March 12, 2024
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Sona Machinery IPO Guidance & Subscription Status, Listing Estimate at Chanakyanipothi.com,
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Sona Machinery IPO Post Listing Review :
On 13th March, the scrip is listed at Rs. 125, discount of 12.59% over the issue-price of Rs. 143. The IPO commanded premium, and this listing has given shock to the grey market traders.
What was the last GMP of Sona Machinery
IPO?*
Premium: Rs. 30
Subject to Rs.22800
Subscription status of Sona Machinery IPO
On 7 March 2024 9.00 am (Day 3)
Review: Good Response until now
QIB: 1721000 Shares 6.78 T
NII: 516300 Shares 34.49 T
RII: 1204700 Shares 63.59 T
Total: 3442000 Shares 41.13 T
What is the business of Sona Machinery?
Sona Machinery is a diversified agro-processing equipment manufacturer, manufacturing equipments for the processing of rice, pulses, wheat, spices, Barnyard Millet etc. Its 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.
Its 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 upto pre-masher for ethanol distilleries and paddy unloading to rice packaging for rice mill industries.
Get more information about the company @ http://www.sonamachinery.com/http://www.sonamachinery.com/
| Sona Machinery IPO Details | |
| IPO opens on | 5 March 2024 |
| IPO closes on | 7 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3624000 Sh /Rs 51.82 Cr |
| * Fresh Issue | 3642000 Sh /Rs 51.82 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 182000 Sh. |
| Net offer to Public | 3442000 Sh./Rs.49.22Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 136-143 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
| Shares offered in Sona Machinery IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 1721000 | 24.61 |
| NII (15%) | 516300 | 7.38 |
| RII (35%) | 1204700 | 17.23 |
| Total Shares | 3442000 | 49.22 |
| Retail portion will be oversubscribed by | 1205 | |
| Forms | ||
| How much Shares to Apply in Sona Machinery IPO? | ||
| Min Retail Application | 1000 Sh | Rs. 143000 |
| Min HNI Application | 2000 Sh | Rs.286000 |
Who are the Promoters of Sona Machinery IPO?
Mr. Vasu Naren and Ms. Shweta Baisla are the promoters of the company.
What are the Objects of Sona Machinery IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
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
| Sona Machinery IPO Tentative timetable | |
| IPO opens on | 5 March 2024 |
| IPO Closes on | 7 March 2024 |
| IPO Allotment on | 11 March 2024 |
| Refund Initiation | 12 March 2024 |
| Credit of Shares | 12 March 2024 |
| Listing on | 13 March 2024 |
| Registered Office of the Company Sona Machinery Limited Unit No. 701, 7th floor, KLJ Tower, Plot No. B-5, Netaji Subhash Place, Maurya Enclave, North West Delhi, Delhi – 110034 |
| Who is the Lead Manager of Sona Machinery IPO? Hem Securities Limited |
| Who is the Registrar to IPO? Maashitla Securities Private Limited |
| Sona Machinery IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 6.06 | 0.28 | 0.28 | 74.42 |
| 2021-22 | 44.53 | 3.30 | 3.27 | 89.69 |
| 2022-23 | 81.18 | 7.71 | 7.63 | 67.79 |
| Book Value of the Share on | 31.03.2023 | Rs 11.28 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 143 | |||
| Sona Machinery IPO Key Performance indicators | |
| Price/last EPS of 22-23 | 18.74 |
| Price/BV Ratio | 12.67 |
| Upper price/BV after IPO | |
How Sona Machinery IPO compares with the Peers?
There are no listed companies in India that are engaged in the business line similar to that of the company, thus it is not possible to provide an industry comparison in relation to this company.
| As per RHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Sona Machinery IPO Guidance
Sona Machinery is a diversified agro-processing equipment manufacturer, manufacturing equipments for the processing of rice, pulses, wheat, spices, Barnyard Millet etc. Its 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.
Size: The net size of the IPO is Rs. 49.22 Cr comprising of 3442000 shares. Considering the recent IPO trends and hunger of the investors, the IPO is not very large, and it can get oversubscribed without any problem. With just 1205 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 7.38 Cr, so huge oversubscription possible.
Financial Snapshot: In the last 3 years, the company has shown sharp rise in the topline and bottomline. Net profit has increased to Rs. 7.71Cr from just Rs. 28 lacs So such extraordinary rise in the net profit raises eyebrows. Because of this aspect, we donot find the IPO quite attractive. However, the name of the leadmanager: Hem Securities will attract the investors to this IPO and huge oversubscription now ruled out. and also, premium market may also show fancy.
Quicklinks
Sona Machinery IPO GMP Guidance subscription status
Sona Machinery IPO GMP
Sona Machinery IPO FAQs
What is Sona Machinery IPO?
Pune E-Stock Broking IPO is a SME IPO of 3915200 equity shares of the face value of Rs. 10 aggregating up to Rs.32.50 Crores. The issue is priced at Rs.78-83 per share. The minimum order quantity is 1600 Shares.
When will Sona Machinery IPO open?
Pune E-Stock Broking IPO opens on March 07, 2024, and closes on March 12, 2024.
What is the lot size of Sona Machinery IPO?
Pune E-Stock Broking IPO lot size is 1600 Shares, and the minimum amount required is Rs.132800.
How to apply for Sona Machinery IPO?
You can apply in Pune E-Stock Broking IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Sona Machinery IPO allotment?
The finalization of Basis of Allotment for Pune E-Stock Broking IPO will be done on March 13, 2024, and the allotted shares will be credited to your demat account by March 14, 2024.
When is Sona Machinery IPO listing date?
Pune E-Stock Broking IPO listing date is not yet announced. The tentative date of Pune E-Stock Broking IPO listing is March 15, 2024.
