Sona Machinery Limited IPO
Sona Machinery Limited, an eminent player in the agro-processing equipment manufacturing sector, has carved a niche for itself with its diversified and comprehensive range of equipment. Founded in January 2021, the company emerged from the acquisition of assets and stock from M/s Sona Foods India, a legacy firm with roots in the industry since 2003. The venture is spearheaded by Vasu Naren, a dynamic entrepreneur with a deep connection to the family business, and under his guidance, the company has flourished, catering to a wide array of agro-processing needs.
Product Portfolio and Services
The company’s product lineup is extensive, encompassing a variety of machines and equipment designed to enhance the efficiency and quality of agro-processing. This includes Grains Pre-Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, and advanced machinery like Paddy De-Husker, Husk Aspirator, Rice Whitener, and Silky Polisher, among others. Sona Machinery Limited not only manufactures these high-quality equipments but also provides end-to-end solutions that cover engineering, erection, supervision, and machine commissioning. Their services ensure a seamless operation for rice mills and ethanol distilleries, from grain unloading to milling solutions and beyond.
Infrastructure and Reach
With a state-of-the-art manufacturing unit located in Ghaziabad, Uttar Pradesh, Sona Machinery boasts a sprawling facility that supports its ambitious production capabilities. The strategic location and the equipped infrastructure enable the company to serve a vast domestic market, which constitutes the majority of its sales, alongside an expanding international footprint in countries like Nigeria, Bangladesh, Kenya, and Nepal.
Recognitions
Sona Machinery Limited has been acknowledged for its excellence and commitment to quality through various awards and accreditations, including the ISO 9001:2015 for Quality Management Systems and being named among the Top 10 Industrial Service Providers in 2022. These accolades reflect the company’s dedication to maintaining the highest standards in its operations and offerings.
Conclusion
Sona Machinery Limited stands as a testament to innovative engineering and entrepreneurial spirit in the agro-processing sector. With its robust product portfolio, expansive service offerings, and a strong foundation in quality and efficiency, the company is well-positioned to continue its trajectory of growth and innovation. As it builds on its legacy and explores new horizons, Sona Machinery Limited is poised to redefine the agro-processing landscape, both domestically and internationally.
Objects of the Sona Machinery Limited IPO:
Sona Machinery Limited IPO Details:
Open Date: | Mar 05 2024 |
Close Date: | Mar 07 2024 |
Total Shares: | 3,624,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 51.82 Cr. |
Lot Size: | 1000 Shares |
Issue Price: | ₹ 136 - 143 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Mar 12 2024 |
Promoters And Management:
Financials of Sona Machinery Limited IPO:
Particulars ( In Lakhs ) |
2021 |
2022 |
2023 |
8M-FY24 |
Revenue from Operations | 604 | 4,452 | 8,097 | 6,275 |
Other Income | 2 | 1 | 21 | 13 |
Total Revenue | 606 | 4,453 | 8,118 | 6,288 |
Cost of Goods Sold | 549 | 2,907 | 5,126 | 3,799 |
Purchases of Stock in Trade | 0 | 0 | 0 | 118 |
Changes in inventories | -132 | 58 | -63 | -169 |
Employees Benefit Expenses | 88 | 467 | 943 | 874 |
Other Expenses | 59 | 488 | 913 | 714 |
EBITDA | 43 | 534 | 1,199 | 952 |
Depreciation & Amortisation | 12 | 68 | 88 | 69 |
Finance cost | 0 | 8 | 51 | 10 |
EBIT | 31 | 466 | 1,111 | 883 |
OPM (%) | 7.02% | 11.99% | 14.77% | 15.14% |
PBT | 31 | 458 | 1059 | 873 |
Tax | 3 | 132 | 291 | 225 |
PAT | 28 | 326 | 768 | 648 |
NPM (%) | 4.59% | 7.33% | 9.46% | 10.30% |
No.of Shares | 137.24 | 137.24 | 137.24 | 137.24 |
EPS | 0.20 | 2.37 | 5.59 | 4.72 |
Comparison With Peers:
Lead Manager of Sona Machinery Limited IPO:
Registrar of Sona Machinery Limited IPO:
Company Address:
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