Sona Machinery Limited IPO

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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.


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.


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:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: i. Funding the Capital Expenditure requirements of the company towards setting up a new manufacturing unit at Ghaziabad. ii. Repayment of the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery. iii. General Corporate Purpose

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:

Vasu Naren, aged 28 years is the Promoter and Chairman and Managing Director of the Company. He has been on the Board of Directors of the Company since incorporation. He has completed his Senior Secondary from Central Board of Secondary Education in 2013. He is having an overall experience of around 08 years in the associates industry and is looking after the overall business operations of the company including sales, marketing, design, quality etc. Under his guidance the Company has witnessed continuous growth and has been instrumental in the growth of the business. Shweta Baisla, aged 29 years Whole time Director & CFO of the Company. She has been on the Board of Directors of the Company since 2022. She possesses 2 years of experience in the said industry. She has completed her Master of Business Administration from University of Delhi, in year 2021. She primarily looks after the legal and financial planning and accounts of the company. Narender Kumar, aged 54 years is the Non-Executive Director of the Company. He has been on the Board of Directors of the Company since incorporation. He has completed his Secondary School Certificate (10th) from Rajyakiya Vidyalaya, Delhi in 1985. He has an overall experience of around 28 years.

Financials of Sona Machinery Limited IPO:

Particulars ( In Lakhs )
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:

Note: - There are no listed companies in India that engage in a business similar to the Company

Lead Manager of Sona Machinery Limited IPO:

  1. Hem Securities Limited

Registrar of Sona Machinery Limited IPO:

  1. Maashitla Securities Pvt. Limited.

Company Address:

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: Website:

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