How To Check Sona Machinery IPO Allotment Status

Sona Machinery IPO, with its subscription exceeding 254 times, will finalize its share allotment today (March 11).

The company will refund those not allotted shares on March 12 and credit them to demat accounts on the same day. The stock will make its market debut on March 13. If all the details are entered correctly and the allotment has been finalised, the Sona Machinery IPO allotment status will be visible.

How to Check Sona Machinery IPO Allotment

The Sona Machinery IPO allotment status is accessible through the registrar, Maashitla Securities’ official website:

  1. Visit the Maashitla Securities site.
  2. Select the Sona Machinery IPO from the drop-down.
  3. Input your application number and captcha, then hit ‘Submit’.

If all the details are entered correctly and the allotment has been finalised, the Sona Machinery IPO allotment status will be visible.

See also: How To Check JG Chemicals IPO Allotment Status

Sona Machinery IPO Interest: On the final day of bidding, the IPO drew bids for 65.9 crore shares versus the 25,92,000 offered, with the retail portion receiving 28.3 crore bids. The non-institutional investors (NII) category was not far behind, with 28.7 crore shares bid, while qualified institutional buyers (QIBs) showed interest in 8.92 crore shares.

About Sona Machinery: Sona Machinery stands out as a diversified manufacturer in the agro-processing equipment sector, catering to the processing needs of rice, pulses, wheat, spices, and more. The company’s product line boasts of Grains Pre-Cleaner machines, Rotary Drum Cleaners, Vibro Classifiers, and Stone Separators, to name a few. For the period ending in November 2023, Sona Machinery reported revenues of ₹62.75 crore and a net profit of ₹6.47 crore.

Sona Machinery will be listed on the NSE SME platform on March 13, marking a new chapter for the company and its investors.

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Posted In: NewsIPOsSona Machinery