Business Standard

Sona Machinery Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

51.82 cr

Price Range (₹)

143

Lot Size

1000

Min Investment (₹)

1,43,000.00

Listing Exchange

NSE - SME

Open Date

05-Mar-2024

Close Date

07-Mar-2024

Listing Date

13-Mar-2024

Sona Machinery Ltd News

    The Shares of Sona Machinery Ltd have now been listed.

    Sona Machinery Ltd IPO Details

    Initial public offer of upto 36,24,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Sona Machinery Limited (The Company or The Issuer) at an issue price of Rs. 143 per equity share (including share premium of Rs. 133 per equity share) for cash, aggregating up to Rs. 51.82 crores (Public Issue) out of which 1,82,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 143 per equity share for cash, aggregating Rs. 2.60 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 34,42,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 143 per equity share for cash, aggregating upto Rs. 49.22 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.41% and 25.08% respectively of the post-issue paid-up equity share capital of the company.The Offer Price is Rs. 143 per equity share of face value of Rs. 10 each.The Offer price is 14.30 times of the face value of the equity shares.Bids can be made for a minimum of 1000 equity shares and in the multiples of 1000 equity shares thereafter.

    Objective of issue

    Funding the capital expenditure requirements of the company towards setting up of a new manufacturing unit. Repayment of the outstanding amount of the letter of credit availed by the company for purchase of machinery. General corporate purposes.

    Sona Machinery Ltd Contact Details

    Sona Machinery Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

    Phone - 011-45121795

    Fax - 01145121795

    Email - cs@sonamachinery.com

    Website - www.sonamachinery.com