Sona Machinery IPO GMP, Details, Date, Price 2024

Sona Machinery IPO description – Sona Machinery Limited is coming up with its Initial public offering. The IPO will be open for subscription on March 5, 2024

Sona Machinery IPO – Details

 

IPO Dates 5 – 7 March 2024
Issue Price INR 136 – 143 per share
Fresh issue 3,624,000 shares (INR 49.29 – 51.82 crore)
Offer For Sale Nil
Total IPO size 3,624,000 shares (INR 49.29 – 51.82 crore)
Minimum bid (lot size) 1,000 shares (INR 143,000)
Face Value  INR 10 per share
Retail Shares Offered 35%
NII (HNI) Shares Offered 15%
QIB Shares Offered 50%
Listing On NSE SME

 

 

Sona Machinery IPO – Date Schedule

 

IPO Open Date 05 March 2024
IPO Close Date 07 March 2024
Finalization of Basis of Allotment 11 March 2024
Refunds Initiation 12 March 2024
Transfer of shares to demat accounts 12 March 2024
Listing Date of IPO 13 March 2024

 

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Sona Machinery IPO Financial

 

FY 2022 FY 2023 8M FY 2024
Revenue 44.52 80.97 62.75
Expenses 39.95 70.59 54.16
Net income 3.26 7.68 6.48

Figures in INR Crores

 

Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 0.28 3.23 7.61
PE ratio 17.87 – 18.79
RONW (%) 74.14 89.70 67.86
NAV 0.37 3.60 11.21
ROCE (%) 81.47 77.56 80.20
EBITDA (%) 6.69 12.04 14.77
Debt/Equity 0.65 0.22

 

Competitive Strengths

  • Diversified product range appealing to a wide range of customers;
  • Quality Assurance ensuring standardized quality of our products;
  • Diversified revenue from multiple geographies;
  • Experienced Promoter with senior management, backed by sales team having industry knowledge.

 

Object 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 Purpose.

 

Sona Machinery IPO GMP Today

 

Date Day-wise IPO GMP Kostak Subject to Sauda
29 February 2024 25 20,000

 

Sona Machinery IPO – Allotment Status

 

Sona Machinery IPO allotment status will be available on Maashitla Securities website. Click on this link to get allotment status.

 

Sona Machinery IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 1000 ₹1,43,000
Retail (Max) 1 1000 ₹1,43,000
HNI (Min) 2 2000 ₹2,86,000

 

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