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Sona Machinery IPO
Price Band
₹136.0–143.0
Issue Size
₹51.82 Cr
Lot Size
1,000 shares
Min Investment
₹143,000
GMP
+₹30.0 (20.98%)
Issue Price
₹143.0
Subject to Sauda
₹22800
Paid only if allotted
Sona Machinery IPO AI Summary
- Sona Machinery IPO is listed on NSE SME in the Industrial Products sector.
- Price band: ₹136.0–₹143.0 per share, lot size 1,000 shares (min. investment ₹143,000).
- Subscription window: 05 Mar–07 Mar 2024, listing on 13 Mar 2024.
- Current GMP is +₹30.0 (20.98%), an estimated listing price of ₹173 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sona Machinery IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 07 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sona Machinery IPO Grey Market Premium (GMP) Today
GMP
+₹30.0
GMP %
+20.98%
Est. Listing
₹173.0
Updated: 25 Jul 2026 14:06
About the Company
Founded in 2019, Sona Machinery Limited produces agricultural machinery for processing rice, pulses, wheat, spices, and Barnyard Millet. The company manufactures 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 etc. The company exports its products to Nigeria, Bangladesh, Kenya and Nepal. The company has been accredited with ISO 9001:2015 for Quality Management Systems by Das System & Services Pvt Ltd. Sona Machinery's service offering includes engineering, installation, supervision and machine commissioning, providing a complete solution for the milling sector, ranging from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry. The company's manufacturing facility is located in Ghaziabad, Uttar Pradesh, with a total area of approximately 52,205 sq. ft. and a warehouse for storing material and finished goods. As of September 30, 2023, the company employed over 390 employees, including semi-skilled workers at various levels of the organization.
Company Financials (₹ Cr)
As of 2023-11-30
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 42.11 | 28.58 | 15.17 | 7.32 |
| Total Income | 62.88 | 81.18 | 44.53 | 6.06 |
| Profit After Tax | 6.48 | 7.68 | 3.26 | 0.28 |
| NET Worth | 17.80 | 11.32 | 3.64 | 0.38 |
| Reserves and Surplus | 7.70 | 11.22 | 3.54 | 0.28 |
| Total Borrowing | 1.13 | 2.53 | 2.37 |
Key Ratios
EPS
₹7.61
NAV
₹17.63
ROE
44.49%
ROCE
46.61%
RoNW
36.39%
P/B Value
8.11
P/E Ratio
18.8
Market Cap
₹196.25 Cr
PAT Margin
10.32%
Debt/Equity
0.06
Peer Comparison
| Company | NAV | RoNW |
|---|---|---|
| Sona Machinery Limited This IPO | 11.28 | 74.42% |
Promoters
Vasu Naren and Shweta Baisla
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the Capital Expenditure requirements of our company towards setting up of a new manufacturing unit at Ghaziabad 28.91 2 Repayment of the outstanding amount of the Letter of Credit availed by our company for purchase of machinery 2.01 3 General Corporate Purpose 12.63
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹44.53 Cr in the period ending 31 Mar 2022, rising to ₹81.18 Cr by 31 Mar 2023, before falling to ₹62.88 Cr in the latest period ending 30 Nov 2023. This decline in the most recent period is noteworthy as it is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.28 Cr in the period ending 31 Mar 2021, increasing to ₹3.26 Cr by 31 Mar 2022, and further rising to ₹7.68 Cr in the period ending 31 Mar 2023. However, it then decreased to ₹6.48 Cr in the latest period ending 30 Nov 2023, which is also a 9-month figure, making direct comparison with prior full-year figures less straightforward.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price than the issue price, reflecting demand among investors in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk appetite. It's important to consider the company's growth potential and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it involves investing in a relatively new company in the agricultural machinery sector, which may face market fluctuations.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience significant price increases on their first day of trading, others may not perform as well. Factors influencing listing gains include market conditions, investor sentiment, and the company's fundamentals.
This evaluation is generated from Sona Machinery's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sona Machinery IPO GMP today?
Sona Machinery IPO GMP today is +₹30.0 (20.98%), indicating an estimated listing price of ₹173. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Sona Machinery IPO?
The price band of Sona Machinery IPO is ₹136.0–₹143.0 per share.
When does Sona Machinery IPO open and close?
Sona Machinery IPO opens on 05 March 2024 and closes on 07 March 2024.
When does Sona Machinery IPO list on the stock exchange?
Sona Machinery IPO listed on 13 March 2024 at ₹173.0.
What is the lot size for Sona Machinery IPO?
The lot size for Sona Machinery IPO is 1000 shares, requiring a minimum investment of ₹143,000.
What is the lot size for this IPO?
The lot size for Sona Machinery's IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹143,000.
What is the price band for the IPO?
The price band for the IPO is between ₹136.0 and ₹143.0.
When does the IPO open and close?
The IPO opens on March 5, 2024, and closes on March 7, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 Mar 2024
Close
07 Mar 2024
Allotment
11 Mar 2024
Listing
13 Mar 2024
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