Sona Machinery Limited IPO
Sona Machinery Limited was a SME IPO in the Industrial Products sector, offered at ₹136–₹143 per share to raise ₹52 crore. It listed on 13 Mar 2024 at ₹125 and closed its first day at ₹131, a listing loss of -8.2% versus the ₹143 issue price. It now trades around ₹31 (-78.3% versus the issue price).
Frequently asked questions
- What were the Sona Machinery Limited IPO listing gains?
- Sona Machinery Limited listed on 13 Mar 2024 at ₹125, closing its first day at ₹131 — a listing loss of -8.2% versus the ₹143 issue price.
- What was the price band and lot size of the Sona Machinery Limited IPO?
- The price band was ₹136–₹143 per share, with a minimum lot of 1,000 shares (₹1,43,000 at the upper band).
- Who were the registrar and lead manager for the Sona Machinery Limited IPO?
- Maashitla Securities Private Limited was the registrar, and HEM Securities was the book-running lead manager.