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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹51.82 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹51.82 Cr |
| Fresh Issue | ₹49.22 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹136.00-143.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SONAMAC |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Capital Expenditure requirements of our company towards setting up of a new manufacturing unit at Ghaziabad | 28.91 |
| 2 | Repayment of the outstanding amount of the Letter of Credit availed by our company for purchase of machinery | 2.01 |
| 3 | General Corporate Purpose | 12.63 |
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 42.11 | 28.58 | 15.17 | 7.32 |
| Total Income | 62.88 | 81.18 | 44.53 | 6.06 |
| Profit After Tax | 6.48 | 7.68 | 3.26 | 0.28 |
| NET Worth | 17.80 | 11.32 | 3.64 | 0.38 |
| Reserves and Surplus | 7.70 | 11.22 | 3.54 | 0.28 |
| Total Borrowing | 1.13 | 2.53 | 2.37 | |
| Amount in ₹ Crore | ||||
| KPI | Nov 30, 2023 |
|---|---|
| ROE | 44.49% |
| ROCE | 46.61% |
| Debt / Equity | 0.06% |
| RoNW | 36.39% |
| PAT Margin | 10.32% |
| Price to Book Value | 8.11 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.61 | 7.08 |
| P/E (x) | 18.8 | 20.2 |
| Promoter Holding | 100.00% | 73.59% |
| Market Cap | ₹196.25 Cr. | |
