Issue Price
₹143
Per Share
GMP
NIL
Grey Market
Est. Listing
₹143
Expected Price
Min. Application
₹286,000
2 lots × 1000 shares
Founded in 2019, Sona Machinery Limited produces agricultural machinery for processing rice, pulses, wheat, spices, and Barnyard Millet.The company manufactures 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.The company exports its products to Nigeria, Bangladesh, Kenya and Nepal.The company has been accredited with ISO 9001:2015 for Quality Management Systems by Das System & Services Pvt Ltd.Sona Machinery's service offering includes engineering, installation, supervision and machine commissioning, providing a complete solution for the milling sector, ranging from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry.The company's manufacturing facility is located in Ghaziabad, Uttar Pradesh, with a total area of approximately 52,205 sq. ft. and a warehouse for storing material and finished goods.As of September 30, 2023, the company employed over 390 employees, including semi-skilled workers at various levels of the organization.
Sona Machinery Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 182,000 | — | ₹2.60 Cr | — |
| TOTAL | 3,624,000 | 100.00% | ₹51.82 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹143,000 |
| Retail (Max) | 13 | 13,000 | ₹1,859,000 |
| sNII (Min) | 14 | 14,000 | ₹2,002,000 |
| bNII (Min) | 68 | 68,000 | ₹9,724,000 |
| Particulars | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 6288.11 | 8118.06 | 4453.07 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 647.82 | 768.36 | 326.47 |
| Net Worth | 1780.16 | 1132.34 | 363.98 |
| Total Assets | 4211.30 | 2858.19 | 1516.58 |
| Reserves & Surplus | 770.16 | 1122.34 | 353.98 |
| Total Borrowings | 112.94 | 252.60 | 236.61 |