Sona Machinery IPO Date, Review, Price, Allotment Details

Sona Machinery is a varied agro-processing apparatus producer, production apparatus for the processing of rice, pulses, wheat, spices, Barnyard Millet, and so on. Their product portfolio contains 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, and so on. together with the entire tasks for rice generators and ethanol distilleries. Their products and services surround engineering, erection, supervision, and device commissioning, handing over a complete end-to-end resolution for the milling phase which incorporates grain unloading and milling resolution as much as pre-masher for ethanol distilleries and paddy unloading to rice packaging for rice mill industries.

The corporate began its operations in January 2021 when it bought the mounted belongings and inventory for a attention of Rs. 465.17 lakhs from “M/s Sona Foods India”, which is a proprietorship fear of Narendra Kumar, father in their promoter, Vasu Naren. M/s Sona Foods India is a producing fear that has been production agro-processing apparatus because the yr 2003. Vasu Naren joined the circle of relatives trade i.e. M/s Sona Foods India within the yr 2015 and now he’s taking a look after the entire trade operations of the corporate.

The corporate’s product portfolio incorporates quite a lot of apparatus together with make stronger products and services for the entire apparatus manufactured and provided through the corporate. As of the date of this Draft Red Herring Prospectus, they’re production and supplying agro-processing apparatus underneath quite a lot of classes like cleansing, grading, mixing, subject material dealing with, and so on. Currently, they have got a producing unit located at Ghaziabad, Uttar-Pradesh with a complete space of approx. 52,205 sq. feet. and a warehouse for garage of our subject material and completed items. Their production facility is provided with the needful infrastructure together with equipment and different dealing with apparatus to facilitate a easy production procedure

Objects of the Issue:

• Funding the Capital Expenditure necessities of the corporate against putting in a brand new production unit at Ghaziabad.
• Repayment of the exceptional quantity of the Letter of Credit availed through the corporate for the acquisition of equipment.
• General Corporate Purposes.

Sona Machinery IPO Review

Sona Machinery IPO Date & Price Band Details

Sona Machinery IPO Market Lot

The Sona Machinery IPO minimal marketplace lot is 1000 stocks with a ₹143,000 utility quantity.

Sona Machinery IPO Dates

The Sona Machinery IPO date is March 5 and the IPO shut date is March 7. The IPO allotment date is March 11 and the IPO may record on March 13.

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Sona Machinery IPO Form

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Sona Machinery Company Financial Report

Sona Machinery IPO Valuation – FY2023

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Peer Group

• Mr. Vasu Naren
• Ms. Shweta Baisla

Sona Machinery IPO Registrar

Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues

Sona Machinery IPO Allotment Status

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Sona Machinery IPO Lead Managers aka Merchant Bankers

Company Address

Sona Machinery Limited
Unit No. 701, seventh flooring,
KLJ Tower, Plot No. B-5, Netaji Subhash Place,
Maurya Enclave, North West Delhi, Delhi – 110034
Phone: +91-8448984368
Email: [email protected]
Website: http://www.sonamachinery.com/

Sona Machinery IPO FAQs

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