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Sona Machinery Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Sona Machinery Ltd IPO

Registered Office: Unit # 701 7th Flr KLJ Tower,P.# B-5 Netaji S.P.Maurya Encl , Delhi - 110034 , Delhi , India.
Phone : +91 84489 84368   Fax:
Email :  cs@sonamachinery.com  
Website :  www.sonamachinery.com
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.

Issue Money Payable On
Opens On Closes On Application Allotment
05-Mar-24 07-Mar-24 (Rs)143.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1000  Further Multiples of :1000

  (Rs Cr) Lead Managers to the Issue
Project Cost 43.55
Hem Securities Ltd
Project Financed through Current Offer 51.82  
Post Issue Equity Share Capital 13.72  
Issue Price (Rs)143.00  
 
Projects
Funding the capital expenditure requirements of the company towards setting up of a new manufacturing unitGeneral corporate purposes
Repayment of the outstanding amount of the letter of credit availed by the company for purchase of machinery
Promoted By
Vasu Naren  
Shweta Baisla  
Listing At
NSE - SME 
Registrar to the Issue
Maashitla Securities Pvt Ltd