Sona Machinery IPO GMP: The initial public offering (IPO) of the Sona Mechanery is set to open for subscription on March 5. Ahead of the Sona Machinery IPO opening check key details of the Sonam Machinery IPO here.
Read More: Stock Market Updates: Sensex, Nifty Hit All-time High Levels In Special Live Trading Session
Sona Machinery IPO GMP: Check Latest GMP Today
According to various unlisted market tracking websites. The grey market price (GMP) of Sona Machinery is price ranges at Rs 40- Rs 50 per share.
Sona Machinery IPO Issue Size
Sona Machinery IPO is a book-built issue of Rs 51.82 crores. The issue is entirely a fresh issue of 36.24 lakh shares.
Sona Machinery IPO Subscription Window Opening Date
Sona Machinery IPO subscription window opens on March 5, 2024.
Sona Machinery IPO Subscription Window Closing Date
Sona Machinery IPO will be open for 3 days and the subscription window closes on March 7, 2024.
Sona Machinery IPO Price Band
The price band for the Sona Machinery IPO ranges from Rs 136 to Rs 143 per share.
Sona Machinery IPO Lot Size And Minimum Investment
The minimum lot size for a Sona Machinery IPO application is 1000 shares, requiring a minimum investment of Rs 1,43,000 for retail investors. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots, totalling 2000 shares and amounting to Rs 2,86,000.
Read More: How To Transfer Shares From One Demat Account To Another
Sona Machinery IPO Allotment Date
The finalisation of allotment for the Sona Machinery IPO is anticipated on Monday, March 11, 2024.
Sona Machinery IPO Listing Date
Sona Machinery IPO is set to be listed on NSE SME, with a tentative listing date scheduled for Wednesday, March 13, 2024.
Sona Machinery IPO Book Running Lead Managers And Registrar
Hem Securities Limited serves as the book-running lead manager for the Sona Machinery IPO, with Maashitla Securities Private Limited appointed as the registrar for the issue. Additionally, Hem Finlease acts as the market maker for the Sona Machinery IPO.
About Sona Machinery
Sona Machinery was established in 2019, the company specialises in the production of agricultural machinery catering to the processing needs of rice, pulses, wheat, spices, and Barnyard Millet. Their diverse product range 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, and more.
Read More: Gopal Snacks IPO sets price band at Rs 381-401; All you need to know about Rs 650 crore issue
The company proudly exports its machinery to international markets such as Nigeria, Bangladesh, Kenya, and Nepal. With ISO 9001:2015 accreditation for Quality Management Systems from Das System & Services Pvt Ltd, Sona Machinery offers comprehensive services, including engineering, installation, supervision, and machine commissioning, ensuring end-to-end solutions for the milling sector.
