Sona Machinery Limited IPO - Review & Fundamental Analysis

Sona Machinery Limited IPO

Sona Machinery Limited’s IPO consists of a fresh issue of 36,24,000 shares aggregating to INR 51.82 crores. The company plans to utilize net proceeds to establish a new manufacturing unit at Ghaziabad and repay existing borrowing.

Sona Machinery Ltd IPO – Important Details

Sona Machinery IPO DateMarch 5, 2024 to March 7, 2024
Sona Machinery IPO Listing DateMarch 13, 2024
Sona Machinery IPO PriceINR 136 to 143 per share
Sona Machinery IPO Lot Size1000 Shares
Sona Machinery IPO Total Issue SizeINR 51.82 crores
Sona Machinery IPO Basis of AllotmentMarch 11, 2024
Sona Machinery IPO Initiation of RefundsMarch 12, 2024
Sona Machinery IPO Credit of Shares to DematMarch 12, 2024
Sona Machinery IPO Issue TypeBook Built Issue IPO
Sona Machinery IPO Listing AtNSE SME

Sona Machinery IPO – Company Profile

The company is a diversified agro-processing equipment manufacturer, manufacturing equipment for processing rice, pulses, wheat, spices, Barnyard Millet, etc. The product portfolio includes Grains Pre-Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, Paddy De-Husker, Husk Aspirators, Rice Thick/Thin Graders, Rice Whitener, Silky Polishers, Multi Graders, Length Grader, Belt Conveyer, Bucket Elevator, etc. along with the complete projects for rice mills and ethanol distilleries. 

The services encompass engineering, erection, supervision, and machine commissioning, delivering a comprehensive end-to-end solution for the milling section, including grain unloading and milling solution up to pre-masher for ethanol distilleries and paddy unloading to rice packaging for rice mill industries. 

The products are spread across various parts of India and have generated 98.87% of total revenue from domestic sales for November 30, 2023. Further, the company has also exported a small portion of its products to countries like Nigeria, Bangladesh, Kenya, Nepal, etc. 

Sona Machinery Limited IPO  – Fundamental Analysis

Sona Machinery’s IPO financials showcase a company experiencing rapid revenue and profit growth, significant equity increases, and improved financial ratios, positioning it as an attractive investment in the machinery sector with promising long-term growth prospects.