Sona Machinery IPO Date, Review, Price, Allotment Details

Sona Machinery IPO Details: Sona Machinery IPO date is fixed, The IPO will open on March 5 and will close on March 7. Sona Machinery is a NSE SME IPO to raise ₹51.82 crores via IPO. The Sona Machinery IPO price band is fixed at ₹136 to ₹143 with a market lot of 1000 shares.

Sona Machinery IPO

Sona Machinery is a diversified agro-processing equipment manufacturer, manufacturing equipment for the processing of rice, pulses, wheat, spices, Barnyard Millet, etc. Their product portfolio includes 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. along with the complete projects for rice mills and ethanol distilleries. Their services encompass engineering, erection, supervision, and machine commissioning, delivering a comprehensive end-to-end solution for the milling section which includes grain unloading and milling solution up to pre-masher for ethanol distilleries and paddy unloading to rice packaging for rice mill industries.


The company started its operations in January 2021 when it purchased the fixed assets and stock for a consideration of Rs. 465.17 lakhs from “M/s Sona Foods India”, which is a proprietorship concern of Narendra Kumar, father of their promoter, Vasu Naren. M/s Sona Foods India is a manufacturing concern that has been manufacturing agro-processing equipment since the year 2003. Vasu Naren joined the family business i.e. M/s Sona Foods India in the year 2015 and now he is looking after the overall business operations of the company.

The company’s product portfolio comprises various equipment including support services for all the equipment manufactured and supplied by the company. As of the date of this Draft Red Herring Prospectus, they are manufacturing and supplying agro-processing equipment under various categories like cleaning, grading, blending, material handling, etc. Currently, they have a manufacturing unit situated at Ghaziabad, Uttar-Pradesh with a total area of approx. 52,205 sq. ft. and a warehouse for storage of our material and finished goods. Their manufacturing facility is equipped with the requisite infrastructure including machinery and other handling equipment to facilitate a smooth manufacturing process


Objects of the Issue:

  • 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 Purposes.

Sona Machinery IPO Review

  • May Apply

Sona Machinery IPO Date & Price Band Details

IPO Open:March 5, 2024
IPO Close:March 7, 2024
IPO Size:Approx ₹51.82 Crores, 3,624,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹136 to ₹143 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors in IPO:Click Here

Sona Machinery IPO Market Lot

The Sona Machinery IPO minimum market lot is 1000 shares with a ₹143,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11000₹143,000
Retail Maximum11000₹143,000
S-HNI Minimum22000₹286,000

Sona Machinery IPO Dates

The Sona Machinery IPO date is March 5 and the IPO close date is March 7. The IPO allotment date is March 11 and the IPO might list on March 13.

IPO Open Date:March 5, 2024
IPO Close Date:March 7, 2024
Basis of Allotment:March 11, 2024
Refunds:March 12, 2024
Credit to Demat Account:March 12, 2024
IPO Listing Date:March 13, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Sona Machinery IPO Form

How to apply Sona Machinery IPO? You can apply Sona Machinery IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sona Machinery IPO in the Invest section. The other option you can apply Sona Machinery IPO via IPO forms download via the NSE website. Check out the Sona Machinery forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


Sona Machinery Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹6.06₹5.75₹0.28
2022₹44.53₹39.91₹3.30
2023₹81.18₹70.56₹7.71
2023 5M₹27.14₹24.56₹1.88

Sona Machinery IPO Valuation – FY2023

Check Sona Machinery IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹7.63 per Equity Share
Price/Earning P/E Ratio:NA
Return on Net Worth (RoNW):67.69%
Net Asset Value (NAV):₹11.28 per Equity Share

Peer Group

  • NA

Company Promoters

  • Mr. Vasu Naren
  • Ms. Shweta Baisla

Sona Machinery IPO Registrar

Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues

Sona Machinery IPO Allotment Status

Check Sona Machinery IPO allotment status on Maashitla Securities website URL. Click Here

Sona Machinery IPO Lead Managers aka Merchant Bankers

  • Hem Securities Limited

Company Address

Sona Machinery Limited
Unit No. 701, 7th floor,
KLJ Tower, Plot No. B-5, Netaji Subhash Place,
Maurya Enclave, North West Delhi, Delhi – 110034
Phone: +91-8448984368
Email: [email protected]
Website: http://www.sonamachinery.com/

Sona Machinery IPO FAQs


What is Sona Machinery IPO?

Sona Machinery IPO is an NSE SME IPO. They are going to raise ₹51.82 Crores via IPO. The issue is priced at ₹136 to ₹143 per equity share. The IPO is to be listed on NSE.

When Sona Machinery IPO will open?

The IPO is to open on March 5, 2024 for QIB, NII, and Retail Investors.

What is Sona Machinery IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Sona Machinery IPO?

You can apply Sona Machinery IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Sona Machinery IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sona Machinery”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Sona Machinery IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sona Machinery”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Sona Machinery IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Sona Machinery”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Sona Machinery IPO Size?

Sona Machinery IPO size is ₹51.82 crores.

What is Sona Machinery IPO Price Band?

Sona Machinery IPO Price Band is ₹136 to ₹143 per equity share.

What is Sona Machinery IPO Minimum and Maximum Lot Size?

The IPO bid is 1000 shares with ₹143,000.

What is Sona Machinery IPO Allotment Date?

Sona Machinery IPO allotment date is March 11, 2024.

What is Sona Machinery IPO Listing Date?

Sona Machinery IPO listing date is March 13, 2024. The IPO to list on NSE SME.

Note: The Sona Machinery IPO details are announced officially. The IPO grey market premium (Sona Machinery IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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