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Sona Machinery IPO Date, Review, Price, Allotment Details - IPO Watch

Sona Machinery IPO Details: Sona Machinery IPO date is fixed, The IPO will open on March 5 and will close on March 7. Sona Machinery is a NSE SME IPO to raise ₹51.82 crores via IPO. The Sona Machinery IPO price band is fixed at ₹136 to ₹143 with a market lot of 1000 shares.

Sona Machinery is a diversified agro-processing equipment manufacturer, manufacturing equipment for the processing of rice, pulses, wheat, spices, Barnyard Millet, etc. Their product portfolio includes 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. along with the complete projects for rice mills and ethanol distilleries. Their services encompass engineering, erection, supervision, and machine commissioning, delivering a comprehensive end-to-end solution for the milling section which includes grain unloading and milling solution up to pre-masher for ethanol distilleries and paddy unloading to rice packaging for rice mill industries. single phase rice mill

The company started its operations in January 2021 when it purchased the fixed assets and stock for a consideration of Rs. 465.17 lakhs from “M/s Sona Foods India”, which is a proprietorship concern of Narendra Kumar, father of their promoter, Vasu Naren. M/s Sona Foods India is a manufacturing concern that has been manufacturing agro-processing equipment since the year 2003. Vasu Naren joined the family business i.e. M/s Sona Foods India in the year 2015 and now he is looking after the overall business operations of the company.

The company’s product portfolio comprises various equipment including support services for all the equipment manufactured and supplied by the company. As of the date of this Draft Red Herring Prospectus, they are manufacturing and supplying agro-processing equipment under various categories like cleaning, grading, blending, material handling, etc. Currently, they have a manufacturing unit situated at Ghaziabad, Uttar-Pradesh with a total area of approx. 52,205 sq. ft. and a warehouse for storage of our material and finished goods. Their manufacturing facility is equipped with the requisite infrastructure including machinery and other handling equipment to facilitate a smooth manufacturing process

The Sona Machinery IPO minimum market lot is 1000 shares with a ₹143,000 application amount.

The Sona Machinery IPO date is March 5 and the IPO close date is March 7. The IPO allotment date is March 11 and the IPO might list on March 13.

You can check IPO subscription status and IPO allotment status on their respective pages.

How to apply Sona Machinery IPO? You can apply Sona Machinery IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sona Machinery IPO in the Invest section. The other option you can apply Sona Machinery IPO via IPO forms download via the NSE website. Check out the Sona Machinery forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

Check Sona Machinery IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

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

Check Sona Machinery IPO allotment status on Maashitla Securities website URL. Click Here

Sona Machinery Limited Unit No. 701, 7th floor, 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/

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