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Sona Machinery IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Engineering sector. Hem Securities is the merchant banker of Sona Machinery IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th November 2023.
Sona Machinery IPO open date is 5th March 2024 and close date is 7th March 2024. IPO Allotment Date is 11th March 2024 and Listing date is 13th March 2024.Sona Machinery IPO size is Rs 51.82 Cr. crores with IPO price of Rs 143.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Sona Machinery IPO. Maashitla Securities Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Sona Machinery IPO.
Sona Machinery IPO anchor investors are the below investors. The number of anchor investors in this IPO is 8.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Rajasthan Global Securities | 70,000.00 | ₹143.00 | ₹10,010,000.00 |
| Meru Investment Fund | 210,000.00 | ₹143.00 | ₹30,030,000.00 |
| Persistent Growth Fund- | 131,000.00 | ₹143.00 | ₹18,733,000.00 |
| FINAVENUE CAPITAL TRUST | 131,000.00 | ₹143.00 | ₹18,733,000.00 |
| Negen Undiscovered Value | 70,000.00 | ₹143.00 | ₹10,010,000.00 |
| Bengal Finance and | 280,000.00 | ₹143.00 | ₹40,040,000.00 |
| 3 SIGMA GLOBAL | 70,000.00 | ₹143.00 | ₹10,010,000.00 |
| Swyom India Alpha | 70,000.00 | ₹143.00 | ₹10,010,000.00 |
Sona Machinery IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Sona Machinery IPO, based in New Delhi, operates in the Engineering sector with a focus on manufacturing and marketing of agro processing equipments. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Sona Machinery IPO size is ₹ 51.82 Cr. Crores with fresh issue size of Rs 51.82 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Sona Machinery IPO is expected to be 11th March 2024, after the finalization of basis of allotment. Investors can check Sona Machinery IPO allotment status on the registrars website, Maashitla Securities Private Limited. Sona Machinery IPO refund dates are 12th March 2024.
Sona Machinery IPO is expected to be listed on 13th March 2024.
The upper price band for the Sona Machinery IPO is set at ₹ 143.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Sona Machinery IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Sona Machinery IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 7th March 2024. After submission, funds are blocked until the basis of allotment of Sona Machinery IPO is finalised.
The merchant banker for Sona Machinery IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Sona Machinery IPO RHP for further details.
The registrar for Sona Machinery IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Sona Machinery IPO through their official website or helpline.
Sona Machinery IPO was subscribed 273.50 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 51.82 Cr.
Avg IPO Size (Sector Based)
:
₹ 24.78 Cr.
Sector: Engineering
SME IPO so far:
49
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
New Delhi
SME IPO so far:
152
Revenue (annualised):
₹ 94.13 cr.
PE
Ratio:
20.19x
Average Sector PE Ratio: 15.16x
Sona Machinery IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Sona Machinery Financial Review Page
Merchant Banker(s) of Sona Machinery IPO: Hem Securities Limited
Sona Machinery IPO subscription was 273.50 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Sona Machinery IPO listed at a listing price of 131.25 against the offer price of 143.00.
The current market price of Sona Machinery is 96.50.
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