 2021 | 732.21 | 606.33 | 27.81 | 37.51 | — | ||||
| Amount in ₹ Crore | |||||||||
Sona Machinery Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 44.49% |
| ROCE | 46.61% |
| Debt/Equity | 0.06 |
| RoNW | 36.39% |
| P/BV | 8.11 |
| PAT Margin (%) | 10.32 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.61 | 7.08 |
| P/E (x) | 18.8 | 20.2 |
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Competitive Strengths
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Sona Machinery Limited IPO Timeline
| IPO Open Date | Tuesday, March 5, 2024 |
| IPO Close Date | Thursday, March 7, 2024 |
| Basis of Allotment | Monday, March 11, 2024 |
| Initiation of Refunds | Tuesday, March 12, 2024 |
| Credit of Shares to Demat | Tuesday, March 12, 2024 |
| Listing Date | Wednesday, March 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 7, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹143,000 |
| Retail (Max) | 1 | 1000 | ₹143,000 |
| HNI (Min) | 2 | 2,000 | ₹286,000 |