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SME IPO Status: Listed [5th Mar 2024 to 7th Mar 2024]
Sona Machinery IPO, a SME IPO of ₹51.82 Cr was launced on 05-03-2024 to 07-03-2024 and the shares got listed on NSE SME on 13-03-2024.
The public issue of Sona Machinery IPO (SONAMAC) was offered at ₹143.00 per share and the ipo was listed at ₹125. It has delivered listing loss of -12.59%.
As the minimum lot size was 1000 shares, the IPO has offered Rs -18000 per lot loss on listing.
| SME IPO Issue Opening Date: | 5th Mar 2024 |
| SME IPO Issue Closing Date: | 7th Mar 2024 |
| SME IPO Issue Price: | ₹136.00-143.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹51.82 Cr |
| Fresh Issue: | ₹51.82 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.59% |
| Allotment Status: | Allotment Status |
| NSE Code: | SONAMAC |
Get important updates regarding Sona Machinery SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 11th Mar 2024 |
| Refunds Initiation* | 12th Mar 2024 |
| Credit of Shares to Demat* | 12th Mar 2024 |
| SME IPO Listing Date* | 13th Mar 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹136.00-143.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹143000 |
| Min HNI Lots: | 2000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 13-03-2024 | 143.00 | 30 | 22800 | ₹173 (20.98%) | 13-Mar-2024 10:31 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in Fab 2019, Sona Machinery Limited is a diversified manufacturer of agricultural processing machinery that manufactures equipment for processing rice, pulses, wheat, spices, millets, etc. The product portfolio includes grain pre-cleaning machines, rotary drum cleaners, vibrosifters, stone separators, paddy de-huskers, husk suckers, thick/thin rice graders, rice whiteners, silk polishers, multi-graders, length graders, conveyors, bucket elevators, etc., as well as complete projects for rice mills and ethanol distilleries. Services include engineering, installation, monitoring and commissioning of the machines.
The company’s product portfolio includes various equipment, including after-sales services for all equipment manufactured and supplied by the company. At the time of writing this Draft Red Herring Prospectus, the Company manufactures and supplies agricultural processing machinery in various categories such as cleaning, grading, blending, material handling, etc.
The products are distributed in various parts of India and the Company has earned 99.40%, 96.88%, 97.61% and 97.85% of its total revenue from domestic sales for the period ended August 31, 2023 and for the financial years ended 2023, 2022 and 2021 respectively. In addition, the company has also exported a small portion of its products to countries such as Nigeria, Bangladesh, Kenya, Nepal, etc.
| Incorporation | Sector | IPO Issue Size | Website |
| 2019 | Agro-Processing Machinery | ₹51.82 Cr | http://www.sonamachinery.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 688,000 (28.55%) | 517,000 (21.45%) | 1,205,000 (50%) | 2,410,000 | |
| 1 | 5th Mar 2024 19:32 | 6.71x | 8.65x | 19.62x | 13.58x |
| 2 | 6th Mar 2024 19:33 | 6.78x | 34.49x | 63.59x | 41.13x |
| 3 | 7th Mar 2024 18:23 | 129.72x | 554.42x | 235.06x | 273.50x |
Sona Machinery Limited's revenue increased by 82.3% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,211.30 | 2,858.19 | 1,516.58 | 732.21 |
| Revenue | 6,288.11 | 8,118.06 | 4,453.07 | 606.33 |
| Profit After Tax | 647.82 | 768.36 | 326.47 | 27.81 |
| Net Worth | 1,780.16 | 1,132.34 | 363.98 | 37.51 |
| Reserves and Surplus | 770.16 | 1,122.34 | 353.98 | 27.51 |
| Total Borrowing | 112.94 | 252.60 | 236.61 | |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sona Machinery Limited | 11.28 | 74.42 | Standalone |
Last Updated on 17-Mar-2024 07:03:24
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sona Machinery SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sona Machinery SME IPO with Zerodha.
Alternate approch to apply in Sona Machinery SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sona Machinery SME IPO Review and Important Updates
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To subscribe or apply in Sona Machinery SME IPO, you can use the following methods:
| Sona Machinery SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sona Machinery SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sona Machinery SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sona Machinery SME IPO. Most of the Syndicate Banks provide access to apply in Sona Machinery IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sona Machinery SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sona Machinery SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sona Machinery SME IPO Review and Important Updates
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Sona Machinery SME IPO is going to be list on 13-03-2024. NSE Code for Sona Machinery is SONAMAC.
Other relevant questions:
When Sona Machinery SME IPO will be listing? Sona Machinery SME IPO NSE listing date?Sona Machinery SME IPO date of listing
Sona Machinery SME IPO Allotment Date is 11-03-2024.
Other relevant questions:
Sona Machinery SME IPO share allotment date?Sona Machinery SME IPO allotment date?
