Sona Machinery IPO Open. Should you apply ? Check its Price,GMP,Review

Sona Machinery Limited, a manufacturer of various industrial machinery, has captured investor interest with its initial public offering (IPO) that opened today, March 5, 2024.

Sona Machinery Company Details

• Name: Sona Machinery Limited
• Website: https://www.sonamachinery.com
• Incorporation Year: 2019
• Business Focus: Manufacturing agricultural machinery for processing rice, pulses, wheat, spices, and Barnyard Millet.
• Product Range: The company produces a variety of machinery, including:
  • 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
  • Bucket Elevator
• IPO Issue Size: ₹51.82 crores
• Fresh Issue: 3,624,000 shares

Promoter Details

• Promoters: Mr. Vasu Naren and Ms. Shweta Baisla
• Shareholding Pre-Issue: 100.00%
• Shareholding Post-Issue: 73.59%

Subscription Status

• The IPO opened for subscription on March 5, 2024, and it will close on March 7, 2024.
• The allotment is expected to be finalized on Monday, March 11, 2024.
• The listing date on NSE SME is tentatively set for Wednesday, March 13, 2024.

Price Band and Lot Size

• Price Band: ₹136 to ₹143 per share
• Minimum Lot Size: 1000 shares
• Retail Investor Minimum Investment: ₹143,000
• HNI Minimum Investment: 2 lots (2,000 shares) amounting to ₹286,000

Sona Machinery IPO GMP

Sona Machinery SME IPO last GMP is ₹100, last updated Mar 7th 2024 11:30 PM. With the price band of 143.00, Sona Machinery SME IPO’s estimated listing price is ₹243 (cap price + today’s GMP).The expected percentage gain/loss per share is 69.93%.

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites.

This article is for informational purposes only and should not be considered financial advice.