Sona Machinery Limited

Company Profile
Company Name Sona Machinery Limited
Open Date 05-03-2024
Close Date 07-03-2024
Exchange NSE SME
Lot Size 1000 Shares
Issue Price ₹136 to ₹143 per share
Issue Size 36,24,000 shares
Application Amount ₹1,43,000
Recommendation Apply
Sona Machinery Limited was originally incorporated in the year 2021 and has its registered office in Delhi, India. Sona Machinery is a diversified agro-processing equipment manufacturer, manufacturing equipments for the processing of rice, pulses, wheat, spices, Barnyard Millet etc. Company’s product portfolio includes Grains PreCleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, Paddy DeHusker, 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. As of September 30th, 2023, the Company had 390 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Nov-23
Total Assets 732.20 1,516.58 2,858.20 4,211.30
Net Assets 37.51 363.98 1,132.34 1,780.16
Total Borrowings - 236.61 252.59 112.94
Total Revenue 606.33 4,453.07 8,118.06 6,288.11
Profit After Tax 27.81 326.47 768.36 647.82

Tentative Timeline

Opening Date 05-03-2024
Closing Date 07-03-2024
Basis of Allotment 11-03-2024
Initiation of Refunds 12-03-2024
Credit of Shares to Demat 12-03-2024
Listing Date 13-03-2024

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.

Contact Information

Registered Office 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

Registrar Details

Name Maashitla Securities Private Limited
Phone +91-11-45121795-96

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.59%

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