Sona Machinery, a company that produces a range of processing equipment began its operations in January 2021 after acquiring assets and inventory, from “M/s Sona Foods India ” a business previously owned by Narendra Kumar, who’s the father of Vasu Naren, the current promoter of the company. Vasu Naren became involved in the family business in 2015. Now manages its day-to-day activities.
Sona Machinery offers a range of machinery, for processing grains like rice, pulses, wheat, spices, and Barnyard Millet. Their product line includes equipment such as Grains Pre Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, Paddy De Husker, Husk Aspirators, Rice Thick/Thin Graders, Rice Whiteners, Silky Polishers, Multi Graders, Length Graders, Belt Conveyer, Bucket Elevator. They also undertake projects for rice mills and ethanol distilleries. Their services cover engineering design, installation supervision, and machine setup to provide solutions, for milling operations and paddy processing.
Sona Machinery is located in Ghaziabad, Uttar Pradesh, where they run a manufacturing facility covering around 52,205 feet. They have all the required infrastructure and machinery, on site. Furthermore, they have a warehouse, for storing both materials and finished products.
Sona Machinery IPO Complete Details:
Sona Machinery IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP Of Sona Machinery is Around 71 Rs.
Objects Of Issue:
1. Funding the Capital Expenditure requirements involves setting up a new manufacturing unit at Ghaziabad for the company.
2. Repayment of the outstanding amount of the Letter of Credit is necessary, which was availed by the company for the purchase of machinery.
3. General Corporate Purposes
Promoters:
- Mr. Vasu Naren
- Ms. Shweta Baisla
FAQs:
When Sona Machinery IPO is Opening?
Sona Machinery IPO is Opening on 05 March 2024.
When is the Sona Machinery IPO Closing?
Sona Machinery IPO is Closing on 07 March 2024.
What is the Issue Size of the Sona Machinery IPO?
The IPO Issue Size of Sona Machinery is 51.82 Crore.
Price Band of Sona Machinery IPO?
The price Band of Sona Machinery IPO is 136 to 143 rupees per share.
What is the minimum investment for a Sona Machinery IPO?
The minimum investment for the Sona Machinery IPO is 143,000 Rupees.
Allotment Date of Sona Machinery IPO?
The Allotment of Sona Machinery IPO is on 11 March 2024.
Listing Date of Sona Machinery IPO?
The Listing Of Sona Machinery is Scheduled on 13 March 2024.
One Should Apply for Sona Machinery IPO or Not?
Will Update Soon..
How to apply for Sona Machinery IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Sona Machinery IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Sona Machinery IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Sona Machinery IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Sona Machinery IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Sona Machinery IPO from the list ——–> Click on Sona Machinery IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is the Lead Manager of Sona Machinery?
Hem Securities Limited is the Lead Manager of Sona Machinery.
Where To Check the Allotment of Sona Machinery IPO?
The allotment status for the Sona Machinery IPO will be accessible on the Maashitla Securities Private Limited website.
Sona Machinery IPO is going to be listed at?
Sona Machinery IPO is going to be listed at NSE SME.
What is the Lot Size of the Sona Machinery IPO?
The lot size of the Sona Machinery IPO is 1000 Shares.
What is the P/E Ratio of the Sona Machinery?
The P/E Ratio of the Sona Machinery is 18.8.
What is the EPS of the Sona Machinery?
The EPS of the Sona Machinery is 7.61.
What is the ROE of the Sona Machinery?
The ROE of Sona Machinery is 44.49%.
What is the ROCE of the Sona Machinery?
The ROCE of the Sona Machinery is 46.61%.
