Sona Machinery Limited IPO
Sona Machinery's IPO of 36,24,000 shares aims to raise INR 51.82 crores for a new Ghaziabad unit and to repay debts.
Important Dates
IPO Date: Mar 5 to Mar 7, 2024 IPO Listing Date: Mar 13, 2024 IPO Price: INR 136 to 143 per share IPO Lot Size: 1000 Shares IPO Total Issue Size: INR 51.82 crores
Fundamental Analysis
Sona Machinery's IPO reveals fast revenue/profit growth and better financial health, making it an appealing machinery sector investment.
Peer Comparison
No listed Indian companies operate in a similar business line, making industry comparison impossible.
Objective
The company aims to fund a new Ghaziabad unit (INR 28.91cr) and repay a Letter of Credit (INR 2cr) for machinery.
Risks And Challenges
Sona Machinery's risks include regional reliance, seasonal fluctuations, and lack of long-term supplier contracts, heightening cost and shortage vulnerabilities.
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