IPO Details
Bidding Dates
05 Mar 24 - 07 Mar 24
Price Range ₹
136 - 143
Total Equity
₹ 51.82Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
05 Mar 2024
Offer end
07 Mar 2024
Allotment
11 Mar 2024
Refund initiation
12 Mar 2024
Demat transfer
12 Mar 2024
Listing
13 Mar 2024
Offer start
05 Mar 2024
Offer end
07 Mar 2024
Allotment
11 Mar 2024
Refund initiation
12 Mar 2024
Demat transfer
12 Mar 2024
Listing
13 Mar 2024
About Company
Established in 2019, Sona Machinery Limited specializes in the production of agricultural machinery catering to the processing needs of various grains including rice, pulses, wheat, spices, and Barnyard Millet. The company's product range encompasses a variety of machines such as 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, and Bucket Elevator, among others. With a focus on international markets, Sona Machinery exports its high-quality products to countries including Nigeria, Bangladesh, Kenya, and Nepal. The company's commitment to quality is underscored by its accreditation with ISO 9001:2015 certification for Quality Management Systems by Das System & Services Pvt Ltd, reflecting its dedication to delivering reliable and efficient agricultural machinery solutions.
Year Founded
12-02-2019
Promotor Details
Vasu Naren
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.59 |
| Share Capital | 10099996 | 10099996 |
Offer to Public
36,24,000.00 Cr
Project Details
- Repayment of the outstanding amount of the Letter of Credit availed by our company for purchase - 20.08cr
- Funding the Capital Expenditure requirements of our company towards setting up of a new - 289.13cr
Objectives
- Funding the Capital Expenditure requirements of our company towards setting up of a new manufacturing unit at Ghaziabad.Repayment of the outstanding amount of the Letter of Credit availed by our company for purchase of machinery.General Corporate Purpose.
Highlights
- Sona Machinery Limited offers a wide range of agricultural machinery, catering to various processing needs of rice, pulses, wheat, spices, and Barnyard Millet, providing versatility and flexibility to customers.
- The company exports its products to multiple countries such as Nigeria, Bangladesh, Kenya, and Nepal, expanding its market reach and revenue potential beyond domestic borders.
- Quality Management Systems ensures adherence to international quality standards, enhancing product reliability and customer trust.
- Sona Machinery provides comprehensive services including engineering, installation, supervision, and machine commissioning, offering end-to-end solutions for the milling sector, which adds value and convenience for customers.
- The company's manufacturing facility in Ghaziabad, Uttar Pradesh, equipped with a warehouse for storing material and finished goods, provides operational efficiency and timely delivery of products.
Challenges
- Founded in 2019, Sona Machinery Limited may face challenges associated with establishing brand reputation, market recognition, and customer trust compared to more established competitors.
- Although the company exports its products to multiple countries, its presence is limited to a few international markets, which may expose it to risks associated with regional economic fluctuations and geopolitical tensions.
- The company's operations rely on skilled workers for manufacturing, installation, and commissioning of machinery. Any shortage of skilled labor or training issues could impact production efficiency and service quality.
- Dependency on suppliers for raw materials and components may expose the company to supply chain disruptions, affecting production schedules and customer deliveries.
- The agricultural machinery industry is highly competitive, with several established players offering similar products and services. Intense competition may lead to pricing pressures, reduced margins, and challenges in market penetration.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 729.75 | 10.00 | 1,046.76 | 1,046.76 | 7.6272 |
| 2022 | 1,515.31 | 10.00 | 330.02 | 330.02 | 3.2675 |
| 2023 | 2,827.24 | 10.00 | 28.22 | 28.22 | 0.2794 |
| 2024 | 8,555.46 | 1,372.40 | 28.22 | 28.22 | 0.2794 |
