| IPO date | 05 Mar 2024 – 07 Mar 2024 |
| Listing date | 13 Mar 2024 |
| Price range | 136 – 143 |
| Minimum order quantity | 1000 | (D)RHP | View |
Sona Machinery Limited is launching its IPO. The offer opens for subscription on 05th March 2024 and will close on 07th March 2024.
Disclaimer: This stock will trade with a lot size of 1000 shares in the SME segment on listing.
What does Sona Machinery Limited do?
Sona Machinery Limited, established in January 2021, is a diversified agro-processing equipment manufacturer specializing in equipment for processing rice, pulses, wheat, spices, and more. Their product range includes various machines such as:-
- Grains Pre-Cleaner
- Rotary Drum Cleaner
- Vibro Classifiers, and more
The company provides end-to-end solutions for milling sections, offering services like engineering, erection, supervision, and machine commissioning. They started operations by acquiring assets from “M/s Sona Foods India,” a manufacturing concern owned by the promoter’s father. The company’s product portfolio covers cleaning, grading, blending, and material handling equipment, with a manufacturing unit in Ghaziabad, Uttar Pradesh. The majority of revenue (99.40%) comes from domestic sales, with a small portion (0.60%) generated from export sales to countries like Nigeria, Bangladesh, Kenya, and Nepal. The company is managed by Vasu Naren, the promoter, who has over 8 years of experience in the milling equipment manufacturing industry.
Schedule/Timeline of Sona Machinery Limited IPO
| Issue Period | 5th March to 7th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | March 11, 2024 |
| Initiation of Refunds | March 12, 2024 |
| Credit of Shares | March 12, 2024 |
| Date of Listing | March 13, 2024 |
| Mandate end date | March 22, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | April 10, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 09, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Sona Machinery Limited IPO?
You can apply for the Sona Machinery Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Sona Machinery Limited IPO?
You can check the allotment status for the Sona Machinery Limited IPO on the website of the Registrar and Transfer agent.